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The information for the following product(s) has been collected independently by Business Insider: Capital One Walmart Rewards® Mastercard®†, Chase Freedom Flex®, Citi® Double Cash Card. The details for these products have not been reviewed or provided by the issuer.
Introduction to the Capital One Walmart Rewards® Mastercard®†
The Capital One Walmart Rewards® Mastercard®† is a good choice for frequent Walmart shoppers, and comes with perks you might not expect from a store-branded credit card. But if you don't shop at Walmart that often, one of the top rewards credit cards or no-annual-fee cards is probably a better fit.
Capital One Walmart Rewards Card Review
Store credit cards are usually not the best option if you want to maximize credit card rewards based on your spending. While it can be tempting to apply for a store credit card to get a discount upfront, in many cases, the benefits of opening a store card are short-lived.
You could also end up getting stung by exorbitant fees and interest if you end up carrying a balance, because one drawback of store cards is that they are notorious for charging extremely high rates. This is one of the reasons why we normally recommend avoiding store credit cards.
The Capital One Walmart Rewards® Mastercard®† doesn't quite fit the store credit card mold. You can use it anywhere Mastercard is accepted, and it earns strong rewards in certain categories — including 5% cash back at Walmart.com (including pickup and delivery) with no cap. Cardholders also earn 2% back in Walmart stores, at Murphy USA and Walmart gas stations, and on restaurants and travel, and 1% back on all other eligible purchases.
For a no-annual-fee card, the Capital One Walmart Rewards® Mastercard®† comes with surprisingly good benefits, including purchase protection, price protection, and extended warranty. And if you're approved for the World Elite Mastercard version of the card, you'll receive even more perks, including cell phone protection.
That said, this card really only makes sense if you spend a substantial amount on Walmart.com purchases. Otherwise, you'll likely do better with a credit card that earns bonus rewards across broader categories, like the Chase Freedom Flex® , or a flat-rate cash-back card like the Citi® Double Cash Card or Wells Fargo Active Cash® Card.
Capital One Walmart Rewards Card Rewards
Welcome Bonus
The Capital One Walmart Rewards® Mastercard®† is no longer available to new applicants.
How to Earn Rewards
The Capital One Walmart Rewards® Mastercard®† earns rewards in the form of points, although its earning structure is framed as cash back. Cardholders earn:
- 5% cash back on delivery or pickup purchases made through Walmart.com or the Walmart mobile app
- 2% back on purchases made at Walmart stores in the US and Puerto Rico, and at Walmart and Murphy USA gas stations
- 2% back on dining and travel purchases
- 2% back on the purchase of gift cards at Walmart (online, app, Walmart Pay, or in stores)
- 1% back on all other eligible purchases
There's no limit to how much cash back you can earn in any of these categories.
How to Use Rewards
With the Capital One Walmart Rewards® Mastercard®†, you'll have several options for redeeming points, and rewards don't expire as long as your account is open. Redemption options include:
- Cash back — as an account credit, during online checkout, to erase a previous purchase, or in the form of a check
- Gift cards
- Travel through the Capital One Travel Portal
Your points are worth 1 cent apiece no matter how you use them. For instance, if you want to erase a $100 purchase or redeem for a $100 travel charge, you'd need 10,000 points.
Read more: The best travel credit cards
Capital One Walmart Rewards Card Benefits and Features
Most store credit cards don't offer much in the way of additional features, but the Capital One Walmart Rewards® Mastercard®† actually comes with compelling benefits. Capital One issues two versions of the card — a World Mastercard and a World Elite Mastercard — and the latter comes with more perks.
World and World Elite Mastercard Benefits
Regardless of whether you've got a World or World Elite version of the Capital One Walmart Rewards® Mastercard®†, you'll receive the following benefits:
Purchase assurance
Mastercard purchase protection can cover eligible items bought with your card against damage or theft within 90 days of purchase. There's a coverage maximum of $1,000 per loss and $25,000 per cardholder account per 12-month period. Other restrictions apply so be sure to read the fine print.
Price protection
If you bought an eligible item with your card and find a lower advertised price within 120 days of purchase, you could be eligible for reimbursement of the price difference.
Extended warranty
When you use your card to purchase a new, eligible item with a US manufacturer's warranty of 24 months or less, extended warranty doubles the original manufacturer's warranty up to a maximum of 24 months.
Mastercard ID Theft Protection
Identity theft is an ongoing concern, but when you have the Capital One Walmart Rewards® Mastercard®†, you're eligible for complimentary access to a suite of identity theft online resolution services. These include identity monitoring, dark web scanning, credit bureau monitoring, and lost wallet assistance.
World Elite Mastercard Benefits
When you have the World Elite Mastercard version of the card, you'll get access to additional perks.
Cell phone protection
When you use the card to pay your monthly wireless bill, you're eligible for cell phone protection against covered theft or damage, up to $800 per claim and $1,000 per covered card per 12-month period. There's a $50 deductible per claim and a maximum of two claims per 12-month period.
World Elite Mastercard Concierge
The World Elite Mastercard Concierge can help you arrange things like hard-to-get restaurant reservations or theater tickets, help with trip planning, and remind you of important dates. It doesn't cost anything to use the service, but any third-party costs are your responsibility.
Identity fraud expense reimbursement
If you're a victim of identity fraud, you could be reimbursed for up to $1,000 in eligible losses per claim.
