Walmart is pretty much shopping for everything under one roof. So in that sense, if you are a regular shopper at Walmart, and also occasionally make big-ticket purchases, owning a Walmart Credit Card can be a good idea.
Walmart offers two credit card options, a store-only card and a MasterCard. Both the credit cards are fairly easy to acquire. You do not need an exceptional good credit card history to qualify for either.
The Walmart Credit Card can be used at Walmart and all Walmart affiliated stores. The Walmart MasterCard on the other hand can be used anywhere where MasterCard is accepted. For a frequent Walmart shopper, a Walmart credit card can lead to considerable savings.
In this article, we take you through a comprehensive journey of the Walmart Credit Card and tell you the six essential things you need to know about this card, before you apply for one. Find out if it suits your requirements and habits, and can actually help you save some big bucks.
1. Where the Walmart Credit Card Works Best?
Use the Walmart Credit Card at Walmart Stores, Sam’s Clubs, Walmart Neighborhood Markets and Walmart.com. With the Walmart MasterCard you can shop at all the mentioned places and anywhere else that accepts a MasterCard.
Table of Details of Walmart Credit Card
|Rewards||There is no rewards program associated with the Walmart Credit Card.|
|Signup Bonus||Save $25 if you spend at least $75 on the day you first open your credit card account.|
|Telephone||Customer Support – 1-877-969-9020|
|Mailing Address||Walmart Headquarters 702 S.W. 8th St. Bentonville, AK 72716|
|Cardmember Agreement||Click here to download|
|Cash Advance APR||19.65% APR. Variable based on the market Prime Rate.|
|Cash Advance Fee||None.|
|Late Payment Fee||There are late payment fees of up to $35.|
|Purchases APR||19.65% APR. Variable based on the market Prime Rate.|
What are the pros and cons of Walmart Credit Card?
Pros of Walmart Credit card:
For any card to be a hit among masses, it must have significant advantages.
1.Walmart does not demand a high credit score to allot a card. So you can easily get one, even with a FICO score of less than 630.
2.The card is great to make some substantial savings on gas. You will get a 5 cent discount on every gallon you buy at a Walmart gas station. However, this cannot be used in combination with the Sam’s Club member discount.
3. Once you become a cardholder, Walmart audits your credit score, and if you have online credit services, you will receive electronic statements of your monthly FICO score at no additional charges.
4.An outstanding feature of Walmart Credit Cards is that there are no annual fees. You can also eliminate interest on purchases entirely, if you pay your whole credit balance by the due date that is 23rd of each month.
5.As a Walmart Credit Card user, you can ask for extra cards for your family members at absolutely no extra costs. However, you must account for all additional charges incurred by authorized cardholders.
6.Another important benefit of Walmart Credit Card is that they provide $0 fraud liability protection from unauthorized charges mitigating all chances of identity theft. Only those you have authorized to use your card online can use it on your behalf. The card is equipped with the chip and signature technology.
7.Being a Walmart Credit Card holder enables you to receive special financing options that do not put a burden on your bank accounts. There are four special financing brackets of 6, 12, 18, and 24 months that you can enroll for depending on your purchase amount. Paying off balance due before the term of the special financing ends, saving interest charges and time.
8. Walmart is currently offering an enticing new account opening scheme that will allow you to save 10% of your purchases up to $250 when you open a new account.
Cons of Walmart Credit Card:
It is always beneficial to be an informed consumer. If you are considering opting for a Walmart Credit Card, you should also know the minuses or disadvantages of the card along with the pluses.
1.The biggest drawback of a Walmart Credit Card is limited location usage. You can only use them in Walmart affiliated outlets that also includes Walmart online stores and gas stations.
2.The interest is a perpetual source of concern. The annual percentage rate for purchases is a high 22.90 percent. For those who have made it a regular practice to pay off credit card balance every month, this will not be a cause of concern, but when you find it difficult to meet high monthly overhead, payments can be a struggle.
3.Late payments involve a high fee of $35. Couple this with high interest rates and you are all set to max out your credit limit, and land in a financial soup.
4.Cash back expires is another drawback of Walmart MasterCard. You will feel like you are collecting these a little too quickly. So, if you haven’t reached $5 or cashed your incentives out after 13 months, you lose it.
