Walmart credit cards are back, but applying is not as simple as choosing the card with the biggest cashback number.
When you submit one application, you are first considered for the OnePay CashRewards Card. If you do not qualify for that card, you may receive the much weaker OnePay Walmart Spend Card instead—and you cannot choose between them.
That difference matters.
The OnePay CashRewards Card earns up to 5% cash back at Walmart, has no annual fee and works anywhere Mastercard is accepted. The Walmart Spend Card has no annual fee, but it works only at Walmart and does not offer a standard cashback program.
Both cards can also carry high variable interest rates. If you regularly carry a balance, one month of interest could erase several months of rewards.
This complete guide explains how the new Walmart credit cards work, what happened to the old Capital One Walmart cards, how much cash back you can earn, which fees to watch and whether OnePay’s new digital-wallet compatibility makes the card worth getting in 2026.
Table of Contents
Walmart Credit Cards at a Glance
The current Walmart credit-card program offers two possible cards through one application.
| Feature | OnePay CashRewards Card | OnePay Walmart Spend Card |
|---|---|---|
| Card type | World Mastercard | Walmart store card |
| Issuer | Synchrony Bank | Synchrony Bank |
| Annual fee | $0 | $0 |
| Where it works | Anywhere Mastercard is accepted | Walmart stores and Walmart.com |
| Walmart rewards | 3% without Walmart+; 5% with linked Walmart+ | No standard cashback program |
| Rewards elsewhere | 1.5% cash back | None |
| Purchase APR | 20.24% or 30.74% variable, based on creditworthiness | 30.74% variable |
| Cash-advance APR | 22.24% or 32.24% variable | Not applicable |
| Cash-advance fee | $10 or 5%, whichever is greater | Not applicable |
| Foreign transaction fee | None | Not relevant because it is Walmart-only |
| Late-payment fee | Up to $41 | Up to $41 |
| Returned-payment fee | Up to $41 | Up to $41 |
| Digital wallets | Apple Pay, Google Pay, Samsung Pay and supported OnePay/Walmart wallets | More limited because it is Walmart-only |
| Prequalification | Soft credit check | Considered through the same application |
| Full application | Hard credit check | Hard credit check |
| Best for | Regular Walmart shoppers who pay in full | Credit building only when better cards are unavailable |
The APRs above reflect the available January 2026 rate-and-fee disclosure. Your actual APR and account terms will be shown during the application process and may differ if rates or terms change.
What Are the Current Walmart Credit Cards?
Walmart’s present credit-card program is built around OnePay and issued by Synchrony Bank.
However, “OnePay card” can refer to several different products. That creates unnecessary confusion for shoppers researching Walmart credit cards.
The two actual credit cards in the current program are:
- The OnePay CashRewards World Mastercard
- The OnePay Walmart Spend Card
Products such as the OnePay Debit Card, OnePay Builder Card, OnePay Wallet and OnePay Later are not the same as these credit cards.
OnePay CashRewards Card
The OnePay CashRewards Card is the stronger of the two options.
It is a general-purpose Mastercard, meaning you can use it at Walmart and anywhere else Mastercard is accepted.
Its primary rewards are:
- Unlimited 5% cash back on eligible Walmart purchases for qualifying Walmart+ members
- Unlimited 3% cash back at Walmart without Walmart+
- Unlimited 1.5% cash back on other purchases wherever Mastercard is accepted
- No annual fee
- No foreign transaction fee
The rewards are issued as OnePay Points. Cardholders can redeem those points for cash back to an eligible OnePay deposit account or through other available redemption options.
The rewards are attractive for Walmart spending, but the card is less impressive for general purchases. A flat 1.5% return outside Walmart is acceptable, yet several competing no-annual-fee cards offer 2% back on most purchases.
OnePay Walmart Spend Card
The Walmart Spend Card is a private-label store card.
It can be used only at Walmart stores and Walmart.com. It cannot be used at an unrelated supermarket, restaurant, hotel or online retailer.
More importantly, the card does not include a standard cashback rewards program.
Its main features are:
- $0 annual fee
- Walmart-only acceptance
- No standard cash back
- A high variable purchase APR
- Consideration through the regular OnePay credit-card application
This card’s value is limited. Its primary potential benefit is helping someone establish payment history without paying an annual fee—provided the cardholder uses it carefully, keeps the balance low and pays every bill on time.
