Walmart's latest credit card offer targets holiday shoppers — is it worth it?
This holiday shopping season will be different than any other.
With social distancing protocols in place due to the pandemic, expect fewer in-store crowds and more frequent sales throughout the season. That, along with online shopping, should replace the typical in-person shopping event that is Black Friday.
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Walmart is one of those retailers ditching their regular Black Friday model. Instead, Walmart will have three separate savings events spread across the month of November. To coincide with the holiday season, Walmart is launching a new, limited-time sign-up bonus on the Capital One® Walmart Rewards® Card.
New cardholders will get a $50 bonus after spending $300 in the first three months after approval. This offer is valid for applicants at Walmart stores beginning Nov. 1, 2020, through Dec. 26, 2020, and for those who apply online from Nov. 17, 2020, through Dec. 1, 2020.
Related: Best cards for holiday shopping
The information for the Capital One Walmart card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
The offer can be combined with the existing promotion for 5% cash back at Walmart stores during the first 12 months after approval when using Walmart Pay.
Other perks on the cash-back earning Walmart card include:
- 5% cash back at Walmart.com (including contact-free Pickup and Delivery)
- 2% cash back on Walmart in-store purchases
- 2% cash back on restaurants and travel, including food delivery
- 1% back everywhere else Mastercard is accepted
Related: Best no-annual-fee credit cards
Earlier this year, Walmart also introduced its Amazon Prime competitor, Walmart+.
Walmart+ subscribers can take advantage of their benefits as a Walmart Rewards cardholder. That includes a 5% "Scan and Go" in-store discount (for 12 months after approval) and 2% cash back on fuel purchases at Walmart and Murphy USA Fuel Stations on top of the five-cent fuel discount you'll receive through a Walmart+ membership.
Related: A guide to online grocery delivery services
Bottom line
With 5% back on Walmart items online and 2% back on dining and travel, the Walmart credit card has a solid return across a number of common spending categories. But similar to other store credit cards from Amazon and Target, it only makes sense to apply if you're loyal to the brand.
If Walmart is one of your go-to shopping destinations, now is certainly one of the best times to apply for the card. If you're only an occasional Walmart shopper, consider other card alternatives with no annual fee.
Related: Your guide to maximizing shopping portals for your online purchases
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month