Walmart Rewards Card Review

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The Walmart Rewards Card, a store card issued by Capital One, lets consumers earn lucrative rewards on Walmart purchases—especially those made online. If you shop at Walmart.com or spend a lot in the discount retailer’s brick and mortar stores, this card could be a good addition to your wallet.

Capital One® Walmart Rewards™ Card

overall rating
3.5
Capital One® Walmart Rewards™ Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 26.99% variable
Annual Fee $0
Rewards Earning Rate Earn 5% at Walmart.com, the Walmart app, and on Walmart grocery pickup and delivery. Earn 2% back in Walmart stores, Walmart & Murphy USA Fuel Stations, restaurants & travel. 1% everywhere else.
Ratings Breakdown
for Interest
1.7
for Fees
3.9
for Rewards
4.2
for Credit
4.2

Earn 5% back in Walmart stores for the first 12 months when you use your Capital One Walmart Rewards Card with Walmart Pay - the quick and secure way to pay with your phone at Walmart.

Who is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household
    Family Shopper
  • Avatar for Trendsetter Persona
    Loves being the first to try something new
    Trendsetter
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty
    Brand Loyalist

Since the Walmart Rewards Card is a store credit card that’s only good for Walmart purchases or gas purchases made at Walmart or Murphy USA gas stations, this card is best for frequent Walmart shoppers. If you want a Walmart credit card you can use anywhere, check out the Capital One Walmart Rewards Mastercard instead.

Pros

  • Good rewards-earning rate on Walmart purchases

  • Flexible redemption options

  • Credit building opportunity

Cons

  • Limited use

  • Smartphone required for sign-up bonus

Pros Explained

  • Good rewards-earning rate on Walmart purchases: Once you sign up for this store credit card, you’ll earn 5% back on purchases made at Walmart.com or with the Walmart app. You’ll also earn 2% back on Walmart in-store purchases and at Walmart and Murphy USA gas stations. As an added bonus, you can earn 5% back on in-store purchases made with Walmart Pay for 12 months.
  • Flexible redemption options: You can use rewards for purchases during online checkout or for past purchases made on your card. You can also cash in your rewards for gift cards. 
  • Good for credit building: Since store cards are typically easier to qualify for, they can make it easier to build your credit score when you’re first starting out. 

Cons Explained

  • Limited use: If you want a credit card you can use anywhere or one you can rely on for emergencies, the Walmart Rewards Card is not the best option. The Walmart Rewards Card is only good for Walmart purchases. 
  • Smartphone required for sign-up bonus: You can earn a higher rewards rate for the first 12 months if you use Walmart Pay in stores. However, that means you need to have a smartphone, which only 81% of American adults do, according to Pew Research.

Walmart Rewards Card Sign-Up Bonus

New cardholders earn 5 points per $1 spent on in-store purchases made with Walmart Pay for 12 months (instead of the usual 2 points per $1). Using Walmart Pay requires downloading the app from the App Store or Google Play.

Earning Points & Rewards

While you’ll only earn rewards on Walmart purchases, this card’s rewards scheme is still lucrative. Once you’re approved, you can earn 5 points per $1 spent on purchases made at Walmart.com or with the Walmart app, along with 2 points per $1 spent on Walmart in-store purchases and at Walmart and Murphy USA gas stations. You won’t have to wait for the physical card to arrive before using it—once you’re approved you can make purchases with it via Walmart Pay. 

There’s no cap on the amount of rewards you can earn. Plus, your rewards will never expire as long as your account remains open.

Redeeming Rewards

You will view, manage, and redeem your rewards points through your online account page or through the Capital One app. The Walmart Rewards Card lets you redeem points for purchases during online checkout at Walmart.com, as well as for statement credits, and to cover past purchases made on your card. You can also cash in your rewards for gift cards. 

How to Get the Most Out of This Card

This is a simple credit card rewards scheme, and maximizing your rewards is easy. Use your Walmart Rewards Card for all your online, in-app, and in-store Walmart purchases. Also consider downloading and using Walmart Pay, which boosts your in-store earnings rate up to 5 points per $1 for 12 months. 

Walmart and Capital One also provide a traditional Mastercard credit card you can use anywhere—and it offers the same rewards earnings at Walmart that this one does. 

Customer Experience

Capital One typically receives high marks for its customer service and credit card satisfaction. This was most recently noted in J.D. Power’s 2019 U.S. Credit Card Satisfaction Study, which ranked Capital One third among 11 major card issuers nationwide. Capital One earned 807 out of 1,000 possible points in the study, whereas the industry average was 806. 

There are two apps you may use as a Walmart Rewards Card customer—the Capital One app and the Walmart app. Both apps tend to get positive reviews. The Capital One app received the third spot in J.D. Power’s 2019 U.S. Credit Card Mobile App Satisfaction Study, and the Walmart app has 4.7 out of 5 stars in the Apple Store and 4.0 stars on Google Play. 

Security Features

The Walmart Rewards Card comes with standard security features like zero fraud liability. You can also set up account alerts that will notify you via text, email, or phone if suspicious activity is noticed on your account.

Fees

The Walmart Rewards Card has hardly any fees to be aware of, which is typical for a store credit card. However, you should be wary of the high interest rate you’ll pay if you carry a balance.

For Capital One® Walmart Rewards™ Card
Compare This Card
See how this card stacks up to the competition
CURRENT CARD
Capital One® Walmart Rewards™ Card
overall rating
3.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 26.99% variable
Annual Fee $0
Rewards Earning Rate Earn 5% at Walmart.com, the Walmart app, and on Walmart grocery pickup and delivery. Earn 2% back in Walmart stores, Walmart & Murphy USA Fuel Stations, restaurants & travel. 1% everywhere else.

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.