Walmart Credit Cards Reviews 2019 5/5 (1)

walmart credit cards

Walmart Credit Cards offers.

Walmart Credit Cards Reviews 2019. Walmart Credit Cards offer three prize levels ranging from 1% -3%, as well as cash bonus promotions on your first purchase and intermittent interest-free offers from 6 to 24 months.

Manage Your Walmart Credit Card Online Account. Enter online to your Walmart credit card account to make your bill payments, paperless bill list, check your FICO score, and manage your account preferences. click here.

About Walmart Credit Cards

This Walmart Credit Cards offers the best prizes for purchases on the Walmart website and cash bonuses for purchases made on the first day you have the card.

Walmart has two different cards; one is the MasterCard branded option and the other is not. We will use the latter, which is without the MasterCard logo.

Discussions about whether the store credit card is feasible or not enough. If you haven’t studied it, it basically boils down to interest rates, rewards, and benefits, all of which we will discuss in this review.

We believe that discussion is important and because we want to give you the stock to be able to make the smartest choice about store credit cards, we have also written a review about this that covers all the important features of Walmart store cards.

For the next few minutes, we will help you understand the card rewards, benefits, rates and fees and, finally, the opinions of experts and users who actually use the card.

Walmart Credit Card Requirements

Before we get into the prize section, we want to show that getting a Walmart credit card is easier than getting a non-store credit card like Chase Sapphire Preferred.

The credit score that you must have is lower, partly because, from what we read, the credit limit is lower than normal credit cards and APR, which we will discuss in a few minutes, higher.

Although we cannot give you a definite number about the credit score that works for this card, we will say that you can expect to get it if your score is 650 and above and what you produce each month is enough to fulfill your financial obligations.

Walmart Store Rewards Card

When we talk about “gifts,” we refer to the things you get when you use your card for purchase. Save credit cards is different from this a little because they can only be used in stores, but, however, you get a prize.

walmart store rewards card

Walmart store rewards card.

So, the Walmart Credit Card functions from the prize structure 3-2-1. You get 3% in prizes for purchases made at Walmartdotcom, 2% for purchases at Walmart or Murphy USA gas stations and 1% back from what you bought at Walmart and Sam Club brick and mortar stores and Sam’s Club website .

Walmart launched this program in 2016, saying it was a way to simplify gifts for their customers and make them happier.

“We are always looking for ways we can make and change products and services to make them better for our customers,” Walmart said in a press release about the award program. “The 3-2-1 Save program strengthens and simplifies the card propositions of more than 10 million card holders and can help increase the value of their Walmart purchases, no matter how they choose to shop with us.”

Based on our research, we think that Walmart actually told the truth about these gifts making their Walmart purchases more valuable.

This statement comes with a little disclaimer. This doesn’t really mean that each individual prize gives you a big prize, but it’s a trio of prize levels that makes this card strong enough.

For example, the REDcard Target gives you a 5% discount on every purchase you make with your card, but that’s it.

However, Walmart card shop customers get 2% of their gas purchases at Walmart or Murphy.

Also, figures from early 2017 show that Walmart captured almost 22% of national wholesale sales. That means there are many people who shop at Walmart, and if those people use their Walmart card, they will get 1% back.

If you regularly shop at Walmart for household items, food items, clothing, and other things, then the 1% reward rate will eventually be a good opportunity.

As far as how much the prize is really worth for you, it’s hard to explain. The best way to find out for yourself is to count how much you spend on the Walmart website (3%), gas (2%) and in-store (1%).

The Bureau of Labor Statistics estimates that, in 2016, consumers spend around $2,000 on gas and around $4,000 on food. In terms of prizes, it is a $80 prize each year. If you dispose of the $1,000 vacation expenses you make online, then your total annual prize total will be $110 per year.

In our opinion, the prize level is rather weak, especially because gift cards like Citi Double Cash will give you $140 a year with the same purchase amount.

According to small print, the gift you get with your card will appear in your statement the same month you made your purchase.

$35 Returns for a $75 purchase

The second main prize offered by a Walmart credit card is a $35 cash bonus when you spend at least $75 on the first day you approve the card. There are a number of limitations, according to the Walmart print:

  • Gas ​​purchases not count
  • Gift card purchases not count

If for some reason, you are not approved for the card on the day you register, Walmart says when you are actually approved they will send with your card a certificate equivalent to $35.

walmart store

Walmart store items with lot of discounts.

