New Capital One Walmart Rewards Card members can earn a $50 bonus to offset holiday shopping - CNBC

The holiday shopping season kicked off earlier than usual this year with retailers already running holiday deals. To help offset your holiday shopping, Capital One is releasing an Early Spend Bonus for the Capital One® Walmart Rewards™ Card.

New cardholders can receive a $50 bonus after spending $300 within the first three months from account approval. This offer runs for a limited-time and its availability depends on how you apply for the card — in Walmart stores or online.

New applicants who apply in Walmart stores can benefit from this welcome bonus beginning November 1 through December 26, 2020. If you plan to apply online, you have a smaller window from November 17 through December 1, 2020.

In addition to the early spend bonus, new cardmembers can earn 5% back on in-store purchases when using Walmart Pay for the first 12 months after approval (after, earn 2%).

That's on top of the card's existing rewards:

5% cash back at Walmart.com
2% cash back on Walmart in-store purchases, at restaurants and on travel
1% cash back everywhere else Mastercard is accepted

Be aware that the Capital One Walmart Rewards Card is significantly different from the Walmart Rewards® Card. The Capital One version of the card can be used anywhere Mastercards are accepted, whereas the Walmart Rewards Card is a private-label card that you can only use at Walmart properties (Walmart.com, the Walmart app, Walmart stores and Murphy USA gas stations).

Capital One® Walmart Rewards™ Card

Information about the Capital One® Walmart Rewards™ Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Rewards
5% cash back at Walmart.com; 2% cash back on Walmart in-store purchases, at restaurants and on travel; 1% cash back everywhere else Mastercard is accepted; 1% back everywhere else Mastercard is accepted
Welcome bonus
5% back on in-store purchases when using Walmart Pay for the first 12 months after approval (after, earn 2%)
Annual fee
Intro APR
Regular APR
17.99% to 26.99% variable
Balance transfer fee
Foreign transaction fee
Credit needed
Good/Excellent

Terms apply.

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Information about the Capital One® Walmart Rewards™ Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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