Walmart Rewards credit card: especially for customers of the chain
This credit card is recommended for optimizing daily transactions
Accepted in thousands of establishments around the world, the Walmart Rewards credit card was made just right for frequent customers of the chain.
It allows earnings when purchases are made with it and these rewards are divided between expenses made at Walmart chains and eligible partners.
However, a points program is not enough to make a credit card considered attractive, as there are thousands of other benefits that can be included in a contract.
This credit card has other advantages, but do they adapt to your personal needs? That’s what we’re going to find out today! Follow a complete guide to understand the possibilities with this card.
Pros and cons of credit cards
Credit cards generally offer different benefits, some with more attractive benefits, others not so much. But what about the disadvantages?
Have you ever done this type of analysis before applying for a card? Well, if you haven’t, I’m sorry to tell you but you’re choosing cards in the wrong way.
Obviously, the advantages are extremely important, but understanding what the disadvantages will be is essential. Therefore, see below the pros and cons of the Walmart Rewards card:
Advantages
- Up to US$1541 in annual rewards;
- Extended warranty with no additional charge;
- Have flexibility with the Walmart installment plan;
- Receive 5% in dollars as a reward on eligible purchases;
- 2% in Rewards Dollars on transportation, gasoline and other purchases;
- Up to 1.25% in Rewards Dollars on purchases on the website and at any store in Canada.
Disadvantages
- Proof of minimum income required;
- Higher interest rates;
- Benefits are limited outside the Walmart network;
- Fees must be paid on foreign transactions.
Fees and charges
What do we know about Walmart Rewards? We can start by talking about its annual fee, which means that all the benefits included are not charged annually like other cards.
However, there are other charges that need to be considered carefully before signing up to avoid debt and unpleasant surprises. Below, we will leave a list with the main charges made by it:
- Interest rates on cash purchases: 22.97%
- Preferential interest rates: 21.89%
- Interest-free grace period: 21 days
- Foreign currency conversion: 2.5%
- Cash advance: US$4.
*Updated according to the card issuer’s website on 11/21/2024*
About Capital One Bank
Capital One is one of the most respected financial institutions in the United States, known for its innovative approach and total customer focus.
Created in 1994, it offers a wide range of financial products, such as credit cards, banking services, and even car loans.
With millions of customers nationwide, the financial institution has established itself as one of the leading players in the financial sector.
Regarding its reputation, it is a reliable company that continues to expand its financial offerings to reach all customer profiles.
Application
When the Walmart Rewards credit card is contracted, the customer gains access to an application that allows them to manage everything related to the card with practicality and autonomy.
Through it, it is possible to control and define the available monthly limit, monitor all transactions in real time, check statements without having to go to an ATM, request an emergency limit, among other free features.
Opinion about the card
The Walmart Rewards credit card offers a wide range of benefits that may be interesting for frequent customers of Walmart and some of its partners.
The absence of an annual fee, along with the possibility of earning up to US$1541 in annual rewards and welcome bonuses are attractive for those who make regular purchases.
However, some specifications need to be considered, such as high interest rates and fees for international transactions.
This may be a problem for those who often make purchases on foreign websites or travel internationally frequently.
Now, if you are already a loyal customer of the Walmart chain of stores and like to take advantage of the chain’s promotions, we advise you to continue reading, as this card may be what you are looking for.
In the next post, we will talk about other benefits and also how to apply for it safely.