Walmart Credit Card: Benefits, Interest Rates, Pros and Cons, and More

Walmart Credit Cards offer a range of benefits tailored to frequent Walmart shoppers. This article will guide you through their features, rewards, and potential drawbacks.

Knowing the details of these cards is essential for making smart financial decisions. You'll discover how these cards compare in terms of benefits, interest rates, and suitability for your shopping habits.


The Walmart Credit Cards Today

Today, Walmart offers a range of credit cards, each tailored to different shopping needs and preferences. You need to understand that each card serves a unique purpose

As you read on, you'll discover the specific cards available and how they can fit into your financial lifestyle.

It's essential to recognize the two main Walmart credit cards: the Capital One Walmart Rewards® Mastercard® and the Walmart Rewards™ Card. Each of these cards caters to different spending habits and offers unique benefits.


Capital One Walmart Rewards® Mastercard®

The Capital One Walmart Rewards® Mastercard® stands out for its versatility. It's not just limited to Walmart purchases; you can use it anywhere Mastercard is accepted. 

This card is ideal if you're looking for flexibility in your credit card usage, extending beyond just Walmart stores.

Walmart Rewards™ Card

On the other hand, the Walmart Rewards™ Card is a private-label card, meaning it's primarily for use at Walmart properties, including, the Walmart app, and Walmart stores. 


If your shopping is predominantly with Walmart, this card could be a perfect match.

Key Features of Walmart Credit Cards 

Walmart credit cards come with a variety of benefits designed to enhance your shopping experience. Here are five key features you should know about.

1. Usage Locations

Walmart credit cards are versatile in their usage. 

The Capital One Walmart Rewards® Mastercard® can be used anywhere Mastercard is accepted, while the Walmart Rewards™ Card is exclusive to Walmart properties, including their online platforms and physical stores.

2. Reward Structures

Both cards offer attractive cash-back percentages, with up to 5% back on purchases at This feature is particularly beneficial if you frequently shop online or use the Walmart app for your purchases.

3. Interest Rates

The interest rates, or APRs, vary between the cards. The Capital One Walmart Rewards® Mastercard® has a variable APR of 18.99% or 29.99%, while the Walmart Rewards™ Card comes with a 26.99% variable APR. 

It's important to consider these rates when choosing a card.

4. Variable APRs for Different Cards

The variable APRs for these cards are based on creditworthiness and market conditions. Understanding these rates is crucial for managing your finances effectively and avoiding unexpected costs.

5. Comparison with Industry Standards

When comparing these cards with others in the market, consider the APRs, reward structures, and usage limitations. This comparison will help you make an informed decision that aligns with your shopping habits and financial goals.

Benefits and Disadvantages

Not everyone is suited for a Walmart credit card; it depends on individual financial statuses and shopping needs. It's essential to weigh the pros and cons carefully before deciding. 

Understanding these aspects can help determine if a Walmart credit card aligns with your financial goals and shopping habits.

Key Advantages of Walmart Credit Cards:

  • Walmart credit cards offer up to 5% cash back on online and app purchases, making them highly beneficial for frequent online shoppers.
  • Cardholders enjoy special financing options, providing flexibility for larger purchases.
  • There is no annual fee, reducing the cost of card ownership.
  • Additional perks include extended warranty protection and travel accident insurance, enhancing the value of the card.
  • The cards offer rewards redemption flexibility, including options for travel, gift cards, and statement credits.

Potential Drawbacks to Consider:

  • High APRs can significantly impact overall savings, especially if balances are carried out month to month.
  • The Walmart Rewards™ Card is limited to use only at Walmart properties, restricting its versatility.
  • In-store purchases earn lower rewards compared to online shopping, which might not appeal to traditional shoppers.
  • The cards lack introductory APR offers, which can be a drawback for those looking to make large purchases upfront.

How to Know If You Need a Walmart Credit Card

To decide if a Walmart Credit Card is right for you, start by examining your shopping habits. Do you frequently shop at Walmart or on 

The Walmart Credit Cards, particularly the Capital One Walmart Rewards® Mastercard® and the Walmart Rewards™ Card, offer up to 5% cash back on purchases made on, including pickup and delivery. 

If a significant portion of your shopping is done at Walmart, especially online, these cards could offer substantial savings.

Comparing Credit Card Benefits 

Next, compare Walmart Credit Cards with other credit cards you might be considering. 

For instance, the Capital One Walmart Rewards® Mastercard® is versatile, allowing you to earn rewards not just at Walmart but also on restaurant and travel purchases, and at Murphy USA and Walmart fuel stations. 

If your spending is diverse and extends beyond Walmart, this card's flexibility might be more beneficial compared to other cards. 

Financial Management Considerations 

Finally, the Walmart Credit Cards have variable APRs (18.99% or 29.99% for the Capital One Walmart Rewards card and 26.99% for the Walmart Rewards™ Card), which can be high if you tend to carry a balance. 

If you're disciplined about paying off your balance each month, the high APR might not be a concern. 

However, if you often carry a balance, the interest charges could offset the benefits of cash-back rewards. It's essential to choose a card that complements your financial habits and goals.

Wrapping Up

This article has provided a comprehensive overview of Walmart Credit Cards, focusing on their benefits, interest rates, and pros and cons. Understanding these aspects is crucial for making an informed decision.

Whether a Walmart Credit Card is a good fit for you hinges on your shopping habits and financial management. 

These cards offer attractive rewards for frequent Walmart shoppers, but consider the APRs and specific card limitations.

More Details

For more details or inquiries, reach out to Walmart Credit Card Services at 1-877-294-7880. You can also visit their service desk at any Walmart store for personal assistance. Their mailing address is Walmart Credit Card Services, P.O. Box 965004, Orlando, FL 32896-5004, USA. 

Disclaimer: The credit card offers and terms are subject to change. It's important to stay updated with the most current information. For the latest terms and conditions, it's recommended to contact Walmart Credit Services directly.