If you qualify for better cards, accepting a Walmart-only account with no standard rewards and a potentially expensive APR is difficult to justify.
You Cannot Choose Which OnePay Credit Card You Receive
This is one of the most important facts competitors often bury.
When you apply, you are automatically considered for the OnePay CashRewards Card first. After reviewing your application, the issuer may:
- Approve you for the OnePay CashRewards Card
- Approve you for the Walmart Spend Card
- Decline the application
You cannot select “CashRewards only” and instruct the issuer to reject you rather than consider you for the Spend Card.
That means you must be willing to accept either possible outcome before submitting the full application.
Prequalification can help you evaluate your chances without immediately affecting your credit score. However, prequalification is not a final approval guarantee.
Who Issues the New Walmart Credit Cards?
Synchrony Bank issues and services the OnePay credit cards.
OnePay provides the digital experience through which cardholders can apply, access virtual-card information, review rewards and manage supported features. Nevertheless, Synchrony makes the credit decision and handles the underlying credit-card account.
This matters when you need help.
Depending on the problem, you may need to contact the card issuer rather than Walmart store employees. A cashier or customer-service associate cannot change your APR, reverse a late fee, approve an application or resolve a credit-reporting dispute.
What Happened to the Capital One Walmart Credit Cards?
The previous Walmart credit-card partnership ended in 2024.
That older program included:
- The Capital One Walmart Rewards Mastercard
- The Walmart Rewards store card
Those products are not the same as the current OnePay CashRewards Card or Walmart Spend Card.
Eligible former Capital One Walmart cardholders were transitioned to Capital One products. Receiving or previously holding an old Walmart Rewards card does not automatically create a OnePay account, transfer your old rewards or guarantee approval for a new OnePay credit card.
The current program is a new product relationship.
If you still have a Capital One account that began as a Walmart card, contact Capital One using the number on your card. Do not call OnePay expecting it to manage the former account.
OnePay CashRewards Card Rewards Explained
The OnePay CashRewards Card has three core earning rates.
5% Cash Back at Walmart With Walmart+
Eligible Walmart+ members can earn unlimited 5% cash back on qualifying Walmart purchases.
To receive the 5% rate:
- You must have an active Walmart+ membership.
- Your Walmart+ account must be linked correctly.
- You must use the OnePay CashRewards Card for the eligible purchase.
- Your card may need to be selected as the default payment method in Walmart Wallet.
- The transaction must qualify under the rewards terms.
Five percent back is competitive for Walmart purchases, especially because many traditional grocery cards exclude superstores such as Walmart from their elevated supermarket categories.
However, do not join Walmart+ solely because “5%” sounds impressive.
Nonmembers already earn 3% at Walmart with the card. Therefore, Walmart+ adds only two extra percentage points to the card’s Walmart return.
At the standard $98 annual Walmart+ price, you would need approximately $4,900 in eligible annual Walmart spending for that additional 2% alone to recover the membership fee:
$4,900 × 2% = $98
That is approximately $408 in Walmart spending per month.
If you already use Walmart+ delivery, fuel savings, streaming or other benefits, the membership may be worthwhile at a lower spending level. But joining only to increase the card’s Walmart rewards from 3% to 5% requires significant spending.
3% Cash Back at Walmart Without Walmart+
Cardholders without Walmart+ earn 3% back on eligible Walmart purchases.
That is still a strong return for a no-annual-fee card.
For example:
| Annual Walmart Spending | Cash Back at 3% |
|---|---|
| $2,000 | $60 |
| $4,000 | $120 |
| $6,000 | $180 |
| $8,000 | $240 |
| $10,000 | $300 |
The return is unlimited under the standard rewards structure, although purchases must remain eligible under the program terms.
1.5% Cash Back Everywhere Else
The CashRewards Card earns 1.5% back on purchases outside Walmart wherever Mastercard is accepted.
For example:
| Non-Walmart Spending | Cash Back at 1.5% |
|---|---|
| $2,000 | $30 |
| $5,000 | $75 |
| $10,000 | $150 |
| $20,000 | $300 |
This rate is simple, but it is not market-leading.
A no-annual-fee card earning 2% on general purchases would return $200 on $10,000 of spending—$50 more than a 1.5% card.
Therefore, the CashRewards Card is strongest as a Walmart card rather than as the only credit card in your wallet.
How OnePay Points Work
The card advertises cash back, but rewards are initially earned as OnePay Points.
