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The list of the best Capital One credit cards for travel is already nicely packed. Now, the Capital One credit card portfolio is a little larger. Both the Capital One Walmart Mastercard and the Walmart Rewards Card earn up to 5% back on Walmart purchases. It’s also possible to earn bonus rewards on travel and dining. You can redeem your points for travel, cash, and gift card rewards as well.

capital one walmart credit cards
Which of the Capital One Walmart Credit Cards is your preferred option?

Capital One started accepting new applications on September 24, 2019. Current Synchrony Bank Walmart credit cardholders begin earning the new 5-2-1 rewards on October 11, 2019.

Capital One Walmart Mastercard

The new Capital One Walmart card portfolio features one rewards credit card and one store charge card.

The credit card is the Capital One Walmart Mastercard. It has no annual fee or foreign transaction fee. It’s possible to earn up to 5% back on every purchase:

  • 5% back on Walmart.com, Walmart Grocery Pickup and Delivery
  • 5% back on in-store Walmart purchases using Walmart Pay (first 12 months only)
  • 2% back on in-store Walmart purchases (after the first 12 months)
  • 2% back on travel and dining
  • 1% back on everything else

Your points are redeemable for travel, gift cards, and cash rewards. Previous Walmart credit cards only let you redeem rewards points for Walmart credits.

The introductory offer for new and current cardholders earn an extra 3% back on in-store Walmart purchases (5% total) for the first 12 months. Existing cardholders get 5% back through October 14, 2020.

You will have the best approval odds for this card with a 670 credit score or higher. However, you might be able be approved with a score in the low to mid-600s.

Redeem Points for Travel, Gift Cards or Cash?

This card earns 2% back on travel and dining purchases. You can also redeem your points for travel or gift cards plus Walmart purchases. The travel and gift card redemptions can be a good option if your points are worth at least 1 cent each. If worth less than 1 cent for non-Walmart rewards, redeem your points for Walmart credit.

Your Walmart cash rewards options include Walmart.com credit and recent purchase statement credits.

Pro tip: If travel rewards are something that interests you, check out the best travel credit cards for other options. 

Walmart Rewards Card

The Walmart Rewards Card is a store charge card and only works for Walmart purchases.

The rewards program is almost identical to the Walmart Mastercard credit card. However, you get 2% back at Walmart Fuel Stations instead of travel and dining.

  • 5% back on Walmart.com and Walmart Grocery Pickup and Delivery
  • 5% back on in-store Walmart purchases with Walmart Pay (for the first 12 months)
  • 2% back on in-store Walmart purchases (after the first 12 months)
  • 2% back at Walmart Fuel Stations
  • No annual fee

Although this card doesn’t work outside of Walmart, on-time payments can still build your credit score.

Walmart Pay

As the war on physical cash continues, retailers are increasingly promoting the use of digital payment apps. In this instance, Walmart Pay is the go-to payment app.

You will need the app to get 5% back on in-store purchases during the first 12 months with either card.

Are the Capital One Walmart Credit Cards Worth It?

Both of these cards are the easiest way to earn some of the highest bonuses at Walmart. Earning up to 5% back can be good if you buy groceries and other household staples at Walmart. But if Walmart.com and Walmart Grocery Pickup services are a tiny part of your monthly spending, another card can be better.

Capital One Venture Rewards Credit Card

The Capital One® Venture® Rewards Credit Card earns unlimited 2x miles on every purchase and (through January 2020) 10x miles at Hotels.com/venture purchases. You can redeem your miles for travel statement credits, book upcoming travel, or transfer to airline partners. Plus, you a Global Entry or TSA PreCheck fee credit, which helps make this one of the best metal credit cards.

The signup bonus is 50,000 points (worth $500 in award travel) by spending $3,000 in the first 3 months. There is also an introductory 12-month $0 annual fee, then $95 each card anniversary.

Capital One Quicksilver

The Capital One® Quicksilver® Card is a flat-rate cash back credit card. You earn unlimited 1.5% back on every purchase. There is no annual fee or foreign transaction fee. The signup bonus is $150 by spending $500 in the first 3 months.

Summary

Both Capital One Walmart credit cards make it easy to earn bonus points on every Walmart purchase. These can be a good option if you spend most of your money at Walmart. If not, a flexible cash rewards card (such as the best cash back credit cards 2019) or one of the best travel credit cards with no annual fees can provide more purchase power.

Josh Patoka

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