The Ultimate Guide to Credit Cards
Thursday, May 19, 2022

Walmart Credit Card Review (2022)

Walmart Credit Card Review ([current_year])

Store Credit Card

Ashley Dull
By: Ashley Dull
Posted: July 29, 2019
Advertiser Disclosure

When Sam Walton founded the first Wal-Mart store in 1962, it's doubtful he could have imagined his company becoming the world's largest retailer, netting more than $480 billion a year in revenue. Indeed, who could have imagined that from his single store would spawn nearly 12,000 more, with locations in 28 countries around the world, operated by a workforce of more than 2.3 million employees.

As you'd expect from the world's largest retailer, Walmart (as it's been known since 2008) provides a wide range of general merchandise, selling everything from clothing to housewares in its discount department stores, as well as groceries and prepared food in its Super Walmart stores. Helping customers save on those everyday items, Walmart Credit Card users earn cash back on Walmart purchases, including bonus rewards for shopping online at Walmart.com.

Walmart Card Overall Rating: 2.7/5.0

There's something about Walmart that has an exponential effect on your shopping: you head into the store for just one or two items — but end up leaving with half a dozen more. And it's exactly that effect that makes the Walmart Credit Card dangerous for anyone who might carry a balance, as the card's 23.9% APR is only competitive when compared to other store cards or subprime cards.

As far as its rewards are concerned, the Walmart Credit Card offers a decent return for online shoppers, providing 3% cash back on purchases made through Walmart.com. Cardholders also earn 2% cash back on gas purchased from Walmart or Murphy gas stations, which is a competitive rate for those who live nearby (locations do not exist in every state). On the other hand, the 1% rewards on in-store Walmart purchases isn't really all that great — even if you add on the 1% at Sam's Clubs, as well.

Walmart Credit Card

  • APR: 23.90% as of Jul 2019
  • Annual Fee: $0
  • Rewards: Earn 3% back on Walmart.com purchases
★★★ 2.7/5.0

It could be argued that the biggest perk of the Walmart Credit Card is actually the signup bonus, which earns you a $25 statement credit after your first purchase of $25 or more made with your card the day you're approved. While not a huge bonus, the Walmart Credit Card has no annual fee to cancel out your savings.

Of course, the bonus has a few caveats. It only works if you apply and shop online, and you have to make your purchase the day you're approved. You also won't earn rewards on your initial bonus-earning purchase. On the plus side, if you're not immediately approved when you apply (this sometimes occurs when information needs to be augmented or verified), you'll receive a comparable offer certificate in your cardholder package if approved.

Approval Requirements & Application

As America's most-shopped discount store, you'd think the Walmart Credit Card would be available to those with poor credit — and you'd likely be wrong. While some reviewers report being accepted with lower scores, the consensus is that you generally need a credit score of 620 or above to qualify. You can typically apply for the card in-store, but you'll be better off heading online using the link below to take advantage of the associated signup bonus.

Better Cards to Use at Walmart

Despite its immense inventory, you can't really find everything at Walmart — so why limit yourself to a card that limits you? With a paltry 1% cash back for in-store purchases and gas rewards that just can't compete with some of the other options, the Walmart Credit Card will rarely be your most lucrative way to pay unless you make most of your purchases through Walmart.com, and the high APR makes carrying a balance akin to financial masochism.

A better option for saving on all of your purchases, from everyday needs to out-of-the-ordinary expenses, is an all-around, open-loop credit card that can be used wherever you need to shop — including Walmart. With myriad options for earning rewards and even skipping interest fees, you can likely find the perfect card for your individual financial lifestyle.

Cash Back

When it comes to cash back rewards, even the most basic card will likely give you the same 1% (or more) on in-store purchases as a Walmart Credit Card, plus you'll be able to use it at thousands of additional merchants. Many cash back cards will also offer bonus categories, some yearlong and others that rotate quarterly, offering 2%, 3%, or even 5% cash back on qualifying big-box purchases.

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
15.24% - 23.99% Variable
$0
Good/Excellent

0% APR

With an APR well over 20%, the Walmart Credit Card is a bad idea for anyone who tends to carry a balance, as the interest fees can quickly overcome any rewards you earn. A good way to avoid paying more for your purchases than you need to is by taking advantage of a credit card with an introductory 0% APR offer. These offers can provide 12 months or more of interest-free financing, letting you pay down your balance over time without worrying about interest fees piling on.

