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Walmart® Mastercard® Review

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Walmart® Mastercard®

Earn 3% Back as a Statement Credit on Purchases Made Through Walmart.com and the Walmart App

The Walmart® Mastercard® offers you some solid ways to make paying off your monthly bill a little bit easier and stress-free. Whether you’re spending directly in a Walmart store, on Walmart.com, at a Walmart gas station or anywhere else, you’ll be earning rewards that will apply as a statement credit come payment time.

Any purchases you make at Walmart.com or through the Walmart App will earn you 3% back, and you’ll get 2% back anytime you buy gas at a Walmart or Murphy USA station. Every other Walmart® Mastercard® transaction will receive 1% back. On top of that, when you open a Walmart® Mastercard® and spend $25, you will receive a $25 statement credit.

The Walmart® Mastercard® never has an annual fee, and its annual percentage rates (APRs) are 18.65%, 21.65%, or 24.65% Variable, depending on your credit score and history. There’s no ability to do a balance transfer to this card, though, and Walmart currently has no plan in place to support that feature.

Smart Features

$25 sign-up bonus – After spending $25 following the opening of your account, you will get back a $25 statement credit.

Periodic 0% APR financing options – At times special financing promotions may be offered – anywhere from six to 24 months with 0% interest. Terms and conditions may apply.

No annual fee - There is no annual fee associated with the Walmart® Mastercard® .

Get Walmart rewards back - Purchases made with the Walmart® Mastercard® online at Walmart.com will receive 3% back, fuel purchases made with either Walmart or Murphy USA will receive 2% back and everything else earns you 1% back.

  • Smart Tip: It’s important to remember that the 3% back rate does not apply to those purchases made with Walmart in-store -- only those completed online and through the Walmart App are included at that percentage back rate.

Using your rewards - Unlike many other retailer-specific cards, the Walmart® Mastercard® only allows you to apply your rewards earned as a credit statement every month directly to your bill.

Limitless rewards totals - Walmart doesn’t impose any sort of rewards cap on your purchases, meaning you can earn as large of a statement credit as you want every month.

Rewards don’t expire - As long as your account is in good standing with Walmart, your earned rewards will never expire.

Keeping up with your rewards 24/7 - By logging into your cardholder account at Walmart.com/creditlogin, you can see where your rewards currently stand that month.

Who It Benefits

The Walmart® Mastercard® is clearly meant for prospective cardholders who are truly looking to make Walmart their top destination for most of their daily purchases, both online and in-store. Buying products that meet your regular needs and filling up on gas will earn you monthly rewards that will help you pay off your bill when it comes time to pay it.

If you’re someone who’s already into online shopping, or you’re looking to do it more often, the 3% back rate that benefits those who make purchases with their Walmart® Mastercard® makes this a great option for anyone like that.

Everyone needs a new laptop or any number of other high-priced items every now and then, so Walmart periodically offers 0% APR financing for in-store purchases.

How It Works

Walmart® Mastercard® cardholders will get 3% back in rewards for every purchase made on Walmart.com and the Walmart App, 2% back on all purchases of fuel through either Walmart or Murphy USA and 1% on all other charges. Rewards will then be applied monthly as a statement credit to your bill, helping you pay off your balance in the process. As a sign-up bonus for spending at least $25 online for your first purchase, you’ll get back a $25 statement credit.

Any rewards you earn have no expiration date, and there’s no limit to how many you can accrue during a month’s time. You can track these rewards 24/7 at Walmart.com.

This card falls short in its lack of flexibility to spend your rewards. In fact, the rewards are automatically applied each month to help cover the balance of your bill, with no choice left to you.

In addition, the $25 back on your first $25 or more in purchases is one of the least significant bonus offers on the retail credit card market. For reference, Best Buy offers 10% back in rewards on first day purchases with the My Best Buy® Visa®, which can easily be worth significantly more than Walmart’s bonus.

It’s also important to remember that the offer of 3% back in Walmart rewards only applies to purchases made through the retailer's website, Walmart.com, and the Walmart App. This is not to be confused with any buys made with Walmart in-store.

Another potential drawback is that you cannot currently do any balance transfers with this card, because Walmart has no program in place to accept debt from another credit card.

Just the Math Please


As a Walmart® Mastercard® cardholder, you’ll earn 3% back in rewards on purchases you make through Walmart.com and the Walmart App, 2% back in rewards on gas purchases you make with both Walmart and Murphy USA and 1% back in rewards on all other buys. These rewards amounts will be automatically used as a statement credit that applies to cover a portion of your monthly bill.

Rates and Fees

Annual Percentage Rate (APR) for Purchases and Quick Cash Advances

18.65%, 21.65%, or 24.65% Variable, when you open your account, based on your creditworthiness and other factors. After that, your APR will vary with the market based on the Prime Rate.

APR for Balance Transfers


APR for Cash Advances

21.65%, 24.65%, or 27.65% Variable, when you open your account, based on your creditworthiness and other factors. After that, your APR will vary with the market based on the Prime Rate.

Penalty APR and When It Applies


How to Avoid Paying Interest on Purchases

Your due date is at least 23 days after the close of each billing cycle. You will not be charge any interest on purchases if you pay your entire balance by the due date each month.

Annual Fee


Transaction Fees

  • Cash Advance: Either $5 or 3% of the amount of each cash advance, whichever is greater.

  • Foreign Transaction: 3% of each transaction.

Penalty Fees

  • Late Payment: Up to $38

See all Rates and Fees

How It Stacks Up

There aren’t any Walmart-related credit cards on the market that direclty compete with the Walmart® Mastercard® , but we can compare it in a relative sense to the Target REDcard™ Credit Card that offers comsumers a similar proposition, just through a different retailer.

The Target REDcard™ Credit Card is discount-centric, as opposed to the rewards nature of the Walmart® Mastercard® . More specifically, you will receive a 5% discount off the majority of your in-store and online spending at Target, along with a 10% off coupon every year on your account anniversary.

Because rewards take time to build, while discounts are instant, some might be inclined to jump right at the Target REDcard™ Credit Card. But the Target card includes a given 25.15% variable APR, which is the highest possible rate you could receive with the Walmart® Mastercard® , no matter your credit score.

Of course, you might have an affinity for either Walmart or Target, and that could make your decision right there. But if you’re on the fence as to which retailer to commit to based on the credit card offers, you essentially have to decide between the rewards and discounts that the Walmart® Mastercard® and Target REDcard™ Credit Card specialize in, respectively.

Bottom Line

If you’re going to be shopping often with Walmart both in-store and online, it makes complete sense to become a Walmart® Mastercard® cardholder. The 3% back in rewards on purchases you make through Walmart.com and the Walmart App, 2% back in rewards on gas purchases you make with both Walmart and Murphy USA and 1% back in rewards on all other buys gives cardholders some room to make their monthly bill-pay a little less stressful, as all rewards you earn become a statement credit. Even with this perk, there are a plethora of other benefits to keep in mind. Still, as with most retail credit cards, make sure you can afford the high interest rates that come along with it prior to applying.