How the Walmart Rewards Mastercard Stacks up vs. Competitors
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
If you're a fan of Walmart's generally lower prices and shop online to get them, the Capital One® Walmart Rewards™ Mastercard® can be a great pick for expenses in and out of the store. The $0-annual-fee card earns:
5% back on Walmart.com purchases and on items purchased through the Walmart app (including items you buy online for in-store pickup as well as for Walmart Grocery Pickup and Delivery).
2% back on in-store purchases at Walmart (including at both Murphy USA and Walmart gas stations), as well as on travel and restaurant expenses.
1% back on everything else.
There's no traditional upfront bonus or 0% intro APR offer, but those ongoing rewards are among the highest you'll find on a store credit card. And because Walmart sells basically everything, you can earn bonus rewards on, well, basically everything — not to mention in several common household categories.
Here's how that compares with other top cards.
The Capital One® Walmart Rewards™ Mastercard® offers the following incentive for new cardholders: Earn 5% back on purchases in Walmart stores when you use this card in Walmart Pay for the first 12 months after approval. Walmart Pay is a digital wallet accessible through the Walmart app that allows you to use your phone to pay at checkout. As a temporary bonus category that requires a specific payment method, it is not factored into the comparisons below.
Prime Visa
Annual fee: $0, but an annual Amazon Prime membership is required, starting at $139 per year ($69 per year for students).
Rewards: 5% back at Amazon.com and Whole Foods Market; 2% back at restaurants, gas stations, plus local transit and commuting (including rideshare); 1% back on all other purchases.
Sign-up bonus: Get a $100 Amazon Gift Card instantly upon approval exclusively for Prime members.
APR: The ongoing APR is 19.49%-27.49% Variable APR.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: The Prime Visa has the same 5%/2%/1% rewards split, just in different categories — but there's one Prime question, literally: How much is Amazon Prime worth to you? Membership is a costly requirement, and there's no membership needed for the Capital One® Walmart Rewards™ Mastercard®. But Prime does pack a ton of perks, including free shipping. Walmart.com orders under $35 have a shipping fee. Brand loyalty also factors in. If you make Whole Foods your go-to grocer, you'll net 5% back with the Prime Visa. The Capital One® Walmart Rewards™ Mastercard® can match that, but only for groceries at Walmart.com, and only for pickup or delivery. Both cards offer a way to earn 2% back on gas, but you would have to buy all of your gas at Walmart fuel stations with the Capital One® Walmart Rewards™ Mastercard®.
» MORE: Full review of the Prime Visa
More about the Capital One® Walmart Rewards™ Mastercard® |
Target Circle™ Credit Card
Annual fee: $0.
Rewards: 5% discount on all eligible Target purchases.
Sign-up bonus: N/A.
APR: The ongoing APR is 29.95% Variable.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: Target offers three cards: A debit card; a Mastercard that can be used virtually anywhere; and the Target Circle™ Credit Card, which can be used only within the Target brand. The Mastercard isn't available for direct applications but may be offered as an upgrade from the Target Circle™ Credit Card. Still, all Target cards give you the same upfront 5% discount on eligible Target or Target.com purchases, which may be easier than keeping track of different rewards rates. Like Walmart, Target already offers free shipping on orders over $35 — but unlike the Capital One® Walmart Rewards™ Mastercard®, the Target Circle™ Credit Card extends that benefit to orders under $35 as well (with some exceptions). You'll also get a 10% discount every cardholder anniversary, plus an extended return policy — neither of which is available with the Capital One® Walmart Rewards™ Mastercard®. What you won't get with any Target card, however? Rich ongoing rewards on spending outside of Target.
Costco Anywhere Visa® Card by Citi
Annual fee: $0. But you must have a Costco membership, which starts at $60 per year.
Rewards: 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter; 3% back on restaurants and eligible travel purchases; 2% back at Costco and Costco.com; 1% back on all other spending.
