As with most online activities, there are definite tradeoffs in online shopping between convenience, cost savings, choice, and privacy. Before we decide whether or not online shopping is for us, it is important to weigh the pros and cons of entering into the world of e-commerce.
Every retailer seems to offer their own credit card nowadays, each with its own special benefits. The way we are supposed to choose that card is really what makes difference. Unfortunately, many of these cards come with a high interest rate and low minimum payments that pretty much offset any discounts in the end.
Walmart is the biggest shopping destination in the United States and is the biggest retailer in the world being one that owns everything from the chain in the UK to Jet.com and to a dominant share of FlipKart which is India’s biggest shopping site.
The Walmart Credit card can be used allowing more flexibility. When it comes to rewards, Walmart Credit is the heavy hitter proving to be a great fit for some people. Instead of earning rewards, some purchases may qualify for special financing. For many, this means no interest if you pay off the full balance within six, 12, 18, or 24 months.
There are definitely pros and cons with the Walmart credit cards, but the same can be said of almost any card you can apply for these days. It is up to you to weigh these factors in order to make the best decision for your situation.
If you are also a business owner, you should check out our comparison of the best credit card processing services. It has everything you need to know about choosing the right merchant service for your company.
Pros and Cons of Walmart Credit Cards Services
Walmart offers two credit cards a Walmart MasterCard and a Walmart consumer credit card. With the Walmart MasterCard, we can use our credit card anywhere we see the MasterCard sign, and we will earn 1 percent cash back on our purchases.
Walmart credit cards have no annual fee. They include a $0 fraud liability in case of identity theft, and if you sign up for electronic statements online, you will receive a free monthly credit score from FICO. You will also be able to see the top two items affecting your score.
This is a great feature if you like to monitor your credit score carefully. The Walmart credit card includes a unique cash-advance feature that allows you to withdraw $60 cash per day (in $20 increments) when you make an in-store purchase.
While most credit card companies charge you a premium interest rate for making cash withdrawals, Walmart treats it as a store purchase, enabling you to avoid the additional credit card processing fees you find elsewhere. The cards’ special financing is also a huge plus.
If you need to make a large purchase but can’t pay it off now, getting a deferred-interest promotion could save you a lot in interest costs.One can also request additional cards for family members at no cost however he is responsible for paying for any purchases made on account by the authorized users.
Walmart doesn’t offer much of an incentive. A typical interest rate for its cards currently comes in at around 22.9 percent. If you are the kind of person who diligently pays off your credit card balance every month, this will not be too much of a concern.
Late payments incur a substantial fee. It’s up to $35. This can quickly get a person in trouble if they maxed out their credit limit. The worst that can happen is that they demand payment on a specific date and you’re charged a late fee because there were no way you could financially do so at the time.
Another con of being a Walmart MasterCard holder is how quickly ones accumulated cash back expires. If you haven’t reached $5 or cashed your incentive out after 13 months, you lose it.
Most credit card companies allow you to bank your savings until you feel the time is right to cash it in. If you’re the type of person who likes to see your incentive grow over the course of time, you need to know that it isn’t entirely easy to do with the other cards.
Walmart Credit/Community & Business
Customer Service: 877-294-7880
Fraud: 888-518-6278 (option 3)
Walmart Discover Card
Customer Service: 866-611-1148
Automated Service: 877-294-1086
Phone Payment: 800-957-0832
Customer Service: 877-937-4098
Walmart Visa Gift Card
Customer Service: 866-633-9096
Bluebird American Express Debit Card
Vanilla Visa Gift Card
Sam’s Club Credit Card
Sam’s Club Credit Card Help