Why Credit Cards from Walmart are the Best? Grab Them Before They’re Gone!
“Time is of the essence”, especially when it comes to dealing with credit cards. There’s always a sense of pressure to use them wisely and make timely payments. But in a sea of options in Canada, choosing the right credit card can be overwhelming.
In this quest, the credit cards Walmart offers seem to have unbeatable rewards and perks that you can count on!
So, join us as we uncover almost everything about Walmart credit cards! Not only this, we’ll guide you on what to choose and what not!
A Brief About Walmart
Walmart is a huge retail company started by Sam and James “Bud” Walton in 1962. It’s known for its many renowned stores selling different categories of products, like clothes, electronics, food, and more.
They have stores all over the world and are famous for their affordable prices. But in Canada, there are 403 Walmart stores, as of January 31, 2024. Moreover, in 2022, the company held a 7.5 percent share of the grocery market in Canada.
What Are Your Options with Credit Cards from Walmart?
There are two main types of credit cards that Walmart offers.
While both cards have a $0 annual fee, $0 fraud liability, and security alerts, they are different from each other.
Let’s have a look at their features and benefits!
Walmart Rewards Credit Card
This credit card from Walmart is primarily designed for frequent Walmart shoppers. It’s suitable for those who wish to earn rewards on their Walmart purchases.
But, here are some of the features that make it different from the Capital One Walmart Reward Card:
1. Restricted Use
The card can only be used at Walmart stores, both physical locations and online at Walmart.com. It’s not accepted at other retailers or for general purchases outside of Walmart.
2. Credit Requirement
For purchasing the card, the credit requirements are generally more accessible to individuals with fair or average credit scores. Since it’s a store card, the credit standards may not be as strict as those with Capital One Walmart Reward Credit Card.
3. Cashback Offers
The card allows you to earn rewards in the following ways:
- Up to 5% cashback on Walmart purchases (including pick-up and delivery) through Walmart.com or the Walmart Mobile App.
- 2% cash back on purchases at Walmart stores in the US and Puerto Rico, as well as at Walmart and Murphy USA gas stations.
- An additional 3% back when using ‘Walmart Pay’ for purchases at Walmart stores during the first 12 months after opening the account, totaling 5%.
- 2% back on in-store purchases at Sam’s Club and Sam’s Club gas stations.
For more information, please refer to the official brochure from here.
4. Limited Benefits
While the card offers appealing rewards, it lacks some of the additional benefits that are found in the ‘Capital One’ version. These could include perks such as travel rewards and restaurant discounts.
Capital One Walmart Rewards Credit Card
This credit card from Walmart offers the following features to its customers:
1. Cashback Offers
You can earn cashback through various means:
- Receive up to 5% cashback on purchasing products online (including delivery and pick-up) via Walmart.com or the Walmart Mobile App.
- Get 2% cashback on purchases at Walmart stores in the US and Puerto Rico, as well as at Walmart and Murphy USA gas stations.
- Enjoy an additional 3% cashback during the initial 12 months when utilizing ‘Walmart Pay’ for purchases at Walmart stores, bringing the total to 5%.
- Earn 2% cash back on purchasing gift cards at Walmart, whether online, via the app, using Walmart Pay, or in-store.
- Earn 1% cashback on in-store purchases at Sam’s Club and Sam’s Club gas stations.
- In case you’re approved for ‘Capital One Card’, you’ll get 2% cash back on travel and dining purchases and 1% cash back on all other purchases.
For more information, please refer to the official brochure from here.
2. No Annual Fees
Like its counterpart ‘Walmart Rewards Card’, the ‘Capital One Card’ charges no annual fee, making it an affordable option. This simply means that cardholders are not required to pay a yearly fee for holding and using the credit card.
This feature is attractive because it allows them to enjoy the card’s benefits without incurring any additional cost simply for ownership. The cardholders can save money without any annual fee, especially if they don’t use the card frequently. This feature also makes the card more accessible to a wider range of people, especially those who are struggling with their finances.
3. Flexibility In Redemptions
Thanks to the flexible redemption options of the card, cardholders can get the most out of their rewards. They can do so by the following means:
- Redeem For Cash: If you need some extra cash, you can easily redeem your cash rewards. Whether you prefer to receive a check in the mail or apply your rewards as a statement credit, the choice is yours.
- Cover Purchasing Cost: If you find something special at Walmart.com, you can use your rewards to cover the cost. With just a few clicks, you can apply your rewards during checkout and watch your purchasing cost shrink.
- Gift Cards: In case you are looking for a perfect gift for your friend or loved ones, you can redeem your reward points at Walmart or other retailers.
- Travel: Your rewards can also take you on a world tour. Just redeem your rewards for flights, hotels, rental cards, and more.
4. Seamless Digital Management
The advanced monitoring systems of the company send you immediate notifications, texts, and emails in case of any suspicious activity.
Moreover, with the ‘Capital One Mobile App, you can have good control over your finances. From paying your bill to checking your balance and transaction history, everything you need will be right at your fingertips.
In the unfortunate event that your card is lost or stolen, the company offers $0 Fraud Liability. This means that you will not be held responsible for any unauthorized usage of your credit cards.
The company also offers a ‘Card Lock’ feature for people who have misplaced or lost their card. With a few taps on their phones, they can easily lock their cards, either temporarily or permanently.
Which Credit Card from Walmart to Choose?
Choosing between the Capital One Walmart Rewards Card and Walmart Rewards Cards depends on your preferences and where you shop most.
The ‘Capital One’ gives you rewards on purchases not just at Walmart but also at places like restaurants and for travel. It offers more flexible ways to use your rewards, like travel discounts, dining, and more.
The ‘Walmart Rewards Card’, on the other hand, is focused on giving your rewards specifically for shopping at Walmart, both in-store and online. It’s perfect if you are a frequent Walmart shopper and want to earn rewards on those purchases.
So, think about where you spend the most and what rewards and features matter most to you. If you shop at Walmart a lot and want rewards there, go for the ‘Walmart Rewards Card’. But if you want more flexibility and extra perks, the ‘Capital One Walmart Rewards Card’ might be the better fit.
Here’s the comparison table between the two cards so that you can make a wise decision:
| Parameters | Walmart Rewards Card | Capital One Walmart Rewards Card |
| Penalty Fees (Late Payment) | Up To $39 | |
| Annual Fee | $0 | |
| APR | 29.99% | 19.48% OR 29.99% |
| Welcome Bonus | 5% Cashback For 1st 12 Months By Paying With ‘Walmart Pay’. | |
| Additional Benefits | NA | Cashback On Travel, Dining, & All Other Purchases |
| Transaction Fees | NA | Transfer: 3% of the amount of each transferred balance. Cash Advance: Either $3 OR 3% of each cash advance (whichever is greater). |
The Bottom Line
In conclusion, whether you are a loyal Walmart shopper or someone who loves earning rewards wherever you go, there’s a Walmart credit card that’s perfect for you.
Don’t miss out on these great options – grab the one that fits your lifestyle – the clock is ticking!