For example:
- A 5% eligible purchase earns five points per dollar.
- A 3% eligible purchase earns three points per dollar.
- A 1.5% eligible purchase earns 1.5 points per dollar.
Points become available after an eligible transaction settles. In some cases, rewards may take considerably longer to appear, particularly when they come from special offers or bonuses.
Redemption options may include cash back into an eligible OnePay deposit account and other methods displayed in the OnePay app.
Before applying, check:
- Whether you need a OnePay deposit account for your preferred redemption
- The minimum number of points required
- Whether rewards can be used as a statement credit
- Whether points expire
- How returns affect rewards
- Which transactions are excluded
A card is less useful when you cannot redeem rewards in the form you actually want.
Current Welcome Offers Require Careful Reading
Do not apply based on a bonus shown in an old review, search result or social post.
Current promotional pages may display different bonuses depending on:
- Where you begin the application
- Whether you are a Walmart+ member
- The date of the offer
- Whether a spending requirement applies
- Your eligibility
- The application channel
For example, one page may promote a bonus after approval, while another may require a minimum amount of spending within a set period.
The only offer that matters is the one displayed on the page immediately before you apply.
Take a screenshot of the offer, requirements and expiration date. If the bonus fails to post, you will have evidence of the terms you accepted.
OnePay CashRewards Card Fees and Interest
The card has no annual fee, but “no annual fee” does not mean “no cost.”
Purchase APR
The January 2026 disclosure lists two potential variable purchase APRs for the CashRewards Card:
- 20.24% variable
- 30.74% variable
The rate assigned depends on creditworthiness and other factors. The disclosure also states that only a limited number of applicants are expected to receive the lower account type.
The Walmart Spend Card lists a 30.74% variable purchase APR.
Variable APRs can change when the underlying prime rate changes. Always read the exact rate presented with your application.
Minimum Interest Charge
If interest is charged, the minimum interest charge is $2.
Cash-Advance APR and Fee
For the CashRewards Mastercard, the listed cash-advance APR is:
- 22.24% variable for one account type
- 32.24% variable for another account type
A cash advance also costs either $10 or 5% of the advance, whichever is greater.
Cash advances are expensive because interest may begin immediately, without the normal purchase grace period.
Using a rewards card for a cash advance is usually a bad financial decision.
Late-Payment Fee
A late-payment fee can reach $41.
The agreement indicates a $30 fee when the previous six billing cycles were paid on time, or $41 when a required payment was missed during that period, subject to legal limits and the amount due.
Returned-Payment Fee
A returned-payment fee can also reach $41.
This may apply when an electronic payment or other payment method is rejected or cannot be processed.
Foreign Transaction Fee
The CashRewards Card does not charge a foreign transaction fee.
That makes it potentially usable abroad wherever Mastercard is accepted. However, international acceptance, exchange rates, account-security restrictions and ATM costs can still affect the transaction.
Annual Fee
Both the CashRewards Card and Walmart Spend Card have a $0 annual fee.
This makes it possible to keep an approved account open without paying yearly merely to maintain it. Still, inactivity, issuer decisions and cardholder behavior can affect account status.
Why Carrying a Balance Destroys the Rewards
Cash back feels like free money until interest enters the calculation.
Suppose you spend $500 at Walmart and earn 5% back:
$500 × 5% = $25 in rewards
If that $500 balance remains unpaid at an APR near 30%, the interest can quickly exceed the $25 reward.
The problem becomes worse when a cardholder repeatedly adds new purchases while making only minimum payments.
A high reward rate does not rescue an expensive balance.
The card makes the most sense when you:
- Spend only what you already planned to buy
- Keep the balance below your available cash
- Pay the full statement balance by the due date
- Never use the card for a cash advance
- Avoid buying extra items merely to earn points
If you expect to finance groceries or household essentials over several months, prioritize a lower-cost borrowing strategy—not cashback rewards.
Is There an Interest-Free Grace Period?
Yes, the cards provide a standard purchase grace period when the conditions are met.
The due date is at least 23 days after the close of each billing cycle. You can avoid interest on new purchases by paying the entire statement balance by the due date.
However, carrying a balance can disrupt the grace period.
If you did not pay the previous balance in full, interest may continue accruing even after you make a later payment. Review the agreement and statements carefully before assuming one full payment instantly restores interest-free purchases.
