Walmart serves millions of shoppers daily, offering a wide range of products at competitive prices. Customers shopping in-store or online can access significant savings.
The Walmart Credit Card can increase savings on purchases. To get the card, follow a straightforward process. This guide breaks down the application process, the card’s features, and how it works.
Walmart Credit Card: Options and Benefits
Walmart operates globally, offering a variety of products. Its credit card options help manage everyday expenses effectively.
Choosing the right card maximizes savings through cashback and rewards while keeping fees low. The wrong card can lead to unnecessary costs and missed benefits.
Walmart Credit Card Types
Walmart offers two credit card options, each catering to different shopping needs. Both cards provide specific benefits for an enhanced shopping experience.
Capital One Walmart Credit Card
The Capital One Walmart Credit Card, managed by Mastercard, has no annual fee. It offers a competitive cashback system:
- 5% back on Walmart.com and Walmart app purchases, including Grocery Pickup and Delivery.
- 2% back at Walmart stores, Walmart & Murphy USA fuel stations, and restaurants.
- 1% back on all other purchases.
This card includes online management tools to track spending, rewards, and payments. Additional perks include Capital One’s concierge services, travel insurance, and extended warranties. It’s available to those with good credit, making it ideal for frequent online Walmart shoppers.
Walmart Rewards Credit Card
The Walmart Rewards Credit Card, similar to the Capital One version, has no annual fee but is limited to Walmart purchases. It offers:
- 5% cashback on Walmart.com and Walmart app purchases.
- 2% cashback at Walmart stores and Walmart-affiliated restaurants.
- 1% cashback on in-store purchases at Sam’s Club and affiliated gas stations.
Its Benefits
Walmart credit cards offer features that improve the shopping experience through cashback rewards, financing options, and security benefits.
Cashback Rewards
Cardholders earn cashback on purchases, with higher rates on categories like groceries and fuel.
Cashback can be used to reduce the statement balance, providing an easy way to save. Tracking rewards is straightforward through the account management system.
Special Financing
Certain purchases qualify for special financing, allowing payments to be spread over time without interest if paid within the promotional period.
This is helpful for larger purchases such as electronics or appliances. Timely payments are important to avoid interest charges. Reviewing the terms ensures full understanding.
No Annual Fee
These cards have no annual fee, eliminating extra costs. This makes them a cost-effective choice for frequent Walmart shoppers.
Additional Cardholder Benefits
Walmart credit cards offer extra protections and perks beyond payment convenience:
- Zero Liability Protection – Covers unauthorized transactions.
- Balance Protection Plan – Assists in cases of critical illness, disability, or job loss.
- Extended Warranty Plan – Adds up to three years of coverage on eligible purchases.
- Purchase Assurance Protection – Covers theft, loss, or damage within 90 days.
- Mastercard Global Services – Provides emergency cash and card replacement worldwide.
Application Process and Eligibility
Walmart credit cards have specific requirements and a simple application process. Meeting these criteria improves the chances of approval.
- Age and Residency: Applicants must be at least 18 years old, though some regions may require a minimum age of 19. A valid residential address in the area where the card is issued is necessary, and proof of residency may be required.
- Credit Score Considerations: A fair to excellent credit score increases the chances of approval. A solid credit history helps lenders evaluate payment behavior. Checking your credit score in advance helps prepare for the application process.
Walmart Credit Card Online Application
Applications for a Walmart credit card can be submitted online or in-store through the official website. On the website, selecting “Apply Now” opens the online form. In-store, paper applications may be available upon request.
Completing the Application
The application form asks for personal details like name, address, date of birth, employment, and income information.
Accuracy is crucial to avoid delays. Reviewing the terms and conditions before submitting ensures full understanding. Once submitted, a confirmation message is sent.
Required Documents
To complete the application, the following documents may be needed:
- Proof of identity (driver’s license, passport)
- Social Security Number (SSN) or equivalent
- Proof of income (pay stubs, tax documents)
- Residential address verification (utility bill, lease agreement)
- Employment details (employer’s name, contact information)
- Bank account information for verification, if required
Having these documents ready speeds up the process.
Using Your Walmart Credit Card?
The Walmart credit card offers flexibility for both in-store and online purchases. Here’s where and how you can use it.
In-Store and Online Usage
The card is accepted at all Walmart stores, making it easy to manage everyday purchases. It works seamlessly with Walmart’s online platforms, allowing for smooth home delivery and pickup transactions.
The card simplifies payments and automatically applies rewards. Security features protect transactions both in-store and online.
Acceptance Beyond Walmart
The Walmart credit card is recognized at many retailers beyond Walmart. It is accepted online at various digital marketplaces, allowing you to use the card at different locations and maximize its benefits.
Interest Rates and Fees
Understanding credit card terms helps you manage finances better. It’s important to know the interest rates and potential fees.
APRs for Purchases, Cash Advances, and Balance Transfers
The standard interest rate for purchases is 21.89%. For cash advances, the rate is 22.97%.
Interest will accumulate if you carry a balance based on these rates. There’s a 21-day grace period where no interest is charged if you pay the balance in full.
Balance transfers usually have the same rate as cash advances. Check your statement to see how these rates affect you.
Explanation of Fees
- Annual Fee: Most Walmart credit cards don’t have one.
- Late Payment Fee: If you miss a payment, a penalty fee will be added to your balance.
- Foreign Transaction Fee: A small percentage is charged when making purchases in another country or currency.
Customer Support
For assistance, Walmart Credit Card customer service can be reached at 1-888-331-6133, available from 8 AM to 10 PM EST on weekdays and until 9 PM on Sundays.
For lost or stolen cards, call 1-888-925-6218 immediately.
Mail inquiries should be sent to P.O. Box 187, Orangeville, ON L9W 2Z6.
Disclaimer
This information is for general guidance. Always review the official terms and conditions before applying.
Conclusion
The process to apply for a Walmart credit card is simple. Whether applying online or in-store, it’s a straightforward process.
Ensure your information is accurate to avoid delays. Use the card wisely to manage purchases and take advantage of the benefits.
