Walmart recently reintroduced its credit card program in collaboration with financial technology company OnePay and Synchrony Bank. This marks the second relaunch of the program in just a few years.
The new credit card options include the OnePay CashRewards Card and the OnePay Walmart Spend Card, both of which have a $0 annual fee. The CashRewards Card offers 5% cash back at Walmart for Walmart+ members and 3% for non-members, with 1.5% cash back on all other purchases. On the other hand, the Walmart Spend Card is limited to use at Walmart and Walmart.com.
Both cards come with a welcome bonus of $35 cash back when you spend $75 within 30 days of opening an account. The application process first considers you for the CashRewards Card, with the Walmart Spend Card as an alternative if you don’t meet the qualifications.
While a OnePay account is not required to get a Walmart credit card, you will need the OnePay app to manage your card. The partnership with Synchrony Bank is a return to Walmart’s roots, as Synchrony previously held the Walmart credit card portfolio for many years.
In conclusion, whether you should get a Walmart card depends on your shopping habits and preferences. The CashRewards Card can be rewarding for Walmart loyalists, especially those with a Walmart+ membership. However, if you’re not a dedicated Walmart shopper, a general rewards credit card may be a better fit. Keep in mind that the information provided about the OnePay cards has been collected by BW and has not been reviewed by the issuer.