Walmart, one of the world’s largest retail corporations, offers a credit card to its customers with an attractive rewards program. But what exactly are these reward points, and how do they work? In this comprehensive guide, we will explore the ins and outs of Walmart Credit Card reward points.
Walmart Reward Points, also known as the Capital One Walmart Rewards, are a form of cash back that cardholders earn when they make purchases using their Walmart Credit Card. These points can be earned at different rates depending on where and how the card is used. Every 100 points you earn is equal to $1 in cash value, and these points can be redeemed for cash back, to cover recent purchases, for gift cards, or for travel.
What are Walmart Reward Points?
Walmart Reward Points, officially known as the Capital One Walmart Rewards, are a form of cash back that cardholders earn when they make purchases using their Walmart Credit Card. These points can be earned at different rates depending on where and how the card is used.
How to Earn Reward Points?
Earning reward points is fairly straightforward. Cardholders earn 5% cash back for purchases made on Walmart.com and the Walmart app, including grocery pickup and delivery. In the first year of card ownership, cardholders also earn 5% cash back on in-store purchases when they use their card with Walmart Pay, the retailer’s mobile payments app. After the first year, the rewards rate for in-store purchases drops to 2%.
Additionally, cardholders earn 2% cash back at Walmart and Murphy USA fuel stations, and on restaurant and travel purchases. All other purchases earn 1% cash back.
How to Redeem Reward Points?
Every 100 points you earn is equal to $1 in cash value. These points can be redeemed in several ways:
- Cash back: You can request a check or apply the rewards as a statement credit towards your account balance.
- Cover recent purchases: You can apply rewards towards recent purchases made with your card.
- Gift cards: You can redeem your rewards for gift cards from Walmart, restaurants, hotels, and more.
- Travel: If you have the Capital One Walmart Rewards Mastercard, you can use your rewards to book flights, rental cars, hotels, and more.
Special Promotions
Walmart occasionally offers special promotions that allow cardholders to earn extra points. For instance, there is a 12-month promotional period in which you earn an extra 2 points per dollar spent on all in-store Walmart purchases made with your card using Walmart Pay.
Limitations and Restrictions
While Walmart Reward Points offer a great way to earn cash back on your purchases, there are a few restrictions to be aware of. For instance, the Walmart Credit Card is most beneficial for regular Walmart shoppers, especially those who frequently make purchases online or via the Walmart app. The card does not offer a traditional bonus, such as a cash-back offer or a discount on your first purchase.
Also, your rewards won’t expire for the life of your account, but if your account becomes inactive or is not in good standing, your points may be at risk of expiration.
Conclusion
In conclusion, the Walmart Credit Card’s reward points system offers a way for regular Walmart shoppers to earn cash back on their purchases, with the potential for higher rewards rates for online and app purchases, and during the first year of card ownership. It’s a great way to save money if you’re a frequent shopper at Walmart.
Remember to always read the terms and conditions of your credit card and its rewards program to ensure you’re maximizing your benefits. If you have any questions or uncertainties, reach out to Walmart or Capital One’s customer service for assistance.
By understanding the reward points system in depth, you can make the most out of your Walmart Credit Card and save significantly on your purchases. Happy shopping!
Frequently Asked Questions
Can I earn Walmart Reward Points on every purchase I make with my Walmart Credit Card?
Yes, you earn Walmart Reward Points on every purchase made with your Walmart Credit Card. The amount of points you earn depends on where and how you use your card. You earn 5% cash back on purchases made on Walmart.com and the Walmart app, 2% cash back at Walmart and Murphy USA fuel stations, and on restaurant and travel purchases, and 1% cash back on all other purchases.
What happens to my reward points if my Walmart Credit Card account becomes inactive?
If your Walmart Credit Card account becomes inactive or is not in good standing, your reward points may be at risk of expiration. It’s important to keep your account active and in good standing to prevent losing your accumulated points.
Can I use my reward points immediately after earning them?
Yes, you can use your reward points as soon as they’ve been credited to your account. You can redeem them for cash back, cover recent purchases, get gift cards, or book travel if you have the Capital One Walmart Rewards Mastercard.
Do I need to have a certain amount of reward points before I can redeem them?
No, there is no minimum amount of reward points required before you can redeem them. Every 100 points you earn is equal to $1 in cash value.
Can I earn extra points during special promotions?
Yes, Walmart occasionally offers special promotions that allow cardholders to earn extra points. For instance, there is a 12-month promotional period in which you earn an extra 2 points per dollar spent on all in-store Walmart purchases made with your card using Walmart Pay.