If you apply for a card online, you will only get a discount for online purchases. And, finally, if you apply directly at the Walmart store and you are approved, you will be given a certificate that needs to be scanned at the register.

See also:   Debit and Credit Card Differences

Whatever the method, Walmart says that $35 will be added to your report as a credit with one or two purchase billing cycles.

6% on Thanksgiving and Black Friday

At the time of issuance, cardholders can get a 6% return for online purchases made on Thanksgiving and Black Friday.

This is good excitement because the prize level is double the usual for Walmartdotcom. And this is the beauty. You can do all Christmas shopping from the website in one day.

walmart holidays and black fridays offers

Walmart holidays and Black Fridays offers.

If you spend $800, you will get $24 cash back, which is a better discount than what you get if you make a purchase that is equal to the REDcard Target of 5%.

Benefits of a Walmart Credit Card

Most credit cards have a range of benefits that protect your purchase, offer insurance for canceled trips due to injury, extended guarantees, and return periods.

These programs, however, are connected to MasterCard and Visa. Because the Walmart credit card that we reviewed doesn’t link to those networks, you don’t get that benefit.

walmart credit cards benefits
Walmart credit cards benefits.

However, what you get is an occasional 0% interest offer from Walmart. We browse fine prints and find the following offers that can be sent at any time:

  • There is no interest for 6-24 months
  • There is no interest for 6-24 months if paid in full

The difference between the two offers raises “deferred interest.” The deferred interest is what happens when you don’t pay a promotional balance at the end of the promotion period. If not, you will be charged interest on the initial purchase amount.

This is almost exclusively unique for storing cards and different from ordinary cards which only charge interest on the remaining balance after the intro period ends.

Walmart Credit Card Rates and Fees

This Walmart credit card comes with one interest-rates: 23.890%. That’s pretty standard for a store credit card. The big drawback here is that even people with very good credit who can get sub-16% offers on non-store credit cards will bet 23.90%.

You will also get a hit with a late fee of $27 when you first pay late in a six-month period. The second late payment in the same six months will result in a $38 fee, as well as other late payments within the same time period.

When we sailed the fine print, we found that the payment was made after 5pm. The EST on the due date will be considered late. This is a serious loss for those who live on the West Coast because the cut-off time is 2 things. Our advice is to pay the amount due one day before the due date to be safe.

If you use a Walmart credit card to withdraw cash from an ATM machine, you will have 23.90% APR.

Walmart Credit Cards do not have annual fees.

Public Opinion About Walmart Credit Cards

In our study of what people said about this card, we found many variations. Some sites give it an average value, while consumers hate it or have a middle opinion about it.

Many of the complaints we read are related to poor customer service and unexpected credit line reductions.

While customer service seems to be an Achilles weakness of many store credit cards, it is the reduction in credit limits that concern us. A customer said that Walmart reduced its credit limit by half when they changed banks and had to cancel their previous repayment schedule.

The reason for reducing your credit limit is a big problem is because most of your credit score depends on how much overall balance you use. If your Walmart card is the only credit card you have and your credit limit drops, your score can go down overnight because your balance ratio with your limit increases past the 30% level.

Pros of Walmart Credit Card

The main benefit of this card, in our opinion, is the 6% Thanksgiving / Black Friday prize level and 2% you get from purchasing Walmart / Murphy USA. 2% is convenient because you can fill up when shopping, break down things to do in one trip and get prizes at the same time.

Also, occasional interest-free offers can really benefit you if, in the event of a deferred interest offer, you can pay off all your balance before the entire promo period ends.

Cons of Walmart Credit Cards

The disadvantage of this card is that you don’t get a good reward level for purchases made at Walmart stores. While online purchases continue to be standard practice, many families still buy their food at brick and mortar stores. And the purchase, unfortunately, only gets 1% back.

The Preferred Blue Cash from American Express provides a 6% refund for food purchases, while the Bank of America Cash Gift Card gives 3% return. Both of these cards offer a better interest rate than their shopping gifts.

For Whom This Card Is Good

In our opinion, Walmart Credit Cards are perfect for someone who makes the most of their Walmart purchases online and also buys their gas from Walmart / Murphy USA gas stations. If not, we think there are better cards out there for prizes.

Look at our article about the best cash gift credit cards for finding non-store credit cards that can give you more than the first $500 years and around $400 each year after that.

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Title: Walmart Credit Cards Reviews 2019

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