Walmart offers a credit card that it hopes offers enough rewards to keep you loyal to both the card and Walmart itself. But how do its perks stack up to the competition? Does it deserve a place in your wallet? We investigate.

What You Get

Walmart’s Mastercard credit card (which is issued by Capital One) offers cash back on Walmart purchases and possibly other purchases as well.

Here’s what you get in rewards:

  • 5% back on purchases on (includes grocery pickup purchases ordered online)
  • 2% in Walmart stores & fuel stations, at restaurants and on travel
  • 1% back on all other card purchases

Walmart Mastercard vs. Walmart Store Card

When you apply for the Walmart credit card, if your history is good enough, you will be approved for the Walmart Mastercard. If your credit history is not good enough to qualify for the Mastercard, you will then be considered for the Walmart store card.

What’s the difference? The Walmart Mastercard is accepted anywhere Mastercard is accepted, so you are not restricted to using it at Walmart stores. The Walmart store card is only good at Walmart, so it has more limited usefulness.

Annual Fee?

There is no annual fee for either the Walmart Mastercard or Walmart store card.

Approval Chances

If you don’t have significant credit problems, you may very well be approved for this card.

How It Compares

Looking at the Walmart credit card’s rewards, the only feature that stands out is the 5% rebate on purchases. Regular Walmart online shoppers will appreciate this, but maybe not those who only shop in store.

The Verdict

It’s OK. The best feature is the 5% rebate on purchases, but that seems to actually be pushing you to buy online instead of at your local Walmart. That may be good for Walmart in its online battles with, but it stiffs the loyal Walmart store shopper by giving a smaller rebate for shopping in store.