Walmart launches two new credit cards

New Credit cards by Walmart offers 5 percent back on digital purchases


American retain corporation giant Walmart has joined hands with Capital One to launch a new credit card program that launches on September 24, 2019 and includes co-branded as well as private-label cards. The Capital One Walmart Mastercard will feature 5 percent back on purchase made on or paid for in-store using the retail giant’s Pay. Meanwhile, the Private-label card, the Rewards Card will offer those some perks, but is limited to being used only in Walmart stores and on

After the initial 12 month introductory period, the co-branded Mastercard will drop to 2 percent on Walmart purchases in stores instead of the 5 percent that was earlier offered. But it will continue to offer 5 percent on purchases made on including Grocery. The card will also offer a 2 percent back on restaurants and travel and 1 percent back everywhere else. Another good feature is that the card does not include any annual fee or foreign transaction fees and its rewards can be used anytime, according to Walmart.

The customers can apply for a new card through Walmart’s website or app or through The application can be filled out with the help of a mobile device and once it is approved, the customers can gain access to the card with immediate effect. The customers can also load the card in to Pay or in to the app of the retailer before the physical card arrives in the mail and is similar to how Apple’s new Apple Card works.

With Capital One, the customers can receive purchase notifications, security alerts and zero percent fraud liability and the ability to lock/unlock a lost or stolen card from the Capital One app. Meanwhile, the new store card also offers 5 percent back on purchases during the introductory period and then offers 2 percent back at the retailer’s Fuel stations. The present American retailer’s card holders will be converted to Capital One Rewards Mastercard or the Rewards Card starting from October 11, 2019.

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