Capital One Walmart Rewards® Mastercard®
vs. Credit One Bank® Platinum Rewards Visa® With No Annual Fee

Updated: June 24, 2024

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Both the Capital One Walmart Rewards® Mastercard® and the Credit One Bank® Platinum Rewards Visa® With No Annual Fee offer enticing cash back rewards without the burden of an annual fee. For frequent Walmart shoppers, the Walmart Card is the superior choice due to its high cash back rates on Walmart.com and additional rewards on dining and travel.

The Credit One Platinum Rewards has an accessible credit score requirement, catering to those with good to excellent credit.

If you're a regular at Walmart, the co-branded Walmart Card will likely serve you best, but for those with excellent credit, the Credit One Platinum Rewards remains an option.

Credit Card logo for Capital One Walmart Rewards® Mastercard®
Capital One Walmart Rewards® Mastercard®
Credit Card logo for Credit One Bank® Platinum Rewards Visa® With No Annual Fee
Credit One Bank® Platinum Rewards Visa® With No Annual Fee
MoneyGeek Rating
3.6/ of 5
MoneyGeek Rating
3.6/ of 5

  • Regular APR
    19.48%, 19.48%, or 29.99% variable
    29.74% variable
    0% APR Offer
    -
    -
    Intro Offer
    Earn 5% Cash Back
    No current offer
    Rewards Summary
    -
    Earn 2% cash back
    Balance Transfer Offer
    -
    -
    Balance Transfer Fee
    3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you
    -
    Annual Fee
    $0
    $0
    Recommended Credit
    580-740 (Fair to Good)
    670-850 (Good to Excellent)
    Penalty APR
    -
    -
    Not sure?

Which Card Is Better for You?

You might prefer the Walmart Card if you frequently shop on Walmart.com or in Walmart stores. With higher cash back rates in various categories, including online purchases, dining and travel, this card maximizes rewards for diverse spending habits. Additionally, the absence of foreign transaction fees makes it a good companion for international travel.

You might prefer the Credit One Platinum Rewards if your spending is concentrated on gas and groceries. The card's 2% cash back on these essential categories can provide consistent savings. Plus, the added benefits of free online credit score access and customizable account alerts offer convenience and control over your finances.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and other features clarifies which card aligns with your financial habits. For example, frequent Walmart shoppers may lean towards the Walmart Card for its higher online cash back, while those with varied spending might prefer the Credit One Platinum Rewards' broader reward categories.

    discount icon

    Regular APR: Walmart Card

    The Walmart Card is better for regular APR, offering a range of 19.48%, 19.48% or 29.99% variable. In contrast, the Credit One Platinum Rewards card has a higher single rate of 29.74% variable.

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    Annual Fee: Tie

    Both the Walmart Card and the Credit One Platinum Rewards have no annual fee, making them equally attractive for those looking to avoid extra charges.

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    Introductory 0% APRs: Tie

    Neither the Walmart Card nor the Credit One Platinum Rewards offers an introductory 0% APR on purchases or balance transfers.

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    Rewards: Walmart Card

    The Walmart Card outperforms in rewards, offering 5% cash back on Walmart.com, including pickup and delivery, and 2% back on Walmart store purchases, restaurants and travel. Additionally, it provides a special 5% back in Walmart stores for the first 12 months with Walmart Pay. The Credit One Platinum Rewards offers 2% on select categories like gas and groceries, making the Walmart Card more versatile for earning rewards.

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    Welcome Offers: Walmart Card

    The Walmart Card is better for welcome offers, providing a specific bonus of 5% cash back on Walmart purchases for the first 12 months when using Walmart Pay. The Credit One Platinum Rewards does not offer any welcome bonus.

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    Recommended Credit Score: Walmart Card

    The Walmart Card is better for individuals with lower credit scores, requiring a minimum score of 580 compared to the Credit One Platinum Rewards' 670. This makes the Walmart Card more accessible to a broader range of credit profiles.

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    Penalties and Fees: Walmart Card

    When comparing penalties and fees, the Walmart Card offers more favorable terms. Unlike the Credit One Platinum Rewards card, it has a lower cash advance fee and no foreign transaction fees.

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    Issuer Satisfaction: Walmart Card

    The Walmart Card's issuer, Capital One, has a better issuer satisfaction rating of 4.2 compared to Credit One Bank's 2.0.

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    Other Features & Perks: Tie

    Both cards offer unique perks. The Walmart Card offers $0 Fraud Liability, which protects you from unauthorized charges. The Credit One Platinum Rewards offers free online credit score access, a mobile app for account management and customizable alerts. Each card caters to different needs, making this a tie.

Rewards Comparison

The Walmart Card edges out the Credit One Platinum Rewards in terms of overall reward value and breadth of categories. With its higher expected reward value of $390 and a diverse rewards structure, it caters well to those who frequently shop online at Walmart and in-store. The 5% cash back on Walmart.com purchases, including pickup and delivery, is particularly lucrative.

While the Credit One Platinum Rewards doesn't match up overall, its 2% cash back on essential services like gas, groceries and various household utilities is noteworthy, especially for those who prioritize these expenses.

For Walmart enthusiasts, the additional perks of shopping with the Walmart Card can add up quickly, making it a compelling option for brand loyalists. However, if your spending is heavily skewed towards the specific categories rewarded by the Credit One Platinum Rewards, it could be a contender for your wallet.

Below is a table of bonus categories to help you compare the rewards programs of both cards.

Category
Walmart Card
Credit One Platinum Rewards

Online Retail Purchases

5% on Walmart.com

1%

In-Store Retail Purchases

2% in Walmart stores, Murphy USA and Walmart fuel stations

1%

Gas

1%

2% on eligible gas

Groceries

1%

2% on eligible groceries

Dining

2%

1%

Redeeming Rewards

With the Walmart Card, redeem your cash back in various ways, including as statement credit and for purchases on Walmart.com. Your rewards remain available as long as your account is active.

The Credit One Platinum Rewards offers similar flexibility. You can apply cash back to your statement or choose from other redemption choices. Rewards do not expire with an open and current account.

Methodology

MoneyGeek evaluates credit cards using a tailored ranking process, assigning scores for various use cases like balance transfers and cash back. The highest scoring category for the Walmart Card and Credit One Platinum Rewards is cash back. The most influential factors in determining these scores are the effective reward rate and the return on investment for offers. For a deeper understanding of our scoring system, you can explore our ranking methodology.

FAQ: Walmart Card vs. Credit One Platinum Rewards

What are the cash back rewards for each card?
Are there any annual fees for these cards?
What are the foreign transaction fees?
What credit score is needed for each card?
How do the APRs compare between the two cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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