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Is Walmart Rewards card only for Walmart

However, like all credit cards, you must be careful about using it and make sure you are making payments regularly. This will help you to avoid interest and get the most out of your Capital One Walmart Rewards Mastercard.

With no annual fee and access to a higher credit limit after you make your first five payments on time, it’s a worthy choice for building your credit. Applicants with credit scores hovering in the very high 500s have been approved for the Walmart credit card, and applicants with credit scores in the 600s have gotten the Walmart Mastercard.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. If for any reason your account is not transferred to Capital One, Synchrony Bank will communicate with you as necessary to continue to administer and service your account. To find the nearest Walmart location, use Walmart’s online store locator. See our review of the Bank of America Customized Cash Rewards card for more information. You can also redeem your points for travel through Capital One’s travel portal.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Although you can redeem your rewards for travel through Capital One, this isn’t a travel card. If travel benefits are what you’re after, you should check out travel rewards cards instead. 6 The portion of your credit line that can be paid to your cards will be reduced by the amount of the annual fee. HelpMeBuildCredit was founded by credit pros to help every credit card user understand & improve their credit.

What You’ll Need For The Application

When you use the card to pay your monthly wireless bill, you’re eligible for cell phone protection against covered theft or damage, up to $800 per claim and $1,000 per covered card per 12-month period. There’s a $50 deductible per claim and a maximum of two claims per 12-month period. Identity theft is an ongoing concern, but when you have the Capital One Walmart Rewards® Mastercard®, you’re eligible for complimentary access to a suite of identity theft online resolution services. These include identity monitoring, dark web scanning, credit bureau monitoring, and lost wallet assistance.

Current Walmart cardholders will be converted to one of the two new cards and can start earning the rewards Oct. 11 with Walmart Pay before the new cards arrive beginning in November, according to the news release. If you’re already a Walmart cardholder, you can can keep using your card until the new ones are mailed, and the new rewards system launches for everyone on October 11. Interest rates for the Mastercard will be between 17.99% to 26.99%, while the store-only card will have an interest rate of 26.99%. In general, to build your chances of a limit increase, you should attempt to make small purchases every month, trying not to go over 80% of your limit.

Rewards Rate itself advertises free shipping, but only on purchases of $35 or more. Other store cards, like the Target REDcard™ Credit Card, offer free shipping to cardholders on all eligible items, no minimum purchase required.

  • However, if purchases at only comprise a small portion of your shopping budget, a general cash back credit card may be a better option for you.
  • We estimate that our sample household spends $6,692 on groceries, earning $334.60 in cash back per year.
  • Prime also offers free same-day, one-day and two-day shipping on thousands of items with the “Prime” shipping offer.

Stores use reward programs as one way to keep customers coming back and make them loyal to the store. The stores decide how the program works based on who they want to reach. It can be seasonal or run all year, be for a specific product or all products, or be based on a particular purchase or the total purchase. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. To ensure you never miss a payment, add your Walmart Credit Card to your Tally account.

This means that you will not be responsible for any fraudulent purchases made on the card. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves.

We may be compensated when you click on links from one or more of our advertising partners. You can use your Walmart credit card at Walmart Stores, Walmart Super Stores, Sam’s Clubs,Walmart Neighborhood Markets,, Murphys USA Gas Stations and Walmart Gas Stations. [newline]There is no limit on the amount of rewards you can earn, and they do not expire while your account is active. But once your account is closed, you will lose any rewards you haven’t redeemed. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.