Capital One Walmart Rewards® credit card review: Get up to 5% cash back at Walmart
The Capital One Walmart Rewards® givest you up to 5% cash back at Walmart, unlimited 2% cash back at restaurants and travel, and convenient redemption options.
Unlimited 2% cash back at restaurants and travel and convenient redemption options
If you are a frequent Walmart shopper, this Capital One Walmart Rewards® review is for you! Learn how you can earn 5% cash back on Walmart online purchases, plus at Walmart physical stores for the first 12 months.
- Credit Score: Good – Excellent
- APR: 17.99% – 26.99% variable
- Annual Fee: $0
- Fees: 3% for balance transfers, 3% or $10 for cash advances (whichever is greater)
- Welcome bonus: 5% cash back at Walmart stores for the first 12 months
- Rewards: 2% cash back at Walmart Stores, Walmart & Murphy USA Fuel Stations, restaurants, and travel, and 1% back on all other purchases.
After the first 12 months, you still get a 2% cash back reward at Walmart stores. Not to mention restaurants, travel, Walmart & Murphy USA Fuel Stations, and 1% back on all other purchases.
Capital One Walmart Rewards® credit card: how does it work?
The big catch to the Capital One Walmart Rewards® credit card is that the 5% cash back has a specific requirement: for your purchases to be online.
Yes, you still get to shop at Walmart’s physical stores with your card. However, the 5% cash back only applies to physical stores during the first 12 months.
After that, you will get 5% cash back on purchases via Walmart.com. From that point on, all purchases you make at Walmart stores will earn you 2% cash back.
So this card is a powerful savings tool if you are a die-hard online shopper at Walmart.com. If you are looking for better rewards at Walmart’s physical stores, there are other cards better suited to that.
With this card, you also get other benefits such as price protection, which gives you the right to get reimbursed for the price difference of eligible items.
In addition to that, you get an extended warranty of additional 2 years, premier access to sports events and concerts, cell phone insurance, auto rental insurance coverage, and more.
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Significant benefits and disadvantages of the Capital One Walmart Rewards®
Time to put the pros and cons side by side to get a clear picture of the upsides and downsides of this card on this Capital One Walmart Rewards® review.
Have a look and decide which carries the greatest weight for you.
- No annual fee
- Up to 5% cash back at Walmart
- 2% cash back at restaurants, travel, and more
- No foreign transaction fee
- No intro APR offer
- Potentially high APR depending on creditworthiness
- Low base reward rate of 1%
Is a good credit score required for applicants?
The Capital One Walmart Rewards® credit card requires a Good to Excellent credit score for you to apply. This means you must have a 670-point or superior credit score.
Learn how to apply and get a Capital One Walmart Rewards® credit card
Like what you see? If so, you might want to consider applying for the Capital One Walmart Rewards® credit card. We have prepared a complete walkthrough of the application process to help you with that.
Just hit the link below, and we will take you there.
About the author / Danilo Pereira
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