When it comes to branded credit cards, it all depends on the market that you enjoy shopping at. If you are loyal to Walmart, then the Capital One Walmart Rewards Card can go a long way.
Unlike some store-related credit cards, this one doesn’t offer any kind of a sign-up bonus. The cashback program is quite friendly, though, and you will be able to enjoy an intuitive Walmart Pay app that will allow you to pay with nothing but your smartphone.
In this article, we will be going through the many features that this credit card offers in order to help you determine whether it is the right option for you. We will also discuss the application process and help you understand the requirements you will need to meet.
Fees and Interest
First, you won’t be paying any kind of annual fee for this credit card. That is quite good, given the fact that most branded credit cards come with yearly maintenance fees that can be anywhere between $90 and $120.
As for the annual percentage rate, it varies between 17.99% to 26.99% depending on both the prime market rate and your creditworthiness. This APR is set for transfers, purchases, and all cash advances. Additionally, there is a $10 cash advance fee, or 3% of the sum, depending on which is greater.
As for late payment and penalty charges, these can be up to $39. Given this information, it is pretty safe to say that the Capital One Walmarts Rewards Credit Card offers reasonable fees and interest rates, especially when you compare it to the cash rewards that you are potentially getting.
If you are interested in knowing more about how a bank determines APR, as well as some ways to improve your credit score, we suggest that you check this website out.
How To Apply
When it comes to applying for the Capital One Walmarts Rewards Credit Card, there are a couple of things that we want to address. The first one is that you are a US citizen or a permanent resident and that you are above 18 years old.
Along with that, you should have a credit score that is set between good and excellent, which is 690 to 850. Although the application process is quite simple, these are the things that you should focus on before submitting yours.
Once you fill out the relevant information, you will be redirected to wait for a couple of minutes. In some cases, you will have to wait for a few days, depending on whether the bank needs to check your credit history with the bureau. If approved, you should receive the credit card at your address within a couple of days.
Features and Benefits
When it comes to the rewards program that you will be subjected to, it is set at 5% for all Walmart-related purchases. However, this comes with one condition, and that is that you make all the payments through the user-friendly Walmart Pay app.
This shouldn’t be an issue given the fact that connecting your card with this tool can be done within a couple of minutes.
For all other Walmart purchases that are made without using the app, you will be getting 2% cashback, while for anything that is non-Walmart related, you will get 1% cashback.
Bank Contact Details
When it comes to contacting Capital One in order to find out more about the Walmart Rewards Credit Card, there are a couple of different forms of contact available.
Physical Address: Capital One Financial Corp, 1680 Capital One Drive, McLean, VA 22102-3491, United States
Phone Number: 1-800-227-4825; 7 days a week, 24 hours a day
Website: click here
Summary
If you are someone who enjoys making Walmart-related purchases, then applying for this Rewards Credit Card seems like a good decision. No annual fee and a fair cashback program are all that you need in this case!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
