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Capital One Walmart Rewards® Mastercard® review: Great rewards for customers of one of the largest retail chains

Great rewards for Walmart customers despite its thin perks portfolio.

 /  8 min
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .

Snapshot

4.0

Bankrate rating
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Rating: 4 stars out of 5

Bottom line

This card is an essential value engine for regular Walmart customers. Although it’s a store-branded card, Walmart is a large enough chain to make this a worthwhile option.
Capital One Walmart Rewards® Mastercard®

Capital One Walmart Rewards® Mastercard®

Recommended credit score:(580 - 740)

Intro offer

5%

Rewards rate

1% - 5%

Annual fee

$0

Regular APR

19.48% or 29.99% (Variable)

4.0
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Bankrate Score

Rewards value

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4.0 / 5

APR

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1.0 / 5

Rewards flexibility

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4.8 / 5

Features

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3.0 / 5
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Bankrate’s take: The Capital One Walmart Rewards® Mastercard® has been discontinued following the end of Capital One’s and Walmart’s partnership. The card is no longer accepting applications, but current cardholders can continue to enjoy 5 percent back on eligible Walmart purchases until Capital One discontinues the rewards.

Capital One Walmart Rewards Mastercard Card Overview

For fans of online shopping and Walmart stores, the no-annual-fee Capital One Walmart Rewards® Mastercard®* was among the best credit cards for groceries, everyday products, electronics and home furnishings.

It offered an impressive 5 percent cash back on Walmart.com purchases, including grocery pickup and delivery orders. The card also offered 2 percent cash back for in-store Walmart purchases, restaurants and travel and 1 percent on all other purchases. It was an instant-use credit card that offered newly approved applicants the chance to start earning rewards with the big-box retailer within minutes of approval.

Despite its generous rewards for Walmart purchases, the card lacked the flexibility of other reward cards. Since it has now been discontinued, you might consider checking other rewards credit cards that earn bonus cash back in various categories, which may provide better value.

  • Credit Card Cash Back Icon

    Rewards

    • 5 percent cash back at Walmart.com, including pickup & delivery
    • 2 percent cash back in Walmart stores & Walmart-branded gas stations, at restaurants and on travel
    • 1 percent cash back on all other purchases
  • Rewards Icon

    Welcome offer

    • Earn 5 percent cash back in Walmart stores for the first 12 months when you use your Capital One Walmart Rewards Card with Walmart Pay
  • Credit Card Search Icon

    Rates and fees

    • APR: 19.48 percent to 29.99 percent variable
    • Annual fee: None
    • Balance transfer fee: $0 at the Transfer APR, 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
    • Cash advance fee: 3 percent of the amount of the cash advance, but not less than $3
    • Late payment fee: Up to $39
  • Congrats Icon

    Other cardholder perks

    • $0 Fraud liability
    • Card lock
    • Security alerts

     

Alternatives to Capital One Walmart Rewards® Mastercard® review

There are several rewards cards available that can be suitable replacements for the Walmart Mastercard, though none of them cater to Walmart purchases. If you’re open to making some changes to your shopping habits — or you missed the boat on this card altogether — here are a few alternatives worth considering.

Image of Capital One Walmart Rewards® Mastercard®

Capital One Walmart Rewards® Mastercard®

Annual fee

$0

Intro offer

5%
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Rewards rate

1% - 5%
Info Icon

Recommended Credit Score

Fair to Good (580 – 740)
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Image of Blue Cash Preferred® Card from American Express
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock Icon
on American Express's secure site

Annual fee

$0 intro annual fee for the first year, then $95.

Intro offer

Earn $250
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Rewards rate

1% - 6%
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Recommended Credit Score

Good to Excellent (670 – 850)
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Image of Citi Custom Cash® Card

Annual fee

$0

Intro offer

$200
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Rewards rate

1% - 5%
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Recommended Credit Score

Good to Excellent (670 – 850)
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Walmart Rewards Mastercard pros and cons

Pros

  • Checkmark Icon

    Its no-annual-fee structure provides an accessible way to maximize rewards earnings and keep costs low.

  • Checkmark Icon

    It earns a boosted rewards rate on Walmart.com purchases, which isn’t widely available.

  • Checkmark Icon

    You could use the card immediately in the Walmart app upon approval, which proved convenient for sticker shock moments at the checkout screen.

Cons

  • You had to use the Walmart Pay app to earn this card’s welcome offer, which was inconvenient if you weren’t mobile-savvy.

  • The card lacks valuable perks that many other rewards cards offer, such as statement credits and intro APRs.

