How to Use and Apply for a Walmart Credit Card

You might be a regular Walmart shopper and every time you check out, they ask you if you want to sign up for their card. You probably have said no this entire time, but are now considering to get a Walmart Credit Card.

But what actually comes with a Walmart card? Can you just use it in Walmart and how can you apply? Are there any savings that actually comes with it?

Applying for a Walmart Credit Card

If you are looking into getting a card, you have to have a credit score of 660 or higher. This is the lower end of a good credit score. If you are looking into getting a store card, you only need a score of 550 to get approved for a card.

There are 2 types of credit cards that Walmart Offers:

  • Walmart Store Card — This can only be used in Walmart stores and Online for Walmart Purchases.
    • 24% APR, without any cash advance.
    • Late fees of $27-38
    • No foreign transaction fees
  • Walmart MasterCard — This MasterCard can be used anywhere that these cards are accepted.
    • 18% – 24% APR
    • 20% – 27% Cash Advance APR
    • Late fees of $27-38
    • 3% foreign transaction fees

Neither of the cards requires you to pay an annual fee, unlike many credit cards.

Whether you choose to get either card, typically there are better alternatives to both options.

Rewards Program (Cash Back):

  • 3 % back on any Walmart Sale
  • 2 % back on gas at any Walmart stores and Murphy USA
  • 1 % back on any other purchase. So anything that accepts MasterCard, you will get 1% back.

You can also get a lot of assistance in getting financed in stores. You can get an interest free grace period if you aren’t in debt of too much. This amount varies from person to person. Any of the more expensive purchases will get you more of a grace period.

Should You Get It?

The Walmart credit card (the one only to be used in stores) is a good deal if you are a frequent shopper at Walmart. You can save a lot of money and get a lot of rewards back, especially with bigger purchases.

If you have unstable finances or don’t really purchase much from Walmart, it may not be the best idea to get one since the interest rates are significantly higher. It may be worth spending a few extra dollars on your credit card just for that piece of mind.

I wouldn’t recommend getting the master card that Walmart offers. There are many other and better deals that other companies offer (that aren’t associated with a store). The high API isn’t worth getting just for a card to say Walmart on it. This can get you stuck in a bad loop and it would be better off if you trusted companies that just have credit cards and isn’t associated with a store.

The reason the API is so high is so both companies (Walmart and MasterCard) can get their fair share from your interest money. Its a good business for them, but not at all beneficial for you.



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