Capital One® Walmart Rewards® Mastercard® Review

Capital One Walmart Rewards Reviews
The Capital One Walmart Rewards card offers lucrative cash back rewards for those who frequently shop at Walmart and online. Earn 5% cash back when shopping on Walmart.com and 2% when visiting a nearby retail store.
  • Annual Fee:
    $0
  • Annual APR:
    17.99% to 26.99% Variable APR
  • Recommended Credit Score:
    670 to 850

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The Capital One® Walmart Rewards® Mastercard is a rewards card that provides customers with notable cashback opportunities and benefits.

If you are a regular Walmart shopper, you should definitely consider this card because it can potentially earn you a lot of money.

With solid rewards rates and minimal fees, take a look at what this card has to offer and how well it compares to other notable rewards cards.

Capital One® Walmart Rewards® Mastercard® Pros and Cons

Pros:

  • No annual fees
  • No foreign transaction fee
  • Competitive rewards
  • Can qualify with average credit

Cons:

  • No intro APR interval
  • Lackluster in-store shopping rewards
  • High average APR

What Is the Capital One® Walmart Rewards® Mastercard®?

The Capital One® Walmart Rewards® Mastercard is a card that aims to help regular Walmart shoppers earn great rewards and benefits.

The card is an inexpensive utility that can potentially earn you a lot of money just by doing your daily shopping.

Although the card can earn you points for in-store purchases, it offers the best rewards for online transactions.

However, the card does have a high average APR, so it is best to use this card for everyday purchases that are easy to pay off.

How Does the Capital One® Walmart Rewards® Mastercard® Work?

The Capital One® Walmart Rewards® Mastercard allows you to earn cash back rewards while shopping.

The best way to earn rewards using this card is by shopping online through the Walmart app or website.

You can earn unlimited 5% cash back online for purchases like grocery pickup and delivery, all without having to worry about extra fees.

Capital One® Walmart Rewards® Mastercard® Review

  • Annual Fee: The card does not have an annual fee.
  • Annual APR: 17.99% to 26.99% Variable
  • Rewards: The card offers unlimited daily rewards for purchases in or out of Walmart.
  • Foreign Transaction Fee: $0
  • Sign-Up Bonus: You can earn 5% cash back for purchases in Walmart stores while using this card through Walmart Pay in the first 12 months.

Capital One® Walmart Rewards® Mastercard®

Earning Rewards

Walmart offers customers competitive rewards rates when using the Capital One Walmart Credit Card. Online shopping through Walmart.com or the Walmart app can earn 5% cash back on grocery pickups and deliveries.

Additionally, you can earn 2% back at Walmart stores and restaurants, Walmart and Murphy USA gas stations, and purchases.

The card also offers 1% back on all other spendings. You can earn the most rewards for online shopping, so if you prefer in-store shopping, you may want to consider another rewards card.

Redeeming Rewards

Redeeming your rewards is simple with this card because you’re able to make it a statement credit. This way, you can apply the rewards to any purchase made on the card.

They can also be redeemed during an online check at Walmart.com, or you can pay with the points using Walmart Pay.

The rewards don’t only need to be used for shopping, however. You can use them to book travel using the Capital One portal.

Capital One® Walmart Rewards® Mastercard® Features and Benefits

The Capital One® Walmart Rewards® Mastercard offers customers solid rewards and great features for regular Walmart shoppers.

No Annual Fees

On top of the notable rewards and features the card offers, you also don’t need to worry about an annual fee.

Because the card doesn’t have an annual fee, you can earn more money without having to instantly turn on unnecessary fees.

Easily Earn Up to 5% Cash Back

When using the Capital One® Walmart Rewards® Mastercard online or using Walmart Pay, you can earn 5% back on grocery pickups and delivery.

The card also offers a sign-up that offers 5% back on all Walmart Pay purchases within the first 12 months.

Fraud Coverage

The card also offers fraud protection for any issues that may arise. That means you have no liability if something were to happen, and you won’t be charged with any additional fee.

No Foreign Transaction Fees

There are no foreign transaction fees at all. This is excellent for regular travelers who enjoy shopping at Walmart because they can earn rewards abroad while also not worrying about fees.

Convenient for Walmart Shoppers

This card is great for regular Walmart shoppers because of the many rewards and features it has to offer. You can take advantage of their sign-up bonus, which allows you to earn 5% cash back on any purchase using Walmart Pay.

You earn the most rewards from online shopping, which is convenient for many because they don’t even have to leave their home to make a purchase.

Overall, the Capital One® Walmart Rewards® Mastercard can save you time and money just by shopping at your favorite store.

How Does the Capital One® Walmart Rewards® Mastercard® Compare to Other Cards?

The Capital One® Walmart Rewards® card is great for shopping Walmart online; however, numerous other cards can earn you solid cash back rewards.

