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Walmart Rewards Mastercard Review: Is It Worth It?

Review Updated
Elizabeth Aldrich
By: Elizabeth Aldrich

Our Credit Cards Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Offer status

This offer is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date. Visit our Best Credit Cards page for current offers.

Walmart has had its own store credit card for years, but recently, the retail giant decided to team up with Capital One for a new and improved version of its rewards card. The Capital One Walmart Rewards® Mastercard® comes with an updated rewards rate and some benefits we don't often see with store cards, so it could be a valuable option if you like to shop at Walmart.

Ratings Methodology

Capital One Walmart Rewards® Mastercard®

Great for: Walmart shoppers

Capital One Walmart Rewards® Mastercard®
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good (670-850)

Intro APR

Purchases: N/A

Balance Transfers: N/A

Regular APR

19.48% or 29.99% (Variable)

Rewards Circle with letter I in it. 5% back on purchases online at Walmart, including Grocery Pickup and Deliver, 2% back on purchases in Walmart stores, 2% back on restaurants and travel purchases, 1% back on other eligible purchases

1% - 5% back

Annual Fee

$0

Welcome Offer Circle with letter I in it. 5% back on in-store purchases for the first 12 months

5% back

  • A compelling offer for Walmart fans, but not a fit for anyone seeking a one-card wallet with versatile rewards.

    • Big Walmart rewards
    • No annual fee
    • Consumer and travel protections
    • No foreign transaction fee
    • No intro APR offer
    • Earn unlimited rewards every day, everywhere on purchases in and out of Walmart
    • Earn unlimited 5% back on purchases online at Walmart, including Grocery Pickup and Deliver
    • Earn unlimited 2% back on purchases in Walmart stores, 2% back on restaurants and travel purchases, and 1% back on all other purchases everywhere else Mastercard® is accepted
    • Introductory offer: Earn 5% back on purchases in Walmart stores when you use this card for Walmart Pay for the first 12 months after approval
    • Redeem rewards to cover recent purchases, or redeem for travel, gift cards, statement credits and more
    • $0 annual fee
    • No foreign transaction fees
Capital One Walmart Rewards® Mastercard® is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash back on travel purchases 		Up to $300 cash back Circle with letter I in it. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. 1.5% - 5% cash back Circle with letter I in it. Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases

Intro: Circle with letter I in it. 0% Intro APR on Purchases and Balance Transfers for 15 months

Purchases: 0% Intro APR on Purchases, 15 months

Balance Transfers: 0% Intro APR on Balance Transfers, 15 months

Regular: 20.49% - 29.24% Variable

Apply Now for Chase Freedom Unlimited®

On Chase's Secure Website.

Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for travel and points transfers 		60,000 bonus points Circle with letter I in it. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠. 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Circle with letter I in it. Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.

Intro: Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Regular: 21.49%-28.49% Variable

Apply Now for Chase Sapphire Preferred® Card

On Chase's Secure Website.

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. Circle with letter I in it. N/A 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 17.24% - 28.24% Variable APR

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Full Walmart Rewards Mastercard review

This credit card is a good fit for: Walmart shoppers who visit the store at least once a month and want to earn bonus cash back there.

Top perks

Diverse cash back program: Cardholders receive 5% back on Walmart.com purchases, including grocery pickup and delivery, as well as in-store purchases made through the Walmart Pay app, although the app rate promo is only for the first 12 months (2% thereafter). Travel and restaurants earn 2% back. Other purchases earn at the base rate of 1% back.

No annual fee: Cardholders can harvest the full value of rewards earned by avoiding an annual fee.

Price protection: If you purchase a new item and find it for a lower price within 120 days, you may be reimbursed for the difference.

Extended warranty coverage: This automatically doubles the original manufacturer's warranty and store brand/purchased warranty when each is 24 months or less, for a total of up to 48 months.

Rental car insurance: With MasterRental Insurance, you're covered against damage to rental vehicles, including physical damage and theft.

Baggage delay insurance: If your baggage is delayed by four hours or longer on a covered trip, this coverage will reimburse you for emergency purchases of essential items.

Trip cancellation/interruption insurance: If your trip is canceled or interrupted because of a covered accident or illness, your Walmart credit card can reimburse you for the unused, non-refundable portion of your common carrier passenger fare.

No foreign transaction fee: Cardholders can use this card in other countries without paying extra fees on each swipe.

Learn more: Best No Foreign Transaction Fee Credit Cards

What could be improved

Limited 5% promo cash back rate: The credit card would have more versatility if the 5% cash back rate lasted beyond 12 months for in-store purchases.

No 0% intro APR: Cards intended for routine shopping are more valuable when offering a 0% intro APR on purchases.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Compare Cards

Suggested credit score

The Capital One Walmart Rewards® Mastercard® is meant for people with average credit -- ideally, a FICO® Score in the mid 600s or higher.

See more options: Best Credit Cards for Fair/Average Credit

This credit card is right for you if:

Do you spend at least $100 at Walmart per month? If so, you should apply for this credit card.

However, you will have a decision to make after you've had the card for a year. At that point, the card will earn you only 5% back on Walmart.com purchases. That works if you can make the majority of your Walmart purchases through the website, but if not, you should look at other cash back credit cards with more diverse bonus categories.

Although you can redeem your rewards for travel through Capital One, this isn't a travel card. If travel benefits are what you're after, you should check out travel rewards cards instead.

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

FAQs

  • Credit limits for a Walmart credit card can range from $150 to over $5,000. Several factors go into determining your credit limit, including your annual income and credit history.

  • The Capital One® Walmart Rewards™ Mastercard® can be used anywhere Mastercard is accepted. The Walmart Rewards Card can only be used for Walmart purchases.

    When you apply for a Walmart credit card, you could be approved for either one depending on your credit profile.

  • Yes, a Walmart credit card can build credit if you pay on time. Card activity is reported to all three consumer credit bureaus, so you can increase your credit score by using the card regularly and then paying the bill on time each month.

Our Credit Cards Expert

Elizabeth Aldrich
Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider. She’s an avid credit card points collector and perpetual traveler currently living in Costa Rica.