What is the Functionality of Walmart Credit Cards?

Functionality of Walmart Credit Cards

Walmart is one of the largest retail chains in the world, and they offer credit cards to their customers. These credit cards provide various benefits to the cardholders, such as rewards,discounts, and cashback. In this article, we will discuss the functionality of Walmart credit cards in detail.

Rewards Program

One of the primary benefits of Walmart credit cards is therewards program. Walmart credit cardholders can earn rewards on their purchases. The rewards program offers cashback in the form of statement credits. The credit cardholders can earn up to 5% cashback on the purchases made at Walmart stores. Additionally, they can earn 2% cashback on purchases made at Murphy USA and Walmart gas stations. The cardholders can also earn 1% cashback on purchases made at other merchants.

Discounts

Walmart credit cardholders can avail of exclusive discounts from Walmart stores. For example, they can get a discount of $25 on their first purchase of $75 or more. Moreover, they can get a discount of 3% on their purchases made at Walmart.com. The discounts are available only to the Walmart credit cardholders, and they can save a lot of money on their purchases.

Free FICO Score

Walmart credit cardholders can get a free FICO score every month. The FICO score is a credit score that is used by lenders to determine the creditworthiness of a borrower. The credit cardholders can keep track of their credit scores and make necessary improvements to their credit history.

No Annual Fee

Walmart credit cards do not charge anyannual feeto the cardholders. The cardholders do not have to pay any fee to keep the credit card active. However, they have to pay interest on the outstanding balance if they do not pay the full balance every month.

Conclusion

In conclusion, Walmart credit cards offer various benefits to the cardholders. The rewards program, discounts, free FICO scores, and no annual fee make it an attractive option for the customers who shop at Walmart stores. However, it is essential to use the credit card responsibly and pay the balance in full every month to avoid paying interest.

Tips for Applying for Credit Cards

When applying for a credit card, it is essential to compare the features and benefits of different credit cards. Look for a credit card that suits your financial needs and lifestyle. Moreover, it is crucial to maintain a good credit history to qualify for credit cards with better rewards and benefits.

Saving Money with Credit Cards

Credit cards can help you save money if you use them responsibly. Look for credit cards that offer cashback, rewards, and discounts on your purchases. Additionally, pay your balance in full every month to avoid paying interest.

Annual Fees and Risk Mitigation

Some credit cards charge an annual fee to the cardholders. It is important to consider the annual fee before applying for a credit card. Moreover, it is crucial to avoid overspending on the credit card and pay the balance in full every month to avoid accumulating debt. Finally, it is important to keep the credit card information secure and avoid sharing it with anyone.

Recommended Credit Card Companies

There are various credit card companies in the market, and it can be challenging to choose the right one. Some of the recommended credit card companies are Chase, American Express, and Citibank. These companies offer credit cards with competitive rewards and benefits. However, it is important to compare the features of the credit cards before applying for them.