Walmart is a popular American multinational corporation. It is a chain of all kinds of stores, grocery stores, retail stores, and hypermarkets. It was founded in 1962 and has its headquarters now in Arkansas, United States. They are infamous for their cheap prices and stocking up on a wide variety of goods. If you step into Walmart, you should have access to everything you want, at affordable prices. Even though it has plenty of competitors concerning its prices now, it is still one of the most famous retailers worldwide. Can I use my Walmart credit card anywhere?
Walmart Credit Cards
If you regularly go to Walmart, getting one of their cards will benefit you. You can get some offers and rewards that come with the credit card too. It has two kinds of credit cards available; a Walmart Rewards Card, and a Capital One Walmart Rewards Mastercard. As there are two cards, there are different uses for each of them.
The Walmart Rewards Card can be used only at Walmart stores, Walmart gas stations, and their Walmart website. It can also be used at Sam’s Clubs’ physical stores. The Capital One Walmart Rewards Mastercard can be used anywhere if they accept Mastercard. Most of the places in America accept Mastercard, so you can use this card at various restaurants, bars, gas stations, cinemas, and other grocery stores.
After October 2019, Capital One has been the issuer of Walmart Rewards cards, which is the reason for the card’s name. Previously, Walmart’s credit card provider was Synchrony Bank. If you have the previous card and haven’t gotten a new one, you won’t need to apply for another card. You will have to set up an account with Capital One though.
Benefits of Capital One Walmart Rewards Mastercard
- If you use the card along with Walmart Pay installed on your smartphone, you can earn back 5% of what you spent in the first year in Walmart stores.
- After a year, you can earn back 2% of what you spend in Walmart’s physical stores, restaurants and gas stations, 5% of your spending at Walmart’s website and their app, and 1% of what you spend anywhere else.
- You can see your cashback rewards on the Capital One app as a statement credit. You could also visit Walmart.capitalone.com and look for the same. Redeeming it will take around 2-3 days, and you could also redeem your rewards for gift cards.
- Currently, this card does not have an annual fee, it has an annual percentage rate ranging from 17.99% to 26.99%. Your rate will depend on your creditworthiness. When signing up for your statement, you can get a free FICO score check done with this card.
- Late payment fees could even be as much as $39. It will be on the higher side if you have made a lot of late payments recently and lower if you have not.
- The customer has an option to start using the Walmart card before it is mailed to them, through the Walmart app. As soon as it has been approved, you can start making purchases.
Note: If you have a poor credit score and bad creditworthiness, you may not be approved for this card, but you will probably be approved for the Walmart Rewards Card.
Benefits of Walmart Rewards Card
- As mentioned before, this card can only be used at Walmart’s physical stores, website, app, gas stations, and Sam’s Club’s physical stores.
- With this card, there is the same introductory offer, of getting 5% back of what you spend in Walmart’s physical stores for the first year of getting the card. You will need to install and use Walmart Pay on your smartphone along with the card.
- After the first year, benefits are reduced for this card compared to the other one. You can get 5% of what you spend at Walmart’s app and website back, and 2% of what you spend at Walmart’s physical stores, gas stations and restaurants.
- With the credit card, you will get points that can be redeemed in whatever way you prefer. You can redeem for cash, travel benefits, gift cards or online Walmart purchases.
- This card has a variable annual percentage rate of around 26.99%.
Where Can I Not Use Walmart Credit Cards?
For the Walmart Rewards Card, you cannot use it anywhere except Walmart and their associates. For the Capital One card, you cannot use it in places that do not accept Mastercard. While most places do, some places like Costco, which only accepts visas, do not. If you go somewhere unexpected, you might want to have another mode of payment ready for situations like this.
Conclusion
Regular Walmart consumers will find these cards very useful. The Capital One card has better benefits, but having bad creditworthiness may mean you will not be approved. Thankfully, there is an option for those whose credit scores are not very good, even though it comes with substantially fewer options. We hope this article helped you, Happy Shopping!
