The Capital One Walmart Rewards® Card brings together Capital One’s popular rewards program and Walmart to help you earn points while you shop. It's especially useful if you do most of your shopping at Walmart, Walmart.com, or through the retailer's mobile app. Show
But how does it compare with other cash back rewards credit cards, and is it right for your wallet? In this Capital One Walmart Rewards Card review, we'll look at this card's benefits, drawbacks, and more to help you decide if it's a good option for you. Who should get the Capital One Walmart Rewards Card?The Capital One Walmart Rewards Card is best for Walmart shoppers and those who will use Walmart Pay to shop in-store for the first year of having the card, as these purchases get you the most in cashback rewards. This card prioritizes digital use, so if you’re more likely to turn to your phone or computer to shop with Walmart, it could be a smart choice for you. If you’re also someone who appreciates earning cash back at Walmart, but also wants to earn rewards for using your card elsewhere, the Capital One Walmart Rewards Card might be a good fit. Unlike many other store credit cards, it’s accepted virtually anywhere. Card basics
Capital One Walmart Rewards Card benefits and perks
Drawbacks to the Capital One Walmart Rewards Card
Earning & redeeming cash back with the Capital One Walmart Rewards CardPotential earnings in years one and twoHere's a look at how your cash back can add up with the Capital One Walmart Rewards Card. Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend. Year one earnings: $421 Year two earnings: $421 These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at cash back earned via spending and the annual fee. It's important to note that these amounts don't reflect the sign-up bonus or bonus rewards you'd earn from your Walmart purchases. For instance, if you did all your grocery shopping at your local Walmart and paid with your card, your earnings could increase to $889 in the first year and $538 in the second year. Best ways to earnThe Capital One Walmart Rewards Card gives cardholders the chance to earn up to 5% back in rewards:
New cardholders can also get additional cash back: Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay. This card places an emphasis on digital use and account management, so online purchases at Walmart.com and using Walmart Pay or Walmart apps will get you the most rewards. Also, taking advantage of the extra rewards during the first year can boost your earnings. After that, using the card at Walmart stores, while dining out, or for booking travel are likely your best bets for optimal rewards. Maximizing your redemptionsThe Capital One Walmart Rewards Card offers several rewards redemption options, including travel — including flights and hotel stays — gift cards, during online checkout at Walmart.com, statement credits, and more. Your points will never expire as long as your account remains in good standing, and there’s no cap to the rewards you can earn. Capital One Walmart Rewards Card FAQsYou’ll likely need fair, good, or excellent credit to be approved for the Walmart Rewards Card. Capital One also offers another Walmart credit card. If you're not eligible for the Capital One Walmart Rewards Card, you could potentially get approved for its sister card, the
Walmart Rewards Card. When you apply for the Walmart Rewards Card, the issuer will do a hard credit pull, which could cause your FICO score to drop by a few points. However, if you pay off your full balance each month on or before the due date, your score could potentially increase as you build a
positive payment history. You can use your Capital One Walmart Rewards Card to purchase anything from a retailer that accepts Mastercard. This includes gift cards. You can also redeem your rewards for gift cards through Capital One. The Capital One Walmart Rewards Card allows you to make cash advances,
though they come with a fee and a high APR. Other cards to considerIf the Capital One Walmart Rewards Card isn't the best credit card for you, these could be better optionsfor your wallet. Citi® Double Cash Card - 18 month BT offerThe Citi® Double Cash Card - 18 month BT offer card offers users the chance to earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases. It also has a 0% introductory APR on balance transfers for the first 18 months (then 16.99% to 26.99% (variable)), which could save you some significant money in interest charges if you have existing credit card debt. Read our Citi Double Cash Card review. Chase Freedom Unlimited®With the Chase Freedom Unlimited®, cardmembers earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases. Plus, this $0-annual-fee credit card offers perks like a 0% introductory APR on purchases for 15 months (then 17.24% to 25.99% (variable)) and a generous sign-up bonus. Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year. Read our Chase Freedom Unlimited review. Author Details
 Robin Kavanagh Robin is a freelance writer who lives on the South Carolina beach. She has spent the last 20 years writing about all kinds of topics for publications such as The New York Times, Yes! Magazine, Next Tribe, Parenting, and various trade magazines. On FinanceBuzz.com, you’ll find her mostly writing about smart ways to use credit cards, navigating personal loans, how to save when traveling, and ways to improve your financial health. Does Capital One Walmart give credit increases?If you're unhappy with your initial Walmart Credit Card (or Walmart® Store Card) credit limit, you can request an increase online. Capital One uses soft pulls for these credit inquiries, so requesting an increase won't affect your credit score.
How do I get an increase on my Capital One Walmart card?In order to increase your Capital One Walmart Rewards™ Card or Walmart Rewards™ Card credit limit, you will have to call the customer service number on the back of your card to make a request.
Does Capital One automatically raise your credit limit?Oftentimes, Capital One will automatically increase your credit limit if you use your credit card responsibly. Some Capital One cards, especially those advertised toward consumers establishing or building credit, offer the opportunity for an increase after five months of on-time payments.
How often will Capital One increase credit limit?In general, we don't change an account's credit line more often than every 6 months, but that can vary based on account. Please wait several months after your last credit line change before requesting a credit line increase. You have the highest line of credit that our current policy allows.
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Capital one walmart rewards card credit limit increase
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