Capital One Walmart Rewards® Mastercard® overview
If Walmart is your most well-liked buying vacation spot, the Capital One Walmart Rewards® Mastercard® is aimed squarely at you.
With 5% again on Walmart gadgets on-line and a couple of% again on eating and journey, this card has a stable return on on a regular basis purchases — however like different related retailer playing cards from Amazon and Goal, ensure you’re model loyal earlier than making use of. Card Ranking*: ⭐⭐⭐
*Card Ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Whereas Amazon is perhaps thought-about the shop that sells all the things, you might be stunned to know that Walmart is definitely the biggest retailer on the earth in terms of general income.
With hundreds of important gadgets on-line and in-store, you might very nicely store at Walmart — and nowhere else.
In the event you fall into this demographic, then it’s price taking a better take a look at the Capital One Walmart Rewards Card for its stable earnings potential. Whereas there are another cash-back playing cards which can be additionally price contemplating, let’s take a deeper dive into this Capital One Walmart card to see if it aligns together with your way of life.
The data for the Capital One Walmart Rewards Card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Who is that this card for?
In case your neighborhood Walmart or Walmart.com is your go-to buying vacation spot, then this card may very nicely be a match for you. The large-box behemoth — the world’s largest retailer — sells practically all the things.
A serious caveat and albeit, a draw back, is that to obtain the complete 5% again on Walmart purchases after the primary 12 months, it’s a must to both store at Walmart.com or order groceries on-line for pickup or supply.
Join our every day publication
Associated studying: How to make sure you earn bonus factors for grocery purchases
If that doesn’t sound such as you, there are higher long-term cash-back card alternate options — or methods to pair this card with one other (which we’ll get to shortly) to get an even bigger bang on your buck.
On the constructive aspect, this card doesn’t have any overseas transaction charges, and whereas not technically a journey card, it does provide 2% again on eating and journey purchases.
The cardboard is meant for these with “good” to “wonderful” credit score.
Our conclusion is that this Capital One card is a distinct segment — however nonetheless stable — product for Walmart regulars who aren’t set on all the time buying the shop in-person.
The sign-up bonus on the Capital One Walmart Rewards Card isn’t essentially the most thrilling but it surely does offer you elevated earnings on purchases in-store.
You’ll get 5% again at Walmart shops for the primary 12 months if you use your Walmart Rewards card with Walmart Pay. After the primary 12 months, that can change into 2% again — the usual cash-back charge for getting something in-store at Walmart.
Let’s say you spend a median of $300 per thirty days in-store. That 5% again yearly comes out to $180, whereas 2% again is $72. With this welcome provide, you’d basically be incomes $108 over the course of the primary 12 months of card possession.
There isn’t a introductory 0% APR or cash-back provide on this Walmart Rewards card.
Incomes, perks and advantages
The most important draw right here is the 5% limitless money again at Walmart.com, together with grocery pickup and supply.
As well as, the Walmart card provides elevated earnings on choose bonus classes. Get 2% again at eating places and on journey, in addition to 2% again in Walmart shops and at Walmart and Murphy USA gas stations. You’ll obtain 1% again anyplace else Mastercard is accepted.
As talked about, in-store Walmart purchases internet 5% for the primary 12 months of card possession so long as you additionally try with a smartphone and Walmart Pay.
- 5% again on purchases made at Walmart.com or within the Walmart cell apps.
- 2% again on purchases made at Walmart shops within the U.S. and Puerto Rico, and at Walmart and Murphy USA fuel stations.
- Extra 3% again if you use Walmart Pay for purchases made at Walmart shops for the primary 12 months from account opening, for a complete of 5%.
- 2% again on the acquisition of present playing cards at Walmart (on-line, app, Walmart Pay and in shops).
- 1% again all over the place else.
With this Capital One Mastercard, you not solely can use this card anyplace Mastercard is accepted, but in addition get a number of normal advantages:
- No overseas transaction charges: No charges when making a purchase order exterior the US.
- Complimentary concierge service: Get customized assist with eating, leisure and journey.
- Prolonged guarantee: Get extra guarantee safety on eligible gadgets which can be bought together with your card.
- 24-hour journey help providers: In case your card is misplaced or stolen, you may get an emergency alternative card and a money advance.
