When you think about a retail mega Corporation from the United States of America. The first thing that comes to a persons’ mind is Walmart Incorporated. Well, the name is now known in many other countries as well as a result of their diversification into other areas of specialty. Walmart has mustard brick-and-mortar approach shopping. Walmart is a giant with the largest annual revenue pull in the world coupled with the largest member body of employees as well. Is Walmart Considered A Grocery Store For Credit Cards . Although it is a publicly-traded business it is also having a family stake in it since the majority shareholding is controlled by a single family. Walmart tries to undercut its competitors by Wholesale marketing methods and using Economics of scale. They have neighborhood markets as well and they have supercentres as well with solid community centers.
Is Walmart A Grocery Store For Your Credit Card
No, Walmart cannot be categorized as a grocery store as the deal is a wide variety of goods. Amex cards, Visa, Discover, and even JP Morgan Chase do not recognize Walmart as a grocery store. What can be considered a grocery store is Walmart’s Neighborhood Market. Different type card companies have different merchant category codes assigned to businesses.
Why Is Not Walmart A Grocery Store For Your Credit Card
Walmart is widely not recognized as a grocery store due to them having nearly 70 different departments. This makes it impossible for a person to earn grocery bonus points for men shopping from Walmart. However, Capital One Walmart credit cards can help you with the grocery bonus points. This is powered by MasterCard. The same policies apply to walmart.com as well. Is Walmart Considered A Grocery Store For Credit Cards ,Visa credit cards do not recognize Walmart as a grocery store. Usually, credit card companies label Walmart as a multi-category retailer. Regular cashback rates offered by your card companies will apply as a default.
Which Cards Should Be Used For The Purchase
There are a variety of cards available that can be used for transactions at Walmart for the sake of the article we will be talking about the most popular ones which are widely accepted at other stores as well.
AMEX Card (American Express)
For American Express cards Walmart isn’t a grocery store due to its diverse store offerings and over 70 departments of which only 30% are related to groceries. You will also not be receiving any bonus when filling gas from Murphy USA for AC Express gas stations. When you fill gas from an on-premise gas station it will not be recognized as eligible for a bonus.
JPMorgan Chase
Chase credit cards do not recognize Walmart at the grocery store as well however it does recognize Walmart neighborhood markets as grocery stores. Consequently, a grocery store points bonus can be claimed by Chase credit card holders on every purchase from these shops.
Chase Bank does recognize Murphy USA gas station purchases eligible for bonus and will give you 1.5% cashback for every gasoline purchase.
Discover
Discover generally does not recognize large Megastores like Walmart as a grocery concern, thus you will not be eligible for a grocery store bonus reward on any purchase made from Walmart by a Discover card. However, Is Walmart Considered A Grocery Store For Credit Cards you can earn a 5% cash back on every purchase you make from and on walmart.com. Discover also recognizes Walmart neighborhood markets as a grocery store hence grocery points can be earned when a customer purchases from these stores using Discover cards. Discover will also give you a 1%-5% cashback on every Bill from Murphy USA. They also offer seasonal discounts and cashback schemes for Walmart purchases
Bank of America
Bank of America is also one such Bank that does not recognize Walmart as a grocery store but rather as a multi-category retailer.
They would still get the default cashback of 1% when using their Bank of America card at Walmart for any purchase.
Bank of America too recognizes Walmart neighborhood markets as a grocery store and will give you a 2% cashback along with other rewards on every purchase.
Conclusion:
Walmart is hardly a grocery store as it has more than 70 divisions of which only 30% are related to groceries. They have a subdivision called the Walmart neighborhood market that is deemed to be a grocery store by every point card company. Only capital One Walmart rewards Credit Cards recognize a grocery store and will give you points for grocery shopping. Other credit card companies will treat Walmart like a Supermarket or a general retailer. Grocery points can be redeemed for a discount at grocery stores through your credit card company.
Frequently Asked Questions
1Q: What modes of payments does Walmart accept?
1A: Walmart currently accepts:
Any valid Debit cards
Any valid Credit cards
Gift cards (gift cards cannot be used to purchase another gift card)
Capital One Walmart Credit Cards
Cash
Payments Wallets.
(i) Paypal
(ii) Affirm (for financing)