  • The ongoing rewards rate for in-store Walmart purchases is the same as that of many flat-rate cards, which you can use anywhere.

Best cards to pair with the Walmart Rewards Mastercard

Even if you’re keeping your Walmart Mastercard, it’s worth pairing it with other cards to help you earn rewards on most of your purchases. If you value cash back above other rewards, it makes sense to pair the Capital One Walmart Rewards Card with a flat-rate cash back card or another cash back card that offers boosted rewards in different categories. 

Bankrate’s Take — Is the Walmart Rewards Mastercard worth keeping?

It’s generally a good idea to keep older credit cards to improve your available credit and increase the average age of your accounts. And for some, Walmart is more than just a retailer — it’s the primary hub for groceries, home goods, auto care and more. With unlimited 5 percent cash back on purchases at Walmart.com, which includes grocery pickup and delivery, there’s a lot to love for those who shop online at the superstore.

However, if you prefer shopping at different stores or do not live close to a Walmart, keeping the card may not be worthwhile. Instead, consider adding a rewards card to your wallet that offers rewards in broader categories that match your spending habits. Plus, Capital One may eventually update the rewards program on this card to remove your boosted rewards rate, so you’ll want to be prepared.

*The information about the Chase Freedom Flex® and the Capital One Walmart Rewards Mastercard has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

How we rated this card

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150+
cards rated
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50+
rewards programs valued
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1800
data points analyzed
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40+
perks evaluated

We rate credit cards using a proprietary card scoring system that ranks each card’s estimated average rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more against those of other cards in its primary category.

Each card feature is assigned a weighting based on how important it is to people looking for a card in a given category. These features are then scored based on how they rank relative to the features on other cards in the category. Based on these calculations, each card receives an overall rating of 1-5 stars (with 5 being the highest possible score and 1 being the lowest). 

We analyzed over 150 of the most popular rewards and cash back cards to determine where each stacked up based on their value, cost, benefits and more. Here are some of the key factors that influenced this card’s overall score and how the score influenced our review:

Frequently asked questions

What cardholders think

Image of Capital One Walmart Rewards® Mastercard®

Capital One Walmart Rewards® Mastercard®

4.1 Star Icon
43 ratings
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Score breakdown
5 stars
56%
4 stars
26%
3 stars
7%
2 stars
0%
1 star
12%
Score by category
Overall 4.1 / 5
Extra perks 3.0 / 5
Privacy and security 4.1 / 5
Customer service 4.2 / 5
Online portal or mobile app 4.0 / 5

In May 2024, Bankrate collaborated with third-party SliceMR to survey 6160 cardholders nationwide. Bankrate and Slice MR collected, averaged and presented website analytics and cardholder responses to six questions on a 5-point scale. Responses are based on individual cardholder’s product details, and therefore cannot be verified for accuracy. Users received an incentive for their feedback. User ratings are unedited and have not been reviewed or approved by credit card issuers, nor do these ratings reflect Bankrate’s own reviews of these cards.

