Taxes +More All Taxes Filing For Free Best Tax Software Best Tax Software for Small Businesses Tax Refunds Tax Brackets Tax Tips Taxes By State Tax Payment Plans Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt ReliefĬredit Monitoring +More All Credit Monitoring Best Credit Monitoring Services Best Identity Theft Protection How to Boost Your Credit Score Best Credit Repair Companies Best Mortgages for Average Credit Score.Best Loans to Refinance Credit Card Debt.You can also take advantage of the introductory APR to avoid interest charges.įor more details, see our Wells Fargo Active Cash Card review. While 2% is significantly less than the 5% back you’d get at with the Walmart Mastercard, the flexibility makes the Active Cash credit card a go-to staple for your wallet.įor a welcome bonus, you can also earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. The Wells Fargo Active Cash® Card offers an unlimited 2% cash rewards on purchases - one of the best flat-rate cards you can find. See our review of the Bank of America Customized Cash Rewards card for more information. Walmart is considered a “superstore” so won’t be covered by the 2% category, but if you choose online shopping for your 3% category, you’ll get 3% back at and other places you shop online (excluding non-retail services like insurance, membership organizations, and schools). The available 3% categories are online shopping, gas, dining, travel, drug stores or home improvement stores. You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%. The Bank of America Customized Cash Rewards credit card* earns 3% cash back in the category of your choice (as well as earns 2% cash back at grocery stores and wholesale clubs). Alternative cards Bank of America® Customized Cash Rewards credit card The APR is fairly high at 19.48% or 29.99% variable, so it’s especially important to pay off your entire balance every month to avoid interest charges. If you have lots of different credit cards for different stores and spending categories, make sure you have a good management system in place so you never miss a monthly payment. With no annual fee and a straightforward cash-back program, there aren’t too many drawbacks. You can also redeem your points for travel through Capital One’s travel portal. The reimbursement is similar to the statement credit, except that the purchases reimbursed won’t be counted toward your statement balance at the end of the month. Once in the rewards section, you’ll have the choice to redeem your points as a statement credit, a check, a gift card or as a reimbursement for recent purchases. When you log into your online account through the Capital One website or mobile app, you can see how many rewards points you’ve earned by clicking on “View Rewards.” Note that your balance will be shown in points, with each point equalling one cent. There are a variety of ways you can redeem your Capital One rewards. The cash back you earn will actually post to your account in the form of rewards points. For travel and dining, you can find better cash-back credit cards with no annual fee that offer higher rates. So for online shopping at Walmart, this card is competitive - or if you’re willing to use Walmart Pay in store for the first year. Outside of Walmart, you’ll earn 2% cash back at restaurants and on travel, and 1% cash back on other purchases.ĥ% is an excellent rate for general rewards credit cards, but the standard in-brand rate for retailer credit cards. However, for the first year, you can earn 5% back at Walmart stores if you use Walmart Pay, the digital wallet app, to make your purchases. The Capital One Walmart Card earns 5% cash back on, including pick-up and delivery, and generally 2% cash back in Walmart stores. Still, if you wanted to keep the card for strictly Walmart purchases, this credit card has no annual fee so you can effortlessly earn up to 5% back at Walmart. The Capital One Walmart Rewards® Mastercard®* is the rare retailer credit card that allows you to earn cash back rather than store credit, though it does favor shopping online at to shopping in store.ĭespite the preference for online shopping, the Walmart Mastercard offers a few additional rewards categories for everyday spending outside of Walmart, like on restaurant and travel purchases - though other credit cards may offer more competitive rates. 1% cash back on all other purchases everywhere else Mastercard® is accepted
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