What is the average credit score needed to get approved for the Capital One Walmart Rewards® Mastercard®?

Capital One reviews your credit history and application to determine if you qualify for the Capital One Walmart Mastercard. Although it didn’t specify the average score needed to get approved, you need to have a good or excellent credit score to enjoy low interest rates. A good FICO score ranges from 670 and 739, and an excellent score is 800 or above.

Does the Capital One Walmart Rewards® Mastercard® report to all three credit bureaus?

Yes, it reports to all three credit bureaus: Experian, Equifax and TransUnion.

Is the Capital One Walmart Rewards® Mastercard® application process lengthy? Can you prequalify?

You can prequalify for this credit card without risking your credit score. The online application process takes only 15 minutes to complete.

What information is needed to apply for the Capital One Walmart Rewards® Mastercard®?

You need to supply your personal information (name, date of birth and social security number), contact information (residential address, email address and phone number) and financial information (employment status, total annual income and monthly rent/mortgage).

Does the Capital One Walmart Rewards® Mastercard® have good customer service or satisfaction?

According to a 2021 J.D. Powers report , Capital One ranks third for customer satisfaction, implying the issuer’s excellent customer service record.

Does the Capital One Walmart Rewards® Mastercard® have a mobile app or the option to pay or manage your account online?

Yes. The Capital One mobile app allows you to manage your account from anywhere. With this app, you can access your balance, check your transactions and pay your bills.

Does the Capital One Walmart Rewards® Mastercard® raise credit limits automatically or charge for limit increases?

You need to submit a request to the bank if you wish to raise your credit limit. To be eligible for a credit line increase, you must demonstrate a history of making timely payments or paying larger amounts each month to reduce your balance.

Does the Capital One Walmart Rewards® Mastercard® offer the option to freeze your credit/account or have other security features?

Yes, this card offers a few security features. If Capital One notices suspicious activity on your account, you will be notified via email, text and phone. You can also lock your card with a few taps if it has been misplaced, stolen or lost.

Does Capital One offer other credit cards besides the Capital One Walmart Rewards® Mastercard®?

Yes, to name a few, Capital One offers Platinum Mastercard, QuicksilverOne Rewards and Venture Rewards credit cards.

MoneyGeek’s Take

Capital One Walmart Rewards® Mastercard® Review

Capital One Walmart Rewards® Mastercard® is ideal for frequent Walmart shoppers, with an unlimited high-reward rate of 5% back on online purchases with this retailer. This card also features no annual fees and no foreign transaction fees.

Advertising & Editorial DisclosureLast Updated: 11/13/2022

Reviewed By

Brett Holzhauer

Last Updated: 11/13/2022

The Capital One Walmart Rewards® Mastercard® is an excellent choice for those who frequently shop at Walmart. Its high rewards rate is redeemable toward purchases at Walmart stores, other retailers and even flight and hotel accommodations.

The rewards you earn on your purchases are also unlimited and don’t expire unless you close your account. However, this card has a variable APR based on your creditworthiness. Hence, you can benefit most from this card if you have a good credit score.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Recommended Credit
Good - Excellent

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

Capital One Walmart Rewards® Mastercard® at a Glance

If you’re sure to pay off your balance each statement, you can net benefit from the Capital One Walmart Rewards® Mastercard®’s high cash back rate. It offers unlimited rewards that don’t expire — including 5% cash back for purchases at Walmart.com, an introductory 5% cash back bonus for purchases in Walmart stores for the first year (2% after that), 2% cash back at fuel stations, restaurants, and on travel, and 1% on other eligible transactions. Plus, they have no annual fees, so you get a lot of value for no extra expense.

Capital One Walmart Rewards® Mastercard®
A good no-annual-fee cash back card for people who shop at Walmart frequently
- Good - ExcellentRecommended Credit
- 1%-5% Cash BackRewards Rate
- $0Annual Fee
- 3.00%Cash Back Rate (Avg Value)
Pros
No annual fees
5% cash back at Walmart.com
Extra cash back on in-store purchases during the first year
No foreign transaction fees

Cons
5% cash back only through Walmart.com and the Walmart app
Need good to excellent credit to qualify
Cash advance and balance transfer fees
No annual or foreign transaction fees
5% cash back at Walmart.com and the Walmart mobile app (pickup and delivery)
2% cash back at Walmart stores, at restaurants and on travel purchases
1% cash back on all other purchases
5% cash back on Walmart in-store purchases for the first year when you use Walmart Pay
Redeem cash back for a statement credit, as a check, to cover previous purchases, for gift cards or for travel purchases
$0 fraud liability
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.

