Wal-Mart Stores, Inc. (NYSEARCA: WMT) offers two types of credit cards: the Walmart MasterCard and the Walmart credit card. While the Walmart MasterCard can be used at any retailer that accepts MasterCard, the Walmart credit card is only accepted at Walmart and Sam’s Club stores, including their associated gas stations and websites.
The Walmart MasterCard Credit Card Details
As of October 2015, the Walmart MasterCard has no annual fee. This card has an annual percentage rate (APR) of 22.9% for purchases and quick cash advances and 25.9% for cash advances. These APRs are subject to change. The minimum interest charge is $1.
If you have no previous late payments within a six-month period, you're charged a one-time late payment fee of $25. However, if you do have late payments within a six-month period, the late payment fee increases to $35.
Walmart MasterCard Credit Card Benefits
The Walmart MasterCard comes with $0 fraud liability protection against charges by unauthorized users and a free FICO score check when signing up for online statements.
When using the card at any Walmart gas station, you can receive a 5-cent discount per gallon. When using the card anywhere else, you'll receive 1% cash back for any purchase. When accrued to at least $5, the cash back is awarded as a statement credit.