When shopping for a new card, what you are looking for is the ability to maximize rewards, low fees, interest rates, insurance coverage offered, and the penalties on late payments. You need a card that will suit all of your needs.
Now, if you are a Walmart loyal customer, this Walmart Rewards MasterCard is a great one for you, as it is loaded with some serious benefits and saving options. It is a co-branded card with the Big-Box Behemoth who is easily the country’s largest retailer.
This card is currently aiming for the top-of-wallet status and it’s not only the best when it comes to Walmart purchases, but it can also be used all over the world. Read on to learn more about the Walmart Rewards MasterCard.
Cashback Rewards
You will get 1.25% cashback on all purchases made at Walmart, 1% cashback on purchases made anywhere else that the card is accepted. This card is however not accepted on all locations, but if you constantly shop at Walmart then this card will work great for you.
Redeeming Your Points
This is one of the other great things about this card, it doesn’t have a redemption limit and you have a whole lot of options to choose from.
These include applying for the cards as a statement credit, booking for travel through Capital One’s travel portal, or buying some gift cards through the capital one redemption center.
How to Apply for the Walmart Rewards MasterCard
Apply for the card by logging into the Walmart Credit Card site and get instant approval if you meet all the requirements. In this case, you will get a temporary card number that you can use to make purchases before the physical card comes.
You must provide the following information in order to apply: your name, your Social Security Number, your address, your income details, and your monthly expenses.
The applications, according to Walmart are usually approved or declined instantly, and if there is a delay, it is later on the same day. If you do not get the approval instantly then you may have to wait up to a week in order to hear back from them.
Your application can be declined if it happens to be flagged as fraudulent or if the company requires additional time to verify the information you have provided. You should call them directly at 1 (877) 294-7880 to get help if you have waited for too long.
Eligibility Criteria
You must also meet the following criteria to qualify for the card; you must be 18 years and older, and you must have a mailing address.
You must also have a Social Security Number, and a credit score of 700 and above. Please log on to the Walmart company website to fill in your application form and more.
Interest Rates and Fees
The Walmart Rewards card is a great option if you are looking for a new credit card. However, it is important to consider the fees and charges that this card has, which are listed below.
- Preferred Rate: Primary Interest rate – 19.89% p.a.
- Preferred Rate: Cash Interest rate – 21.49% p.a.
- Standard Rate: Primary Interest rate – 25.99%
- Standard Rate: Cash Interest rate – 27.99%
- No annual fee
- Foreign Currency Conversion – charged at 2.5%
- Cash advance – charged at $4
- Balance transfer fees – $4
- Balance transfer fees equal to or greater than $1000 – $8
- Dishonored check fee – charged at $20 each time a check is dishonored
- Replacement card fee – $25
Contact Information
If you would like to get in contact with a Walmart representative, you can reach them by calling 1 888 331 6133. We have also listed their mailing address below for you.
Wal-Mart Canada Corp
1940 Argentia Road
Mississauga ON L5N IP9
Canada
Conclusion
Since most people shop at Walmart, this is therefore one of the cards you should have in your wallet. The savings and benefits associated with the card are more than worth it. However, ensure that you have compared with other similar cards before making a commitment.
Note: There are risks involved when applying for and using credit Consult the bank’s terms and conditions page for more information.
