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Capital One® Walmart Rewards® Card Review

Capital One® Walmart Rewards® Card Review

Rewards
5% cash back at Walmart.com, including pickup and delivery. 2% back at Walmart stores and fuel stations, at restaurants and on travel. 1% back everywhere else Mastercard® is accepted
Sign-up bonus
5% cash back in Walmart stores for the first 12 months after approval when you use your card with Walmart Pay
Annual fee
$0
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One® Walmart Rewards® Card best for?

With its generous cashback program, the Capital One® Walmart Rewards® Card could help consumers who do much of their online shopping save some cash at Walmart.com and in the Walmart mobile app.

The Capital One® Walmart Rewards® Card is a Mastercard and can be used anywhere that payment network is accepted. There’s also the Walmart Rewards Card, a private label store card with a similar cashback program that can only be used in the Walmart ecosystem. Neither card charges an annual fee.

The information related to the Walmart Rewards Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of these cards prior to publication.

Capital One® Walmart Rewards® Card overview

    • 5% cash back at Walmart.com, including pickup and delivery
    • 2% back at Walmart stores and fuel stations, at restaurants and on travel
    • 1% back everywhere else Mastercard® is accepted
    • $0 annual fee and $0 foreign transaction fee
  • Manage your card in the Capital One mobile app
  • $0 fraud liability if your card is lost or stolen

Intro Purchase APR

N/A

Regular Purchase APR

17.99%, 23.24% or 26.99% variable

Intro BT APR

N/A

Regular BT APR

17.99%, 23.24% or 26.99% variable

Annual Fee

$0

Cash Advance Fee

Either $10 or 3% of the amount of each cash advance, whichever is greater.

Foreign Transaction Fee

$0

Balance Transfer Fee

3% when transferring for a promotional APR offer

Pros and cons

Pros

  • Generous cashback rewards
  • Sign-up bonus
  • $0 annual fee
  • Check if you’re preapproved

Cons

  • Lower rewards in store than online
  • No intro APR
  • High interest rate

What we like about the Capital One® Walmart Rewards® Card

  • Earn cash back at a generous rate

    Earn 5% cash back at Walmart.com, including pickup and delivery. 2% back at Walmart stores and fuel stations, at restaurants and on travel. 1% back everywhere else Mastercard® is accepted

    Cash back can be redeemed as follows:

    • For a check
    • As a statement credit to your card
    • To cover recent purchases
    • For gift cards from Walmart or other retailers
    • Toward travel

  • Sign-up bonus with Walmart Pay

    The sign-up bonus for this card lasts a year: 5% cash back in Walmart stores for the first 12 months after approval when you use your card with Walmart Pay

  • $0 annual fee

    You don’t have to worry about an annual fee with the Capital One® Walmart Rewards® Card. That means as long as you don’t incur interest charges or other fees, everything you earn with this card is effectively net cash back in your bank account.

  • Check online if you're pre-approved

    Capital One allows you to check online if you’re prequalified for the Capital One® Walmart Rewards® Card, which won’t impact your credit score like an actual application will. Note that prequalification does not guarantee approval, it just means you have a good chance once you actually apply.

    Plus, if you’re not preapproved for the Capital One® Walmart Rewards® Card (which can be used anywhere Mastercard is accepted), you’ll be considered for the Walmart Rewards Card (a store card which can be used at Walmart, Murphy USA gas stations and Sam’s Club).

What to watch out for with the Capital One® Walmart Rewards® Card

  • Lower rate for in-store purchases

    You’ll only earn 5% on in-store Walmart purchases for the first year of having the card, and only when using Walmart Pay. After that, your earning rate drops down to 2%. It’s best to do as much of your shopping as possible at Walmart.com, which earns the higher cashback rate on an ongoing basis.

  • Doesn't offer an introductory APR

    If you’re planning a big purchase, you might be looking for a credit card with an intro 0% APR period on purchases. Unfortunately, you don’t get that with the Capital One® Walmart Rewards® Card.

  • Comes with a high regular APR

    The Capital One® Walmart Rewards® Card comes with a 17.99%, 23.24% or 26.99% variable APR. Even on the low end of the range, that’s still higher than you’ll find with some other cards. Make sure to pay off your card in full each month to avoid incurring interest charges.

    That holds true even more so if you get the Walmart Rewards Card rather than the Capital One® Walmart Rewards® Card, since the store card has a high 26.99% variable APR.

Alternate cashback card

Compare it to the Capital One SavorOne Cash Rewards Credit Card

| Disclosures
Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card
on Capital One's secure site
0% intro on purchases for 15 months
17.99% - 27.99% (Variable)
$0
3% Cash Back on dining and entertainment; 3% Cash Back on popular
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you don’t do a whole lot of your shopping at Walmart.com or in the Walmart app, a better cashback credit card for your spending habits might be the Capital One SavorOne Cash Rewards Credit Card.

Earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. And earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening. That’s a solid bonus with a low spend requirement.

There’s also a helpful 0% intro on purchases for 15 months, after which a 17.99% - 27.99% (variable) APR applies. If you know you’ve got a big purchase coming up, having more than a year to pay it off interest-free is a definite plus. Finally, the Capital One SavorOne Cash Rewards Credit Card‘s annual fee is $0 and its foreign transaction fee is none.

Compare the Capital One® Walmart Rewards® Card to similar cards

Comparison of four different credit cards
Capital One® Walmart Rewards® Card Capital One SavorOne Cash Rewards Credit Card Walmart Rewards Card Citi Custom Cash℠ Card
Capital One® Walmart Rewards® Card Capital One SavorOne Cash Rewards Credit Card Walmart Rewards Card Citi Custom Cash℠ Card
Read Review
Apply Now
on Capital One's secure site
Read Review
Apply Now
on Citibank's secure site
Welcome Offer
5% cash back in Walmart stores for the first 12 months after approval when you use your card with Walmart Pay Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening 5% cash back in Walmart stores for the first 12 months after approval when you use your card with Walmart Pay Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Rewards Rate
5% cash back at Walmart.com, including pickup and delivery. 2% back at Walmart stores and fuel stations, at restaurants and on travel. 1% back everywhere else Mastercard® is accepted 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats 5% cash back at Walmart.com, including pickup and delivery. 2% back at Walmart stores and fuel stations. 1% back at Sam's Club and Sam's Club gas stations Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
Intro Purchase APR
N/A 0% intro on purchases for 15 months N/A 0% intro APR for 15 months on purchases
Regular APR
17.99%, 23.24% or 26.99% variable 17.99% - 27.99% (Variable) 26.99% variable 16.99% - 26.99% (Variable)
Annual Fee
$0 $0 $0 $0
Card Details
Capital One® Walmart Rewards® Card Capital One SavorOne Cash Rewards Credit Card Walmart Rewards Card Citi Custom Cash℠ Card

Is the Capital One® Walmart Rewards® Card right for you?

The Capital One® Walmart Rewards® Card offers a cashback program that’s hard to beat for frequent Walmart shoppers. Just be aware that the in-store cashback rate drops after the sign-up bonus period ends, so plan to make most of your purchases at Walmart.com or in the Walmart mobile app.

However, if you only shop at Walmart occasionally, a better card for your needs might be the Capital One SavorOne Cash Rewards Credit Card, with its robust cashback rewards on dining, entertainment, certain streaming services and at grocery stores.

The information related to the Capital One® Walmart Rewards® Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.