In today’s financial scene, credit cards provide convenience and benefits. If you shop often at Walmart, a Walmart Credit Card could be a smart addition to your wallet.
You might want to leverage cash back offers or manage your Walmart spending more efficiently. This guide will walk you through the straightforward steps to apply for a Walmart Credit Card.
Follow these easy steps to start enjoying the perks of this retail-focused card.
About the Walmart Credit Card
The Walmart Credit Card offers two versions. The Capital One Walmart Rewards® Mastercard® is universally accepted wherever Mastercard is used.
Alternatively, the Walmart Rewards Card is only valid within Walmart locations and online. Both cards have a $395 annual fee and offer different benefits.
The Capital One Walmart Rewards® Mastercard® provides:
- 5% cash back on Walmart.com and app purchases, including groceries.
- There is a 2% back on restaurant and travel expenses at Walmart and Murphy USA fuel stations.
- 1% on all other purchases.
- An introductory offer of 5% cash back on in-store purchases for the first year when using Walmart Pay.
- Variable APRs of 19.48% or 29.99%, with a 3% balance transfer fee.
- Redemption options include account credits, cash, gift cards, and travel booking through Capital One. Eligible cardholders may receive additional perks like price protection and travel insurance.
The Walmart Rewards Card offers:
- 5% back on in-store purchases for the first year with Walmart Pay.
- Ongoing 5% back on online purchases, 2% at Walmart stores and gas stations, and 1% at Sam’s Club and its gas stations.
- 29.99% variable APR on all purchases.
- Rewards can be redeemed for account credits, cash, or gift cards.
Good to excellent credit is typically necessary to get a Walmart credit card. Your credit evaluation will determine the specific card you qualify for.
These cards are beneficial for frequent Walmart customers. They offer cash back on various purchase categories and additional perks for qualified applicants.
The Benefits of Using Walmart Credit Cards
Walmart credit cards pack several perks to improve your shopping journey and deliver meaningful rewards. Key advantages include:
- Earn cash back on qualified purchases to reduce your regular expenses.
- Get flexible payment options with promotional financing on specific buys.
- Snag exclusive deals and offers just for cardholders.
- Manage your card online, view statements, and process payments with ease.
- Enjoy peace of mind with robust security and zero liability for unauthorized charges.
- Some cards provide free access to your FICO score, helping you keep tabs on your credit health.
- Enjoy these benefits without an annual fee, enhancing affordability.
These features make Walmart credit cards a smart choice for regular shoppers looking to boost their savings and streamline their purchasing process.
Walmart Credit Card Interest Rates
When you’re considering a Walmart credit card, knowing the interest rates is key, as this can significantly impact your budget. Here’s a simple breakdown:
- Walmart Rewards Mastercard Credit Card: Interest rates range between 17.99% and 26.99%, varying based on several factors.
- Walmart Store Credit Card: Typically, the APR is around 26.99%.
- Walmart Store Credit Card for Business: The APR varies; for the most current rate, refer to the card’s terms and conditions.
These rates might fluctuate based on your creditworthiness, so checking the specific card terms for the most precise information is essential.
Eligibility Requirements
If you’re thinking about applying for a Walmart Credit Card, ensure you meet these criteria:
- Legal Age: Must be 18 years or older.
- Residency: Must be a U.S. resident with a valid Social Security number.
- Credit History: A good credit history is typically necessary.
- Income: You need a steady income to manage payments.
- Debt-to-Income Ratio: This should be within reasonable limits.
- Compliance: Adherence to Walmart’s credit policies is required.
Gathering Essential Information for Walmart Credit Card Application
To apply for a Walmart Credit Card, prepare by collecting key documents and information to speed up the process:
Personal Information:
- Full legal name
- Address of residence
- Date of birth
- Phone number and email address
Social Security Number (SSN):
- Your SSN is needed to confirm your identity.
Financial Information:
- Employer’s name and contact details
- Your total annual income
- Monthly rent or mortgage expenses
- Any additional income sources
Identification:
- A government-issued photo ID, such as a driver’s license or passport, is necessary.
