The purpose of this article is to guide you through applying for a Walmart Credit Card online. Understanding this application process is essential if you shop at the store frequently or want to maximize your savings.
You’ll find everything you need to get started quickly and efficiently. Let’s examine the steps to help you secure this card today.
What is a Walmart Credit Card?
This is designed to help you save on purchases by offering cashback rewards and other benefits. It’s advantageous for frequent shoppers, allowing you to maximize savings.
Description of the Walmart Credit Card
It is a no-annual-fee card that rewards you for shopping, with added perks like travel insurance. It’s available to those with good credit and can help you earn cashback on everyday purchases.
The card also includes benefits like extended warranties, making it a valuable tool for regular customers.
Types of Walmart Credit Cards
Two primary credit cards meet different shopping needs. Here’s a quick overview of each to help you decide which is correct.
Capital One Walmart Credit Card:
- 5% cashback on online purchases, including Grocery Pickup and Delivery.
- 2% cashback on purchases at stores and Murphy USA Fuel Stations.
- 1% cashback on all other purchases.
- Includes extra perks like travel insurance and concierge service.
Walmart Rewards Credit Card
- 5% cashback on online purchases.
- 2% cashback at the stores and restaurants in the U.S.
- 1% cashback on offline purchases at Sam’s Club and their gas stations.
Only valid within the network.
Eligibility Criteria for Applying
Before you apply for this card, make sure you meet these basic eligibility requirements. Meeting these criteria increases your chances of approval and helps you prepare the necessary documents.
- Good Credit History: A higher chance of approval if your credit score is good or better.
- U.S. Resident: You must be a resident of the U.S. to apply.
- Valid Social Security Number: Required for identity verification.
- Age Requirement: Applicants must be at least 18 years old.
Benefits of the Walmart Credit Card
It offers several advantages that enhance your shopping experience and provide financial flexibility. Here are the key benefits you should know.
Cashback Offers and Rewards on Purchases
This provides a tiered cashback system to earn different percentages based on where you shop. You get 5% cashback on online purchases, making shopping more rewarding.
In-store purchases earn you 2% cashback; other purchases get 1%. This system allows you to maximize savings across various shopping categories.
Special Financing Options Available
Depending on your creditworthiness, this credit card may offer special financing options on select purchases. This can benefit larger purchases, as you can pay them off over time without incurring interest.
These financing offers provide flexibility, allowing you to manage your expenses better. However, reading the terms carefully is essential to avoid unexpected charges.
Benefits Exclusive to Online Shopping and In-Store Purchases
It has specific perks for online and in-store shopping. Below is a breakdown of these exclusive benefits:
- Free Shipping on online purchases.
- Early Access to special promotions and sales.
- Discounts on Fuel at Walmart & Murphy USA Fuel Stations.
- Flexible Payment Options for large in-store purchases.
Additional Perks Like Travel and Purchase Protection
Beyond cashback and financing, this credit card offers additional perks like travel insurance and purchase protection. These benefits cover unexpected events, giving you peace of mind while you shop or travel.
Purchase protection covers eligible items against damage or theft within a specified period. These perks add value to your card, making it more than just a tool for everyday shopping.
Interest Rates and Fees
Understanding the interest rates and fees associated with the card is crucial for managing your finances effectively. Here’s what you need to know.
Explanation of the Annual Percentage Rate (APR)
This card’s Annual Percentage Rate (APR) ranges between 19.48% and 29.99%, depending on your credit score. There is no introductory APR, so interest accrues on purchases from the start.
You won’t incur interest charges if you fully pay your balance within the 25-day grace period. Otherwise, interest will be calculated based on your average daily balance.
Detailed Breakdown of Fees Associated with the Card
This card comes with several fees that you should be aware of to avoid extra costs. Here’s a list of the main fees associated with the card:
- Late Payment Fee: Up to $39 if you miss your deadline.
- Cash Advance Fee: $3 or 3% per transaction, whichever is greater.
- Balance Transfer Fee: 3% of the transfer amount under the promotional APR.
How Interest is Calculated on Unpaid Balances?
Interest on the Walmart Credit Card is calculated based on your average daily balance. Below are the key points on how this works:
- Average Daily Balance: Calculated by adding up your daily balances and dividing by the number of days in the billing cycle.
- APR Applied: The calculated average daily balance is multiplied by the APR to determine the interest charge.
- No Interest if Paid in Full: No interest is charged if you pay your balance in full within the grace period.
- Compounded Monthly: Interest is compounded monthly, increasing the total amount owed if not paid in full.
How to Apply for a Walmart Credit Card Online?
Applying for a card is simple and convenient. Follow these steps to get started and know what to expect.
Step-By-Step Guide to Applying Online
Here’s a quick guide to help you apply for this card online. Follow these steps to complete your application:
- Visit the Official Website: Go to the Walmart Credit Card application page.
- Select Your Card: Choose between the available cards.
- Fill Out the Application: Enter your personal and financial information.
- Submit the Application: Review your details and click submit.
Required Information and Documents for the Application
Before applying, make sure you have the necessary information and documents ready. Here’s what you’ll need:
- Social Security Number: Used for identity verification.
- Valid ID: Driver’s license or another form of identification.
- Income Information: Your annual income for credit evaluation.
- Contact Details: Email address and phone number for communication.
Timeframe for Approval and What to Expect After Applying
Once you submit your application, here’s what happens next. These are the steps to anticipate:
- Immediate Response: You may receive an instant decision.
- Further Review: If more information is needed, expect a response within a few days.
- Card Delivery: Upon approval, your card will arrive in the mail within 7-10 business days.
- Account Setup: Set up your online account to manage your new Walmart Credit Card.
Customer Service
If you need assistance with your card, customer service is ready to help. Below are the essential contact details.
Address
You can mail it to the customer service office at 702 S.W. 8th St. Bentonville, AK 72716. Please include all necessary information in your correspondence.
Telephone Number
For immediate support, call 877-860-1250. This line will connect you directly with a customer service representative for your credit card needs.
Disclaimer: Rates and fees for the Walmart Credit Card may change over time. Visit the official website to ensure you have the most up-to-date information.
Final Word: Applying for a Walmart Credit Card Online
In summary, applying for a Walmart Credit Card online is quick and straightforward. It offers numerous benefits, including cashback rewards and special financing. Following the steps outlined in this article, you can easily apply and enjoy these perks.
Remember to have your required documents ready and know the approval timeframe. This card can ultimately enhance your shopping experience, providing valuable savings and convenience.