Capital One and Walmart Team Up to Introduce New Cash Back Credit Cards

Thursday, September 19th, 2019
Updated: September 19th, 2019
The content is accurate at the time of publication and is subject to change.

It has just been announced that Capital One and Walmart are preparing to release their new product – the Capital One Walmart Rewards Credit Card Program. The program will be available on two new co-branded credit cards that are specially designed for customers shopping at Walmart. The cards are aimed at applicants with good and excellent credit. The launch is scheduled for September 24, 2019, which is just around the corner.

Capital One® Walmart Rewards Mastercard®

The first and more catching offer is the Capital One® Walmart Rewards Mastercard® credit card. Like general rewards credit cards, it will be suitable for any purchases, everywhere Mastercard is accepted. The card is expected to come with a $0 annual fee, a $0 foreign transaction fee and a variable APR of 17.99%-26.99%. But the most attractive card’s feature is its rewards program with the heightened cash back on Walmart purchases. Here is what you can earn if approved:

  • 5% cash back on purchases at, including Walmart Grocery Pickup and Delivery;
  • intro 5% cash back on Walmart in-store purchases when using Walmart Pay for the first year and 2% cash back after that;
  • 2% cash back on restaurants and travel (airline tickets, hotel bookings, car rentals, ride-sharing services like Uber and Lyft, taxi, rail and bus rides);
  • 1% cash back on all other purchases.

The rewards redemption is not limited and can be carried out at any time in any amount for travel, gift cards, recent purchases, statement credits and during online checkout at

Extra perks were not left without attention as well. With the Walmart Rewards Mastercard, you can avail yourself of Extended Warranty Protection, Price Protection Coverage, Travel Accident Insurance, Baggage Delay Insurance, Trip Cancellation & Trip Protection Insurance, Car Rental Insurance, Master RoadAssist® Service, and some other benefits.

Walmart Rewards Card

The second offer is a private-label card, the Walmart Rewards Card. Such cards are also called store cards and can typically be used at the associated store exclusively. The new Walmart card is no exception and is accepted only at Walmart, online and in-store. It is also promised to have no annual fee and a variable 17.99%-26.99% APR. As for rewards, they are a bit different from the Capital One Walmart Rewards Mastercard’s. With the Walmart Rewards Card you can figure on:

  • 5% cash back on purchases at and on the Walmart mobile app;
  • intro 5% cash back on Walmart in-store purchases when using Walmart Pay for the first year and 2% cash back after that;
  • 2% cash back at Walmart Fuel Stations, including Murphy gas stations.

But what if you currently own an old Walmart credit card? How does it affect you? Starting October 11, 2019, your Walmart Credit Card account will be automatically switched from Synchrony Bank to Capital One and the new Capital One Walmart Rewards program. You won’t need to re-apply for the card, just set up and access your new online account. The nice bonus that awaits you is the opportunity to earn 5% back on in-store Walmart purchases made via Walmart Pay through October 14, 2020.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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