0% INTRO APR RATING

★★★★★

4.8

OVERALL RATING

  • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 15.24% - 23.99% on balance transfers and purchases after the introductory period ends.
  • Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
  • Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
  • All for no annual fee - You won't have to pay an annual fee for all the great features that come with your Slate Edge℠ card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 18 months
0% Intro APR on Balance Transfers 18 months
15.24% - 23.99% Variable
$0
Good/Excellent

Travel Rewards

Trudging down aisle after aisle in the search for Bobby's socks and Betty's notepaper, many of us likely find our minds wandering to daydreams of hot stone massages, fruity drinks — and magical dishes that wash themselves. With a great travel rewards credit card, each menial purchase can mean more points or miles you can use to pay for airfare, hotel stays, and the other travel expenses that can get you out of the aisle and onto the beach.

AIR MILES RATING

★★★★★

4.9

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.24% - 24.24% (Variable)
$95
Excellent, Good

Unless the bulk of your buys occur online, the Walmart Credit Card is a mediocre option for most consumers, its rewards barely holding a reasonably-priced candle to the cushy cash back and travel rewards of a better card. And when it comes to APR — well, unless you're going to pay off your entire balance every month, stay away from the Walmart Credit Card and choose a card with a 0% APR offer, instead.

What Others Say About the Walmart Credit Card

While it's difficult to find anyone who hasn't been in a Wally World, you may actually not know someone with a Walmart Credit Card to ask for advice. We've put together a collection of reviews to give you a second, third, and fourth opinion about the ups — and downs — of the card.

SuperMoney.com
A review from SuperMoney.com says:

Walmart's credit cards offer half-decent benefits and are available to people with credit scores as low as 550. Walmart reports to all three credit bureaus and usually approves requests for a credit limit increase after six months of regular payments. This makes it an attractive option for people looking to rebuild their credit while they earn some rewards on the side. The rates are higher than most cards, so avoid this card if you plan to keep a balance. Instead, use this card to build your credit by requesting a credit limit increase every six months and keeping your credit usage as low as possible. Walmart bases approval for credit limit increases on soft pulls of your credit, so don't worry about credit inquiries bringing your score down. — SuperMoney.com

★★★ 2.5/5.0
MyBankTracker.com
A review from MyBankTracker.com says:

After rounding out the Walmart store credit card review and providing details on benefits, feature, and fees, it's time to decide whether or not this card is for you. If you frequently shop at Walmart stores and fill up at Walmart gas stations, the Walmart® Credit Card provides those with lower credit ratings an opportunity to save money with the special in-store financing offer and the sign-up bonus. However, one of the only ongoing benefits of the Walmart® Credit Card is the gas discount, which isn’t competitive when compared to other gas credit cards. Further, many other credit cards on the market like the BankAmericard Cash Rewards™, Citi Simplicity®, and Discover it®, offer similar benefits that actually allow you to get more for your money, even if you use them for the occasional Walmart purchase. — MyBankTracker.com

★★ 2/5.0
WalletHub.com
A review from WalletHub.com says:

I have had a Walmart store card for several years and I am very happy with it. I can do everything online with this card. I can shop at Walmart.com with it. I can get my statements and pay them online. It has been very convenient. I also get a discount on gas when I pay at the pump with my Walmart card and when gas prices were higher, that was a big benefit. On the few occasions when I've had to do returns, it has been super easy even without a receipt because it's very easy for them to verify the purchase. I just try to keep this card paid off the same month or next month at the latest because the interest can get you, but if you use it responsibly and not charge more than you can afford to pay at the next statement date, it's not an issue. — WalletHub.com

★★★★★ 5/5.0

Is the Walmart Card Right for You?

With more than $480 billion a year in revenue, you'd think Walmart could swing a better credit card — but, sadly, that's not the case. Perhaps valuable for shoppers who spend a lot through Walmart.com thanks to the 3% bonus cash back rate, the 1% rewards rate for in-store purchases makes the Walmart Credit Card less-than-ideal even for regular shoppers.

Yes, in a bit of colloquial irony, the best credit card deals for shopping in Walmart aren't actually from the store that prides itself on offering the best deals. Overall, the vast majority of customers will benefit far more from an all-purpose credit card with better rewards and/or a more reasonable APR than that of the Walmart Credit Card.

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