Capital One Walmart Rewards Mastercard

Key Benefits

All Benefits

• Welcome offer: $50 statement credit after you make your first Walmart.com purchase within 30 days of account opening (per Capital One's Walmart Rewards Mastercard terms as posted on Walmart's credit card landing page; this is the current public new-cardmember offer as of 2026-05-23 and is intentionally a low-bar single-purchase trigger rather than a typical 3-month spend threshold, because the card is positioned as a Walmart loyalty acquisition tool rather than a sign-up-bonus play)
• $0 annual fee on the primary card and on authorized users; Capital One does not charge an annual fee on the Walmart Rewards Mastercard, consistent with the card's positioning as a retailer loyalty product (the closed-loop in-store Walmart Rewards Card, which is not a Mastercard, also has $0 annual fee, but only the Mastercard version is usable away from Walmart)
• Earn 5% back in Walmart Rewards on purchases at Walmart.com, including grocery pickup and delivery orders placed through Walmart.com or the Walmart app (per Capital One's Walmart card product terms; this 5% rate applies to digital orders regardless of payment method on Walmart.com and is the headline category that justifies holding the card for Walmart-loyal households)
• Earn 5% back in Walmart Rewards on in-store purchases at Walmart for the first 12 months after account opening, but only when you pay using Walmart Pay in the Walmart app with the Walmart Rewards Mastercard set as the funding source (per Capital One's terms; after the first 12 months, in-store purchases drop to the 2% Walmart-stores tier even if paid with Walmart Pay, which is a meaningful cliff to plan around)
• Earn 2% back in Walmart Rewards on in-store purchases at Walmart and Murphy USA / Walmart fuel stations (per Capital One's Walmart card terms; the 2% in-store rate is the steady-state rate after the 12-month Walmart Pay 5% intro window expires for swipe / tap / chip-insert transactions at the physical store)
• Earn 2% back in Walmart Rewards at restaurants and on dining purchases anywhere Mastercard is accepted (per Capital One's Walmart card terms; this is a real category bonus away from Walmart, distinguishing the Mastercard version from the closed-loop Walmart Store Card which earns no rewards outside Walmart properties)
• Earn 2% back in Walmart Rewards on travel purchases, including airlines, hotels, car rentals, cruise lines, and travel agencies, anywhere Mastercard is accepted (per Capital One's Walmart card terms; the 2% travel rate applies to merchant-coded travel purchases off Walmart property and is competitive with the base rate on many no-annual-fee travel cards)
• Earn 1% back in Walmart Rewards on all other purchases, with no rotating categories, no activation requirements, and no annual caps on the 5% / 2% bonus tiers (per Capital One's Walmart card terms)
• Walmart Rewards redemption ratio is 1:1 (1 cent per 1 Walmart Reward point) when redeemed as a statement credit applied against eligible Walmart purchases (Walmart.com or in-store) or applied to your Capital One Walmart Rewards Mastercard statement balance through the Walmart account dashboard; Walmart Rewards are not transferable to airline or hotel loyalty programs and cannot be redeemed for cash, check, or non-Walmart gift cards
• Walmart Rewards do not expire as long as the account remains open and in good standing (per Capital One's Walmart card terms; closed or charged-off accounts forfeit any unredeemed rewards balance)
• No foreign transaction fees on purchases made outside of the United States (per Capital One's Walmart card terms; Capital One waives foreign transaction fees across its entire consumer card portfolio, including this co-branded retailer card, which is unusual for a $0 annual fee store-branded Mastercard)
• Network: Mastercard, issued on the Mastercard World tier per Capital One's card art and benefits guide (the card carries the Mastercard World designation, not the higher World Elite tier; this matters for the Mastercard network-level benefits package the cardholder is eligible for)
