Posted by Chuck on September 27, 2019
Credit Cards

Published on September 27th, 2019 | by Chuck

108

[Live] Walmart Launches New Credit Card with Capital One; 5% Back for Online Purchases & Introductory 5% In-Store

Update 9/27/19: Card is now live. Added the direct application link and image below, along with a bit more detail.

Small update 9/19/19: Reader Don notes that a letter being sent out makes it clear that gift card purchases earn 2% across all channels, including online. So no 5% on gift cards. Updated below.

Walmart Credit Card

Direct Application Link

The anticipated new Walmart credit card, issued by Capital One, will become available on September 24, 2019. The card will offer 5% cash back on walmart.com purchases, and an  introductory offer of 5% back at Walmart stores for 12 months when using Walmart Pay.

Press Release | Another One

The launch will include two new credit cards:

  • The Capital One Walmart Rewards Mastercard – this is a credit card which can be used anywhere.
  • The Walmart Rewards Card – this is a store card which can only be used at Walmart.

Reward Details

Both cards will earn unlimited:

  • 5% back on purchases at Walmart.com, inclusive of Walmart Grocery Pickup and Delivery
  • 5% back on in-store purchases when using Walmart Pay for the first 12 months after approval as a special introductory offer
  • 2% back on Walmart purchases in stores outside of the introductory offer
  • 2% back on gift card purchases online and in-store at Walmart (certain financial products are excluded from earning any cash back)
  • 2% back on restaurants and travel
  • 1% percent back everywhere else with the Capital One Walmart Rewards Mastercard version

Other Details

  • No annual fee
  • No foreign transaction fee on the Capital One Walmart Rewards Mastercard version
  • The ability to redeem rewards at any time for travel, gift cards, during online checkout at Walmart.com, for recent purchases and statement credits
  • Card will be available for use instantly upon approval
  • TPG confirmed with Capital One that this card does not count toward your limit of 2 Capital One credit cards
  • All 3 credit bureaus will be pulled according to reports, as with a typical Capital One application
  • There are two card options: “We will consider you for the Capital One® Walmart Rewards™ Mastercard®. If we are unable to approve you for this card, we will automatically consider you for the Walmart Rewards™ Card.” You can scroll down on the landing page, and the system will give an option to apply only for the store card version.

Existing Cardholders

Current Walmart cardholders will be converted to the Capital One Walmart Rewards Mastercard or the Walmart Rewards Card and will start earning these new rewards starting October 11, with updated cards arriving in the mail beginning in November. Current cardholders will also be eligible to earn 5% back when they use their card with Walmart’s mobile payment solution, Walmart Pay, for in-store purchases through October 14, 2020.

You can see full transition details here.

Our Verdict

Previously, the card earned 3% online and the regular 1% in store, I believe. This new Walmart card is actually interesting for online shopping with 5% back. Other major retailers like Amazon and Target already have stores cards offering 5% back on all purchases. Walmart isn’t quite as good since the 5% does not work in store, but still interesting for online shoppers. For real heavy Walmart shoppers, the 12-month introductory offer of 5% in store could be pretty interesting too.

If you get the store card version, that will help somewhat negate any 5/24 affect of getting the card, as store cards aren’t supposed to count against 5/24. By default, the system gives you whichever card they deem you eligible (the Mastercard or the store card), but if you scroll down on the landing page, you’ll find an option to apply only for the store card. That’s a smarter option for those concerned about 5/24.

I’m surprised to be saying this, but this launch may actually be useful for some people.



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patoot10
patoot10

Nice. buy walmart gift cards online and use them at stores + samsclub + sams/walmart gas and they are also giving the signup bonus to converted members through Oct 2020

googlre10
googlre10

Now they both know, what you purchased item by item. Not sure, they add the exclude clause for walmart gift cards.

Maria
Maria

Already have the Walmart MC and only use it for when I need cash as with this hobby I pay for everything with cc’s.

FindingMyPossible
FindingMyPossible

How are you using it to get cash?

Maria
Maria

It gives the option for cashback when checking out. So a pack of gum usually gets me 40 bucks

FindingMyPossible
FindingMyPossible

Does this count as a cash advance or a purchase? Do you get points/cash back on the entire transaction?

