A Walmart credit card offers rewards, cashback, and unique financing options, making shopping more convenient.
This guide provides a step-by-step application approach covering essential details such as eligibility, fees, and card management.
Understanding the Types of Credit Cards
There are two types of Walmart credit cards, each catering to different spending habits.
Understanding their features ensures you select the right one.
Store Card:
- It can only be used at Walmart stores, Walmart.com, and the Walmart app
- Offers 5% back on online purchases for the first 12 months
- Provides 2% cash back on in-store purchases, restaurants, and travel
- Works well for frequent Walmart shoppers
Mastercard:
- Accepted anywhere Mastercard is used
- Offers 5% back at Walmart.com and the app (up to $12,000 per year)
- Provides 2% back on in-store Walmart purchases, restaurants, and travel
- Earns 1% back on all other purchases
- Ideal for those who want to earn rewards on non-Walmart purchases
Checking Eligibility
Before applying, ensure you meet the requirements to avoid rejection.
- Applicants must be 18 years old to qualify for the credit card.
- Only individuals with U.S. residency are eligible to apply.
- A fair or better credit score improves the chances of approval.
- The applicant’s income level must demonstrate the ability to make timely payments.
- Those with recent bankruptcies or serious delinquencies on their credit report may not qualify.
- A valid Social Security Number is required for identity verification.
- Applicants should not have any outstanding balances on previous Walmart credit cards.
Gathering Necessary Information
Having the correct details ready speeds up the application process and reduces errors.
- Full legal name and residential address
- Date of birth and Social Security Number
- Employment status and annual income
- Monthly rent or mortgage payment amount
- Contact information, including email and phone number
- Information on any other credit cards held
Reviewing Features, Benefits, Interest Rates, and Fees
Understanding the benefits and costs helps in making an informed decision.
- No annual fee makes it a cost-effective option.
- Variable APR ranges from 17.99% – 26.99% based on creditworthiness.
- Cash advance APR is 27.99%, plus additional transaction fees.
- Foreign transaction fees are 3% per purchase outside the U.S.
- Depending on account status, late payment fees range from $29 to $40.
- 0% intro APR on eligible purchases for 12 months (if applicable).
- Special financing offers may be available on large Walmart purchases.
- Fraud protection and $0 liability on unauthorized purchases.
Applying for the Credit Card
The application process is straightforward and can be done in multiple ways.
Online Application:
- Visit the official Walmart website.
- Click on the credit card section and choose the preferred card.
- Complete the application form with personal and financial details.
- Review terms and conditions before submitting.
In-Store Application:
- Visit a Walmart store and ask about credit card applications.
- Provide necessary documents and identification.
- Fill out the application form with the help of a Walmart representative.
- Submit the form and wait for processing.
Phone Application:
- Call the Walmart credit card service line.
- Provide the required details to the representative.
- Receive a decision over the phone or via email.
Understanding the Approval Process
Approval depends on creditworthiness, income, and financial history.
- Some applications receive instant approval.
- Others may take 7-10 business days for additional review.
- High credit scores increase approval chances.
- Income level and credit history affect the assigned credit limit.
- Applicants with limited credit history may be approved for a lower limit.
Reviewing Application Results
Understanding the outcome of the application helps in planning the next steps.
Approved Applications:
- Expect the card to arrive within 7-10 business days.
- Review the credit limit and interest rate assigned.
- Activate the card before using it.
Pending Applications:
- Additional verification may be required.
- Check application status online or by calling customer service.
Rejected Applications:
- Review the rejection reason.
- Improve the credit score before reapplying.
- Consider applying for a secured credit card to build credit.
Activating the Card
Activation ensures the card is ready for use and secure.
- Call the activation number provided on the card.
- Visit the issuer’s website to activate online.
- Set up a PIN for additional security.
- Link the card to the Walmart app for easy management.
Setting Up an Online Account
Managing the card online helps track spending and payments efficiently.
- Visit the official website and create an account.
- Link the card to the account for online access.
- Set up paperless statements for easier tracking.
- Enable alerts for due dates and suspicious transactions.
Using the Card and Managing Payments
Responsible use ensures financial stability and credit score improvement.
- Earn rewards by using the card for eligible purchases.
- Pay balances in full to avoid high-interest charges.
- Set up autopay to prevent missed payments.
- Avoid maxing out the credit limit to maintain a good credit score.
- Redeem cashback rewards for statement credits or purchases.
Handling Issues and Disputes
Knowing how to resolve common issues helps avoid unnecessary stress.
Lost or Stolen Card
- Report the lost or stolen card to customer service immediately.
- Request a replacement card to prevent unauthorized use.
Fraudulent Charges
- Contact the issuer right away to dispute any unauthorized transactions.
- Monitor account activity regularly to detect suspicious charges early.
Payment Problems
- Call customer service if unable to make a payment to discuss available options.
- Set up a payment plan or request a temporary deferral to avoid penalties.
Declined Transactions
- Verify the card’s available credit and ensure the billing address matches.
- Contact customer service if the transaction was declined due to suspected fraud.
Card Not Working for Online Purchases
- Double-check the card details, including the expiration date and CVV.
- Ensure the card is activated and not blocked for security reasons.
Unauthorized Account Access
- Change the account password immediately if unauthorized access is suspected.
- Enable two-factor authentication (2FA) for added security.
Contact Information
Customer service is available for inquiries, disputes, and general support.
- Customer Service Phone: 1-877-294-7880
- Online Support: Walmart.com
- Mailing Address: Found on official account statements
Final Thoughts
Applying for a Walmart credit card is simple if you follow the proper steps.
Understanding the benefits, fees, and responsible usage ensures a positive financial experience.
Managing payments and tracking rewards can maximize the advantages of owning the card.
Disclaimer
The information provided in this article is for general informational purposes only and should not be considered financial or legal advice.
Applicants should verify details with Walmart or Capital One, as terms and conditions may change.
