As an avid customer of Walmart, I try to find ways to maximize my purchases. I always make sure to grab the great deals offerings in the store because I want to save money while buying my groceries.
Fortunately, Capital One provides a way that I can save money by purchasing items at Walmart through its Capital One Walmart Rewards Card. With this offer, I can get instant cashback and discounts.
Learn more about the benefits and perks of the Capital One Walmart Rewards Card in this article. We’ll cover how to apply for a Capital One Walmart Rewards Card, its eligibility requirements, and the charges and other fees of the credit card.
Capital One Walmart Rewards Card
Walmart is one of the most popular retail companies in the United States as it operates as a hypermarket, discount department store, and grocery store. Aside from the United States, Walmart has branches in another 24 countries, with over 10,000 stores worldwide.
Meanwhile, Capital One is one of the country’s largest banking and financial institutions. Capital One has over 750 branches in cafe-style locations across the United States. It specializes in auto loans, credit cards, saving accounts, and banking.
In a surprise move, the two large companies forged a partnership to offer a product and service that would greatly benefit their customers. As a Capital One customer and a Walmart loyal, this rewards card significantly benefits my spending and money.
The Capital One Walmart Rewards Card aims to reward its loyal customers with cashback and discounts for every purchase. With this card, I can maximize my purchases at Walmart by using the card to get the best deals and discounts.
More About the Capital One Walmart Rewards Card
As mentioned, the Capital One Walmart Rewards Card is meant for those who are Walmart loyalists. With this card, I can earn automatic rewards by simply using the card.
It is also important to note that the Capital One Walmart Rewards Card works best for frequent Walmart shoppers who typically order online. Although, even if people only shop there occasionally, they can still benefit from the Capital One Walmart Rewards Card.
The Capital One Walmart Rewards Card suits me well because I love shopping and purchasing things online from Walmart. It is a great deal because I get low prices already for choosing Walmart, but I can save even more by using the Capital One Walmart Rewards Card.
Capital One Walmart Rewards Card Features
Even though it may seem unbelievable at first, I can get more rewards by using the Capital One Walmart Rewards Card when shopping at Walmart online.
The primary reward offered by the card is cashback. This means I can get back a portion of the money I spent purchasing a product or service at Walmart.com. There are several cashback percentages for various products.
For example, I get 5% cashback on the Walmart website and Walmart mobile app. The 5% cashback is the default rate of the Capital One Walmart Rewards Card. The default 5% cashback is also applicable on grocery pickup and delivery.
More Capital One Walmart Rewards Card Cashback Rates
Aside from the default 5% cashback, the Capital One Walmart Rewards Card offers more opportunities for me to earn cashback by purchasing a Walmart product. Interestingly, cardholders get 2% cashback for every transaction at Walmart & Murphy USA Fuel Stations.
It is also a 2% cashback rate if I purchase and use the card at Walmart’s physical stores. Luckily, I can get more cashback if I buy online rather than visiting an actual physical store.
The Capital One Walmart Rewards Card also lets me get cashback in other transactions outside the Walmart store and website. There is also a 2% cashback offer for every transaction on restaurants and travel. Lastly, there is a chance to earn 1% back everywhere else Mastercard is accepted.
Also read: Starbucks® Rewards Visa Credit Card – How to Apply
Capital One Walmart Rewards Card Pros
When I discovered that there is a Capital One Walmart Rewards Card, I knew that I could be maximizing its advantages as a loyal customer of Capital One and Walmart. As mentioned, the card works best for loyal customers of Walmart because they have the most opportunities to earn cashback.
One of the biggest advantages of the Capital One Walmart Rewards Card is that the cashback for every card transaction is automatically processed. This means that the cashback is immediately transferred back to my account.
I do not need to wait a few business days before processing it. The cashback instantly reflects on my account as soon as I make a purchase. This is something that sets this card apart from other rewards card offerings.
More About the Capital One Walmart Rewards Card Pros
One of the most unfortunate things about other credit cards is that groceries are usually excluded from the rewards or bonus system. Many cards do not give points, rewards, or cashback when cardholders use them for groceries.
Capital One realized this concern, so it created, designed, and offered a card meant for grocery shopping alone. The banking institution understands that people want the best deals when shopping for essentials, such as groceries.
As such, the Capital One Walmart Rewards Card aims to provide more ways to save money while getting essential grocery items. This feature made the Capital One Walmart Rewards Card stand out for being rare among its competitors.
Capital One Walmart Rewards Card Fees
Although the Capital One Walmart Rewards Card may seem attractive at a glance, it is still essential to assess its pros and cons. Potential cardholders still need to consider its fees and other charges before signing up.
According to Capital One and Walmart, here are the Capital One Walmart Rewards Card fees.