Maria
Maria

Yes

Information Booth
Information Booth

With the current Walmart store card…one of the benefits is that you can get up to $100 cash back with any purchase. It counts as a purchase… not as a cash advance. John 3:16

ocheriedear
ocheriedear

Same for the Sam’s Club MC.

Maria
Maria

I’ve gotten $200 at a time before

DaveInAZ
DaveInAZ

I’ve had the Walmart store card for several years and use the cash back option regularly. It “counts as a purchase” in there are no cash advance fees and no interest if you pay in full by due date. But it does NOT count as a purchase for any rewards, kinda makes sense they’re not going to give you X% rewards for giving you free money until the next due date.

Pointz
Pointz

I wonder if we can PC other Cap One card to this. I never use my Quick silver otherwise. And if thats possible will we get intro 12 month offer

PJ
PJ

Same here, but haven’t had any luck getting a PC to Savor card, so I am not too hopeful for a change to this one.

AL_PF
AL_PF

That’s pretty rare for a co-branded card. I’d be surprised if they allow it.

Nick
Nick

Oh boy this will be abused to death by people buying visas in store.

Celia
Celia

I thought that most Walmarts stopped allowing credit cards for VGC. Besides, I would think most people already have a 5% avenue for those cards through office supply stores or grocery stores.

Now for Walmart gift cards to use at Sam’s…

Samosa
Samosa

Celia which personal CC with 5% cash back would you suggest for MS? The one I can think of is Amex blue cash everyday that gives 3%CB on grocery stores, but the card is sort of useless because Amex is MS sensitive.

Frank

Amex gold at grocery, CIC for office

Ken
Ken

@Samosa, I believe Celia was referring to the Discover and Chase Freedom cards that offer 5% cashback on groceries in one of their quarterly categories. The AmEx Blue Cash Preferred with $99 AF has 6% cashback up to $6K at US supermarkets.

Electroman

For grocery stores – shop at ones that don’t provide level three data to AMEX, and you’ll be fine. For example – Safeway brands do provide level three data, but Kroger brands do not.

Jay
Jay

Electroman , what makes you think that Safeway brands provide level 3 data?

Looking on my Amex Statements & Activity log, it only lists “Additional Information: GROCERY STORE” with both of the Safeway brands I use (where e.g. at Office Depot it would list exactly what items (VGC) were being purchased).

Happy to learn sth. new though if you have any information to share… 🙂

elegua
elegua

Exactly, maxed out 2 golds and there is no level 3 data provided, i guess someone told him that, who knows.

Millennial Outrage

Because they provide L3 detail on Visa cards (check Visa Supplier Locater tool), so makes sense they would do the same with AmEx in exchange for lower interchange fees. Just because AmEx doesn’t share that detail with you doesn’t mean they’re not capturing it. 😉

Electroman

What he said. ^^^^ 😉

elegua
elegua

AMEX OBC gives you 5% in grocery stores, best card ever if you do MS.

Ron
Ron

What is Amex OBC ?

Samosa
Samosa

Ron I think elegua is referring to Old Blue Cash credit card by Amex.

Samosa
Samosa

I wish I could PC to OBC

Celia
Celia

I’ve never had an issue at a grocery store with Amex BCP 6% ($95 AF). I’ve also never had an issue with Amex SimplyCash 5% (no AF) at Staples with L3 data. Amex is mostly a problem when you use MS for spending requirements. That’s a no-no.

Ron
Ron

MS = manufactured spend ?
What is Amex BCP card ?
I badly need a glossary . Lol
William Charles do you have a glossary page on DoC ?

MisterBill
MisterBill

BCP = AMEX Blue Cash Preferred card. I had an offer for $150 cash back when I spent $1000 if I converted my regular Blue Cash to it. There have apparently been better offers but not currently.

Samosa
Samosa
William Charles
Rabbmd
Rabbmd

It is only instore for Walmart pay. And im pretty sure the registers are hard coded against using walmart pay for prepaid vgc and mgc (I tried, believe me with my att access and more). I don’t see how this gets abused.

Jay
Jay

I had the same experience playing around with Walmart pay, and therefore also come to your conclusion.

But maybe someone is willing to share a super-duper way to circumvent it… 🙂

aubergine
aubergine

Try it with self checkout. DP’s of it working there.

Ken
Ken

Will Capital One know what customers buy at Walmart stores, especially gift cards? Hope they won’t clawback the earned cashback like AmEx does when they see big spendings at Walmart stores.

