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(No longer available) Capital One Walmart Rewards® Card: 5% cash back for online purchases with Walmart

Update August 8, 2024: Capital One and Walmart have ended their cobranded partnership. The Capital One Walmart Rewards® Card is no longer available to new cardmembers.

Capital One Walmart Rewards® Card card art
Capital One Walmart Rewards® Card

If you are a Walmart shopper, you will want to strongly consider the Capital One Walmart Rewards® Card, especially if you shop online or make use of a Walmart+ membership. The Walmart Rewards card has no annual fee.

Like similar cards from big-box stores, the Capital One Walmart Rewards® Card gives you 5% back on Walmart.com purchases. You’ll also get 5% back on pickup and delivery orders you place online, but you’ll only get 2% back in Walmart stores and fuel stations. The card will give you 2% cash back at restaurants and on travel, plus 1% cash back everywhere else Mastercard is accepted.

Capital One and Walmart don’t advertise any additional benefits of the Capital One Walmart Rewards card beyond its cash back. The card is issued as a Mastercard, so you might qualify for additional benefits based on how the card is issued. See Capital One’s page linking to its benefit guides for more information.

Capital One Walmart Rewards® Card at a glance

Here’s what you need to know about the Capital One Walmart Rewards® Card.

Rewards

5% cash back at Walmart.com and on Walmart pick-up and delivery purchases
2% cash back on Walmart in-store purchases and at fuel stations.
2% cash back at restaurants.
2% cash back on travel.

1% cash back on all other purchases

Benefits

Capital One and Walmart don’t promote any benefits of the Capital One Walmart Rewards® Card. You might be eligible for additional card benefits depending on what type of Mastercard the card gets issued as.

Other important terms

No annual fee

Capital One Walmart Rewards® Card rewards

The Capital One Walmart Rewards® Card card offers its best rewards for shopping with Walmart online. Here are the details.

Walmart.com and on Walmart pick-up and delivery purchases: 5% cash back.
Note that the Capital One Walmart Rewards® Card does not offer 5% cash back on purchases made in-store.

Walmart in-store purchases and Walmart fuel stations: 2% cash back.
Restaurants: 2% cash back.
Travel: 2% cash back.

You earn 1% cash back everywhere else Mastercard is accepted.

Your cash back rewards can be redeemed for cash, to cover a purchase, for gift cards, or for travel.

Benefits of the Capital One Walmart Rewards® Card

Capital One and Walmart don’t promote any benefits of the Capital One Walmart Rewards® Card. Depending on how Capital One issues the card, you might be eligible for additional card benefits. Capital One publishes benefit guides for each type of card that it issues. The Capital One Walmart Rewards® Card is issued as a Mastercard.

About the author

  • Photo of Aaron Hurd, credit card and travel rewards expert.

    Aaron Hurd is a credit card, travel rewards, and loyalty program expert. Over the past 15 years, he has authored over a thousand expert contributions published by leading outlets including WSJ, TIME, Newsweek, Forbes, NerdWallet, The Points Guy, Bankrate, CNET, and many others. He has also served in consulting roles for many of these same outlets, designing content strategy, hiring teams of teams of editors and contributors, developing thought-leadership pieces, and ghost-editing for senior editors. Aaron is well-known in the miles and points community and regularly presents about travel rewards at conferences like the Chicago Seminars and Minnebar. Aaron has enjoyed the game of optimizing credit card rewards since getting his first credit card shortly after he turned 18. He started learning about credit cards and travel rewards from the (now defunct) FatWallet Finance forums and FlyerTalk. He holds more than 40 open credit cards and has first-hand experience with almost every major credit card product.

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