Capital One Walmart Rewards Card Review

If you frequently shop online or in stores at Walmart, you need this card. This Mastercard is perfect for anyone that does the majority of their shopping at Walmart.

Written by : Updated On: December 9
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The basics

Reward Rate:

Groceries

Walmart.com

5%
Groceries

Walmart stores

2%
Groceries

Restaurants

2%
Groceries

Travel

2%
Groceries

All other purchases

1%

5% back on delivery or pickup from Walmart.com

5% back for the first 12 months in Walmart stores when using Walmart Pay

2% back in Walmart stores after

2% at restaurants and on travel

1% on all other purchases

Rewards never expire

Key Features:

Annual Fee

None

Intro APR

17.99% to 26.99%

Regular APR

17.99% to 26.99%

Signup Bonus

signup-bonus

5% cash back in Walmart stores when you use your card with Walmart Pay.

Redemption Ways

signup-bonus

Check, statement credit, cover a recent purchase, gift cards, or travel.

Our Verdict

If you frequent Walmart, this card is a no brainer. For the first year, you get 5% back in the store, as well as 5% back on delivery or pickup orders. That alone makes the card worth it, but you get another 2% back on restaurants and travel. There are no foreign transaction fees or other fees that you need to worry about. For a card without an annual fee, it packs a lot in.

You do need good to excellent credit to be approved for this card, so it might not be attainable for those new to the credit card game. However, this is a great option for families or those that need to buy in bulk, as there is no limit on the rewards earned.

Another thing to consider is that the cash back comes in the form of Capital One points. While you can certainly redeem them as cash back, you can also use them for travel or to make purchases, so it gives you more flexibility than some other cards on the market right now.

Best Suited for:

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Digital Junkie

Netflix, Amazon Prime, YouTube, Apple TV, Spotify, Hulu, you've got them all. There is so much high-quality content to stream out there, and you want to see and hear it all. And you have the best electronic equipment to stream it on. You also try to save on utilities for your digital household. You deserve to get some cash back for all of this (especially being ahead of the game with finding the next binge-worthy show.)

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Pantry Stocker

You are not happy unless you have a kitchen full of food. You are the designated grocery person in your household, and you are good at it. But what you really like is getting cash back for spending in this category.

ProsCons
Unlimited cash backNot nearly as much value to those who do not shop at Walmart
Backed by Capital OneMight be difficult to get approved for those with poor credit
Rewards never expire
No annual fee

Hidden perks

Walmart carries just about anything, from groceries to furniture to sporting equipment. If you do a lot of shopping at Walmart, it just makes sense to have a card that works for you. Capital One is a great partner for this card, and you cannot find another cash back card that will give you any more at the superstore than this one.

Beyond the basics

Balance Transfer Intro APR

17.99% to 26.99%

Cash Advance APR

26.99%

Foreign Transaction fee

None

Loan APR

None

Late Payment fee

Up to $39

Penalty APR

None

Credit Score required

700+

What we like about this card

The Capital One Walmart Rewards credit card offers impressive rewards, especially for Walmart shoppers. The card provides robust cash back incentives, including 5% back on Walmart.com purchases, including pickup and delivery, and on in-store purchases when using Walmart Pay for the first 12 months.

Additionally, the card offers 2% cashback on purchases at Walmart stores after the introductory period and 2% on dining and travel. There’s no annual fee, along with 1% cash back on all other purchased beyond the aforementioned, making it an appealing option for frequent Walmart shoppers seeking rewards without extra costs.

 

Drawbacks and considerations

While the rewards structure for Walmart purchases is attractive, the card’s rewards outside of Walmart might not be as competitive compared to other cards specializing in dining, travel, or other categories. After the initial promotional period, the 2% cash back rate for Walmart in-store purchases might not be as beneficial to those who primarily shop elsewhere.

Other Offers

You are never held responsible for fraudulent purchases made on your account.

Manage your account conveniently from the Capital One mobile app.

How to decide if this card is right for you

Deciding on the Capital One Walmart Rewards card depends on your shopping habits and preferences. If you frequently shop at Walmart or Walmart.com, especially during the introductory period, the high cashback rates can yield substantial rewards.

Additionally, if you prefer a card without an annual fee and are content with redeeming rewards exclusively at Walmart, this card might be a good fit. However, if your spending is primarily outside of Walmart or if you seek more versatile rewards that can be used at various retailers or for different purposes, exploring other rewards cards might be more beneficial.

 

Pair this card with:

Costco Anywhere Visa by Citi

citi-Premier

This is an excellent cashback card for purchases on groceries or home furnishings, so we recommend pairing it with a points-based card for travel. You could also pair it with a cash back card for another superstore, like the Costco Anywhere Visa Credit Card by Citi. It really comes down to your spending habits on how you get the most return.

Apply now: Costco Anywhere Visa by Citi

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FAQs

The Walmart Rewards Card, issued by Capital One, can be used anywhere Mastercard is accepted. While it offers high rewards specifically tailored for Walmart purchases, the card is not limited to Walmart; it can be used for transactions at other retailers where Mastercard is accepted.

Yes, there is an app available for managing Walmart credit cards. The Capital One mobile app allows cardholders to monitor their account, track transactions, make payments, and redeem rewards conveniently from their mobile devices.

Credit limits for the Capital One Walmart Rewards card vary depending on individual creditworthiness and financial circumstances. The credit limit granted is determined by Capital One and is influenced by factors such as credit history, income, and other financial obligations. It’s advisable to apply and then get the specific credit limit offered based on your profile.

Obtaining the Capital One Walmart Rewards card typically requires at least a fair to good credit score. Having a credit score in the mid-600s or higher generally improves the chances of approval for this card. However, credit score alone is not the only determining factor; other aspects of credit history and financial stability also influence the approval decision.