Capital One Officially Takes Over Walmart Credit Card

After a long dispute between Walmart, Synchrony, and Capital One, the new Walmart credit card has launched! There are actually two different credit cards that you can chose from. A MasterCard that can be used anywhere, and a store card that only works at Walmart, more details are listed down below:

Card Summary

Both cards offer similar benefits, however only the Mastercard will be able to earn in certain categories that pertain to spend outside of Walmart.

Both cards come with a sign up bonus of earning 5% back in the store when using Walmart Pay for 12 months and neither card has an annual fee. The reward categories are broken down as follows: 

  • 5% Back at walmart.com or grocery pickup
  • 2% at Walmart in store, gift card purchases
  • 2% Back for restaurants and travel (Mastercard only)
  • 1% For any other purchase (Mastercard only)

Interestingly enough, the Mastercard does not have an foreign transaction fee, which makes sense because of its reward category on travel. Also, as a quick note, holding the Walmart card does not count towards the Capital One Rule of having 2 cards max with them.

Final Thoughts

The Walmart card is actually an interesting card. For those of you that do shop at Walmart regularly, it could offer some good rewards. Most other credit cards consider Walmart a warehouse store, so you’ll only earn the minimum 1%. Depending on how you shop, you could earn anywhere from 2-5% back with this card. For a family that shops there regularly, it could be really beneficial, and as close as you can get to the 6% you get with the Blue Cash Preferred at grocery stores. 

There is one additional benefit that many may have not considered, but this could technically be a decent card to travel with too. For those out there that don’t care too much about earning miles, the Walmart Mastercard earns 2% back on travel, and does not have a foreign transaction fee. This would be better than some travel oriented cards that only offer 1.5% back on all purchases. 

Overall, what are you impressions on the changes that Capital One is bringing to the Walmart credit card? Let us know down in the comment section below!

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