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Capital One Walmart Rewards® Mastercard®

Cash Back Rewards

Rewards Value
star 4
Features
3
APR
3
Rewards Flexibility
3
Issuer Customer Experience
3

Rewards Rate

5%

cash back when using Walmart.com or the app for delivery or pickup purchases only

2%

cash back for purchases at Walmart stores in the U.S. and Puerto Rico, as well as at Murphy USA gas stations

3%

additional cash back (totaling 5%), when using Walmart Pay for purchases within the first 12 months at Walmart Stores

2%

cash back when purchasing gift cards through Walmart

1%

cash back on purchases made at Sam’s Club and its gas station

Welcome Bonus

This credit card comes with a 12-month introductory offer of 5% cash back when using it to make purchases through Walmart Pay (applicable either via phone or at Walmart stores).

APR

or 17.99-29.74% Variable APR

Pro & Cons

  • pros icon No annual fee
  • pros icon Earn between 1% and 5% cash back on qualifying purchases
  • pros icon Multiple ways of earning cash back
  • pros icon Ability to redeem rewards for travel
  • cons icon Potentially high variable interest rate
  • cons icon Introductory offer only lasts 12 months
  • cons icon Good credit or better required

Capital One Walmart Rewards® Mastercard®

The Capital One Walmart Rewards® Mastercard® is a credit card designed for individuals who shop at Walmart on a regular basis. This card comes with several key features, including high cash back rewards and no annual fee, making it a solid choice for those with good credit or better. Even people who do not qualify for this card could still be eligible for the Walmart Rewards Card.

Cash back

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6
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Rewards variety

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5%

by selecting two categories such as food, utilities, electronics, internet, gyms, or furniture for each calendar quarter.

2%

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Cash back

Capital One Quicksilver Secured Cash Rewards

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6
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cash back when using Capital One Travel to book a rental car or hotel

1.5%

cash back on everyday purchases

Travel

Capital One SavorOne Cash Rewards

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8
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Variable Rate Cash Back Rewards

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10%

cash back on select purchases (through Uber and Uber Eats) — good through November 14, 2024

8%

cash back on Capital One Entertainment purchases

5%

cash back on rental cars and accommodations purchased through Capital One Travel

3%

cash back on qualifying entertainment purchases, dining, groceries, and popular streaming services

1%

cash back on other purchases

$200

cash bonus when you spend at least $1,000 within 3 months of opening an account

0%

introductory APR on both balance transfers and purchases made in the first 15 months

Rewards Redemption

With the Capital One Walmart Rewards Mastercard, redeeming your rewards is simple. For example, you can use all or some of your cash back when checking out online. If you do this, Capital One will usually credit your account within a couple of business days, though it may take up to 60 days to process.
If you’ve already made a purchase using this credit card, you can log into the Capital One mobile app or go to walmart.capitalone.com to redeem your points. You will then receive an account credit. These redemptions must be made no more than 90 days from when you made the purchase.
You can also choose to redeem your rewards in the form of a check, gift card, or travel. Rewards do not expire unless the account is closed.

Terms, Rates and Fees

The Capital One Walmart Rewards Mastercard comes with a variable rate of either 17.99% or 29.74%, depending on creditworthiness and the current prime rate. It also comes with a minimum credit line of $300.
Although there is no annual fee, there are other fees to be aware of. This includes a 3% transfer fee and a 3% or $3 cash advance fee (whichever is greater). There’s also a late payment fee of $39.
As with other credit cards, cardholders will need to make a monthly minimum payment based on their current balance. If the balance is less than $28, the minimum payment will be the full balance amount. Otherwise, the balance will be 1% of the current balance plus any late payment fees or interest charges.
All in all, this card’s terms and fees are fairly standard.

Maximize Benefits and Avoid Fees

  • Take advantage of Walmart Pay. This card comes with a first-year value in the form of its 12-month introductory bonus of 5% cash back on all purchases via Walmart Pay. Say, for example, you spend $500 a month for 12 months and earn 5% cash back. That equates to roughly 30,000 points or $300 a year in cash back.
  • Pay off your full balance. To avoid interest charges, pay off your entire balance each month.
  • Avoid cash advances. Cash advances come with their own fees, so try to avoid using this credit card for that purpose.
  • Use the cash back rewards. Use this card for Walmart pickup and delivery, dining, travel, and everyday purchases to get the most ongoing value.

How to Apply

Here’s how to apply for the Capital One Walmart Rewards Mastercard:

  • Go to Capital One’s main website, hover over “Credit Cards,” and select “Compare all cards.”
  • Scroll down until you find the “Capital One Walmart Rewards Mastercard.” Select it to be taken to the card’s information page.
  • Review the information, then select “Apply Now” when you’re ready to start the application. You can also get preapproved without affecting your credit score.
  • On the first page, you’ll see a comparison between the Capital One Walmart Rewards Mastercard and the standard Walmart Rewards Card. Review them both carefully to see which is best for you. Then, select “Continue to My Application.”
  • This will take you to a new page that will ask for your full name, date of birth, citizenship information, SSN, physical address, email address, and primary phone number. You’ll also need to choose your employment status, input your annual income, bank account information, and monthly rent or mortgage payment amount.
  • Once inputting this information, scroll down and answer whether you want paperless communications and statements. At this point, you can also review the final acknowledgments and disclosures.
  • Review your information, make any necessary changes, and select “Submit Application.”

Qualification Requirements

Requirement

Description

Credit score & credit history

Good to excellent credit
No non-discharged bankruptcy.
No active credit security freezes or locks with any of the three major credit bureaus

Income

Income must be at least $425 higher than the monthly rent or mortgage payment

Job-status

Unspecified

Citizenship/residency

US citizen or permanent resident

Age

18+ with a valid SSN or ITIN

Required documents

N/A

What Makes This Card Appealing?

Perhaps the biggest reason why the Capital One Walmart Rewards Mastercard is appealing is that it comes with a tiered cash back system ranging from 1% to 5% in cash back rewards. It also comes with no annual fee and is relatively hassle-free, especially for frequent Walmart shoppers.