- Journey accident insurance coverage: Obtain computerized insurance coverage for a coated loss if you use your card to buy journey.
Learn how to redeem
With this Capital One Walmart Rewards Card, you technically earn factors that are price a penny every that may be redeemed in any quantity at any time. This flexibility is especially helpful since some playing cards require that you just hit a minimal threshold earlier than being allowed to redeem.
Your choices embrace:
- Assertion credit score: Apply rewards as a press release credit score towards your account stability.
- Cowl a purchase order: Use rewards towards any latest buy you made together with your card.
- Reward playing cards: Redeem for present playing cards from Walmart or different retailers.
- Redeem for journey: Redeem for journeys and journey purchases you make utilizing your card.
Different playing cards to think about
There are different no-annual-fee, cash-back card choices to think about with different retailers and banks. With a few of these playing cards, such because the Chase Freedom Flex℠, you have got the choice of mixing rewards in direction of a extra profitable transferable foreign money reminiscent of Chase Final Rewards factors in the event you additionally maintain the Chase Sapphire Most well-liked Card, the Chase Sapphire Reserve or the Ink Enterprise Most well-liked Credit score Card.
Amazon Prime Rewards Visa Signature Card
You’ll be able to’t discuss Walmart with out mentioning mega-retailer Amazon. With 5% again on Amazon and Entire Meals purchases and a couple of% again at eating places, fuel stations and drugstores, this can be a card that is sensible for Amazon and Entire Meals fanatics.
The data for the Amazon Prime Rewards Visa Signature Card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Goal is one other superstore with a big number of merchandise. With this card, you get a 5% low cost on Goal purchases — each in-store and on-line — which might prevent a reasonably penny. Plus, cardholders get 5% off at Starbucks areas inside Goal plus free two-day transport. In contrast to the Walmart card, your 5% does embrace in-store purchases however there are not any different class bonuses.
The data for the Goal REDcard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Citi® Double Money Card
Overlook bonus classes and retailer playing cards for a second. One easy and rewarding cash-back card is the Citi Double Money Card. This card earns you 2% money again (1% if you purchase after which one other 1% as you pay). There’s no restrict and you may even flip your money again into Citi ThankYou factors when mixed with a card just like the Citi Premier® Card.
Chase Freedom Flex
In the event you don’t thoughts retaining monitor of quarterly bonus classes and spending caps, you may get quite a bit out of the Chase Freedom Flex’s rotating 5-point-per-dollar bonuses (as much as the primary $1,500 spent every quarter you activate).
The bonus classes are sometimes worthwhile for that season and simple to maximise. Plus, when you’ve got a card that earns Final Rewards factors (such because the Chase Sapphire Most well-liked Card), you’ll be able to mix factors and maximize earnings even additional.
Walmart has been a rotating class within the fourth quarter (October to December) annually between 2020 and 2022, which is sweet timing for vacation purchases.
Will my Walmart Rewards ever expire?
No, your Walmart Rewards won’t ever expire. Nonetheless, in case your account is closed, you’ll lose any rewards you haven’t redeemed.
Is there a restrict to the quantity of Walmart Rewards I can earn?
No, there isn’t a restrict to the quantity of rewards you’ll be able to earn on purchases.
How do I redeem Walmart Rewards for earlier purchases?
To redeem Walmart rewards after making your buy, you’ll be able to go surfing to walmart.capitalone.com or go to the Capital One cell app to redeem factors and obtain an account credit score. Redemptions have to be made inside 90 days from the date your buy posts to your account. Partial redemptions are additionally allowed.
The Capital One Walmart Rewards Card isn’t breaking new floor, but it surely’s a stable, middle-of-the-road possibility for Walmart fanatics.
Capital One and Walmart are actually focusing on cell app customers and internet buyers with these bonus classes. As such, there are a few hoops to leap by means of to totally maximize the cardboard, and a few drawbacks, reminiscent of the shortcoming to earn 5% again in-store after the primary 12 months.
Nonetheless, that is nonetheless an honest card to have with virtually something you ever wish to purchase out there by means of Walmart’s on-line channels because it pushes to compete with Amazon.
Extra reporting by Ryan Wilcox.