The Value Traveler

If they threw in a free tarp I’m in

AL_PF
AL_PF

I wanted a pumpkin tbh

atrader4
atrader4

There are going to be some really angry people who just wanted a 2-liter of pop.

Taz
Taz

I think I’ll stick to buying Walmart gift cards @ Walmart Neighborhood Markets for 4x Amex Pts with my Amex Gold card.

Celia
Celia

Taz Amex codes Walmart Neighborhood as grocery? Work for the BCP too? I don’t have one near me but there is one right by my car dealership that I am at once in a while.

elegua
elegua

There are few CC that code wally as grocery for a 3% CB and miles also.

anthonyjh21
anthonyjh21

The two where I live both code grocery. Oddly enough they don’t for visa though.

Mike
Mike

Yes, in my experience Walmart Neighborhood Markets code as grocery on Amex. Confirmed on Hilton basic, Hilton surpass, and EveryDay cards. Don’t have the BCP, but highly doubt it would code differently. Might want to do a trial purchase at your specific store.

aubergine
aubergine

code as grocery on Visa too.

steven
steven

Not for long if you keep mentioning it

AKJohnny
AKJohnny

disco has Walmart at 5% in q4 and double that for first year cardholders is 10% back at WallyWorld… not a bad deal at all… I’ll do that before doing the wall gift card.

arch
arch

Discover 4th quarter is WM.com, not in store

Don
Don

Since Discover does not give Level 3 data (that I am aware), this is one where you could presumably buy giftcards on Walmart.com (since the 5% does not apply to in-store Walmart purchases) and then spend in store at Walmart as a work-around. The problem appears to be that I have read numerous threads in the past in which Walmart sometimes cancels these orders without reason (particularly if one is not a frequent purchaser on the site; probably a “security” knee-jerk reaction).

arch
arch

It would take me a long time to use $1500 of WM GC, even with Sams and the Neighborhood Market

Electroman

If you have Freedom, use PayPal to buy WM e-Gift cards from Gyft. 5% back this quarter and totally within bounds for everybody. You can load these to WalMart pay, print them out, or let the cashier scan the gift card bar code on your phone.

aubergine
aubergine

gyft purchases via paypal seem to always lock up whenever i try to buy more that $100 at a time. i have mostly given up and not used it in the last 6 mos

SamL
SamL

Any mention of an intro 0% APR period?

Don
Don

None. The big intro bonus – for both existing cardholders converting from Synchrony to Cap 1 along with new applicants – is a 12 month period in which one will receive 5% on in-store purchases (if Walmart Pay is used) rather than the usual 2%.

SamL
SamL

If you have Bank of America Cash Rewards Card, choosing Online Shopping, and have Preferred Rewards Program – Platinum Honors, then you get 5.25% cashback, and can get this on WM/SC gift cards bought online, which you can then use in store (instead of 3.5% directly using card in store), though it’s limited to $2,500 per quarter (per card, so multiple cards help).

That slightly beats this 5% for this WM card. However this card would be uncapped, so it still might be worthwhile to not have to bother with caps, at a slight loss of 0.25% cashback.

Jonathan
Jonathan

The other benefit of going that route is that you can stack Bumped for your gift card purchases on SamsClub.com to get another half a point back in stock.

diggs
diggs

Can’t believe I never thought of that. I’ve had BOA Pref Rwds PH for a while now along w/ 4 different Cash Rewards cards (one generic, the rest associated w/ some organization). Ordered $500 in GC’s from Wally using a ShopSafe CC #, right before ShopSafe’s demise tomorrow (9/20/2019).

I can still order in the future w/o using ShopSafe, but I cringe at using my real CC # at Wally.com (due to their many past and probably ongoing security issues).

I always delete any saved payment info on Wally.com immediately after placing an order to (try to) limit exposure of that info at their site. It’s still stored in their DB’s though, so an internal employee w/ the right access (and bad intentions) or a skilled hacker who steals the info from their DB’s can still abuse that “deleted” payment info.

SamL
SamL

Another poster Don 812113 quotes letter saying this Cap1 WM CC only will give 2% on GCs. So it’s useless to me (for WM/SC shopping, which is a major spending category for me).

barrytuneup
barrytuneup

having a pref.rewards cash rewards card to get 5.25%+ keeping 20k in a BOA acct at zero . zero.% interest. Plus Merrill with downturn in market is a loser now. Dont see the thinking on that.

