Among the many different credit card options, the ones that partner with multinational retailers are a great choice. This is especially true if you go grocery shopping more than once a week.
Walmart is a huge name, and if you are a US citizen/permanent resident, you have surely been there at least a couple of times. Thus, it doesn’t come as a surprise that this retailer decided to join with Capital One to issue a Mastercard Credit Card that can be used in Walmart stores, as well as all other places.
In order to help you, we will be going through the fees, charges, and details of the Walmart Rewards cashback program. For anyone interested in in-store credit cards, this article is certainly worth reading on!
Fees and Charges
The first thing that we want to discuss is the fantastic rewards program that you will be subjected to. You will be getting 5% cashback on any purchases made through Walmart.com, 2% cashback in Walmart stores (restaurants/travel), and 1% everywhere else where Mastercard is accepted.
The annual percentage rate is variable and depends both on your creditworthiness and the market prime rate. This APR could range anywhere from 17.99% and 26.99%.
The same APR is set for cash advances, and transfers. Fortunately, you won’t pay any annual fee or foreign transaction fee.
It is important that you know you will be charged 3% for any balance transfer, as well as $10 or 3% for cash advances, depending on which sum is greater. Keep in mind that the penalty fee for late payments can be up to $39.
If you want to know more about the perks of store credit cards when it comes to fees/charges and rewards programs, we suggest you read this article.
How to Apply
The application process for the Walmart Rewards Mastercard Credit Card is incredibly simple. The first way to apply is to go to the nearest store in order to submit all the required documentation and get an instant decision.
The second one is to fill out an online application form through the official website, once again proving that you meet all the criteria.
While applying shouldn’t be anything complicated, you should make sure that you are eligible for this credit card and rewards program before submitting an application. The first requirement is that you are 18 years or older.
Along with that, you must provide a US mailing address, as well as a Social Security Number.
You should review your credit reports, as well as keep these open because it is quite common that the approval commission asks for a couple of additional days to check whether you are eligible or not.
In any case, once approved, you should get the Walmart Rewards Mastercard Credit Card within a couple of business days.
Bank Contact Details
As we have mentioned above, Walmart cooperates with Capital One when it comes to this Mastercard Credit Card. Thus, if you have any questions related to the application or fees/charges, you will want to submit it to Capital One. The company can be reached in a few different ways.
Mail Address: Capital One, General Correspondence, P.O. Box 30285, Salt Lake City, UT 84130-0287
Features and Benefits
One of the main perks when it comes to the Walmart Rewards Mastercard Credit Card is the 5% cashback on all purchases through Walmart.com. What is great is that you can enjoy a 5% rewards program for purchases in Walmart stores for the first 12 months as long as you use Walmart Pay.
It is an efficient and touch-free method to pay at stores. Additionally, we are quite happy with the Capital One app, through which you will be able to pay your bills, track transaction history, and check your balance with just a couple of clicks.
If you are regular at Walmart, then a credit card such as this one can save you good money in the long run. The 5% cashback program and the reasonable interest rate make this Mastercard one that you should definitely consider.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.