Walmart and Capital One has partnered together to release a new Mastercard that allows you to earn up to 5% back on store and online purchases.
Read below to find out if the Capital One Walmart Rewards Credit Card is a good deal.
Capital One Walmart Card Review
If you shop at Walmart stores or Walmart.com, you can earn between 2% and 5% back on purchases.
Listed below is card details:
- Annual Fees: No annual fees
- Rewards:
- Unlimited cash-back earnings of 5% on online
- 2% back on Walmart store purchases
- 2% back on restaurant and travel purchases
- 1% bank everywhere
- Sign Up Bonus: 5% back on in-store purchases for the first 12 months
- APR: Variable rate of 17.99%, 23.24% or 26.99%, based on credit
- Late Fees/Penalties: Up to $39
- Retail Protections:
- Fraud liability of $0
- Security alerts
- Extended warranty
- Purchase protection
Advantages/Disadvantages of Capital One Walmart Card
Take a closer look at the advantages and disadvantages.
Advantages
- High Cash-Back Rewards
- Walmart Rewards Mastercard allows you to earn between 2% and 5% cash-back rewards rates. Everyday card spending earn you 1% to 2% cash-back rewards, too.
- Low Fees
- The Walmart Rewards Mastercard has no annual fee. You can avoid the late payment penalty of up to $39 by making your payments on time.
- Great for Travel
- No foreign transaction fees. Cardholders can take advantage of Mastercard’s travel benefits and protections, including:
- Car rental collision damage waiver insurance
- Travel accident and emergency medical insurance
- Trip cancellation insurance
- Lost, damaged or delayed baggage insurance
- No foreign transaction fees. Cardholders can take advantage of Mastercard’s travel benefits and protections, including:
Disadvantages
- Better Rewards for Online Purchases
- The card gives you 5% back on online purchases but only 2% back on in-store shopping.
- No Free Shipping or Extended Returns Perks
- Many of store credit card offers include special customer perks, however the Walmart Mastercard does not have these special perks.
- High-Interest Rate
- The Capital One Walmart credit card has a variable rate of 17.99%, 23.24% or 26.99%, depending on your credit score. In order to avoid having to pay this interest, you must pay your credit card bill in full every month.
How to Apply for the Capital One Walmart Card
To apply for this card you must be a U.S. resident and at least 18 years old. You must provide the following info:
- Name
- Date of birth
- Social Security number
- Citizenship status
- Residential address
- Phone number
- Employment status
- Annual income
- Monthly mortgage or rent amount
- Bank account types held
Author’s Verdict
The Capital One Walmart Card allows you to earn rewards when you shop at Walmart or anywhere else is easier then ever!
Hopefully the above information helps you understand how Capital One Walmart Cards work.
Also be sure to check out our own lists of bank promotions and CD tables!
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