Travel assistance services
When you run into trouble more than 50 miles from home, you can access a travel and emergency assistance hotline that can help arrange things like legal and medical referrals, prescriptions, translation services, and more. Keep in mind any third-party costs are your responsibility.
Car rental insurance
When you decline the rental company's collision insurance and charge the entire rental cost to yourcard, you're covered for theft and collision damage on most cars. In the US, coverage is secondary to your personal insurance — otherwise, it's primary insurance.
Travel accident insurance
If you used your card to pay for your fare, you could be covered for up to $1,000,000 in travel accident insurance.
Trip interruption/cancellation insurance
You can be reimbursed for up to $1,500 if your non-refundable travel is canceled or interrupted for a covered reason.
Baggage delay insurance
If your bags are delayed by four hours or more, you could be reimbursed for essential purchases (like clothing and toiletries) up to $100 per day for up to three days.
Lost or damaged luggage insurance
When you pay for your fare with the card and the carrier damages or loses your bags, you could be covered for up to $1,500 per incident for repairing or replacing your checked and/or carry-on luggage and contents.
$0
N/A
19.48% or 29.99% Variable
Earn 5% cash back on purchases in Walmart® stores
Good to Excellent
- You'll earn a strong 5% cash back on Walmart.com purchases, including pickup and delivery (with no limit on what you can earn)
- Restaurant and travel purchases earn 2% cash back, as do in-store Walmart purchases in the US and Puerto Rico
- No annual fee and no foreign transaction fees
- Many comparable no-annual-fee cash-back cards come with a substantial welcome bonus or other valuable benefits
For a no-annual-fee card, the Capital One Walmart Rewards® Mastercard® comes with surprisingly good benefits, including purchase protection, price protection, and extended warranty. That said, this card really only makes sense if you spend a substantial amount on Walmart.com purchases.
Capital One Walmart Rewards® Mastercard®†Capital One Walmart Rewards Card Annual Fees and Other Costs
The Capital One Walmart Rewards® Mastercard®† doesn't have an annual fee. It doesn't charge foreign transaction fees, either, so it's a good choice for international purchases.
As with most credit cards, there are fees for cash advances, balance transfers, and late payments.
Capital One Walmart Rewards Card Card Comparison
Capital One Walmart Rewards Mastercard vs. the Walmart Rewards Card
In addition to the Capital One Walmart Rewards® Mastercard®†, there is a Walmart Rewards Card that can only be used at Walmart and Walmart properties. You can use the Capital One Walmart Rewards® Mastercard®† anywhere that Mastercard is accepted, so it's generally a more convenient option.
Capital One Walmart Rewards Mastercard vs. the Amazon Prime Visa
The Prime Visa is another popular store credit card, available to Amazon Prime members with no annual fee. Choosing between the two may come down to where you shop more, but unlike the Capital One Walmart Rewards® Mastercard®† the Prime Visa does offer a more traditional welcome bonus: $200 Amazon Gift Card instantly upon approval exclusively for Prime members. In addition to earning 5% at Amazon, the Prime Visa earns 5% back on Whole Foods and Chase Travel Portal purchases.
Capital One Walmart Rewards Card vs. the Blue Cash Everyday Card from American Express
Our final card comparison pits the Capital One Walmart Rewards® Mastercard®† against a popular card for earning cash back on everyday expenses: the Blue Cash Everyday® Card from American Express. This card has a $0 annual fee and earns 3% cash back at U.S. supermarkets on up to $6,000 spent per year, then 1% back; 3% cash back on online retail purchases on up to $6,000 spent per year, then 1% back; and 1% back on all other purchases (cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout).
If you shop at a variety of U.S. supermarkets, not mainly at Walmarts, you may be better off with the Blue Cash Everyday® Card from American Express. Another advantage is that it comes with a welcome bonus of $200 statement credit after you spend $2,000 in purchases on your new card in the first six months of card membership.
Blue Cash Everyday Card Review
Capital One Walmart Rewards Card Frequently Asked Questions
To qualify for the Capital One Walmart Rewards® Mastercard®†, you should have a credit score in the good to excellent range. According to the FICO model, a good credit score is 670 or above, and an excellent credit score is anything above 800.
It could be worth getting a Walmart card if you frequently shop at Walmart, because you'll earn 5% back at Walmart.com and 2% at Walmart stores in the U.S. and Puerto Rico, and at Walmart and Murphy USA gas stations. Especially for online Walmart purchases, this is a great rate of return on your spending.
The disadvantage of a Walmart card is that you can earn more cash back or points on non-Walmart purchases with another card. A Walmart card will be most rewarding for purchases at Walmart only, but for non-Walmart purchases, you should consider other cash-back cards. Some options can earn you as much as 2% back on every purchase.
Why You Should Trust Us: How We Reviewed the Capital One Walmart Rewards Card
Our review of the Capital One Walmart Rewards® Mastercard®† and the numerical score we assigned to the card are based on our credit card rating methodology. We evaluated the card across a handful of categories, including rewards, annual fee, benefits, and options for redeeming rewards.
In every case, we compare a card with other similar cards — so in this case, we compared the Capital One Walmart Rewards® Mastercard®† to other store credit cards and to low- or no-annual-fee cards that offer a high return on grocery spending.
For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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