2. How Can You Apply for a Walmart Credit Card?
Walmart claims that it is fast and easy to apply for a Walmart Credit Card or MasterCard. They are telling you the truth. You can apply for a Walmart Credit Card at any store register while you are shopping, or at a Jewelry kiosk, or simply online at Walmart.com Credit Card page. When you apply for the card in a store, you will receive a Temporary Shopping Pass that is good for 24 hrs only at the store where you applied.
2.1 How to Apply Your Walmart Credit Card ?
Here is what you need to do to apply for, and activate your Walmart Credit Card:
If you are applying for the card at a store or kiosk, the employees present will give you step-by-step instructions there.
If you want to apply for a Walmart Card online:
I.Go to the website of Walmart Credit Card Online Center: ( http://www.walmart.com/credit).
Click on the “apply now” link under “Walmart Credit Card Quick Links”
II.Those who already have a Walmart account can enter email address and password, and thesign in and apply.
If you don’t have an account, click ‘create and apply’. You will have to register first to complete the card application process.
III.Enter your personal information as required, including your full name, address, date of birth and Social Security Number.
Enter your text here…
- First name, last name, and middle initial
- Address (including city and state)
- ZIP code
- Home phone
- Email address
- Annual net income
- Years at current address
VI. Designate your preferred communication preferences.
Enter the following information where needed:
- Date of birth
- Social security number
- Mother’s maiden name
V.Click the tick box after you have reviewed the Terms and Conditions to consent to them.
click “accept and submit” to see whether you are approved.
VI.If you get approved, your account will be functioning immediately, even before you receive the card.
2.2 Activate Your card.
Walmart aprovided to ways to activating your walmart credit card.
The first You can call the activation number provided above.and also You can complete the process online.
Call Number: 1-877-969-9020
You will need 5 step to complete your activation process below:
1:enter your account number(Your account number can be found on the front of your credit card, or on your statement.)
2:validate you status as the main cardholder.
3:select your security preferences.
4:select a security image then completed the activation process.
Go to http://www.walmart.com/credit Opt for the Activate My Card option.
For activating your Walmart credit card online, go through the following steps:
Go to http://www.walmart.com/credit Opt for the Activate My Card option.
After step 1 You will land on the site
You will land on the account registration page:
You land this page
then click the yellow Register and Activate button.
let’s we are going to next page:
3. How to Start Using Your Online Credit Card Services?
3.1 How to login Your Walmart credit card ?
Go to www.walmartcreditcard.com, and use your login and password to actively use your card to pay your bills online, manage personal information, request credit limit increases and use paperless statements.
You can get more detailed information on all of the above functions by going through
3.2 Forgot password or lost Your Walmart credit card
If you have forgotten your password, you can retrieve it, or acquire a new one through a simple process.
If you forgot Your User name ,you just need to input some wrong letters on the username frame.then you can received this page:
Then you can click orange Button of Look Up My ID or Reset My Password below pictures:
Click the Forgot Password link and your secret shared question will appear. Once you answer the question, your temporary password will be sent to the email on file.
4. FAQs of Walamrt Credit Card Users
The most common ones are listed below:
- How do I sign-up for online credit services?
- What should I do when I have finished viewing my account information?
- What is SSL?
- How can I ensure when my connection is secure?
- What will be the browser requirements to use the card online?
- What should I do if I forget my password?
You can find adequate answers to all these questions and more on
5. What if I want to Cancel My Card?
Like their application process, the cancellation process of Walmart Credit Card is fuss-free. You can call the customer service, and ask them to cancel the card. If your dues are all paid up, and you have redeemed all your rewards, your account will be canceled.
6. Reviews of the Walmart Card
Finally here is a glimpse of what the experts are saying about:
Reviews on Creditcardinsider.com
According to Creditcardinsider.com, Walmart Credit Cards are great for paying off large purchases at no additional interest. Also they have a high APR, so it is not a good idea to carry forward the balance from month to month It is most advisable to pay off the entire balance before due date to reap benefits from this card.
Reviews on Creditkarma.com
On Creditkarma.com, users have given a mixed review of this card. While some found it very useful because of the high credit line it offered, some dissed it for having poor customer service. One thing that most users seem to agree on is the fact that it is a fantastic card to have as long as you are regular with your payments and don’t end up missing one.
Reviews on Valuepenguin
Valuepenguin supports the above statement saying that Walmart Credit Card is very useful for people with low credit scores who are looking to make a substantial amount of savings on gas and are happy getting 1% back on all other shopping at no annual fee. It is however not the best alternative for consumers with FICO score above 630 , who carry a month-to-month balance.