Before you decide if this is the right card for you, take a look at some of these other options to see if they better match your lifestyle.

#1. Capital One® Walmart Rewards® Card vs. Amazon Prime Rewards Visa Signature Card

The Amazon Prime Rewards Visa Signature card offers very similar benefits to Walmart’s rewards card. Although it does require annual Prime membership, there are no annual fees for the card.

You can earn up to 5% back on purchases, and it provides customers with free same-day, one-day, or two-day shipping for items with the “Prime” shipping option.

Both are solid rewards cards with similar features, so determining which is best for you depends on where you most frequently shop.

Both cards also waive foreign transaction fees which is almost unheard of for store credit cards that do not charge an annual fee.

So, whether you are an occasional traveler or are constantly on the road, both of these credit cards are affordable and easy to use. If you do plan on traveling a lot, the Amazon Prime Rewards Visa Signature offers more benefits.

#2. Costco Anywhere Visa® Card by Citi vs. Capital One® Walmart Rewards® Card

The Costco Anywhere Visa provides customers with notable rewards and solid cashback opportunities.

The card doesn’t have any annual fees, and it offers better cash back options than the Capital One® Walmart Rewards® card in certain categories.

With this card, you can earn more rewards for traveling, dining, and gas, but the online rewards aren’t nearly as good as Walmart’s rewards card.

The Costco Anywhere Visa does require you to have a Costco membership, though. Additionally, you can only redeem your rewards once every 12 months, and it needs to be at a physical Costco customer service counter.

Each card will heavily benefit its respective company, so choosing which card is best for you is determined by which store you prefer shopping at the most.

#3. Citi® Double Cash Card vs. Capital One® Walmart Rewards® Card

The Citi Double Cash card provides you with an extremely versatile rewards card that earns you a steady 2% cash back.

If you prefer shopping at multiple locations and don’t want to pay for a yearly membership, this card may be great for you.

Wherever you shop, you can earn 2% cash back on every purchase. You will receive 1% back when you first make the purchase, then another 1% back when you pay off the balance.

The constant 2% cash back can eclipse the varying rewards that other cards have to offer. As a whole, this card is great for earning rewards at multiple stores and keeping the number of cards in your wallet to a minimum.

Frequently Asked Questions

Store-branded credit cards can be a hit or miss depending on what store you usually shop at. For example, many people associate store credit cards with high interest rates and minimal rewards.

Since Walmart and Capital One are both reputable brands, their cobranded card has a lot to offer consumers if they shop at Walmart a lot:

Is the Capital One® Walmart Rewards® Card Good?

The Capital One® Walmart Rewards® card can earn you solid features and rewards. They have some competitive rates, such as their 5% cash back sign-up bonus or online purchases.

However, their 2% cash back options aren’t the greatest. For categories such as gas, groceries, and restaurants, alternative cards offer higher rewards rates than this one.

Overall, it’s a good card for frequent Walmart shoppers, and it is especially beneficial to those who shop online.

What Credit Score Do You Need for the Capital One® Walmart Rewards® Card?

To qualify for this card, you will need to at least have an average credit score. Having a higher credit score will provide access to more competitive interest rates and credit card terms.

Is the Capital One Walmart Card Hard to Get?

The card isn’t particularly difficult to qualify for; however, some individuals with lower credit scores have difficulty attaining it. As long as your credit score qualifies for the card, you shouldn’t have too much trouble getting it.

Is the Capital One® Walmart Rewards® Card Worth It?

If you are not a consistent Walmart customer, this card won’t be worth it for you. However, if you frequently find yourself shopping at Walmart, you may want to consider this card. It provides customers with notable cash back options, especially for online shoppers, and it doesn’t charge any foreign or annual fees. It offers a solid sign-up bonus that can benefit you for a whole year, and it doesn’t require an excellent credit score for you to qualify. Overall, the card is worth it for loyal Walmart customers, but if you rarely shop there, you can find more well-rounded rewards cards.

Can the Capital One® Walmart Rewards® Card be Used Anywhere?

As a Mastercard, the Capital One® Walmart Rewards® card can be used anywhere that MasterCard is accepted. Just keep in mind that other companies won’t offer the same cashback opportunities, so this card is best for Walmart shopping.

Bottom Line: Capital One® Walmart Rewards® Card Review

If you enjoy shopping at Walmart and often find yourself there, the Capital One® Walmart Rewards® card could be great for you.

It offers competitive rewards rates and provides solid benefits while not requiring any additional fees.

However, if you are not an avid Walmart shopper and want a rewards card that is more well-rounded, then maybe consider a different option.

Justin Estes
Justin Estes
Justin is an experienced personal finance writer, blogger, and author. His background in accounting and finance led to a passion for helping people make the most of their money and matching them with financial products that enhance their lifestyle. When he's not working, he enjoys hiking, playing guitar, and drinking coffee.