That being said, the general consensus is that the Walmart cards are usually intended for individuals with poor or limited credit histories. For this reason, those who do not qualify for the Capital One card may still qualify for the Walmart Rewards card instead. Potential cardholders technically apply for the Capital One Walmart Rewards card and the standard Walmart Rewards card at the same time to see which one (if either) they will qualify for.Īs mentioned above, the Capital One Walmart Rewards card has slightly higher qualification criteria. Applying for the Capital One Walmart Rewards and Walmart Rewards Cards Hot Tip: For additional options, check out our guide to the best credit cards to use at Walmart. But if you use your credit card responsibly, your credit limit and credit score could increase. Of course, you can avoid these fees by paying the balance in full each month.įinally, if you’re still working on building your credit, you’ll probably be given a low credit limit, which means you won’t be able to spend much on the card. These can add up quickly and put you in a serious bind. So even using it to pay at Walmart and approved gas stations can mean money back each month, especially if you spend there often!Įven though there’s no annual fee, the Capital One Walmart Rewards card and the standard Walmart Rewards card have high APRs and late fees. If your credit history isn’t strong enough for the Capital One Walmart Rewards card, you can’t earn cash-back outside of Walmart (which limits the card’s usefulness). That being said, if you visit physical Walmart stores frequently, the statement credit could quickly add up. For example, cardholders can only receive 2% cash-back for using their cards at a Walmart store. Other drawbacks certainly apply to this card. $10 or 3% of each cash advance amount (whichever is greater) There are a few cons to consider before applying for either card.įees: Here are the current fees/penalties that you might incur. Access to special 6-12 month financing optionsįees and Drawbacks of the Walmart Rewards Cards.$0 Fraud Liability for unauthorized charges.Other companies charge up to $20 to check your score, so this could be a handy advantage.Free online FICO ® credit score checks anytime by signing up to electronic statements.Additional Features of the Walmart Rewards Card Optionsīelow are additional perks offered with both Walmart cards: You can find out more about the application process below. Since the Capital One Walmart Rewards card is slightly more difficult to qualify for, some applicants will automatically receive the standard Walmart Rewards card, which targets consumers with low to fair credit scores looking to build their credit. And finally, Capital One Walmart Rewards cardholders are eligible for cash advances (with a variable APR), while standard Walmart Rewards cardholders are not eligible. The standard Walmart Rewards card is only accepted at Walmart stores,, and Walmart and Murphy USA gas stations.Īnother difference: some Capital One Walmart Rewards cardholders may receive a lower APR depending on account type. The Capital One Walmart Rewards card can essentially be used anywhere you like - meaning that you’ll get rewarded for purchases made virtually anywhere Mastercard is accepted (albeit marginally, at 1%). Walmart has 2 branded cards, which have virtually the same benefits with just a few main differences. 5% Walmart Pay for 12 months on in-store purchases.2% at Walmart Stores, Walmart, and Murphy USA Fuel Station.5% at and in the Walmart app, including Grocery Pickup and Delivery.5% with Walmart Pay for 12 months on in-store purchases.
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