Walmart Launches OnePay CashRewards Card With Unlimited 5% Back for Walmart+ Members

Walmart has just launched a new credit card, the OnePay CashRewards Card, which has a $0 annual fee and earns unlimited 5% cash-back at Walmart for Walmart+ members.

The OnePay CashRewards Card is issued by Synchrony Bank and will earn 3% cash-back at Walmart if you are not a Walmart+ member, plus 1.5% cash-back on all other purchases.

While this card doesn’t have a very enticing welcome offer, it could be a good fit for those who spend a lot at Walmart and prefer cash-back over other rewards.

Let’s take a look at the details.

OnePay CashRewards Card Welcome Bonus Offer

The OnePay CashRewards Card has no annual fee, and it has a modest welcome bonus of $35 cash-back when you spend $75 in the first 30 days of account opening.

The welcome bonus is only available to new accounts, and the $75 total can be spent in 1 or more purchases.

The cash-back will be rewarded as points, which can then be redeemed as a statement credit or deposited as cash into a OnePay Cash Account.

While $35 may not be groundbreaking, it’s better than nothing on a no-annual-fee card.

OnePay CashRewards Card Earning Rates and Benefits

The OnePay CashRewards Card could be a great option for Walmart shoppers looking for some solid cash-back, especially for those who are Walmart+ members.

Here is how cardholders earn:

• Unlimited 5% cash-back at Walmart for Walmart+ members
• 3% cash-back at Walmart for non-members
• 1.5% back on all other purchases
• $0 annual fee

Cash-back is earned in the form of points, which can be redeemed as a statement credit or deposited as cash into a OnePay Cash Account.

Obviously, the unlimited 5% cash-back is the key feature of this card, but you will need Walmart+ to unlock that. Walmart+ includes:

• Free shipping at Walmart
• Paramount+ Subscription
• 10 cents off per gallon at Walmart, Exxon, Murphy, Mobil, and Sam’s Club gas stations
• Free Burger King Whopper and more

Normally, Walmart+ costs $12.95 per month, but if you have The Platinum Card^® from American Express in your wallet and use it to pay for your membership, you can get it at no cost!

Final Thoughts

Walmart has launched a new card with no annual fee that earns up to 5% unlimited cash-back.

The OnePay CashRewards Card could be a solid option if you spend a lot of money at Walmart and have a Walmart+ membership, unlocking the full earning potential. If you already have an Amex Platinum card in your wallet, you can even get Walmart+ for free.

After ending its previous relationship with Capital One, Walmart teased that it would use its own fintech brand to launch a rewards credit card, and now it’s available to the public.