What Bank Issues the Walmart Credit Card

The Walmart credit card is issued by Capital One. This means that if you're approved for a Walmart credit card, your account will be managed by Capital One.

Capital One is a well-established bank with a long history of providing credit services to millions of customers.

The Walmart Rewards Mastercard is issued by Capital One, and its benefits may be provided by Visa or Mastercard, with terms and exclusions applying.

You can earn boosted rewards on purchases made at Walmart, but if you shop at other stores or live far from a Walmart, the card may not be worth keeping.

Capital One may update the rewards program on this card, which could affect your boosted rewards rate.

Consider adding a rewards card to your wallet that offers rewards in broader categories to match your spending habits.

The Walmart Credit Card offers several benefits to its users. Some benefits are provided by Visa or Mastercard and may vary by product.

The Guide to Benefits provides details on these benefits, but be aware that terms and exclusions apply.

The Walmart credit card is issued by Synchrony Bank, a leading issuer of private-label credit cards in the United States. Synchrony Bank has been issuing the Walmart credit card since 2015.

You can apply for a Walmart credit card online or in-store, and approval is typically instant.

The Capital One Walmart Rewards Card is a solid option for those who frequently shop at Walmart. It offers 5% cash back on Walmart.com purchases, including grocery pickup and delivery orders.

If you're a big Walmart fan, this card is definitely worth considering. You can earn 2% cash back on in-store Walmart purchases, restaurants, and travel, and 1% on all other purchases.

However, if you prefer shopping at different stores or don't live close to a Walmart, this card might not be the best choice. You'll want to consider a rewards card that offers rewards in broader categories that match your spending habits.

One of the benefits of the Capital One Walmart Rewards Card is that it has no annual fee. This makes it a relatively low-risk option for those who want to try out a rewards card without committing to an annual fee.

The card's rewards program is a bit limited, earning bonus cash back only in specific categories. However, it's worth noting that the card has been discontinued, so you might want to consider other options that offer more flexibility.

Existing cardholders can expect a new Capital One Quicksilver Mastercard to be sent to them on a rolling basis, starting in September and throughout early 2025. This means not all customers will receive their new card at the same time.

The new Quicksilver card will earn an unlimited 1.5% cash back on all purchases, with no annual fee. It also earns 5% cash back on hotels and rental cars booked through Capital One Travel.

Customers will retain any rewards they've earned with their current Walmart credit card, with points transferring to the Quicksilver card at a value of one cent per point. This is a great benefit for those who have accumulated rewards over time.

Any remaining balance on the Walmart credit card will be transferred to the new Quicksilver card, so customers don't have to worry about paying off two separate balances.

Here are the ongoing rewards offered by the Capital One Quicksilver Cash Rewards Credit Card:

Walmart cardholders who are moved to the Quicksilver card are ineligible to receive its sign-up bonus, so it's essential to activate the new card and destroy the old one as soon as possible.