Pros & Cons Explained

To determine whether this card is the best option for your needs, MoneyGeek breaks down the Capital One Walmart Rewards® Mastercard® benefits and shortcomings.

Pros

Benefits
Description
Unlimited Rewards That Never Expire
With a whopping 5% cash back rate on Walmart purchases online and 2% cash back in-store, you can stock up on rewards. For example, if you spend about $500 per month shopping online at Walmart.com, you could earn 30,000 points per year, equivalent to $300 in cash. That’s not including money spent on in-store purchases, your 2% cash back on dining, travel and fuel purchases, or 1% cash back from other retailers.
Flexible Rewards Redemption
Redeem your rewards in cash back, or get them in statement credits, gift cards, travel and more. More choices equals better value for your money.
No Annual Fee
You can enjoy all the perks mentioned above with no annual fee.
No International Transaction Fees
Don’t worry about paying extra when you use this card outside the U.S., as it has no foreign transaction fees.

Cons

Drawbacks
Description
No 0% Introductory APR
Doesn’t offer 0% introductory Annual Percentage Rate (APR) on purchases or balance transfers, so you’ll be paying interest from the get-go.
High Interest Rate
Based on your creditworthiness, you’ll get either a 17.99% – 27.74% APR.
Requires Credit Approval
To qualify for this card, you must have good or excellent credit.

LOOKING FOR THE BEST CREDIT CARDS OF 2022?

Although several notable perks come with this card, it didn’t make our list of top-rated cash back credit cards. If you're looking for better choices, you can review our list of the best cash back credit cards of 2022.

Bonuses & Rewards Explained

With the Capital One Walmart Rewards® Mastercard®, you can earn the most rewards shopping at Walmart.com. There are no caps or expiration dates for the points you earn with the card. It also offers the following bonuses and rewards.

Earn Cash Back

To maximize your rewards, earn 5% cash back on purchases made through Walmart.com or the Walmart mobile app. You’ll also earn 2% back on purchases you make at Walmart stores, 2% back on travel and dining purchases and 1% back on other purchases. The rewards you earn are unlimited and do not expire.

Introductory Offer

Capital One Walmart Rewards cardmembers who use Walmart Pay earn 5% cash back in Walmart stores for the first 12 months after approval, then 2% after that.

Redeem Rewards in Several Ways

You can redeem your cash back as a check or a statement credit. You can also claim rewards to cover a new or recently made purchase, buy gift cards or pay for travel.

Other Features Explained

Aside from the rewards, there are other notable features of the Capital One Walmart Rewards® Mastercard® worth considering.

Card Feature
Description
Fast and Easy Pre-Approval Process
Check your Capital One Walmart Rewards® Mastercard® pre-approval online without affecting your credit score.
Security Alerts
If Capital One notices suspicious activity on your account, you will be notified via email, text and phone.
Capital One Mobile App
Easily manage your account wherever you are. Access your balance, check your transactions and pay your bills.
$0 Fraud Liability
You will not be liable for any unauthorized charges if your card is lost or stolen.
Card Lock
The card can be locked with a few taps if it has been misplaced, stolen or lost.

MONEYGEEK QUICK TIP

The Capital One Walmart Rewards® Mastercard® offers the most rewards when you shop at Walmart.com or use the Walmart mobile app, where you'll earn 5% cashback. Given the card's high interest rate, timely payments can help you take advantage of the card's earning power.

Understanding the Fine Print

Knowing a credit card’s hidden fees and interest rates is crucial when determining if it’s right for you. Here’s what you need to know about the Capital One Walmart Rewards® Mastercard®.

