compare two Walmart credit cards’ pros and cons, then think which can fulfill your needs, and decide which card will be the best fit for you.
when comes to talking about Walmart credit cards. there are two credit cards for Walmart, a master card and a store card. if you using any type of credit card and have a good credit score. then you can qualify for a Walmart master card if you have a high enough credit score.
suppose you don’t have a credit score, then you will not be eligible for a Walmart master card. however, you can choose the Walmart store card. because you don’t need more credit score for a Walmart store card.
master credit card for Walmart
pros:
if you’re good at shopping, then you like to buy a lot of groceries. if you buy anything through walmart.com
then you’ll earn 5% cash back on every purchase.
there is no annual maintenance fee for Walmart master credit.
you can redeem your credit card reward at any time during checkout at walmart.com
if you doing any foreign transaction through your Walmart master card, then you don’t have any charge (or) fee to make payment.
however, you’ll get 2% cash back when you purchase at Walmart stores, restaurants, and travel and you can earn 1% on all other purchases.
cons:
there are a lot of card credit cards you can get more than 5% cash back on every purchase when compared to Walmart Master credit card if you browse through the internet.
however, no annual fee for a Walmart master card is a big deal, because nowadays lot of companies offer this option easily.
when you have any other credit cards instead of having a credit card for Walmart. then you can also redeem your credit card reward anytime when you check out any product through amazon.com. so nowadays people don’t think it is a good deal.
moreover when you compare Bank of America’s credit card with Walmart’s credit card. Walmart Master card gives you no foreign transaction fee plus 5% cash back when you purchase at walmart.com but the Bank of America credit card gives you the same offer with an extra 20000 points on your first purchase of 1000$ in 90 days.
additionally, you have a lot of credit cards that give you more than 1% cash back on all your purchases such as Freedom Unlimited, Discover It, Capital One Quicksilver, and Wells Fargo cash-wise Visa credit card extra.
store credit card for Walmart
pros:
Walmart store credit cards give you no annual fee and also you can use this card with no foreign transaction fee at
any time.
if you have insufficient balance (or ) sometimes if your payment is bounced there is no additional charge fee (0r) or no return payment fee on your Walmart store credit cards.
moreover on Walmart store cards. when you make any transfer through your card, you don’t have any balance
transaction fee.
particularly when you compare the master and store credit cards of Walmart, on your cash advance fee if you take out cash on your Walmart master credit card, then you will be charged 3% with a minimum of 10$ but if you use a Walmart store credit card there is no fee for cash advance fee charged.
cons:
firstly when comes to store credit cards for Walmart. store card doesn’t have an annual fee, so suddenly most people think it is a good deal but when you compare the master card with the store card’s annual percentage fee (APR), the store card’s APR is more than 8% of the Walmart master card.
moreover, if you miss paying the amount before your deadline with the Walmart store credit card, then you likely be charged up to 39 $ for every late payment. it is also called a late fee.
finally, there are a lot of cards where you can choose to get more than 1% cash back on all other purchases instead of choosing the store cards.
conclusion:
so decide which card will be the best fit for you when comes to credit cards for Walmart Before choosing compare two credit cards with pros and cons that can fulfill your needs .then if you have any doubt about it feel free to contact us or comment below.