The partnership between Capital One and Walmart has ended, so it is no longer possible to apply for this credit card.

The Capital One® Walmart Rewards® Card offers up to 5% cash back on Walmart purchases to help frequent shoppers save even more. With no annual fee, this card amplifies Walmart’s everyday low prices.

This cobranded card from large national bank Capital One and leading retailer Walmart provides strong incentives for spending at Walmart stores and online. Cardholders earn varying cash back rates based on the type of purchase, with the highest rewards going to Walmart.com spending.

Benefits of Capital One® Walmart Rewards® Card

As a Walmart shopper, you will be impressed by the benefits that this credit card offers. Here are the key benefits offered by it.

• Earn 5% cash back on Walmart.com including pickup and delivery orders;
• Get 2% cash back on Walmart in-store purchases (5% for the first 12 months);
• Receive 2% back at restaurants and on travel expenses;
• Earn 2% cash back at Walmart and Murphy USA gas stations;
• 1% cash back on other purchases.

With rewards structure directly linked to Walmart spending, this card goes above and beyond general cash back cards to offer maximum savings to loyal customers. Rewards can be redeemed for statement credits, Walmart gift cards, or cash.

Prerequisites

The Capital One® Walmart Rewards® Card has flexible approval guidelines to accommodate applicants across different financial situations. Approval decisions focus primarily on an individual’s creditworthiness rather than income level or other strict thresholds. This increases accessibility and allows the card to serve a wider range of consumers.

Those new to credit or currently rebuilding credit often qualify for one of the lower credit limits if approved, generally $300 to $500. This allows responsible usage for establishing or re-establishing healthy credit. Current credit scores around 670 or higher have the best approval odds and qualify for higher initial limits up to $5,000 or more.

While the card is suited for all financial backgrounds, keep in mind it is a credit card, not a debit card or prepaid card. So, applicants must undergo a hard credit check and evaluation before any possible approval. Those currently going through bankruptcy or carrying excessive revolving balances may need to improve financial health before having the best approval chances.

Overall, flexible requirements allow the Capital One® Walmart Rewards® Card to appeal to and serve all types of Walmart shoppers. Spending levels matter less than responsible usage for long-term rewards.

About Capital One

Capital One is a Virginia-based bank founded in 1988 as a credit card company. It has since expanded to become one of the largest banks in the U.S. with retail locations nationwide.

Known for innovation and technology, Capital One invests heavily in digital platforms and capabilities. It leverages data and analytics to provide customized financial products to consumers and businesses. With extensive experience in credit cards and banking, Capital One is well-positioned to offer the Capital One® Walmart Rewards® Card.

Who is this card for?

The Capital One® Walmart Rewards® Card is ideal for frequent Walmart shoppers interested in earning rewards on their spending. Specifically, consumers who regularly shop at Walmart.com, use Walmart Grocery Pickup or Delivery, or spend over $500 per month at Walmart can maximize savings.

With no annual fee, the card appeals to all budgets. Approval is based on creditworthiness rather than income, making it accessible for various income levels. Overall, this card best serves Walmart devotees looking to save even more during each shopping trip.

Step by Step to Apply

Follow these steps to apply for the Capital One® Walmart Rewards® Card:

1. Click here to access the online application;
2. Enter some basic personal information like name, address, date of birth, and Social Security Number;
3. Review the terms and conditions and submit the application;
4. Receive an instant decision on your application;
5. If approved, select your card delivery preferences and start using your card.

You can also download the Capital One or Walmart app for iOS and Android to help manage your account.

PRESS HERE TO DOWNLOAD THE CAPITAL ONE WALMART REWARDS MOBILE APP ON IOS

PRESS HERE TO DOWNLOAD THE CAPITAL ONE WALMART REWARDS MOBILE APP ON ANDROID

Positives and Negatives

The Capital One® Walmart Rewards® Card has several excellent benefits for frequent Walmart shoppers. You’ll earn an unlimited 5% cash back on all Walmart.com purchases, which is extremely generous compared to most other store credit cards. With no annual fee or foreign transaction fee, you get these rewards at no extra cost. Redeeming rewards is straightforward by requesting a statement credit or Walmart gift card. Special financing promotions are also offered periodically on big-ticket Walmart purchases to drive additional savings.

Even though the online rewards rate is compelling, the Capital One® Walmart Rewards® Card does have a few limitations to consider. The APR on purchases and balances is relatively high, ranging from 18.99% up to 29.99% depending on your credit score. This makes carrying balances costly. In-store purchases also only earn 2% back after the first year, significantly reducing rewards for visiting physical Walmart locations. Most card benefits focus exclusively on Walmart spending rather than general purchases. And with reporting to only TransUnion, any responsible account usage isn’t reflected across all the credit bureaus to maximize your credit scores.

While extremely rewarding for heavy Walmart spenders, the card falls short for those with more diverse shopping habits. The high APR also makes carrying a balance costly. Here are the additional sections:

How to Unlock the Card

Follow these steps when you receive your new Capital One® Walmart Rewards® Card:

1. Call the number on the sticker on your card. This is typically 1-800-CAPITAL or 1-877-383-4802;
2. When prompted, enter your 16-digit card number along with some personal information like your home address, date of birth, or Social Security Number. This verifies your identity;
3. Create a Personal Identification Number (PIN) when asked. Choose a 4-digit PIN that is easy to remember but hard to guess. This PIN will be used for card activation;
4. After identity verification, select the “unlock card” option to activate your card for use on purchases.

Once unlocked, sign the back and you’re ready to use your card while earning rewards.

Fees & Interest Rates

The Capital One® Walmart Rewards® Card has no annual fee or foreign transaction fee. There are also no charges for balance transfers or cash advances.

Purchase and balance transfer APR ranges from 18.99% to 29.99% depending on your creditworthiness when approved. This variable rate will fluctuate over time based on the Prime Rate.

Late fees can be up to $40 and returned payments cost $29. Paying interest costs can add up over time if you carry a balance month-to-month.

Customer Service

Contact Capital One with any questions about your Walmart credit card account using the following options:

• By phone at 1-877-383-4802;
• Via secure online message by logging into your account;
• Through the Capital One mobile app (iOS and Android);
• By mail at P.O. Box 31293 Salt Lake City, UT 84131.

The Capital One website also provides resources like FAQs, guides for account management, and contact options if your card is lost or stolen.