Vault’s Viewpoint
- Capital One is discontinuing both Walmart credit cards and has stopped accepting new applications.
- All existing Walmart cardholders will transition to the Capital One Quicksilver card.
- Existing cardholders can keep using the Walmart card until a new Quicksilver card arrives in the mail.
What This Means for Walmart Credit Cardholders
Existing Walmart credit cardholders can continue using their credit cards for everyday purchases until their Quicksilver card arrives. Once the new card is issued, the Walmart credit card will no longer be valid. If you have a Walmart credit card, here’s what you need to know about the upcoming changes to your account:
You can keep using your Walmart credit card until your new card arrives. It will continue working and earning rewards. However, once you receive your new Quicksilver card, the Walmart card will be deactivated. Capital One is sending out new cards in stages, so keep an eye out for an envelope in the mail.
Your credit card number will change. When you activate your new Quicksilver card, be sure to update any automatic bill payments connected to your old account. The last thing you want is to accrue late penalties on bill payments after your Walmart credit card deactivates.
Your credit history will not be affected. Since your Walmart credit card is merely transitioning to a Quicksilver Mastercard, your account age won’t change. This is good news because length of credit history makes up about 15% of your FICO Score. Your credit won’t be negatively impacted like it would be if this credit card was closed and a new one opened in its place.
Your rewards will be transferred to your new account. Capital One has confirmed that Walmart credit cardholders will keep the full value of their rewards after switching to the Quicksilver card. This isn’t surprising since the Walmart credit cards earned cash back rewards. Those cash back rewards will simply transfer to your new Quicksilver credit card account.
How the Quicksilver Stacks Up to the Discontinued Capital One Walmart Card
Depending on which Walmart card you have, the Capital One Quicksilver could be considered an upgrade. If you’re a frequent Walmart shopper, the loss of the 2%-5% Walmart-focused cash back categories isn’t ideal, though you might be able to find other cards to make up for it.
| Credit Card | Rewards Rates |
| Capital One Quicksilver Cash Rewards Credit Card | —1.5% cash back on every purchase —5% cash back on hotels and rental cars booked through Capital One Travel |
| Capital One Walmart Rewards® Mastercard® | —5% cash back on Walmart.com orders (including pick up and delivery) —2% cash back in Walmart stores, Walmart and Murphy USA fuel stations, restaurants, gift card purchases at Walmart and on travel purchases —1% cash back on all other spending |
| Walmart Rewards™ Card | —5% cash back Walmart.com or the Walmart mobile app, including grocery pickup and delivery —2% cash back on purchases at Walmart stores, Walmart and Murphy USA gas stations and on gift card purchases at Walmart —1% cash on in-store purchases at Sam’s Club and Sam’s Club gas stations |
If you have the Capital One Walmart Rewards Mastercard and spend significantly at Walmart, you might not appreciate the Quicksilver card’s 1.5% cash back rate; the Quicksilver is ideal for those who prefer a more simplified reward structure.
The closed-loop Walmart Rewards Card, on the other hand, is only valid at Walmart and Sam’s Club stores and therefore limited in use. Any existing Walmart Rewards Card cardholders are definitely getting an upgrade with the Capital One Quicksilver Card, which is accepted everywhere Mastercard is accepted.
How we rate our cards Advertiser disclosure
Annual Fee
$0
Regular APR
19.99% – 29.99%
Intro Bonus
$200 cash bonus Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Credit Score
Credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your application for credit.
Good – Excellent
Alternative Cards To Consider for Walmart Purchases
There are several options if you’re a frequent Walmart shopper seeking an alternative card to pay for Walmart purchases.
The U.S. Bank Shopper Cash Rewards® Visa Signature® Card is a great alternative thanks to its lack of an annual fee and elevated rewards in similar categories as the Walmart credit cards. (In fact, it makes our list of the best cash back credit cards on the market.)
With the U.S. Bank Shopper Cash Rewards Visa, you’ll earn 6% cash back (on up to $1,500 in spending per quarter) on a retailer of your choice from a list that includes Walmart. You’ll also earn 3% back (on up to $1,500 in spending per quarter) on a second choice category that includes wholesale clubs, gas stations, bills and utilities. All other purchases earn 1.5% cash back.
If you like the idea of flat-rate rewards but a higher earning rate than the Quicksilver card, the Citi Double Cash® Card is an excellent alternative. It earns 1% cash back on all purchases when you buy and another 1% back when you pay it off. You effectively earn up to 2% cash back on all spending through responsible credit usage.
Frequently Asked Questions
Can I Still Use My Capital One Walmart Credit Card?
Yes, you can still use your Capital One Walmart credit card until your new card arrives. Capital One is sending out new Quicksilver credit cards to replace Walmart credit cards.
What Happens to My Capital One Walmart Rewards?
You can still redeem your Capital One Walmart rewards with a cutoff for rewards during checkout at Walmart.com stated in your Walmart change notice letter. After your card converts to the Quicksilver, you’ll retain the value of the rewards you already earned.
What Will Happen to My Capital One Walmart Card if I Already Have a Quicksilver Credit Card?
Your Capital One Walmart card will convert to a Quicksilver card even if you already have one. Capital One allows customers to have more than one Capital One credit card account.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
