What is the APR for a Walmart credit card?

17.99% to 26.99%
Walmart credit card fees Both Walmart cards have no annual fee, but the interest rates and other fees differ. The Capital One Walmart Rewards® Card has a 17.99% to 26.99% variable APR, while the Walmart Rewards™ Card has a 26.99% variable APR.

Is there a minimum finance charge on Walmart credit card?

We charge a minimum of $1.00 of interest in any billing cycle in which you owe interest. This charge is added proportionately to each balance type.

Can you finance with Walmart credit card?

That’s why we’ve decided to simplify our special financing offer on the Walmart Credit Card and the Walmart Mastercard Credit Card. With the new offer, you can now take advantage of no-interest financing for purchases, meaning that absolutely no interest accrues during the six- or 12-month promotional period.

How is credit card late fee calculated?

Financing Charges To calculate your interest charge on a late monthly payment, divide your annual percentage rate — APR for short — by 12, and multiply it by your outstanding balance. For example, say that you made a late payment, your outstanding credit card balance is $1,000 and your APR is 12 percent.

What is the limit on a Walmart Money Card?

$3,000
The maximum daily cash reload limit is $3,000, but maximum in-store reload limits also apply, and you may not load cash to your Card at any time the funds balance on your Card exceeds $3,000.

Does Walmart automatically increase credit limit?

We’ve seen reports that Walmart usually approves most requests for a credit limit increase after about 6 months of regular/successful payments; some have seen approvals earlier.

What is the grace period on a Walmart credit card?

25 days
The Walmart Credit Card grace period is 25 days. The same applies to the Walmart® Store Card. In other words, you will have a 25-day period between when your bill is made available each month and when interest begins to be assessed.

What credit score is needed for a Walmart credit card?

600 or higher
What credit score is needed for a Walmart credit card? The Capital One® Walmart Rewards® Card specifies that it is looking for applicants with Excellent/Good credit. That generally specifies a credit score of 600 or higher.

What credit score is needed for Walmart credit card?

Is Walmart Credit Card hard to get?

It is not very hard to get a Walmart Credit Card. There are two Walmart credit cards: the Walmart® Store Card that can only be used at Walmart, and the Walmart Credit Card which can be used anywhere Mastercard is accepted. Both cards accept applicants with fair credit, so a score of 640 or higher.

How are finance charges calculated for credit cards?

Daily balance approach that means the lender will sum your finance charge for each day of the billing cycle. To do this calculation yourself, you need to know your exact credit card balance everyday of the billing cycle by considering the balance of each day.

How do I calculate my credit card balance?

The daily balance method sums your finance charge for each day of the month. To do this calculation yourself, you need to know your exact credit card balance every day of the billing cycle. Then, multiply each day’s balance by the daily rate (APR/365).

How is the finance charge calculated on a billing cycle?

Calculating Shorter Billing Cycles. The finance charge is calculated based on the balance at end or beginning of the billing cycle. The adjusted balance method is slightly more complicated; it takes the balance at the beginning of the billing cycle and subtracts payments you made during the cycle.

How to calculate the periodic charge on a credit card?

First, calculate the periodic rate by dividing the APR by the number of billing cycles in the year, which is 12 in our example. Remember to convert percentages to a decimal. The periodic rate is: The monthly finance charge is: