Capital One® Walmart Rewards™ Mastercard®

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By Emily Hayes

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Reviewed by Ray Frager

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Updated: Thu May 05, 2022

CREDIT NEEDED

Good to Excellent

670

850

ANNUAL FEE

$0

APR

17.99%, 23.24% or 26.99%, based on your creditworthiness

• • Card Summary

  • Pros

  • Cons

  • Rates and Fees

  • Highlights

  • Comparisons

  • Maximizing Rewards

  • Fees

  • Should You Get It?

Card Summary

Frequent shoppers at retail giant Walmart can stock up on rewards from their purchases with the Capital One Walmart Rewards Mastercard. The card delivers 5% cash back at Walmart.com; 5% cash back on store purchases for the first year using the store’s mobile wallet, Walmart Pay, then 2% thereafter; 2% back on dining and travel; and 1% back on all other eligible purchases.

The card charges no annual fee or foreign transaction fee. The standard APR for the Capital One Walmart Rewards Mastercard is a variable 17.99%, 23.24% or 26.99%, based on your creditworthiness.

The Capital One Walmart Rewards Mastercard review: Although many cards offer rewards for groceries, Walmart purchases are often excluded. Therefore, this card may offer significant value if you're a frequent Walmart shopper.

Pros

• In-store rewards: You'll earn 5% cash back on store purchases for the first year with the store's mobile wallet, Walmart Pay.

• Flexible redemption options: Rewards earned with the Capital One Walmart Rewards Mastercard can be redeemed anytime toward statement credits, gift cards, and Walmart.com and travel purchases.

Cons

• No 0% introductory APR: The Capital One Walmart Rewards Mastercard doesn't come with an introductory annual percentage rate for purchases or balance transfers. The standard APR is a variable 17.99%, 23.24% or 26.99%, based on your creditworthiness.

• Potentially high interest rate: Consumers who don't have excellent credit could end up with a high interest rate.

Rates and Fees

• Issuer Name

• Capital One

• Credit Needed

• Excellent, Good

• Annual Fee

• $0

• APR

• 17.99%, 23.24% or 26.99%, based on your creditworthiness

• Penalty APR

• None

• Balance Transfer Fee

• 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.

• Cash Advance Fee

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

• Highlights

• 5% Cash Back At Walmart.com, including pickup and delivery.

• 2% Cash Back In Walmart stores, at restaurants and on travel.

• 1% Cash Back Everywhere else Mastercard is accepted.

• Earn 5% cash back in Walmart stores for the first 12 months after approval when you use your Capital One Walmart Rewards Card with Walmart Pay – the quick and touch-free way to pay with your phone at Walmart.

• Redeem for Cash.

• Cover a Purchase.

• Redeem for gift cards from Walmart or other retailers.

How Does the Capital One® Walmart Rewards™ Mastercard® Compare With Other Popular Credit Cards?

Amazon Rewards Visa Signature Card vs. Capital One® Walmart Rewards™ Mastercard®

Annual fee: Neither card charges an annual fee.

Rewards: The Capital One Walmart Rewards Mastercard earns 5% cash back at Walmart.com; 5% cash back on store purchases for the first year with the store’s mobile wallet, Walmart Pay, then 2% thereafter; 2% back on dining and travel; and 1% back on all other eligible purchases. Amazon Rewards Visa Signature Card users earn 3% cash back at Amazon.com and Whole Foods Market, 2% back at drugstores, gas stations and restaurants, and 1% back on all other purchases. When paired with an eligible Amazon Prime membership, your earnings at Amazon.com and Whole Foods Market will jump to 5%.

Sign-up bonus: The Capital One Walmart Rewards Mastercard doesn’t offer a sign-up bonus. The Amazon Rewards Visa Signature Card offers a $60 Amazon.com gift card upon approval. The gift card value will increase to $100 if you have an eligible Amazon Prime membership upon approval for the card.

Benefits: The Capital One Walmart Rewards Mastercard benefits include extended warranty protection, travel accident insurance, travel assistance services and concierge service. Various travel and purchase protection benefits are available to Amazon Rewards Visa Signature Card users, such as an auto rental collision damage waiver, baggage delay insurance, extended warranty protection, lost luggage reimbursement, travel accident insurance, and travel and emergency assistance.

Bank of America Customized Cash Rewards credit card vs. Capital One® Walmart Rewards™ Mastercard

What Are the Fees Associated With the Capital One Walmart Rewards Mastercard?

• Annual fee: The Capital One Walmart Rewards Mastercard charges no annual fee.

• Foreign transaction fee: There is no charge for foreign transactions.

• Balance transfer fee: You pay no fee for balances transferred at the transfer APR.

• Cash advance fee: A cash advance costs either $10 or 3% of the amount of each cash advance, whichever is greater.

• Penalty fee: There is a fee of up to $39 for late payment.

Should I Get the Capital One Walmart Rewards Mastercard?

Yes, if you:

• Frequently shop at Walmart and Walmart.com.

• Don't plan to carry a balance.

• Have no need for 0% introductory APRs.

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