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Updated January 12, 2019

Walmart Credit Card Review

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
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Is the Walmart Credit Card worth applying for? Read this expert review and comparison of the Walmart store card and Walmart MasterCard before you apply.

With its reputation for low prices, Walmart is the go-to store for groceries and other household staples. The retail giant offers two types of credit cards:

  • a Walmart store credit card that can be used for purchases only in Walmart Stores and Supercenters,, Neighborhood Markets, Sam's Clubs, and Walmart and Murphy USA Gas Stations.

  • a Walmart MasterCard version can be used wherever MasterCard is accepted.

We review the pros and cons of both cards below. But first, check out some current credit card promotions you shouldn't miss.

Walmart Credit Card Review

© djLicious (CC BY 2.0) via Flickr


Both the Walmart store card and MasterCard offer specific benefits. These include:

  • 3-2-1 Save cash back program: Both cards enroll shoppers in Walmart's reward program, which offers cash back on everyday purchases. You get:

    • 3% back on purchases made at (including the mobile app)
    • 2% back on fuel at Walmart and Murphy USA gas stations (Murphy Express is excluded)
    • 1% back on everything else, including: Walmart physical stores, Sam's Club, Neighborhood Markets, and everywhere else that accepts Mastercard (if you have the Mastercard).

    Rewards are issued as monthly statement credit. There's no limit on the amount of rewards you can earn. And they won't expire as long as your account is in good standing.

  • Small sign-up bonus Both cards also come with a $25 statement credit if you spend $25 on a Walmart within 24 hours of opening your account.

  • Availability: If you're new to credit cards or have poor credit, you'll still likely qualify for the Walmart store card. Customers with FICO scores as low as 550 can usually be approved.

    The MasterCard version of the Walmart credit card usually requires a credit score of 660 or higher, which is considered the low end of "good" on the credit score scale.

  • No annual fee: Neither version of the Walmart credit card charges an annual fee.

  • Special in-store financing offers: Both cards offer special promotional in-store financing on large purchases. In other words, cardholders get an interest-free grace period to pay off their balance. The term varies based on the amount of your purchase.

    For example, if you buy something between $150 and $299 using your card, you'll have six months to pay it off. Pricier purchases even get more leeway (spend $599 or more and get 24 months to pay it off interest-free).

    This grace period DOES come with some strings attached. We'll explain in the next section.


Walmart's credit card offerings have some definite disadvantages, including:

  • Low credit limits: Your credit limit may be as low as $150 to start. With a few months of responsible use, however, you'll likely be able to raise that limit by a few hundred dollars.

    But beware: some customers report that Walmart will decrease their credit limit without warning.

  • Deferred interest: The special financing offer is nice IF you can pay off your balance before the 0% interest grace period ends.

    Otherwise, you'll be charged all the interest you would have accumulated from the purchase date of the item (as if you had never been given the grace period). That interest will be calculated on the full initial purchase price regardless of how much you've paid off so far.

  • High APR: Both cards have a high regular interest rate. The Walmart store card is currently 24.65% on purchases, while the Mastercard has a variable APR of 18.65% to 24.65% (based on your creditworthiness).

    Cash advances can go up to 21.65% to 27.65% APR. Both rates are on the high end of the credit card interest rate spectrum. In other words, this is NOT a card that you'll want to carry a balance on if you can avoid it.

  • Few rewards: The Walmart store card offers very little in the way of rewards. You only get bonus cash back at and certain gas stations.

    Even the 1% cash back on all other purchases is less generous than what other cash back cards offer.

Given these pros and cons, is a Walmart credit card is right for you? Read on to find out.

Who It's Best For

Walmart-World © Patrick Hoesly (CC BY 2.0) via Flickr

The target audience for the Walmart credit card is clear: frequent customers with poor to average credit (or no credit history at all) who are looking for a way to improve (or build) their credit score. With that in mind, this card isn't a bad option.

But for anyone with better than average credit, there are a number of other rewards credit cards that offer:

  • Higher cash back percentages
  • Better reward redemption.
  • More generous introductory offers.


If Walmart's card terms aren't enticing you to sign up, you may want to consider a standard credit card that you could use there as well as other retailers.

Consider the following alternatives:

  • If you like cash back rewards:
    Discover It will match all the cash back you've earned at the end of your first year. This offer is only for new customers. This card earns 5% cash back in bonus categories that change each quarter (up to the quarterly maximum; requires free activation each quarter). All other purchases earn 1% cash back.

  • If you have varied spending:
    Chase Freedom Unlimited
    Apply for Chase Freedom Unlimited
    Chase Freedom Unlimited lets you earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases. There is also a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. The balance transfer fee is 3% of the amount transferred, $5 minimum. The cash back rewards will not expire as long as your card account remains open. There is no annual fee.

  • If you like to shop at Costco:
    Citi Costco earns 4% cash back on eligible gas purchases for the first $7,000 per year, and then 1% thereafter. This card earns 3% cash back on restaurants and eligible travel purchases; 2% cash back on all other purchases from Costco and; and 1% cash back on all other purchases. There is no annual fee with your paid Costco membership.

  • If your credit isn't great:
    If you're considering the Walmart card because your credit isn't great, look into a secured credit card instead. These cards help you build credit responsibly and report to the 3 major credit bureaus.

    Discover it Secured Card reports to the 3 major credit bureaus to help you build or rebuild credit with responsible use. This secured credit card's variable APR is 25.24%. The minimum refundable security deposit is $200 (up to the amount Discover approves) and your credit line equals your deposit. Starting at 8 months, Discover will perform automatic monthly reviews based on your responsible credit management across all your credit cards and loans to see if you could qualify to transition to an unsecured line of credit. You will see your FICO credit score for free on your monthly statement and in your online account. There is no annual fee.

    But here's where it gets interesting. Discover it® Secured credit card offers rewards: 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter); 1% cash back on other purchases. As a promotion for new cardmembers, Discover will match all the cash back you've earned at the end of your first year.

Bottom Line: Are the Walmart Cards Worth It?

Unless you predominantly shop at, you have options with more rewards and better terms. You only get 1% back at physical Walmart locations, which is on par with what most other cash back cards offer.

If you're just looking for a credit card that's easy to get, we advise going with a secured credit card instead. The interest rate on the Walmart cards is high that carrying a balance can REALLY hurt your finances.

If you are determined to have a Walmart store or MasterCard, be careful and make sure you understand the terms.

Leah Norris is a research analyst at CreditDonkey, a credit card comparison and reviews website. Write to Leah Norris at

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Discover it® Cash Back, Costco Anywhere Visa® Card by Citi, and Discover it® Secured has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Freedom Unlimited
Apply for Chase Freedom Unlimited
At Chase's Secure Site
  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
17.24% - 25.99% Variable

Comments about Walmart Credit Card Review

  • Terry from North Carolina
    on January 17, 2016 5:47 AM said:

    This is not a card i reccomend i started with a 600 limit with in 6 months was reduced to 480 and after a year they have now reduced the credit limit to 160. Took this card to increase credit score and have made payments responsibly and over the coarse of a year the limit have been deduced not increased. I have never in my life seen such a card,

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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