Selecting the right credit card can shape your finances. The Walmart Credit Card offers rewards tailored for Walmart shoppers.
This article covers its features, application steps, and essential details. See if this card aligns with your spending needs.
Walmart Credit Card Overview
The Walmart Credit Card offers rewards on everyday purchases and is designed for regular shoppers seeking cash-back opportunities.
With no annual fee and higher rewards for online purchases, it's ideal for those who shop digitally. Available as a store card or a Mastercard, it provides flexibility in usage.
Mobile payment options make transactions easy and added savings features make it a straightforward choice for frequent shoppers.
Features of the Walmart Credit Card
It gives rewards based on shopping preferences, with online purchases offering higher rewards. It also has no monthly fees for ease of use.
Types of Walmart Credit Cards Available
Walmart offers two main types of credit cards, so you can select the one that best fits your shopping needs:
- Walmart Store Card: This card is exclusive to Walmart in-store and online purchases.
- Walmart Mastercard: Accepted anywhere Mastercard® is accepted for use beyond Walmart.
Key Benefits
This card is optimized for frequent shoppers, offering simple and valuable rewards.
- 3% cash back on Walmart online purchases
- There is no annual fee for yearly savings
- No monthly fees or minimum balance requirements
- Fee-free overdraft to avoid unexpected charges
- 3.00% APY on savings for growing your balance
- Mobile payment compatibility for convenient checkouts
Debit Card with Rewards
For those who prefer debit, Walmart also offers a card that combines convenience with rewards. It has no monthly fees or minimum balance and offers easy cash-back rewards.
- 3% cash back for Walmart.com purchases
- Fee-free overdraft for flexibility in spending
- 3.00% APY on savings for building your balance
- Compatible with mobile payments for added ease
Capital One® Walmart Rewards® Card
This card enhances rewards on a broader range of purchases, primarily online.
- 5% cash back on Walmart.com, including pickup and delivery
- 2% cash back in-store, at fuel stations, and on dining and travel
- 1% cash back on purchases anywhere Mastercard® is accepted
You start earning cash-back rewards as soon as you’re approved, with no annual fee for extra savings.
Eligibility Requirements
To apply for a credit card, you need to meet some basic requirements. These ensure that applicants have the necessary financial standing to qualify.
Criteria for Applying
The card has specific criteria that must be met to proceed with an application. Here’s what you need to qualify:
- Minimum age of 18 years or older
- U.S. residency with a valid Social Security Number (SSN)
- Fair to good credit score, typically in the mid-600s or above
- Valid personal and financial information to complete the application
How to Apply for a Walmart Credit Card?
Applying for this credit card is straightforward and can be done online. The process takes only a few steps to complete.
Step-By-Step Process for Online Application
To apply online, follow these steps for a smooth application experience:
- Go to the credit card application page on the website.
- Choose the type of card you want and start the application.
- Enter your details, such as name and address.
- Provide financial information, including income details.
- Review your information and apply.
Information Needed for the Application
To complete your application, have the following information ready. This ensures a smooth and quick process.
- Personal information: name, address, date of birth, and SSN
- Financial details: annual income, employment status
- Contact information: phone number and email
Interest Rates and Fees
Here’s a quick look at this credit card's interest rates and fees. Knowing these will help you manage costs effectively.
APR for Purchases, Cash Advances, and Balance Transfers
Depending on your credit score, the APR for purchases and balance transfers ranges between 19.48% and 29.99%.
Cash advances have a 29.99% APR, regardless of credit. A 3% fee applies to balance transfers at promotional rates; others are fee-free.
Cash advances come with a 3% or $3 fee, whichever is more. The card has no annual fee, which helps you save yearly.
Additional Fees
There are a few extra fees to be aware of. Late payments incur a late fee, and foreign purchases may have a foreign transaction fee.
Promotional balance transfers have a 3% fee, and cash advances have a 3% or $3 fee. Thankfully, there is no annual fee so that you won’t have a yearly charge.
Using Your Walmart Credit Card Wisely
Clever use of your credit card helps you manage costs and avoid debt. Here are tips to keep spending under control and avoid issues.
Tips on Managing Credit Card Usage
Good habits with your credit card keep finances healthy. Follow these tips for effective card management:
- Pay your balance in full each month to avoid interest charges.
- Set a spending limit based on your budget.
- Track your purchases to stay aware of spending.
- Use the card only for planned purchases to prevent impulse buys.
- Pay on time to avoid late fees and maintain a good credit score.
- Review your monthly statement for accuracy and to catch any errors.
How to Avoid Common Credit Card Pitfalls?
Avoiding these common mistakes can save you money and stress. Use these tips to steer clear of typical credit card issues:
- Don’t carry a balance if possible, as it increases interest charges.
- Avoid using the card for cash advances, which come with high fees.
- Be cautious with balance transfers that include hidden fees.
- Avoid maxing out your credit limit, which can hurt your credit score.
- Limit foreign transactions to avoid extra fees.
- Regularly check your credit report to ensure accuracy.
Customer Service and Support
Customer support is available for credit card questions or issues. Reach out for help with your account or unexpected problems.
The support number is 1-877-860-1250—mail inquiries to 702 S.W. 8th St., Bentonville, AK 72716.
Customer service can assist with account questions and updates. Support is ready to keep you informed.
Quick Summary: Walmart Credit Card Application Guide
The Walmart credit card offers rewards and flexibility for regular shoppers. Applying is easy, with just a few steps and basic details.
Enjoy no annual fee and start earning rewards after approval. This card makes everyday purchases more rewarding.
Disclaimer: Terms and conditions may change over time. Check for updates regularly to stay informed.