Credit History:
- Details on your existing credit accounts, if any.
Consent for Credit Check:
- Approval to conduct a credit check during the application.
Ensure all documents are ready before starting your application to make the process smoother and increase your likelihood of approval.
Tips for Managing Your Financial Information
When applying for a Walmart Credit Card, managing your financial documents efficiently is essential. Here are practical tips to facilitate a quicker application process:
- Collect all pertinent documents in advance, like pay slips, tax documents, and bank records.
- Use a digital or physical folder to organize and easily access your financial records.
- Prepare a checklist to ensure no required information is missed.
- Verify the accuracy of all financial data to prevent any issues with your application.
- Keep a dedicated section for credit-related documents, including statements from existing cards and credit reports.
Applying for a Walmart Credit Card
Applying for a Walmart Credit Card is straightforward, helping shoppers gain exclusive benefits and rewards. Below is a brief overview of the steps involved in applying for this card:
Online Application
You can apply for a Walmart Credit Card online, which is a handy method to get exclusive perks. Follow this guide for the online application:
- Go to the Walmart Credit Card application website.
- Select between the Walmart Rewards Mastercard and the Walmart Store Credit Card.
- Click “Apply Now” on your selected card.
- Fill in your personal details: name, address, date of birth, and contact information.
- Input your Social Security Number (SSN) for identity verification.
- Provide details about your employment, income, and expenses.
- Confirm the details of your application and submit it.
- A decision will be communicated to you, typically within a few days.
- If approved, your card will arrive by mail.
- Activate your card as per the provided instructions.
This process allows you to swiftly and efficiently apply for a Walmart Credit Card online.
In-Store Request
If you need direct assistance, applying in-store is another option:
- Go to any Walmart location.
- Ask a staff member for an application.
- Complete the form with your personal information.
- For verification, show a valid ID and your Social Security Number (SSN).
- Hand over the application to the staff member.
- If you have questions, feel free to ask the staff for help.
- Typically, you will receive a response within a few days.
- If approved, your card will be mailed to you.
Applying in-store provides the added benefit of personal support, ideal for those who value face-to-face service.
Guide If Your Application is Rejected
If your application for the Walmart Credit Card is rejected, you can take a few steps. First, call Capital One’s reconsideration line at 1-800-903-9177 to get details on why your application was denied.
Legally, under the Equal Credit Opportunity Act, you are entitled to know the reasons for the denial.
Capital One might refuse your Walmart Card application for several reasons, such as:
- Your address isn’t in the 50 U.S. states, Washington, D.C., Puerto Rico, a U.S. military location, or it’s a correctional facility.
- Your disclosed monthly income doesn’t exceed your monthly housing costs by at least $425, or Capital One deems you unable to afford monthly payments.
- You are either under 18 or lack a valid Social Security or Individual Taxpayer Identification Number.
- You’ve applied for another Capital One credit card too frequently within the last 30 days.
- You have a past due or over-limit Capital One credit card account.
- You have a recently charged-off Capital One credit card.
- You are dealing with an unresolved bankruptcy.
- You have placed a credit freeze or lock that prevents access to your credit report.
If you’re sure none of these reasons apply and yet you were rejected, it might be due to the issuer’s assessment of your creditworthiness. To increase your chances in the future, focus on improving your credit score and consider reapplying later.
Contact information
To reach or visit the headquarters of Wal-Mart de México, use the following details:
- Address: 11220 Blvd. Pdte. Manuel Ávila Camacho 487, Mexico City, Mexico City, 11220, Mexico
- Telephone: +52 5552830100
Use these details to connect with the company’s headquarters in Mexico City.
Conclusion
Getting a Walmart Credit Card offers exclusive benefits like cash rewards and special financing options. You can apply online or in-store—both are straightforward methods that can improve your shopping experience and offer significant savings.
Disclaimer: This guide offers a general overview of applying for a Walmart Credit Card. For complete eligibility criteria and specific card benefits, please consult the official terms and conditions from Walmart.