• Standard variable APR: 19.48% to 29.99% on purchases, based on creditworthiness, per Capital One's Walmart card pricing terms as of 2026-05-23; Capital One does not offer a 0% intro APR on purchases or on balance transfers for the Walmart Rewards Mastercard, which is a meaningful gap vs. other Capital One cards like the Quicksilver or Savor
• $0 fraud liability: you are not responsible for unauthorized charges, per Capital One's standard fraud protection policy applied to all consumer credit cards including the Walmart Rewards Mastercard
• Mastercard World benefits (network-level): cell phone protection, ID theft protection, Mastercard Travel & Lifestyle Services concierge, and Priceless Experiences are available via Mastercard's World tier benefits guide where Mastercard offers them (terms, conditions, and exclusions apply per the Mastercard Guide to Benefits applicable to Capital One World cards; the Walmart Rewards Mastercard is not on the higher World Elite tier so it does not get World Elite-only perks)
• Digital wallet support: Apple Pay, Google Pay, and Samsung Pay enabled; the card is also provisionable into Walmart Pay inside the Walmart app, which is the required payment rail to earn the 5% intro in-store rate during the first 12 months
• Eno virtual card numbers: free virtual card number service from Capital One's Eno assistant for safer online checkout; generate single-merchant virtual numbers that can be paused or deleted without affecting your physical Walmart Rewards Mastercard number
• CreditWise: free credit monitoring tool from Capital One that tracks your TransUnion and Experian credit reports and provides your TransUnion-based FICO Score 8; CreditWise is available to all Capital One cardholders and to non-cardholders
• 24/7 customer service via phone, the Capital One mobile app, and online chat; card lock / unlock, transaction alerts, dispute filing, and rewards redemption are supported in the Capital One mobile app, while Walmart-specific rewards redemption and management is handled through the Walmart account dashboard
• Authorized users may be added at no additional cost and any Walmart Rewards earned on authorized-user spend post to the primary cardmember's Walmart Rewards balance; the primary cardmember remains responsible for all charges
• Transfer to airline or hotel partners: Not offered on the Walmart Rewards Mastercard (Walmart Rewards are a closed-loop retailer currency redeemable only against Walmart purchases or the card's statement balance; they cannot be transferred to Air Canada Aeroplan, British Airways Avios, Flying Blue, Singapore KrisFlyer, Hilton Honors, Marriott Bonvoy, World of Hyatt, IHG One Rewards, or any other airline or hotel loyalty program, and Capital One's transfer-partner ecosystem is reserved for the Venture / Spark Miles product family only)
• Lounge access (Capital One Lounges, Priority Pass, Plaza Premium, or partner lounges): Not offered on the Walmart Rewards Mastercard (lounge access on Capital One is reserved for the Venture X and Venture X Business cards; this is a retailer loyalty Mastercard and does not include any travel lounge benefit)
• Global Entry / TSA PreCheck application fee credit: Not offered on the Walmart Rewards Mastercard (this $100 / $78 statement credit benefit is reserved for premium Capital One travel cards like Venture and Venture X; the Walmart Rewards Mastercard is a $0 annual fee retailer loyalty product and does not include any trusted-traveler fee credit)
• Annual travel credits, Capital One Travel credits, dining credits, Walmart+ membership credit, or any other annual statement-credit benefit: Not offered on the Walmart Rewards Mastercard (the card's value proposition is the in-category cash-back-equivalent earning rates, not a stack of annual credits; notably, holding this card does not waive or discount the Walmart+ membership fee)
• Trip Cancellation / Interruption Insurance, Trip Delay Reimbursement, Baggage Delay Insurance, Lost Luggage Reimbursement, Travel Accident Insurance, Rental Car Collision Damage Waiver (CDW), Purchase Protection, or Extended Warranty at the issuer level: Not offered on the Walmart Rewards Mastercard (Capital One does not list these benefits on the Walmart Rewards Mastercard; any coverage the cardholder receives comes from Mastercard's network-level World tier Guide to Benefits where Mastercard chooses to provide it, not from Capital One)