Community Reviews

Explore Capital One Walmart Rewards® Mastercard® reviews from certified cardholders.
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Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
I appreciate earning rewards for using my card. My husband and I actually saved out points and went to a concert.
Score by category
Extra perks 4 / 5
Online portal or mobile app 5 / 5
Customer service 4 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
I'm very satisfied with capital one and would recommend it to everyone
Score by category
Online portal or mobile app 5 / 5
Customer service 4 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
It is for my grocery needs about 2x a month
Score by category
Online portal or mobile app 4 / 5
Customer service 4 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
I do a lot of shopping at Walmart and this card offers cash back on my purchases.
Score by category
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
It was until they decided to change the max amount, lowered it to what I owed then upped the APR because they crashed my credit rating. I'm a bit upset with them right now.
Score by category
Extra perks 3 / 5
Online portal or mobile app 3 / 5
Customer service 4 / 5
Privacy and security 2 / 5
Anonymous Cardholder
May 31, 2024
If this card had an annual fee, do you feel it was worth it? What card features and benefits helped you offset the cost?
this card doesn't have a annual fee
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes! It's Walmart you get rewards lol
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
it is easy to use and i get the rewards automatically
Score by category
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes, I use it to make my Walmart purchases.
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
cash back rewards
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
I like the way I get rewards on any purchases I make at Walmart,
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
I like the rewards.
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
I can only use this card at Walmart. I use it 2-3 times a month.
Score by category
Customer service 4 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
I LOVE THE CASH REWARDS. I USUALLY USE THEM TO BUY SOMETHING.
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
I would recommend it because it gives good rewards and they add up fast when you shop at Walmart all the time
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
I use it regularly
Score by category
Extra perks 4 / 5
Online portal or mobile app 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes and I depend on it for my Walmart purchases because I am disabled and get my stuff delivered.
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
I would only because it offers cash back rewards
Score by category
Extra perks 3 / 5
Customer service 4 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
cash back
Score by category
Online portal or mobile app 3 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes. I use it quite frequently
Score by category
Extra perks 5 / 5
Online portal or mobile app 4 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
It is whenever I go make purchases at Walmart.That is the car that I use cause I earn cash back
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes I use frequently to buy groceries at Walmart and get a nice cash back rewards
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
overall it has been a good experience
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
I earn rewards by shopping at Walmart. This is something I do almost daily.
Score by category
Extra perks 5 / 5
Online portal or mobile app 5 / 5
Customer service 4 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
I shop at that store often
Score by category
Extra perks 3 / 5
Online portal or mobile app 3 / 5
Customer service 4 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
Because you get good rewards
Score by category
Extra perks 4 / 5
Online portal or mobile app 4 / 5
Customer service 4 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
I shop at Walmart a lot and it made sense as I earn rewards like discounts and freebies. Also no annual fee and my current interest rate is 15%.
Score by category
Extra perks 4 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
Goid custumer service, easy to use
Score by category
Extra perks 3 / 5
Online portal or mobile app 5 / 5
Customer service 3 / 5
Privacy and security 3 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
I would recommend this card to the friend because of the cashback It is a great deal when shopping at Walmart
Score by category
Extra perks 4 / 5
Online portal or mobile app 4 / 5
Customer service 3 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
Because it was along with Capital One car. I have a quicksilver card also.
Score by category
Online portal or mobile app 4 / 5
Customer service 3 / 5
Privacy and security 3 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Work out good for me each month
Score by category
Extra perks 4 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
I earn a certain percentage when I use in store and online.
Score by category
Extra perks 4 / 5
Online portal or mobile app 5 / 5
Customer service 4 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
Earn cash rewards when using card anywhere I use it, even if not at Walmart.
Score by category
Extra perks 4 / 5
Online portal or mobile app 4 / 5
Customer service 5 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
Discount on purchase for approval
Score by category
Online portal or mobile app 4 / 5
Customer service 5 / 5
Privacy and security 2 / 5
Anonymous Cardholder
May 31, 2024
Why would you or would you not recommend this card to a friend?
Lets me earn points for cash back, if using in store it shows the purchase under my account when I log in online
Score by category
Extra perks 3 / 5
Customer service 5 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
Yes. I have some of my monthly bills set up for automatic Payments.
Score by category
Extra perks 3 / 5
Online portal or mobile app 3 / 5
Customer service 3 / 5
Privacy and security 3 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
It is and I use it online at Walmart for groceries
Score by category
Extra perks 4 / 5
Online portal or mobile app 4 / 5
Customer service 4 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Tell us about an experience you had because of the benefits earned from the card
Not sure what to say. Easy to use anywhere
Score by category
Online portal or mobile app 3 / 5
Customer service 3 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
Rewards
Score by category
Online portal or mobile app 5 / 5
Customer service 5 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
Often shop Walmart so for convenience. Also, I only use no fee credit cards.
Score by category
Customer service 3 / 5
Privacy and security 5 / 5
Anonymous Cardholder
May 31, 2024
What made you choose this card?
I have a Costco Visa to se at Costco
Score by category
Extra perks 3 / 5
Online portal or mobile app 2 / 5
Customer service 3 / 5
Privacy and security 4 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
i use it a couple times a week
Score by category
Extra perks 4 / 5
Online portal or mobile app 4 / 5
Customer service 4 / 5
Privacy and security 3 / 5
Anonymous Cardholder
May 31, 2024
Is this card a part of your everyday life, why or why not?
I do not like charging unless absolutely necessary. I prefer to use my debit card or my bank credit card.
Score by category
Online portal or mobile app 4 / 5
Customer service 3 / 5
Privacy and security 3 / 5
Written by
Brendan Dyer
Associate Editor, Credit Cards
Brendan Dyer holds a Master of Fine Arts in Journalism from Western Connecticut State University and worked previously as a content editor for Regional News Network, a hyper-local TV news station contracted by Verizon FiOS1 News. As a national service volunteer, Brendan exercised a passion for helping underserved communities and demographics through direct, community service. He constantly seeks to apply his expertise as a journalist to the field of personal finance with the goal of helping people navigate the complexities of the credit card industry.
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* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.