Walmart serves millions of shoppers daily, offering a wide range of products at competitive prices. Customers shopping in-store or online can access significant savings.
The Walmart Credit Card provides benefits that enhance the shopping experience. This guide explains the application process, the card’s features, and how it works. Get clear details on what to expect when applying.
Walmart Credit Card: Options and Benefits
Walmart operates as a global retail chain, offering a wide range of products. Its credit card options help manage everyday expenses efficiently.
A well-matched card maximizes savings through cashback and rewards while minimizing fees. The wrong choice may lead to unnecessary costs and lost benefits.
Walmart Credit Card Types
Walmart provides two credit card options designed for different shopping needs. Each card offers specific benefits to enhance the shopping experience.
Capital One Walmart Credit Card
The Capital One Walmart Credit Card, managed by Mastercard since 2019, comes with no annual fee. It offers a competitive cashback system:
- 5% back on Walmart.com and Walmart app purchases, including Grocery Pickup and Delivery.
- 2% back at Walmart stores, Walmart & Murphy USA fuel stations, and restaurants.
- 1% back on all other purchases.
This card includes online management tools for tracking spending, rewards, and payments.
Additional perks include Capital One’s concierge services, travel insurance, and extended warranties. It is generally available to those with good credit, making it a strong choice for frequent online Walmart shoppers.
Walmart Rewards Credit Card
The Walmart Rewards Credit Card, similar to the Capital One version, has no annual fee but is limited to Walmart purchases. It provides:
- 5% cashback on Walmart.com and Walmart app purchases.
- 2% cashback at Walmart stores and Walmart-affiliated restaurants.
- 1% cashback on in-store purchases at Sam’s Club and affiliated gas stations.
Walmart Credit Card Benefits
Walmart credit cards offer features that enhance the shopping experience through cashback rewards, financing options, and security benefits.
Cashback Rewards
Cardholders earn cashback on purchases, with higher rates on select categories such as groceries and fuel.
Cashback can be redeemed to reduce the statement balance, making it a practical way to save. Tracking rewards is simple through the account management system.
Special Financing
Certain purchases qualify for special financing, allowing payments to be spread over time without interest if paid within the promotional period. This is useful for larger expenses like electronics or appliances.
Timely payments are essential to avoid interest charges. Reviewing the terms ensures a clear understanding of the conditions.
No Annual Fee
These cards have no annual fee, eliminating extra costs. This makes them a long-term, cost-effective option for regular Walmart shoppers.
Additional Cardholder Benefits
Walmart credit cards provide extra protections and perks beyond payment convenience:
- Zero Liability Protection – Covers unauthorized transactions.
- Balance Protection Plan – Assists in cases of critical illness, disability, or job loss.
- Extended Warranty Plan – Adds up to three years of coverage on eligible purchases.
- Purchase Assurance Protection – Covers theft, loss, or damage within 90 days.
- Mastercard Global Services – Provides emergency cash and card replacement worldwide.
Walmart Credit Card Eligibility and Application Process
Walmart credit cards have specific requirements and a straightforward application process. Meeting these criteria improves approval chances.
Age and Residency
Applicants must be at least 18 years old, though some regions require a minimum age of 19. A valid residential address in the country where the card is issued is necessary. Proof of residency may be required.
Credit Score Considerations
A fair to excellent credit score increases the likelihood of approval. A credit history helps lenders evaluate payment behavior. Checking credit scores beforehand ensures better preparation.
How to Apply for a Walmart Credit Card
Applications can be submitted online or in-store through the official website. Selecting “Apply Now” on the website directs users to the online form. In-store, paper applications may be available upon request.
Completing the Application
The application form requires personal details, including name, address, date of birth, employment, and income information.
Accuracy is essential to avoid delays. Reviewing terms and conditions before submission ensures full understanding. Once submitted, a confirmation message is received.
Required Documents
To complete the application, the following documents may be needed:
- Proof of identity (driver’s license, passport)
- Social Security Number (SSN) or equivalent
- Proof of income (pay stubs, tax documents)
- Residential address verification (utility bill, lease agreement)
- Employment details (employer’s name, contact information)
- Bank account information for verification, if required
Having these documents ready speeds up the process.
How Interest Is Calculated on Unpaid Balances
Interest is based on the average daily balance method:
- Average Daily Balance – The sum of daily balances divided by the number of days in the billing cycle.
- APR Application – The average daily balance is multiplied by the APR to determine interest charges.
- No Interest if Paid in Full – No interest applies if the full balance is paid within the grace period.
- Compounded Monthly – Interest is added to the balance each month if not paid in full.
Walmart Credit Card Terms and Conditions
Understanding credit card terms helps manage finances effectively. Key factors include interest rates and potential fees.
APRs for Purchases, Cash Advances, and Balance Transfers
- Purchases: Standard APR is 21.89%.
- Cash Advances: Higher APR of 22.97%.
- Balance Transfers: Typically the same rate as cash advances.
- Grace Period: 21 days without interest if the balance is paid in full.
Carrying a balance results in interest charges based on these rates. Checking statements regularly helps track how these charges apply.
Fees and Charges
- Annual Fee: Most Walmart credit cards have no annual fee.
- Late Payment Fee: Charges apply if the minimum payment is not made on time.
- Foreign Transaction Fee: A small percentage is added when making purchases in another currency or country.
Customer Support
For assistance, Walmart Credit Card customer service is available at 1-888-331-6133, operating 8 AM to 10 PM EST on weekdays and until 9 PM on Sundays.
For lost or stolen cards, call 1-888-925-6218 immediately. Mail inquiries can be sent to P.O. Box 187, Orangeville, ON L9W 2Z6.
Disclaimer
This information is for general guidance. Always review the official terms and conditions before applying.
Conclusion
Walmart Credit Card offers valuable benefits for those who frequently shop at Walmart, including cashback rewards, special financing options, and additional cardholder protections.
With no annual fee and straightforward eligibility requirements, the application process is easy to navigate. Always review the official terms before applying to ensure the card is the right fit for your needs.