Sign-up bonus: None.
Intro APR: The ongoing APR is 20.49% Variable APR.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: The Costco Anywhere Visa® Card by Citi offers higher rewards on gas, travel and restaurant spending than the Capital One® Walmart Rewards™ Mastercard®, and the same 2% back on in-store purchases. However, to get the card you must have a Costco membership, and that isn't free. Plus, unlike the Capital One® Walmart Rewards™ Mastercard®, there's not a lot of redemption flexibility. With the Costco Anywhere Visa® Card by Citi, you get your rewards once a year in the form of a certificate. Redemption choices are limited to cash back or merchandise.
The Sam's Club® Mastercard® is another co-branded wholesale club card option, and similar pros and cons apply: higher rewards, but a membership fee. The card is worth noting, though, given its exceptional rewards rate on gas and the relatively low annual cost of Sam's Club membership. For more information, see our full review.
Citi Double Cash® Card
Annual fee: $0.
Rewards: 2% cash back on every purchase: 1% back when you buy, 1% back as you pay for those purchases.
Sign-up bonus: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back..
APR: 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 19.24%-29.24% Variable APR.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: The Citi Double Cash® Card isn't a store card, but you could consider this flat-rate cash-back card a good one to use at any store, whether you shop online or in person. For the latter group — and there are likely many shoppers who prefer to browse Walmart's physical aisles rather than its virtual ones — this card can earn you the same cash-back rate there as the Capital One® Walmart Rewards™ Mastercard® does, but you'll earn it everywhere else, too, as opposed to only on travel and restaurant spending. No need to keep track of bonus categories. The 0% intro APR offer could also be helpful if you're looking for some breathing room on existing debt.
Discover it® Cash Back
Annual fee: $0.
Rewards: 5% cash back in rotating quarterly categories on up to $1,500 in purchases each quarter (requires activation); 1% back on all other purchases. In the past, bonus categories have included things like grocery stores, gas stations, restaurants and more.
Sign-up bonus: INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
APR: 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 17.24%-28.24% Variable APR.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: The Walmart Rewards Mastercard's highest rewards rate tops out at 5% and is limited in scope, but the Discover it® Cash Back offers the ability to earn 5% back in several categories on a rotating quarterly basis throughout the year. It's a good pick for seasonal shoppers: Consider that its 5% bonus categories for Q4 2019 are Walmart.com, Amazon.com and Target (in-store and online). Now that's some serious variety for your holiday shopping needs. And while the Capital One® Walmart Rewards™ Mastercard® offers no traditional upfront sign-up bonus, the Discover it® Cash Back features a potentially lucrative one.
Blue Cash Preferred® Card from American Express
Annual fee: $0 intro annual fee for the first year, then $95.
Rewards: 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 6% back on select U.S. streaming subscriptions; 3% back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more); 1% back on all other purchases. Terms apply (see rates and fees).
Welcome offer: Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Terms Apply.
APR: 0% intro APR for 12 months on purchases and balance transfers, and then the ongoing APR of 19.24%-29.99% Variable APR.
How it compares with the Capital One® Walmart Rewards™ Mastercard®: The Blue Cash Preferred® Card from American Express offers some of the highest cash-back rewards you'll find on groceries, but it does pack a $0 intro annual fee for the first year, then $95. You would have to spend only about $31 per week in that category to break even on that annual fee, and that doesn't even take into account the card's generous welcome offer or its earnings on streaming services, gas and transit. On typical everyday household expenses, the Blue Cash Preferred® Card from American Express outearns the Capital One® Walmart Rewards™ Mastercard® in most areas, with one potentially deal-breaking exception: online shopping. You should also be aware that with the Blue Cash Preferred® Card from American Express, superstores like Walmart and wholesalers like Sam's Club aren't considered bonus categories, meaning you'd earn only a meager 1% back at such retailers.
Find the right credit card for you.
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.
