Walmart’s latest credit card offer targets holiday shoppers — is it worth it?

Oct 27, 2020

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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.

(Photo by John Gribben/The Points Guy)

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

Featured photo by Harun Ozmen / Shutterstock.

Citi® Double Cash Card

This card offers 2% cash back - 1% when you buy and 1% when you pay

Apply Now
More Things to Know
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Regular APR
13.99% - 23.99% (Variable)
Annual Fee
$0
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.