Intro: Walmart Credit Card Review

Getting a good rewards credit card is a great way to stretch your dollar a little further than you already do. You can earn money back on items that you were already going to purchase without clipping coupons or shopping for sales.

Most people already drop by Walmart a few times a week to pick up the bare essentials and then some. Why not make the most of the money you spend there with a rewards credit card specifically for Walmart? This Walmart Credit Card review will help you answer some of the key questions to determine if this card is the perfect fit for your family.

We will take an in-depth look at Walmart Credit Card reviews and a Walmart MasterCard review to see what others are saying about the benefits of Walmart’s rewards program. Perhaps most importantly, we will review the basics of the program by answering the question, “What is the Walmart Credit Card?”

What Is the Walmart Credit Card?

Answering “What is the Walmart Credit Card?” is relatively easy: it is Walmart’s in-house credit card rewards program that encourages shoppers to spend more in its stores instead of at competitors’ stores. You earn a certain percentage back on your purchases depending on what and where you do your shopping.

The card can be used in any of Walmart’s various outlets: Walmart stores and supercenters, neighborhood markets,, Sam’s Club, and Murphy’s USA gas stations.

Your rewards points are issued as credit on your monthly statement, reducing the amount that you owe for the month. One of the great aspects to mention in a Walmart card review is that there is no limit to the amount of cash back you can earn on your monthly statement.

You continue to accrue credit based on the purchases you make without restrictions. Some cards only allow you to accumulate rewards on the first portion of your spending in each category, but there are no such limits with the Walmart Credit Card program. You can earn:

  • 3% cash back on purchases from
  • 2% cash back on fuel purchases from Walmart or Murphy’s USA gas stations
  • 1% cash back on all other purchases from participating Walmart centers

Walmart also offers a Walmart MasterCard which can be used at any retail outlet that accepts MasterCard as payment. You can earn 1% cash back for all purchases made with this card, including at stores other than Walmart. This significantly expands your opportunities to spend, but the higher 2% and 3% cash back rewards will only accumulate for purchases made at a Walmart center or through its website.

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How Do You Qualify for the Card? Walmart Credit Card Review

Applying for a new credit card can be stressful, so it helps to know the requirements upfront. First and foremost, what credit score is needed for a Walmart Credit Card application? Walmart doesn’t publicize a specific credit score that guarantees certain approval.

Each case is unique, and it encourages applications to be considered. However, a Walmart Credit Card review from Value Penguin states that the card is best for those who have a credit score lower than 630.

Individuals with credit scores higher than 630 may have the potential to apply for cards with better benefits, but you can still benefit from this card if you are a frequent Walmart shopper or are looking for some extra savings on fuel purchases.

Another common question in terms of qualifying for the card is what bank is the Walmart Credit Card through? The Walmart MasterCard is through Synchrony Bank pursuant to a license by MasterCard International Incorporated. The rewards are also provided through Synchrony Bank.

Answering common questions, like “What credit is needed for the Walmart Credit Card?” and “What bank is the Walmart Credit Card through?” gives you a better idea of what to expect from a Walmart Credit Card.

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Walmart Credit Card Review and Walmart MasterCard Review

Walmart Credit Card reviews have a lot to say for both the positive and negative attributes of the card. The biggest drawback to this credit card is the high APR (22.9% variable APR), which is less than ideal if you intend to have a revolving monthly payment. Any money outstanding on your account should be paid during the monthly statement to avoid eating into the rewards that you earn. According to another Walmart card review, this is almost at the maximum rate charged.

Another Walmart Credit Card review points out that it does offer 0% APR financing options for Walmart purchases. However, you will need to make sure that you pay off the balance before the end of the term or you will pay 16.9%, 19.9% or 22.9% APR on the purchase, depending on your current credit score.

A Walmart MasterCard review from Nerd Wallet lists an additional benefit for those approved for the card: there is no annual fee. This is ideal for those with poor credit history because it does save them the additional $20 to $40 per year cost for a card from other credit unions.