YoniPDX
YoniPDX

“Congratulations, …..also enjoy knowing that your data has been pre-compromised by a future Capital one subcontractor, but in the meantime enjoy 5% off in-store purchase….” 😉

SamL
SamL

Cap1 – so is it triple HP?

SamL
SamL

Another poster confirms it is the usual Cap1 triple HP.

Christian
Christian

Applied today and got approved. I honestly do all my shopping there so 5% back in store is a no brainer. Sides Capitol One deny me for any other card they offer anyways so now I have my foot in the door now.

Currently at LOL/24

Also forgot got to add , employee’s are invited to start applying today and they Also get the lowest APR guarantee if approved which is 17.99%

Doesn’t matter for me since I pay in full but yea

LC
LC

pull all 3 bureaus? also, did give you decent credit limit?

Christian
Christian

$4000 dollar credit line Transunion pulled, haven’t heard anything from Experian yet, I’ll update later

elegua
elegua

If you are an employee you will get more than 5% with the wally employee’s discount that also you can add it online as well, make sense for you to apply.

Christian
Christian

Can confirm it’s a triple pull

bo knows
bo knows

what link did you use to get approved for the current walmart credit card?
I am wanting to get it now, but can’t find any link…walmart has removed current version of credit card application link from their website

Christian
Christian

Employees are invited today to apply everyone else will be at a later date

Jim
Jim

It’s on the home page of OneWIRE, assuming you’re an associate. To be clear, associates can apply for only the MC version early, and NOT the store card version (yet). So, all of the “things to know about capital one cards” apply, which means you’ll need to assume they’ll hit all 3 bureaus, etc.

Mike
Mike

SInce when is !8% a low APR. NFCU and many others have 11-12% Not that it matters anyways if you pay in full.

Christian
Christian

Apologies misunderstanding , the lowest Apr available for the card which is 17.99-26.99. So if an employee applies and gets approved, they will get 17.99 as the Apr

gene
gene

Do store cards typically against you with other issues besides Chase that are worried too much available or recent credit or is Chase the only one that is not concerned about store cards? I never knew their was a different treatment of store cards, can we just get as many of those as we want?

AL_PF
AL_PF

I would actually be interested in this. I do most of my grocery shopping at Walmart, since it’s cheaper than Target, Publix, etc, and I can go at the crack of dawn before all of the nutcases wake up. At an absolute minimum, I’d get $130.00 back in the first year, and likely closer to $200.00. 2% after the first year would be meh, although I’d probably still break it out to order stuff online. Plus, another card without a foreign transaction fee is always nice.

Brendan
Brendan

Why not just buy discounted Walmart and Sam’s cards through Raise.com on a cash back earning card and using a portal from cashback monitor?

Kieri
Kieri

It’s time consuming to track balance on those cards and sometimes they may be used by someone else although Raise offers a one-year warranty you have to check the card history to know. Also Walmart cards are rarely discounted more than 2%

DaveInAZ
DaveInAZ

Regarding the 5% in store with Walmart Pay: Be careful and have a Walmart card as your ONLY payment method in you Walmart account, Walmart Pay does not give you any option to chose which payment method you want to use, it picks the one it wants to charge. I used Walmart Pay last year during a 3% reward promo and it charged a Visa I had as a payment method instead of my Walmart card,

Don
Don

I have always been able to select, unless they changed it recently. You have to affirmatively select it though, otherwise it defaults to what you used last time.

DaveInAZ
DaveInAZ

No recent change, this was when I used it last year. I sure don’t remember any option to select payment option, when I clicked Walmart Pay in the app the camera took over to get the barcode on the terminal. And my Walmart card was what I used last time I only had the seldom used Visa card there for use with Vudu to toss it an occasional swipe.

Amber
Amber

Not true. You have the option of choosing a default card with Walmart Pay (on an iPhone, swipe up and scroll to ‘Credit and Debit Cards’ and choose your default card). I use multiple cards all the time. Plus, you have the option of automatically applying gift cards to your purchase.

anthonyjh21
anthonyjh21

What Amber said ^

gene
gene

Hi. Do store cards like Walmart, Kroger…count against you with most issuers or is it only chase that does not count them towards the 5/24 rules?

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