Card Feature
Amount or Rate
APR
17.99% – 27.74%
Annual Fee
$0
Cash Back Rewards
Rewards Rate
1%-5% Cash Back
Airline Benefits
Rewards Rate on Groceries
1x
Rewards Rate on Gas
1x
Rewards Rate on Dining
2x
Rewards Rate on Entertainment
1x
Rewards Rate on Online Shopping
1x
Rewards Rate on TV, Phone, Internet Services
1x
Rewards Rate on Air Travel
2x
Rewards Rate at Hotels
2x
Balance Transfer Fee
3%
Balance Transfer APR
17.99% – 27.74%
Late Fees
$39
Cash Advance Fee
3%
Cash Advance APR
27.74%
Foreign Transaction Fee
None

Regular APR
The APR for purchases and quick cash is 17.99% – 27.74% depending on your creditworthiness.
Annual Fee
There is no annual fee for this card
Cash Back Reward Rate
With the Capital One Walmart Rewards Card, you earn 5% cash back on your purchases via Walmart.com, 5% cash back on your Walmart Pay purchases for the first year, 2% back on dining and travel and 1% back on all other purchases.
Balance Transfer APR and Fee
The APR for transfers is 17.99% – 27.74%, depending on your creditworthiness. There's also a 3% fee for each transferred balance that posts to your account, while there is no fee for balances transferred at the Transfer APR.
Cash Advance Fee
Each cash advance will result in a fee of either $10 or 3% of the amount, whichever is higher.

WHERE TO FIND THIS INFORMATION?

It’s important to compare features, fees and rates of cash back rewards credit cards to determine the best option for your needs. To find this information on a card you already have, look at your last billing statement or visit your card issuer's website or app. You may also find information through the credit card agreement database provided by the Consumer Financial Protection Bureau (CFPB).

Who Should & Shouldn’t Consider Capital One Walmart Rewards® Mastercard®?

Other Considerations for Capital One Walmart Rewards® Mastercard®

The right credit card for you should be based on your needs and lifestyle choices. The way you utilize your card can affect your financial status. So if you want to avoid serious financial difficulties, here’s what you need to consider before choosing this card.

Things to Consider if This Will Be Your First or Only Credit Card

If you decide to use this credit card as your first or only credit card, keep in mind the high APR when deciding which purchases to make — any rolling balances will result in significant interest. However, if you maintain healthy paying habits, you can benefit from this card's high rewards rate and unlimited cash back.

Things to Consider if This Will Be an Additional Card in Your Wallet

The Capital One Walmart Rewards® Mastercard® lets you earn ample cash back on your Walmart purchases without paying an annual fee. This card also doesn't charge foreign transaction fees, making it a great option if you travel abroad. It makes the most sense to add this card to your wallet if you’re an avid Walmart shopper looking for a card that rewards you for your spending habits.

WHY TRUST OUR REVIEWS:

This Capital One Walmart Rewards® Mastercard® review followed a well-defined methodology, examining consumer reports from the Consumer Financial Protection Bureau. Standard data points were used to compare fees, rewards, bonuses and estimated average spending profiles.

How Capital One Walmart Rewards® Mastercard® Compares to Other Cards

Due to its zero annual and international transaction fees and its generous rewards rate, this card stands out among other cash back credit cards. Ultimately, weighing its merits compared to other cards depends on your credit card needs and spending habits.

Quick Comparison of Capital One Walmart Rewards® Mastercard®

Capital One Walmart Rewards® Mastercard®

Annual fee: $0
Purchase APR: 17.99% – 27.74%
Cash back rate: Up to 5%
International transaction fee: 0%
Best for: Frequent Walmart shoppers who want to redeem rewards for their purchases

Ink Business Cash® Credit Card

Annual fee: $0
Purchase APR: 16.24% – 22.24%
Cash back rate: 5%
International transaction fee: 3%
Best for: Business owners who wish to earn rewards on their day-to-day expenses

Other Helpful Decision-Making Q&As

MoneyGeek answered some frequently asked questions about the Capital One Walmart Rewards® Mastercard® to help you decide if this card is right for you.

Still not sure about this card? Consider these options.

If you're still unsure about getting the Capital One Walmart Rewards® Mastercard®, consider some of the other cards you can use to earn big rewards. You can choose a rewards card, a balance transfer card, or a store card as an alternative to a cash back card.

View All Credit Cards

Learn more about credit cards in general

sources

Capital One. "Capital One Walmart Rewards Card." Accessed April 14, 2022.
Consumer Financial Protection Bureau. "Credit Card Agreement Database." Accessed May 10, 2022.
J.D. Power. "2021 U.S. Credit Card Satisfaction Study." Accessed May 10, 2022.

*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.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.