Walmart, Capital One announce new Walmart reward cards

The programmes Mastercard will be accepted everywhere, while the private-label Walmart Rewards Card will be only for store purchases.

The 5% cashback in-store offer, which is an introductory offer for the first 12 months, only applies to store purchases using Walmart Pay, the retailers mobile payment service. After the introductory offer, the cards will offer 2% back on Walmart store purchases. Walmart.com purchases, including Walmart Grocery Pickup and Delivery, give 5% back.

Current Walmart cardholders will be converted to one of the two new cards and can start earning the rewards on 11 October with Walmart Pay before the new cards arrive beginning in November, according to the news release. Current cardholders also will be eligible for the 5% in-store Walmart Pay introductory offer through 14 October 2020.