Walmart MoneyCard® review: should you get it?

The 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!


Walmart MoneyCard®: Up to 3% cashback at Walmart!

Walmart MoneyCard®
Check out our Walmart MoneyCard® review to learn all about this card! Source: Foster the Money.

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®

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*None.
Rewards*3% cash back on purchases at; 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.

For instance, the Walmart MoneyCard® offers a great cash back 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

woman shopping with the Walmart MoneyCard®
What are the pros and cons to this card? Source: Walmart.

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? 

  • Waive your monthly fee when you direct deposit $500+ in previous monthly period. Otherwise, $5.94 a month.*
  • Earn 3% cash back at, 2% cash back at Walmart fuel stations, & 1% cash back at Walmart stores, up to $75 each year.*
  • Earn 2% interest rate on up to $1,000 balance in your savings account.
  • Get chances to win cash prizes each month!*
  • Get peace of mind with three coverage levels, up to $200, for purchase transactions with opt-in & eligible direct deposit.*
  • *Please see site for full terms and conditions.

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?

Applying for a Walmart MoneyCard® is a simple process! Check the following link to learn how to get yours today.

Walmart MoneyCard®

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.

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