Overall, consumers with poor credit who have few options seem to be mostly satisfied with the offerings from the Walmart Credit Card and the Walmart MasterCard. Credit Karma’s Walmart Credit Card review gave it an overall 3.5 stars out of five based on the application process, customer service, and cardholder ratings.

Credio’s Walmart Credit Card review and Walmart MasterCard review gave it similar ratings, with most of its four categories (card satisfaction, issuer satisfaction, rewards satisfaction, and fees satisfaction) coming in right around 3.5 out of five.

According to the Walmart Credit Card reviews, most borrowers find it to be solidly mediocre in regard to its terms, fees, and offerings. Overall, Banking Sense concludes in its Walmart card review that it is best for people who have “no credit, poor credit, or moderately decent credit” as well as those accustomed to higher interest rates.

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What Is the Walmart MoneyCard? Walmart Credit Card Review

If you like the idea of the rewards issued for the Walmart Credit Card but aren’t a fan of the terms on the card, the Walmart MoneyCard might be a better solution. It is a reloadable prepaid debit card that offers the same cash back rewards available through the credit card, but without interest rates associated with borrowing money.

You can deposit checks into this account, write checks to pay bills, and send money to other card users. You are also able to set up direct deposit directly onto this card for faster payment versus check cashing through Walmart’s app or in the store. Your spending isn’t even limited by Walmart locations. You can use this card anywhere that accepts MasterCard or Visa debit cards.

Walmart MoneyCard reviews, like this one from Nerd Wallet, point out that you do get plenty of benefits, but there are a few drawbacks. You can redeem up to $75 in cash back each year, and there are tons of online services available. Unfortunately, your rewards can only be redeemed after twelve months if your account is in good standing. Also, there are no free ATMs available outside of Walmart stores.

Overall, the Walmart MoneyCard or debit card is a good choice if you plan to use it mostly within the Walmart store chain or if you don’t need to withdraw cash from your account often. Fees for withdrawals at ATMs can really add up if you plan to utilize these often.

Similar to the Walmart Credit Card reviews, the Walmart MoneyCard reviews also seem to label it as an average card with average benefits. Card Hub’s Walmart debit card review gave it an overall rating of 3.5 stars out of 5 while Credit Karma granted it only 2.1 stars out of five.

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Is the Walmart Credit Card, Walmart MasterCard or Walmart MoneyCard for You?

walmart debit card review

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Now that we’ve answered basic questions, like “What is the Walmart Credit Card?” and “What bank is the Walmart Credit Card through?” we need to weigh whether any of these options is right for you.

Undeniably, there are some definite perks to all three options provided by Walmart to help you accrue cash back rewards on your purchases. If you’re a frequent Walmart shopper, these are cards you’ll want to consider. According to Walmart Credit Card reviews and Walmart MasterCard reviews, these cards might be ideal for you if:

  • You have no credit history or a low to average credit score that prevents you from qualifying for other cards with better benefits
  • You intend to pay off your monthly balance in a timely manner instead of allowing the balance to continue revolving
  • You’re interested in the 0% APR financing for Walmart purchases
  • You are okay with the high interest rates that accumulate if the balance is not paid off

If the above doesn’t describe your needs, you might want to consider the Walmart debit card or Walmart MoneyCard. This gives you many of the benefits (like cash back rewards) but without fear of accumulating interest. If this card will be primarily used for purchases in-store instead of for cash withdrawals, it allows you to have the perks without the drawbacks.

Before opening a new credit account, carefully consider your ability to pay off the coming statements. If you aren’t sure whether or not it will be possible, the Walmart MoneyCard might be a better option for you. Overall, any of the three options offer good benefits with average customer service and a few drawbacks. Make sure to weigh what Walmart Credit Card reviews from consumers conclude before proceeding with a new credit card.

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