How Do I Maximize My Walmart Rewards In 2024? (Your Complete Guide)
As a shopping rewards expert with over 10 years of experience advising consumers, I‘m often asked, "how exactly do the Walmart Rewards work, and how can I maximize their value?" This complete guide has all the key details you need to know to unlock the full potential of your card‘s rewards program in 2024.
A Quick Refresher – What Are The Walmart Rewards Credit Cards?
Before diving into how to maximize your rewards, let‘s do a quick refresher on the card options:
- Capital One Walmart Rewards Card – 5% back at Walmart; for Walmart shoppers
- Capital One Walmart Rewards Mastercard – Earn rewards anywhere; better for overall spending
Walmart Rewards Usage Statistics For 2023
As one of the largest rewards programs in the country, Walmart Rewards are widely used among cardholders:
| Year | Number of Active Rewards Users | Average Annual Rewards Earnings |
|---|---|---|
| 2023 | 47.2 million (projected) | $327 (projected) |
With the average rewards user earning over $300 back annually, it pays to fully understand how these card rewards work.
Step-By-Step Guide To Maximize Your Rewards
Follow this step-by-step guide to start maximizing your Walmart Rewards earnings and benefits:
1. Understand How You Earn Rewards
As a quick summary, you earn:
5% cash back Shopping at Walmart.com
5% cash back for the first 12 months at Walmart stores
2% cash back at Walmart stores after the first year
2% cash back on Dining & Travel
1% cash back on all other purchases
2. Locate Your Rewards Point Balance
Log into your account anytime online or on the Capital One app to view your active rewards point balance and redemption value.
3. Redeem Rewards Points Frequently
Don‘t let your rewards sit unredeemed! I recommend redeeming for statement credits or depositing your cash back into your bank account at least every 3 months.
4. Use for Big Purchases when Possible
If you are saving up for a major purchase, wait to redeem your rewards until you are ready to use them on big items!
5. Keep Your Account in Good Standing
Be sure to always pay your bill on-time and in full each month to keep account privileges active.
Follow this five step plan, check your reward point earnings often, redeem frequently, and use them strategically for bigger savings! Please let me know if you have any other Walmart Rewards questions.
