Considering the value is identical regardless of method, redeeming for a statement credit is the way to go as it can be applied to any purchase made on the card. You can also use the rewards to redeem during online checkout at, to pay with points at checkout via Walmart Pay, as an eraser for Walmart purchases, to book travel through the Capital One travel center or for gift cards. The simplest way to apply the rewards from the Walmart Rewards card is as a statement credit. If you connect your card to Walmart Pay, and pay for your in-store purchases that way, you will earn 5% cash back for the first 12 months, then 2% thereafter.Įarning 2% cash back on dining, travel, and co-branded gas stations could be achieved with a straight cash-back card and 1% cash back on other purchases is not competitive compared to the best cash-back credit cards. That said, if you prefer in-person shopping, your rewards will be significantly less lucrative after the first year. Most credit cards that have groceries as a bonus category will exclude superstores such as Walmart in their fine print. This includes grocery pickup and delivery, which makes the Walmart Rewards card somewhat unique. If you already go straight to your Walmart app when you need to shop, you’ll be rewarded with a generous 5% cash back on your purchases.

The Capital One Walmart Credit Card earns rewards at the following rates: 5% back on & in the Walmart app, including grocery pickup and delivery, 2% on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA fuel stations and 1% back everywhere else Otherwise, consider a card that is likely to reap greater rewards. If you’re that combination of die-hard online shopper and Walmart lover, this card could be a fit. And if you’re mostly going to be earning 2% on your Walmart spending, then you’d more than likely be better off with a card that earns a net 2% on all of your spending, not just at Walmart, restaurants and on travel. So this means that if you were planning on doing your grocery shopping at your local Walmart, buying some garden supplies, new clothes or anything else on your list, you’ll only earn 2% after the first year.

For the first year, this won’t be a problem since there’s an introductory offer of 5% back in Walmart stores for the first 12 months when using the Capital One Walmart Rewards card with Walmart Pay. Unlike this card’s likely biggest competitor, the Prime Visa which primarily functions as an online store, Walmart is rooted in having a significant physical presence, with over 10,500 stores around the world. You’ll earn a fat 5% back on & in the Walmart app, including grocery pickup and delivery, 2% on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA fuel stations and 1% back everywhere else.īut there is a catch-that online purchase requirement in order to score 5% savings. Although the superstore is already known for its everyday low prices, using the Walmart credit card to pay for your purchases will snag you even more savings. The Capital One® Walmart Rewards® Card * is an ideal choice for those who do a significant amount of shopping at Walmart.

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