Capital One and Walmart are launching a new Capital One Walmart Rewards Credit Card Program, which launches on September 24 with two new credit cards.

The Capital One Walmart Rewards Mastercard rewards shoppers for purchases made at Walmart and and everywhere Mastercard is accepted. The Walmart Rewards Card provides rich rewards on purchases at Walmart.

Both Capital One Credit Cards have no annual fee and cardholders will earn:

• 5% back on purchases at Walmart.com, inclusive of Walmart Grocery Pickup and Delivery
• 5% back on in-store purchases when using Walmart Pay for the first 12 months after approval as a special introductory offer
• 2% back on Walmart purchases in stores outside of the introductory offer
• 2% back on restaurants and travel, and 1% percent back everywhere else with the Capital One Walmart Rewards Mastercard
• The ability to redeem rewards at any time for travel, gift cards, during online checkout at Walmart.com, for recent purchases and statement credits

What Do I Think Of These Cards?

If you shop at Walmart frequently, it does actually seem like a pretty sweet card. You can buy a ton at Walmart (wish we had them in Manhattan!) and this can be a really easy way to save 5%, including on your groceries, with a no-fee card.

You could also buy Walmart gift cards at office supply stores with a Chase Ink Cash and get 5X Chase Ultimate Rewards points, but for constant ongoing spend, the new Capital One Walmart cards will certainly be worth a look.

No word yet on any bonus offers.

What do you think?

Let me know here, on Twitter, or in the private MilesTalk Facebook group.

You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

New to all of this? The MilesTalk “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.

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