- Annual Fee: None
- Annual Percentage Rate: 17.99% or 28.99%, based on creditworthiness
- Balance Transfer Fee: 3% of the amount transferred
- Cash Advance Fee: $3 or 3%, whichever amount is greater
- Cash Advance Interest Rate: 28.99%
- Late Payment Fee: up to $39
More About the Capital One Walmart Rewards Card Bonus
The Capital One Walmart Rewards Card does not stop me from getting more rewards besides the default cashback for my purchases made on the Walmart website or Walmart mobile app. There is also a welcome bonus available for the Capital One Walmart Rewards Card.
When I got the Capital One Walmart Rewards Card, I was told I needed to use Walmart Pay for in-store transactions to get the introductory bonus. I can earn as much as 5% cashback for my total purchases if I use Walmart Pay for physical store transactions.
However, the introductory or welcome bonus only lasts for 12 months. It is still a great deal as I can maximize my purchases at Walmart’s physical stores for one whole year. After a year, I will only receive 2% cashback when I use the Capital One Walmart Rewards Card for in-store purchases.
Also read: Find Out How to Get a Walmart Credit Card and Earn Cashback Everyday
Capital One Walmart Rewards Card Rewards Potential
Before I was convinced to get the Capital One Walmart Rewards Card, I was asked to visit the Capital One or Walmart website. This is because there are clear visualizations of how much rewards I can earn if I get a Capital One Walmart Rewards Card.
The sites also clearly explained the Capital One Walmart Rewards Card’s rewards potential. There is data about the estimated spending on groceries for a family, which helped me visualize how much I could earn from the cashback rewards of the card.
For example, if I spend a total of $6,000 on groceries for a year, I can get as much as $300 as cashback rewards from the Capital One Walmart Rewards Card. The bank and retail store company made me realize how much I can accumulate in rewards for the entire year by using the card.
This simulation gave further examples and numbers to clarify their point, especially if grocery, restaurant, travel, and gas rewards are added together. With all of this, I was convinced to get the card.
More About Capital One Walmart Rewards Card Rewards
As mentioned, I receive the cashback immediately after every purchase with the Capital One Walmart Rewards Card. However, there are other ways that I can redeem these rewards.
According to the bank, I can apply the rewards from the Walmart Rewards Card as a statement credit. Since the balance will be returned to the card for every purchase, I can use the balance to pay my statement credit for the month.
Moreover, it is possible to redeem the Capital One Walmart Rewards Card rewards during online checkout ot the website or the mobile app. I can also use the rewards via Walmart Pay at in-store locations.
Capital One Walmart Rewards Card Eligibility Requirements
Another interesting thing about the Capital One Walmart Rewards Card is its minimum eligibility requirements. Applicants must only prove that they can maintain the card with a stable source of income.
Like any other credit card, the Capital One Walmart Rewards Card requires applicants to be of legal age (18 years old) and a resident of the United States. To prove this, applicants need to show documents verifying their age and residential address.
True to its aim to be accessible to more customers, the Capital One Walmart Rewards Card does not require a high credit score or rating. As long as the applicants have a good credit rating and have no history of bankruptcy or bad records, there is a high chance of being approved.
Capital One Walmart Rewards Card Application
The Capital One Walmart Rewards Card application can be done online through the Walmart or Capital One website. There is an option to see if I am pre-approved based on my records on Capital One, especially regarding my credit rating.
To apply for the card, I need to sign in to my account on either website. Then, I only need to provide the necessary documents to proceed. I have to wait for a few business days to get the result of my application.
I have the choice of how I want to get my Capital One Walmart Rewards Card, but the most convenient one is to get it delivered to my house.
Capital One Walmart Rewards Card Additional Benefits
The long list of Capital One Walmart Rewards Card’s perks and advantages never ends. Despite everything already mentioned in this article, there are more benefits that I can enjoy with the Capital One Walmart Rewards Card.
There is a price protection feature, wherein I can get reimbursement for the provided difference if I see an eligible item I purchased with the card. However, there is a maximum of four claims per year only for reimbursement with the Capital One Walmart Rewards Card.
In addition, I can have an extended warranty of additional two years on an existing warranty of two years or less and up to $10,000 for repair or replacement of the purchased items. It is also possible to get access to premier culinary experiences, concerts, and sports events if I use the Capital One Walmart Rewards Card.
Capital One Walmart Rewards Card Address and Contact Information
Since two companies joined forces to offer the Capital One Walmart Rewards Card, there are many ways I can contact them if I have issues with my Capital One Walmart Rewards Card.
Capital One is headquartered at Capital One Tower, McLean, Virginia, and can be contacted at 1-877-383-4802. I can simply visit a Walmart branch if I need to resolve a concern immediately with my card.
Also read: Discover the Advantages of the Capital One Credit Card with Contactless Pay
The Capital One Walmart Rewards Card offers a great opportunity for its customers to earn cashback for every transaction, especially with buying essentials and groceries at Walmart. If you shop at Walmart often, you can maximize your savings by using this card.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.