Capital One Walmart Rewards Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: Capital One (Mastercard network), co-branded with Walmart
• Purchase APR: 19.48% to 29.99% variable
• Annual fee: $0
• Rewards: 5% cash back on Walmart.com (including grocery pickup and delivery), 2% in-store at Walmart and on dining and travel, 1% on everything else
• Tap-to-pay in-store bonus: during the first 12 months, 5% in-store at Walmart when paying with Walmart Pay (tap-to-pay through the Walmart app)
• Welcome bonus: $100 statement credit after $100 in Walmart.com purchases in first 3 months
• Penalty APR: up to 29.99% variable
• Late fee: up to $41 per occurrence
• Foreign transaction fee: none
• Minimum payment formula: 1% of new balance plus billed interest and fees, with a $30 floor
• Typical FICO requirement: 670+
• Cash back redemption: statement credit, gift card, or apply directly to Walmart.com checkout

Source: Capital One Walmart Rewards terms, verified 2026-05-13.

TL;DR

The Walmart Rewards Mastercard is a niche optimization card for households that do significant Walmart.com grocery and merchandise spending. The 5% online rate beats most competitors. The 2% in-store rate is the catch: Walmart wants to drive online purchases, so the in-store rate falls below what other category cards offer for grocery shopping (Citi Custom Cash 5%, Amex Gold 4%). For households shifting away from in-store toward pickup or delivery, the card improves over time.

Worked example: $5,000 balance scenario

$5,000 balance at 24.74% APR, $200 per month payment:

• 32 months to payoff
• $1,900 total interest
• Total cost: $6,900

If the household simultaneously spends $400 per month on Walmart.com (5%) and $300 per month in-store at Walmart (2%):

• Monthly cash back: $20 online + $6 in-store = $26
• 32-month total: $832
• Plus 1% on other spending ($400 per month assumed): another $128
• New-purchase interest under the lost grace period rule: roughly $215 across 32 months
• Net rewards benefit: $745

The rewards reach roughly 40% of the interest cost, which is among the higher rewards-vs-interest recovery ratios in this category. The math improves with higher Walmart.com spending.

Walmart.com versus in-store breakdown

• Walmart.com grocery pickup: 5% cash back (effective 5%)
• Walmart.com delivery: 5% cash back
• Walmart.com general merchandise: 5% cash back
• Walmart in-store: 2% cash back
• Walmart Fuel: 2% cash back at Walmart and Murphy USA stations
• Walmart Pay tap-to-pay in-store (first 12 months only): 5% cash back

The 5% in-store bonus via Walmart Pay drops to 2% after month 12.

Run your specific Walmart Rewards numbers

The pillar tool accepts the Walmart Rewards APR. Enter your specific rate from your statement. There is no annual fee adjustment.

Where Walmart Rewards beats SavorOne for groceries

For households that buy most groceries via Walmart.com grocery pickup or delivery, Walmart Rewards 5% beats SavorOne 3% by 2 percentage points. On $400 per month grocery spend, that is $96 per year more rewards. For in-store grocery shopping at other supermarkets, SavorOne’s 3% beats Walmart Rewards’ 1% (since other grocery stores do not earn the Walmart bonus).

Walmart Rewards versus the Walmart store card

Walmart also offers a separate Walmart Store Card (not a Mastercard), which is private-label and only usable at Walmart locations. The Walmart Rewards Mastercard is a regular open-loop card usable anywhere. Some shoppers hold both for slightly different earn structures, but the Mastercard generally offers better overall value.

Cash back redemption mechanics

Cash back can be redeemed at any amount as:

• Statement credit (most common)
• Gift card (offered at various denominations)
• Direct application to Walmart.com checkout (sometimes promotional bonus on this method)

Cash back never expires while the account is open. On account closure, unredeemed cash back is forfeited if not redeemed within 30 days.

Avalanche priority

The Walmart Rewards APR (19.48% to 29.99%) overlaps with most Capital One cards. If your specific APR is above 25%, this is likely your avalanche priority versus other Capital One cards (Quicksilver and Quicksilver Secured start at 19.99% to 29.99%, so the comparison is close).

Balance transfer alternatives

The Walmart Rewards does not currently advertise a 0% intro balance transfer offer. Transferring an existing Walmart Rewards balance to a 0% personal balance-transfer card is the typical play. On a $5,000 balance at 24.74%:

• Status quo: $1,900 interest, 32 months
• Transfer to a 21-month 0% APR card with 3% fee ($150 fee): $5,150 total, paid off in 21 months at $245 per month
• Savings: roughly $1,750 if you complete payoff inside the intro window

When the Walmart Rewards is the right card

• Annual Walmart.com spending above $3,000
• Mix of online and in-store Walmart shopping
• Need for a no-annual-fee card with strong category rewards
• Already a member of Walmart Plus or considering joining (Walmart Plus members may receive additional benefits)

When the Walmart Rewards is the wrong card

• You mostly shop at supermarkets other than Walmart (use SavorOne 3% grocery or Custom Cash 5% grocery)
• You travel internationally regularly (use a card with broader category coverage)
• You revolve a balance frequently (use a balance-transfer card to avoid 24%+ APR cost)

Pair with a flat-rate card for non-Walmart spending

Walmart Rewards earns only 1% on non-Walmart spending. Pair with Quicksilver (1.5% flat), SavorOne (3% lifestyle), or Venture (2x miles) for non-Walmart purchases.

Sibling Capital One cards

• Capital One Quicksilver payoff calculator
• Capital One SavorOne payoff calculator
• Capital One Venture payoff calculator
• Capital One Platinum payoff calculator

Related

• Credit card payoff calculator (home), pillar tool
• Credit card payoff by card type, full hub
• Balance transfer calculator

Primary sources

• CFPB credit card agreement database
• Federal Reserve G.19 Consumer Credit release

Frequently asked questions

What is the APR on Capital One Walmart Rewards?

The purchase APR is 19.48% to 29.99% variable as of May 13, 2026, per the Capital One Walmart Rewards pricing. Your specific APR was set at application based on your credit profile and adjusts with the Prime Rate as published by the Federal Reserve. The penalty APR can reach 29.99% variable after a 60-day delinquency.

How do I earn 5% in-store at Walmart?

The 5% in-store rate at Walmart is available only during the first 12 months of card membership and only when you pay using Walmart Pay tap-to-pay through the Walmart app. After month 12, in-store Walmart purchases earn 2% regardless of payment method. The 5% on Walmart.com (online ordering, including grocery pickup and delivery) continues at the 5% rate indefinitely.

Does Capital One Walmart Rewards have an annual fee?

No. The Walmart Rewards Mastercard has a $0 annual fee. Combined with the 5% Walmart.com rate and no foreign transaction fees, the card is reasonable to keep open after payoff for households with continued Walmart spending. There is no cost to keeping it open at zero balance to preserve credit utilization.

Does the Walmart Rewards Mastercard work outside Walmart?

Yes. The Walmart Rewards Mastercard is a regular open-loop card usable anywhere Mastercard is accepted, not a private-label Walmart store card. It earns 1% on non-Walmart purchases (and 2% on dining and travel). For non-Walmart spending where you want better rewards, pair with a flat-rate card like Quicksilver (1.5%) or SavorOne (3% on lifestyle categories).

Can I redeem Walmart Rewards cash back at the Walmart checkout?

Yes. Cash back can be applied directly to a Walmart.com order at checkout, redeemed as statement credit, or converted to gift cards. The direct Walmart.com checkout redemption sometimes includes a promotional bonus (small percentage uplift) versus statement credit. Cash back has no expiration while the account is open and active.