Are you a shopper at Walmart and you are in search of the best credit card to shop for? Walmart Mastercard is the best you can always opt for. Walmart master card helps you earn rewards on the purchases you make every day. But it is only currently available for Walmart shoppers.
The Mastercard also offers you Walmart reward dollars. This can be spent at Walmart just like cash and there is no annual fee for the card. With Mastercard, you can earn 1% on everything else and 1.25% at the stores. Although the card promises slightly lower interest rates than other cards. It is still crucial to pay the debt in full each month, just like with any other credit card.
Many lower-income households that aren’t eligible for premium credit cards can use this card to earn points. Since the minimum required household income is only $12,000. Walmart Mastercard is also known as a capital one rewards card. Because the capital bank is hosting the card while Walmart is just the card owner.
About Walmart Mastercard
It offers outstanding 5% cash back on purchases made on Walmart.com. And this includes supermarket pickup and delivery orders and has no annual fee. Additionally, the card offers 2% cash back on in-store purchases, which is twice as much as other cash back credit cards.
Benefits of Walmart Master Card
Incentives of no less than 1%
You may be sure you’ll be getting a respectable return on every dollar you spend with the card because it offers at least 1 percent back on every purchase (1.25 percent at Walmart).
In Canada, there aren’t many charge cash back credit cards that have a minimum return of 1%. Your earned Walmart Rewards Dollars are equivalent to $1 each in-store, making them just like cash.
No Yearly Charge
Because there is no annual charge on the card, you never have to worry about making enough purchases to warrant keeping the card in your wallet. Additionally, it provides free add-on cards, allowing you to maximize your ability to collect prizes.
A Free Gift of Up to $25
Despite being a small sum, $25 is still preferable to nothing. You must make at least 2 eligible purchases in the first month, at least one of which must be at Walmart, in order to qualify for the first $15. Then, within two statement periods, you must enroll in electronic statements to receive the final $10.
Low Annual Income Minimal Requirement
The majority of Canadians who want to earn more on regular household purchases can apply for this card because the minimum annual income requirement is $12,000 per year.
Walmart Mastercard Review
Rewards are only Available at Walmart
Because the rewards program is based on Walmart Reward Dollars, you can only utilize your rewards at Walmart and not anyplace else. This is quite restrictive, especially when compared to credit cards that offer cash back.
Lack of Insurance
The card does not include the price protection or travel insurance that other cards include.
Foreign Exchange Conversion Charge
You will be charged a 2.5 percent foreign exchange fee in addition to the current Mastercard exchange rate if you use the card to make purchases in a currency other than Canadian dollars (CAD).
If you make significant purchases in a foreign currency and deduct any points received, this might quickly pile up. The Walmart Rewards Mastercard is not one of the cards that waive this cost, however, there are some that do.
A credit Score is Needed to get Walmart Mastercard
The minimum credit score required for the Capital One Walmart Rewards Mastercard is 640. This means that applicants for the Walmart Credit Card have a chance of being accepted if they have fair credit or better.
Walmart Mastercard Requirements
Before you can apply for the Walmart master card, you need to be eligible for the card. In order to be eligible to apply for the Mastercard, certain requirements are needed to be fulfilled. check below for the requirements needed.
- Age of 18 or older.
- Obtaining a credit score of 640 or higher (fair credit).
- A salary that is at least $425 greater than what you need to pay for housing each month.
- Legitimate SSN or tax ID number.
- A genuine U.S. address (P.O. boxes do not qualify).
After you have all of these requirements, the next thing to know about is how you can apply for the card and also activate it.
How to Apply for Walmart Mastercard
Before you can apply for Walmart Mastercard, you have to visit any of their stores or visit their website online. Once you are at their store visit their customer care to fill out an application form.
When you visit the website online click on the credit card and then apply. you will be asked some important questions like your name, age, date of birth, house address, date of birth, social security number, mobile number, and so on. Or follow the steps and guidelines below;
- Visit walmart.capitalone.com On your device web browser.
- Click on set up an account while on the homepage
- Enter your last name and social security Number or ITIN
- Also, enter your date of birth information
- Then, click on GET STARTED and follow the on-screen instructions.
Walmart Mastercard Login
If you already have a Walmart Mastercard, you will need to sign in to your account using your correct information and details. These credentials include; your username and password. Here are steps and guidelines to access your www.walmart.capitalone.com login account;
- Visit www.walmart.capitalone.com Online.
- Click on the Login icon and this will redirect you to another page.
- Enter your Username on the required field
- Also, enter your Password.
- Then, click on Login.
You can also make use of the Capital One Mobile app to access your Walmart Mastercard account online. However, be sure you are entering the correct information and details.
How Do I Activate MyWalmartrewardsMastercard?
Use the phone number on the back of your card to contact customer support. Type in the card number.
To get your card activated, give the customer service professional your personal information (such as your name, phone number, and Social Security Number) when you are connected.
Walmart Mastercard Customer Service
If you need help or you will like to make further inquiries, you can always contact Walmart Master Card via their contact details. Simply visit the official help page of Walmart Rewards Mastercard Online @ https://www.walmart.ca/en/help/contact-us. Once you get to their official help page, you will find their email address and phone number.
Walmart is a U.S. company that operates a chain of grocery stores, discount department stores, and supercenters and is headquartered in Bentonville, Arkansas.  Sam Walton established the business in the neighborhood of Rogers, Arkansas, in 1962, and it was officially registered under Delaware General Corporation Law on October 31, 1969. Additionally, it owns and runs the retail warehouses for Sam’s Club.
According to the Fortune Global 500 list from May 2022, Walmart is the largest corporation in the world by revenue, with over US$570 billion in yearly sales. It is also the largest private employer in the world, with 2.2 million workers. Given that the Walton family controls the corporation, it is a publicly traded family enterprise.
Through their holding company Walton Enterprises as well as their individual assets, Sam Walton’s heirs control more than 50% of Walmart. In 2019, Walmart was the biggest grocery retailer in the country, and its domestic operations accounted for 65 percent of its US$510.329 billion in sales.