myWalgreens Credit Card review: Earn cashback with $0 annual fee
In this myWalgreens Credit Card review you will see how this card allows you to earn multiple high rewards.
Exceptional rewards on healthcare and wellness purchases with your myWalgreens Credit Card
In our myWalgreens Credit Card review, we’ll explore this card’s exceptional rewards on healthcare and wellness purchases and instant redemption at Walgreens.
- Credit Score: Good to Excellent (670-739)
- APR: 22.49%, 28.49% and 31.49% Variable
- Annual Fee: $0
- Fees: $10 or 5% cash advances have a fee (whichever is greater), 3% foreign transaction fee.
- Welcome bonus: $25 Walgreens Cash rewards when eligible cardholders open an account and make their first purchase within 45 days.
- Rewards: 10% Walgreens Cash rewards on eligible Walgreens branded purchases, 5% on other eligible Walgreens brands and pharmacy purchases, 3% on eligible grocery and health & wellness purchases and 1% everywhere Mastercard is accepted.
The myWalgreens Credit Card is best for frequent shoppers at Walgreens, pharmacies, and those with significant healthcare costs looking for exceptional rewards.
Read on and learn more about this card to find out if it is the right one for you.
myWalgreens Credit Card: how does it work?
If you’re a frequent shopper at Walgreens, the myWalgreens Credit Card may be a good fit for you.
This card has exceptional rewards on Walgreens purchases, as well as above-average rewards on grocery, healthcare, and wellness expenses. Also, it has the potential to earn you significant cash back.
However, keep in mind that the rewards can only be redeemed at Walgreens, limiting your options for redemption.
While the myWalgreens card lacks major extra benefits and an intro APR, it does come with $0 fraud liability.
It also gives you access to your credit score and the ability to redeem rewards instantly at Walgreens checkout.
One of the unique features of this card is its ability to earn rewards on healthcare and wellness expenses. This is not common among other credit cards.
Although there are a few other cards on the market that offer elevated earnings in these areas, the myWalgreens card provides a broad range of qualifying healthcare and wellness expenses.
To maximize your cash-back earning potential, we suggest pairing this card with another credit card that earns at least 2% cash back on all other purchase categories.
So if you frequently shop at Walgreens and have significant health care costs, the myWalgreens Credit Card could be an excellent choice for you.
Just be sure to read the fine print and understand the limitations of the card’s reward redemption options.
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Significant benefits and disadvantages you may find
And here is the part of our myWalgreens Credit Card review where we get to clearly compare this card’s pros and cons. Have a look at the list of benefits and disadvantages below.
- Exceptional Walgreens rewards (10% cashback)
- No annual fee
- Instant rewards redemption at Walgreens
- Unique rewards for healthcare expenses
- Rewards limited to Walgreens
- No major extra benefits
- No introductory APR
- Fewer rewards than other cards
Is a good credit score required for applicants?
Yes, it does. To apply for the myWalgreens Credit Card you must have a credit score of 670 to 739 FICO points. This generally falls within the categories of Good to Excellent.
Learn how to apply and get a myWalgreens Credit Card
Ready to take advantage of the exceptional rewards offered by the myWalgreens Credit Card? Follow our easy application guide by clicking the link below.
About the author / Danilo Pereira
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