Set up automatic payment for at least the minimum, but manually pay the full statement balance whenever possible.
What Credit Score Do You Need?
No guaranteed minimum credit score is publicly promised.
Approval depends on the issuer’s review of factors that may include:
- Credit history
- Payment history
- Existing debt
- Income
- Recent credit applications
- Credit utilization
- Identity verification
- Information in your credit reports
Articles claiming that a particular score guarantees approval are misleading.
A person with a higher score can still be declined because of debt, income, identity-verification problems or recent accounts. Likewise, a person with a lower score may be approved for the Walmart Spend Card rather than the CashRewards Mastercard.
Check prequalification first.
Prequalification uses a soft credit check and does not affect your score. If you proceed with the full application, the issuer performs a hard credit inquiry, which may temporarily affect your credit score.
Information Required to Apply
You may need to provide:
- Full legal name
- Phone number
- Email address
- Mailing address
- Date of birth
- Social Security number or ITIN
- Income information
- Other identifying or financial details
Use accurate information. Differences between your application and credit files can trigger delays or identity-verification problems.
Never submit an application through a link sent by an unknown text message, social-media account or email. Go directly to the official app or website.
Can the OnePay Credit Card Build Credit?
Responsible use may help build credit if account activity is reported to the major credit bureaus.
The behaviors that matter include:
- Paying on time
- Keeping the balance low
- Avoiding repeated applications
- Maintaining the account responsibly
- Monitoring your credit reports
Opening the card does not automatically improve your score.
A new hard inquiry may cause a temporary decrease. A high reported balance can also raise your credit utilization and hurt your score, even if you eventually pay it.
For credit-building purposes, try to keep the statement balance low relative to the credit limit and pay by the due date.
Readers with damaged credit should compare The Best Credit Cards for a 500 Credit Score Without Predatory Fees before accepting a store-only card.
OnePay CashRewards Card vs. Walmart Spend Card
The difference is not close.
| Category | Winner | Reason |
|---|---|---|
| Rewards | CashRewards | Up to 5% at Walmart and 1.5% elsewhere |
| Acceptance | CashRewards | Works wherever Mastercard is accepted |
| Annual fee | Tie | Both charge $0 |
| Foreign use | CashRewards | No foreign transaction fee |
| Cash advances | Spend Card avoids them | Cash advances are unavailable, preventing that expensive behavior |
| Credit-building potential | Depends | Responsible use matters more than the card name |
| Overall value | CashRewards | Better flexibility and rewards |
The Walmart Spend Card should not be viewed as a reward-card alternative. It is a restricted store card that may be offered when an applicant does not qualify for the CashRewards Mastercard.
OnePay CashRewards Card and Apple Pay
As of August 21, 2026, eligible OnePay CashRewards cardholders can add the card to Apple Wallet.
This is a new development, and some older help pages may still say the CashRewards Card cannot be added to Apple Pay. Those instructions are outdated following the latest expansion.
After adding the card, you can use Apple Pay wherever:
- Apple Pay is accepted
- The merchant’s terminal supports contactless payments
- Your account and card remain eligible
This includes select Walmart locations as Walmart begins rolling out tap to pay on August 24, 2026.
Walmart expects contactless payments to reach all U.S. Walmart and Sam’s Club stores by the end of 2026. Fuel stations are expected to follow by mid-2027.
Does Using Apple Pay Affect OnePay Rewards?
Using an eligible OnePay CashRewards Card through Apple Pay should preserve the card’s normal rewards and benefits.
However, the transaction must still meet the reward program’s requirements.
To earn 5% at Walmart as a Walmart+ member, confirm that:
- The Walmart+ account is active.
- The correct account is linked.
- The CashRewards Card is used.
- The purchase qualifies.
- Any required wallet or default-payment setting has been completed.
Do not assume that seeing the card in Apple Wallet proves your Walmart+ account is properly linked.
Google Pay and Samsung Pay Compatibility
The OnePay CashRewards Card can also be used with supported mobile wallets such as Google Pay and Samsung Pay.
Compatibility may depend on:
- Your card
- Device
- Operating system
- Wallet region
- Account status
- Verification process
You may receive immediate access to a virtual card after approval. That virtual card can be useful for eligible online purchases and supported wallets while waiting for the physical card.
For complete setup instructions, readers can follow How to Add a OnePay Card to Apple Pay, Google Pay and Samsung Pay.
