4.4 Quick Take: If you frequently shop at large retail stores like Walmart, it is often a good idea to opt for a store credit card that can help you save money on your purchases. The Capital One Walmart Rewards Mastercard is a great choice for its attractive cash back and benefits. APR Rewards Rate Annual Fee Credit Score How did we calculate this? It is especially suitable for people who shop at Walmart.com regularly, since those purchases offer the highest percentage of rewards. Moreover, the Capital One Walmart Rewards Mastercard provides you with a $0 Fraud Liability if your card is ever lost or stolen. This means that you will not be responsible for any fraudulent purchases made on the card. Key Features The APRs in all the cases vary with the market, based on the prime rate. The rewards can also be used to cover purchases, buy gift cards from Walmart and other retailers, or for travel purchases. While there is no fee for balance transfers at the regular APR, any balance transfers with a promotional APR come with a 3% fee. For cash advances, you will incur the greater fee of $3 or 3%. This means anyone with slightly above-average scores can easily get this card. How the Capital One Walmart Rewards Mastercard Stands Out And since it is a Mastercard, you can use it in other stores, as well. Comparable Options
The Blue Cash Preferred(r) Card from American Express has an annual fee of $95 after the first year. However, the rewards rate goes up to 6% on U.S. supermarket purchases -- limited to $6,000 in purchases per year, then 1% thereafter -- and it also offers 6% cash back on qualifying U.S. streaming subscriptions. You can also earn 3% on transit and at U.S. gas stations. Both of these cards have no annual fee, but the Costco Anywhere Visa(r) Card provides 4% cash back on gas purchases and electric vehicle charging, 3% at restaurants and on travel and 2% on your purchases from Costco. However, to get this card, you need a Costco membership, which is not free. How to Apply Just click 'Apply Now' on the card's webpage. It will ask for your name, date of birth, Social Security number and other personal and financial information. However, if you're not approved for the Mastercard, you may be approved for the Walmart Rewards card, which can only be used on Walmart and Sam's Club purchases. If you're not sure about your approval chances, you can see if you're pre-approved before you apply. Who the Capital One Walmart Rewards Mastercard Is Best For It might not be the best option for people who don't just shop at Walmart, due to the potentially high APR and lower cash back rates in other categories. However, like all credit cards, you must be careful about using it and make sure you are making payments regularly. This will help you to avoid interest and get the most out of your Capital One Walmart Rewards Mastercard. How does the Capital One Walmart Rewards Mastercard work? Once you have made your purchases, you can redeem your cash back through Capital One. Usually, it takes two to three days for the credit to be applied to your account. Is the Capital One Walmart Rewards Mastercard a real credit card? Yes, the Capital One Walmart Rewards Mastercard is a real Mastercard credit card. Apart from using it at Walmart, you can use it anywhere that accepts Mastercard. Can the Capital One Walmart Rewards Mastercard be used anywhere? Yes, the Capital One Walmart Rewards Mastercard can be used in all places that accept Mastercard. Is it hard to get a Capital One Walmart Rewards Mastercard? If you have a credit score of at least 640, you have a good chance of being approved for a Capital One Walmart Rewards Mastercard. Is the Capital One Walmart Rewards Mastercard worth it? If you shop frequently at Walmart.com and pay off your balance each month, the Capital One Walmart Rewards Mastercard is worth it, because it provides the highest cash back on online shopping, which includes pickup and delivery. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 19, 2022. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article. The Blue Cash Preferred(r) Card from American Express is not available through GOBankingRates.