Reviews

Walmart MoneyCard full review: should you get it?

Walmart MoneyCard is a card with exclusive advantages and benefits for Walmart customers, but it goes even further and allows you to buy at any other store. Read on to learn about this card!

Advertisement

by José Gonçalo

09/17/2022 | Updated on 01/11/2023

Walmart MoneyCard: up to 3% cashback

Walmart MoneyCard
Learn all about the Walmart MoneyCard. Source: Walmart

Indeed, the Walmart MoneyCard is a very popular card among all Americans. This offers special conditions when shopping at one of the largest department store chains in the country.

Walmart MoneyCard logo

Walmart MoneyCard: check out how to apply!

Learn how to apply for the Walmart MoneyCard, the debit card that gives you advantages when shopping at Walmart and any other store!

Also, you can enjoy great benefits and advantageous rates. See the review below and learn more about this card:

Credit ScoreNo minimum credit score
Annual Fee$5.94 monthly fee (waived for those receiving direct payroll deposits and/or government benefits accounting for at least $500 monthly)
Regular APR0%
Welcome bonus*$20 bonus;

*Terms apply
Rewards*3% cash back on purchases at walmart.com; 2% on purchases at Walmart gas stations; 1% at Walmart physical stores (a maximum reward of $75 per year)

*Terms apply

Walmart MoneyCard: learn more about this financial product

First of all, it is important that you know that this is a prepaid debit card. In effect, this means that this product does not offer credit. However, you can still enjoy a number of perks.

This card offers a cashback program. Plus, you can win prizes of $1,000 every month without having to pay anything for it.

Anyone who thinks that this is an exclusive card for shopping at Walmart stores is wrong. In fact, you can use it at any establishment that accepts Mastercard or Visa.

Also, this can be a good tool to teach your family about money management. In fact, this card allows you to add four users over the age of 13 to your account and allows you to control all of them.

If you are in a hurry, bring your salary or government benefits to this card. So, you can receive it 2 or 4 days in advance. Finally, if you run out of balance, you can count on $200 overdraft protection.

Walmart MoneyCard features

Young couple using smartphone/cellphone
Learn more about the card’s pros and cons. Source: Walmart

Indeed, whether you’re a Walmart customer or not, you have good reason to use this card. However, before requesting it, it is important to know its main advantages and disadvantages.

That way, you’ll be sure you’re making a good choice. To stay on top of this, see the lists below:

What are the benefits? 

  • Compete for prizes of $1,000 and 999 other cash prizes every month;
  • Fat your piggy bank: with this card, your savings earn 2% APY;
  • Coverage of up to $200 for overdraft;
  • Before everyone else: Get your salary or government benefit 2 or 4 days in advance. 

And what are the drawbacks?

  • Very low reward cap cashback program (only $75 per year maximum);
  • 3% foreign transfer fee;
  • To avoid the monthly fee, you will need to receive deposits that add up to at least $500 per month.

What credit score do you need to get the Walmart MoneyCard?

Indeed, this card does not consult your credit or history. Hence, you don’t have to worry about your credit score. So get accepted, even with a bad credit score.

How does the Walmart MoneyCard application process work?

Indeed, getting that credit card is extremely easy. To find out how to have it in your wallet, check out our post below!

Walmart MoneyCard logo

Walmart MoneyCard: check out how to apply!

Learn how to apply for the Walmart MoneyCard, the debit card that gives you advantages when shopping at Walmart and any other store!

About the author

José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

Trending Topics

content

Chase Freedom Flex℠ card: check out how to apply!

Learn how to apply for Chase Freedom Flex℠, a card with one of the most lucrative reward programs in the US. Check out how to apply!

Keep Reading
content

Upgrade personal loan: find out how to apply!

Learn how to apply for an Upgrade personal loan and get access to up to $50,000 in fixed and predictable monthly fees. Read on to learn more!

Keep Reading
content

BMO CashBack® World Elite® Mastercard® card: check out how to apply!

Apply for the BMO CashBack® World Elite® Mastercard® card: know the requirements to have one of the best cashback programs at your disposal.

Keep Reading

You may also like

content

PREMIER Bankcard® Secured credit card full review: should you get it?

The PREMIER Bankcard® Secured credit card is different from other options on the market: $5,000 limit and much more! Find out here.

Keep Reading
content

Credit cards for good credit: discover the benefits of these 5 options

With good credit, you can have many more advantages and perks! Here are 5 great credit cards to make the most of your credit score.

Keep Reading
content

First Progress Platinum Elite Mastercard® Secured credit card full review: should you get it?

Meet the First Progress Platinum Elite Mastercard® Secured credit card, a tool with everything you need to build your credit from scratch.

Keep Reading