Walmart Pay vs. OnePay Wallet
These names sound similar, but they are not identical.
Walmart Pay
Walmart Pay is a QR-based checkout feature inside the Walmart app. It lets you pay using an eligible card saved to your Walmart account.
OnePay Wallet
OnePay Wallet is a separate digital-wallet feature available through OnePay. Users can add eligible debit or credit cards and may earn OnePay Points through qualifying Walmart purchases or activated offers.
OnePay CashRewards Card
This is the actual credit card issued through the current OnePay credit-card program.
You can potentially add the CashRewards Card to Walmart Wallet, OnePay Wallet and supported third-party wallets. The card remains the payment account; the wallet is merely the method used to present it.
OnePay Cash Is Not a Credit Card
OnePay Cash is a deposit-account product with a debit card.
It may offer features such as:
- A debit card
- Direct deposit
- Savings pockets
- ATM access
- Cashback categories subject to limits and requirements
- Other banking tools
Using a OnePay Debit Card spends money from your deposit account. Using a OnePay CashRewards Card borrows against a credit limit and creates a balance that must be repaid.
Confusing the two can cause serious mistakes.
A debit card cannot build revolving credit history in the same way as a credit card. A credit card is also not an FDIC-insured deposit account.
OnePay Builder Card Is Different Too
The OnePay Builder Card is designed as a credit-building product connected to eligible OnePay banking services.
It is not the same as the OnePay CashRewards Mastercard or Walmart Spend Card.
Do not assume that benefits advertised for one card apply to another. Compare:
- Whether a deposit or security requirement applies
- Where the card can be used
- Whether it reports to credit bureaus
- Which rewards it earns
- Whether Apple Pay support is currently available
- Any fees or account requirements
Product names containing “OnePay” do not make the accounts interchangeable.
OnePay Later Is a Loan, Not a Credit Card
OnePay Later allows eligible shoppers to finance certain Walmart purchases over time.
It is not a revolving Walmart credit card.
A pay-over-time plan may have:
- Interest
- A fixed repayment schedule
- Late fees
- Eligibility restrictions
- Credit-reporting consequences
- Different return and refund procedures
Before using it, compare the total amount you will repay—not merely the size of each installment.
For a detailed breakdown, readers can explore OnePay Later Review: Costs, Credit Impact and Better Alternatives.
Is the OnePay CashRewards Card Worth It?
The CashRewards Card can be worth it if you:
- Spend heavily at Walmart
- Pay the statement balance in full
- Want 3% back without paying for Walmart+
- Already receive value from Walmart+ and can earn 5%
- Want a card with no annual fee
- Want no foreign transaction fee
- Can manage rewards through the OnePay system
It may not be worth it if you:
- Regularly carry a balance
- Rarely shop at Walmart
- Want 2% or more on all general purchases
- Prefer simple statement-credit redemptions
- Do not want another financial app
- Are applying only because you expect an easy approval
- Would be disappointed to receive the Walmart Spend Card
Is the Walmart Spend Card Worth It?
For most shoppers, the Walmart Spend Card is weak.
It has:
- No annual fee
- No standard rewards
- Walmart-only acceptance
- A potentially high APR
- Limited usefulness outside credit building
It may make sense if you have limited credit options and can use it responsibly without paying interest. Even then, compare secured cards and credit-builder products first.
A secured card with broader acceptance, bureau reporting and a path to an unsecured account may provide more long-term value.
How to Use the Card Without Falling Into Debt
Follow these rules:
- Create a Walmart spending budget before using the card.
- Never treat the credit limit as additional income.
- Pay the full statement balance every month.
- Set automatic minimum payments as a backup.
- Make an additional manual payment for the remaining balance.
- Keep reported utilization low.
- Avoid cash advances.
- Check every transaction notification.
- Review rewards after purchases settle.
- Save screenshots of promotional offers.
- Verify that your Walmart+ account remains linked.
- Lock the card immediately if it disappears.
The rewards are real, but so is the interest. If you cannot pay in full, the card’s cashback rate should not drive the decision.
OnePay Walmart Credit Card FAQs
The following answers address the most common questions about the current Walmart credit cards, rewards, approval process and digital-wallet compatibility.
1. Does Walmart Have a Credit Card in 2026?
Yes. Walmart currently offers the OnePay CashRewards Card and the OnePay Walmart Spend Card through Synchrony Bank.
