Walmart and Capital One introduced new credit card

New credit card program offers rewards on purchases made at Walmart and everywhere customers shop

Walmart and Capital One introduced new credit card. Source: shutterstock.com

Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted.

The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, the Walmart Rewards Card, will be available beginning September 24. The card offers cashback and requires no annual fee and no foreign transaction fees.

Customers can apply for the card at Walmart.com, the Walmart app, or at CapitalOne.com. Applicants can text to apply from anywhere and complete their application from their mobiles. Once applicants are approved and their identity is verified, they will receive immediate access to their card for Walmart purchases. If new cardholders sign up for Walmart Pay or already have an account, they can easily load their card into the Walmart app for use in-store and on Walmart.com.

In addition, Walmart and Capital One are offering the Walmart Rewards Card. These cardholders will earn the same 5% back on purchases made at Walmart.com and on the Walmart app; the 5% introductory offer for using Walmart Pay in stores for the first 12 months after approval and an unlimited 2% back on Walmart purchases in stores outside of the introductory offer; and 2% back at Walmart Fuel Stations.

SEE ALSO: 10 largest e-commerce markets in the world

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