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Walmart Credit Card Review

    Walmart offers consumers the chance to save a lot of money on their everyday purchases. New policies and procedures from this retail giant even encourage online price matching within the store. This means you can save money every day, and save even more if you apply for the credit card Walmart has to offer. When approved for a Walmart credit card, you can save 33% on your first purchase that is $75 or more within 60 days of receiving your card. You can also save $10 more on your second purchase of equal value.

    Is the credit card Walmart offers a good deal? Here is the information that you need to know about this credit card.

    #1. You can get special financing offers. Depending on the merchandise you purchased at Walmart, you can qualify for special financing in stores based on the amount that you spend. The special financing offers can extend zero interest on a purchase for up to 24 months. Minimum monthly payments are required and this special financing is subject to credit approval, but this offer can make big-ticket items much more affordable.

    #2. You receive fuel discounts. When you use your Walmart credit card to purchase fuel at a participating gas station, you can save five cents per gallon or litre every day.

    #3. You have zero dollars fraud liability. You will be protected from unauthorized charges on your card assuming that you report these charges promptly.

    #4. Get 1% cash back. The cash back rewards program on the credit card Walmart offers is a little different than what other credit cards on the market today. You do receive 1% cash back. In order to receive this reward, you must spend $500. The reward will not appear as a statement credit until you reach the $500 threshold. Your account must not be two payments past due and in good standing at the time a reward is earned for the credit to be issued. Any unused rewards will expire in 13 months if unused.

    #5. Get better protection against identity theft. Starting on October 31, 2014, Walmart has changed the Discover card branded account to a MasterCard branded account. This changeover has included the incorporation of EMV chip technology. This design helps the new cards be able to increase user protection against fraud when it is used at terminals that are chip enabled. PIN technology is incorporated with these chips so that they are virtually impossible to counterfeit or used fraudulently.

    #6. You have more ways to pay. You may utilize the credit card Walmart offers to take advantage of their layaway program. There is no opening fee necessary with your Walmart credit card. Down payment Charges will be  10% or $10, whichever is greater. In return, you have up to three months in order to pay for the merchandise without paying an interest penalty.

    If you do a lot of shopping at this store, then the credit card Walmart offers has a lot of potential for you. Take a look at their full offer and the many advantages of having this line of credit to see if it is right for you.


    Christopher - BSc, MBA

    With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.

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