2. What Is the New Walmart Credit Card Called?
The primary card is the OnePay CashRewards World Mastercard. Applicants who do not qualify may be considered for the OnePay Walmart Spend Card.
3. Is the OnePay CashRewards Card a Mastercard?
Yes. It can be used wherever Mastercard is accepted, subject to account status and merchant acceptance.
4. Is the Walmart Spend Card a Mastercard?
No. It is a private-label card that can be used only at Walmart stores and Walmart.com.
5. Who Issues the OnePay Walmart Credit Cards?
Synchrony Bank issues and services the credit-card accounts.
6. Can I Choose the CashRewards Card Instead of the Spend Card?
No. You apply through one process and are considered for the CashRewards Card first. The issuer determines whether you receive that card, the Spend Card or a denial.
7. Does Prequalification Hurt My Credit Score?
No. Checking prequalification uses a soft credit inquiry.
8. Does the Full Application Affect My Credit?
Yes. Submitting the full application results in a hard credit inquiry that may temporarily affect your score.
9. What Credit Score Is Needed for a Walmart Credit Card?
No guaranteed minimum score is published. Approval depends on your complete credit and financial profile.
10. Does the OnePay CashRewards Card Have an Annual Fee?
No. The annual fee is $0.
11. Does the Walmart Spend Card Have an Annual Fee?
No. It also has a $0 annual fee.
12. How Much Cash Back Does the CashRewards Card Earn at Walmart?
It earns 3% at Walmart for nonmembers and 5% for qualifying Walmart+ members who meet the program requirements.
13. Does the Walmart Spend Card Earn Cash Back?
It does not include a standard cashback rewards program.
14. How Much Does the CashRewards Card Earn Outside Walmart?
It earns 1.5% back on eligible purchases wherever Mastercard is accepted.
15. Is There a Limit on Walmart Cash Back?
The core 3% and 5% Walmart earning rates are advertised as unlimited, although purchases must qualify under the rewards terms.
16. Can I Use the OnePay CashRewards Card With Apple Pay?
Yes. Apple Pay support for the OnePay CashRewards Card was introduced on August 21, 2026.
17. Can I Use It With Google Pay?
Yes, eligible cardholders can add the card to supported Google Pay devices.
18. Can I Use It With Samsung Pay?
Yes, the card supports Samsung Pay on eligible accounts and devices.
19. Can I Use the OnePay Card Through Walmart Pay?
Eligible OnePay cards can be added to supported Walmart payment tools. Check that the correct card is selected before scanning the checkout QR code.
20. Does Apple Pay Stop Me From Earning OnePay Rewards?
No. Eligible purchases made with the OnePay card through Apple Pay should continue earning the card’s normal rewards.
21. Does the Card Charge Foreign Transaction Fees?
The OnePay CashRewards Card does not charge a foreign transaction fee.
22. What Happens If I Cancel Walmart+?
Your Walmart cashback rate generally falls from 5% to 3%, while eligible non-Walmart purchases continue earning 1.5%.
23. Is OnePay Cash the Same as the OnePay Credit Card?
No. OnePay Cash is a deposit-account product with a debit card. The CashRewards Card is a revolving credit account.
24. Is OnePay Later the Same as the Walmart Credit Card?
No. OnePay Later is a pay-over-time financing product with separate approval, costs and repayment terms.
25. Is the OnePay CashRewards Card Good?
It is a strong no-annual-fee card for frequent Walmart shoppers who pay in full. It is less competitive for general spending and can become expensive if you carry a balance.
Conclusion: The CashRewards Card Is Strong, but the Spend Card Is a Weak Consolation Prize
The OnePay CashRewards Card is the clear winner in Walmart’s new credit-card program.
It offers 3% back at Walmart without a membership, 5% for eligible Walmart+ members and 1.5% everywhere else Mastercard is accepted. It also has no annual fee, no foreign transaction fee and support for major digital wallets.
However, the card is not automatically a good deal for every applicant.
The variable APR can be high, the 1.5% general-purchase rate is only average, and you cannot guarantee that you will receive the CashRewards Mastercard. You may be approved for the Walmart-only Spend Card instead.
Check prequalification before risking a hard inquiry. Read the exact card, APR, bonus and terms presented before accepting. Most importantly, apply only if you can pay the full statement balance every month.
Five percent cash back can save you money. Interest near 30% can take it back much faster.
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