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Apply of the Capital One Walmart Rewards Card

See how to access the Capital One Walmart Rewards credit card NOW!

Capital One Walmart Rewards Card
Source: Capital One Walmart Rewards Card

Personal data requested: You need to inform your first name and last name to start your prequalifying process. Date of birth and Social Security Number are also required to be prequalified for this credit card.

Your address information is important to receive your credit card in your mailbox. Inform your correct street, number or apartment, your zip code, city and state. Your contact information required is mobile phone and email address.

Banking Information

Your banking information is collected to give information about your financial life. You will be asked to inform what kind of banking account you have, being possible to choose between these categories:

  • Checking only
  • Checkings and savings
  • Savings only
  • Neither

Employment information: You can choose between some options to describe your employment status: self-employed, unemployed, employed, retired, student or other. Your total annual income and monthly rent must be informed too.

I have a bad credit score, can I apply for this credit card?

This is a credit card that only can be used by people with good credit scores. It is a credit card that gives you the best options for earning rewards. Against the majority of store credit cards this is a credit card that is not available for those who cannot prove their good or excellent credit score.

Disadvantages

Your rewards reduce after the first year holding this credit card. Then, you only can earn up to 2 points per dollar or 2%. Other similar credit cards offer more points after the first year.

If you buy something online or in the Walmart mobile app with your credit card, you still earn 5 points. This promotion is available for grocery delivery or pickup purchases too.

You need to present evidence that you have a good or excellent credit score. People with bad credit scores cannot receive an offer of this credit card, but can apply for Walmart Rewards Card that is not accepted outside Walmart.

It is not possible to redeem your Walmart rewards into cash and receive it in your bank account. But you can have multiple redeem options and you win many rewards in the first year.

If you delay your bills payments you can have some penalties applied to these situations. The 39 dollar fee is the value that you pay if you delay your payments to this credit card.

Conclusion

Capital One Walmart Rewards Card
Source: Capital One Walmart Rewards Card

This is a credit card that is only available for those people who have a good or excellent credit score and do not charge annual fees. If you have a bad credit card score, you can be able to be a Walmart Rewards Card holder.

Unfortunately, you need to pay some extra fees like APR fees that can reach values up to 26,99%. You do not pay foreign transaction fees. If you travel a lot, this credit card can be interesting for being your first choice to pay your travel expenses. You can earn multiple rewards if you pay your travel expenses using this credit card.

You can redeem your rewards into gift cards or discount options in your Capital One Walmart Rewards Card. Your gas station expenses can be converted into rewards if you do purchases on Sam’s Club gas stations.

In your first year holding this credit card you can earn rewards both in your expenses in Walmart physical stores or purchases made on the official website or in the mobile app. In next years you can earn rewards with maximum value only on your Walmart website purchases or your purchases done in the mobile app.

The maximum reward value is 5 points per dollar spent. The minimum value for rewards is 2 points per dollar spent. The value of 2 points is available in the physical stores purchases after the first year holding this credit card.

Gas station expenses can be converted into rewards with 1% values. If you buy something in grocery stores both in delivery or pickup orders you can have a 2% rewards option. Restaurant expenses in travel situations can also be converted into rewards.

Sam Nascimento

Graduated in law Specialist in economics, investment and personal finance. Its focus is to change people's financial lives.