BENTONVILLE, Ark.—Walmart and Capital One are teaming up to make shopping at the retail giant more "rewarding"—including a hefty 5% cash back.
The companies announced the launch of the Capital One Walmart Rewards Credit Card Program with two new cards offering up to 5% back on Walmart purchases, USA Today said.
The program's Mastercard will be accepted everywhere and the private-label Walmart Rewards Card is only for store purchases.
The 5% cashback in-store offer, which is an introductory offer for the first 12 months, only applies to store purchases using Walmart Pay, the retailer's exclusive mobile payment. After the introductory offer, the cards will offer 2% back on Walmart store purchases. Walmart.com purchases, including Walmart Grocery Pickup and Delivery, give 5% back, USA Today said.