The Walmart credit card offers benefits like cashback and financing options for Walmart shoppers. Applying for it online is quick and easy.
This guide will walk you through the application steps, from eligibility to application submission. You’ll have all the info you need to apply for your Walmart credit card by the end.
Brief Overview of the Credit Card
This card gives reward dollars on eligible purchases. It includes different protection plans and coverage options.
The card can be used for everyday spending or financing larger purchases. Users can also receive bonus offers when they sign up.
Online applications make the process simple and fast. Approval depends on eligibility and creditworthiness.
Walmart Credit Card Overview
This card provides cashback and rewards on select purchases. It comes in different versions, offering various benefits and protections.
Benefits of the Credit Card
This card offers key perks for frequent shoppers. Here are the main benefits:
- Cash Back on Purchases – Earn 5% reward dollars on selected brands.
- Special Financing Options – Flexible payment plans for larger purchases.
Walmart Credit Cards – Rewards Mastercard
This card comes in two versions: Standard and World Mastercard. Both allow online and in-store use.
The World Mastercard includes extra protections and global acceptance. A sign-up bonus may be available for new users.
This card can be managed through an online account. Approval is subject to meeting credit requirements.
Basic Features
This card comes with several features to enhance security and convenience. Here are some key points:
- Zero Liability Protection – Covers unauthorized transactions.
- Balance Protection Plan – Helps cover outstanding balances in case of illness or job loss.
- Extended Warranty Plan – Extends manufacturer warranties for up to three years.
- Purchase Assurance Protection – Covers theft, loss, or damage within 90 days.
- Global Services – 24/7 emergency card replacement and cash advance.
Eligibility Requirements
To apply for this credit card, you must meet specific criteria. These factors determine your eligibility and approval chances.
Minimum Credit Score Needed
A minimum credit score of 640 is generally required. This score indicates fair creditworthiness.
A higher score can improve your approval chances. Regularly check your credit report before applying.
Required Income Level
Applicants need a stable income to qualify. No specific amount is disclosed, but steady earnings are crucial.
Proof of income may be required during the application process. Meeting this requirement helps in approval.
U.S. Residency Requirements
Applicants must be U.S. residents. A valid U.S. address is necessary.
Non-residents are typically not eligible. This ensures compliance with legal and financial regulations.
Age and Employment Criteria
You must be at least 18 years old to apply. Proof of age and identity is required.
Being employed or having a regular income source is necessary. This verifies your ability to manage payments.
Step-By-Step Guide to Apply for a Credit Card Online
Applying online is straightforward and quick. Follow these steps to complete your application process.
Step 1: Visit the Credit Card Website
Go to the official website. Look for the credit card section. Click on the application link. Ensure you are on the correct site to avoid scams.
Step 2: Choose Between the Store Card or Mastercard
Decide between the Store Card or Mastercard. Each option has different benefits. Select the one that fits your needs. Review their features before choosing.
Step 3: Fill Out Personal Details
Enter your full name, address, and Social Security number. Double-check for accuracy.
Providing correct information speeds up the process. Inaccurate details can lead to delays.
Step 4: Enter Financial Information
Include your income and housing costs. Accurate financial info is crucial. It helps assess your eligibility. Incomplete data might affect your application.
Step 5: Review Terms and Submit the Application
Read through the terms and conditions carefully. Make sure you understand the rates and fees.
Accept the terms if you agree. Submit your application once everything is verified.
Step 6: Wait for Approval
Approval can take a few minutes to several days. Check your email for updates. You may receive further instructions if approved. Be patient during this period.
Interest Rates and Fees
This card comes with different interest rates depending on the type of transaction. Understanding these rates helps avoid unnecessary charges.
APR for Purchases
The preferred interest rate is 21.89%. This rate applies to regular purchases made with the card.
No interest is charged if the balance is paid in full within the 21-day grace period. Failing to pay the full amount will result in interest accruing from the purchase date.
Foreign transaction fees may apply when using the card internationally. Returned payment fees can be charged if a payment is declined.
APR for Cash Advances
The cash advance rate is 22.97%. This applies when withdrawing cash using the card.
Unlike purchases, there is no grace period, and interest accrues immediately. Cash advances also come with additional fees per transaction.
Foreign transaction fees apply for cash withdrawals outside the U.S. A returned payment fee may be added if the bank rejects the transaction.
Late Payment Fee
Missing a payment can lead to a late payment fee. This fee is charged if the minimum payment is not made by the due date.
Interest will also continue to build on unpaid balances. The penalty may increase based on the amount overdue.
Foreign transaction fees still apply to international purchases. A returned payment fee may also be added if the payment fails.
Other Potential Fees
This card may have additional fees for specific actions. Balance transfers and over-limit charges may apply.
Foreign transaction fees are charged when making purchases in another currency. Returned payment fees occur if the bank declines a payment.
These fees can add up quickly, increasing the card’s total cost. Reviewing all terms helps avoid unexpected charges.
Customer Service and Support
Customer support is available for any issues or questions. Contacting them helps resolve problems and obtain account assistance.
The customer service number is 1-877-860-1250. For mail inquiries, the address is 702 S.W. 8th St., Bentonville, AK 72716.
Contacting support can help with billing, lost cards, and account issues. Having this information ready makes communication easier.
Summary of How to Apply for the Walmart Credit Card
Applying for a Walmart credit card online is simple. The process includes choosing a card, filling out details, and submitting an application.
Approval depends on creditworthiness and financial stability. Understanding the terms and fees ensures better financial decisions.
Disclaimer: Terms and conditions may change without notice. Always check official sources for the most up-to-date information.