Maximize Your Back-to-School Savings with Credit Cards
Introduction to Back-to-School Shopping Savings
Back-to-school shopping can heavily impact your monthly budget. However, utilizing a rewards credit card for your purchases can help mitigate a significant portion of your expenses. Since these purchases are generally unavoidable, it makes sense to earn cash back, points, or miles that can benefit you in future transactions.
For those who frequently shop at Walmart, we've curated a comprehensive list of the best credit cards to use during the back-to-school shopping season. This guide highlights several options that suit various shopping habits and preferences, ensuring that there's something ideal for everyone.
Top Credit Cards for Shopping at Walmart
When considering which credit card is best for back-to-school shopping at Walmart, it is essential to compare the unique rewards and benefits each card offers. Below, we outline some of the top choices available today.
Capital One Venture Rewards Credit Card
Annual Fee: $95
Welcome Offer: Earn 75,000 miles after spending $4,000 on purchases within the first three months, plus a one-time $250 Capital One Travel credit in your first year.
APR: 19.99%-29.99% variable
Rewards: 5x miles on hotels and vacation rentals booked through Capital One Travel and unlimited 2x miles on every purchase.
Benefits: Option to receive up to $100 credit for Global Entry or TSA PreCheck, with miles transferable to over 15 travel loyalty programs.
Blue Cash Everyday Card from American Express
Annual Fee: $0
Welcome Offer: Earn a $200 statement credit after spending $2,000 in purchases within the first 6 months.
Intro APR: 0% intro APR on purchases for 15 months (then 19.24%-29.99% variable APR).
Rewards: 3% cash back at U.S. supermarkets, 3% cash back on U.S. online retail purchases, and 1% on other purchases.
Benefits: Statement credits for eligible subscriptions like Disney streaming and Home Chef memberships.
Wells Fargo Active Cash Credit Card
Annual Fee: $0
Welcome Offer: Earn $200 cash rewards bonus with a $500 spend within the first three months.
Intro APR: 0% intro for 15 months on purchases and balance transfers (then 20.24%, 25.24%, or 29.99% APR).
Rewards: Unlimited 2% cash rewards on purchases.
Benefits: Includes cell phone protection for claims up to $600 per eligible occurrence.
Chase Freedom Flex Credit Card
Annual Fee: $0
Welcome Offer: Earn a $200 bonus after spending $500 on purchases in the first three months.
Intro APR: 0% intro on purchases and balance transfers for 15 months (then 20.49%-29.24% variable APR).
Rewards: 5% cash back on rotating categories, 3% on dining, and 1% on all other purchases.
Benefits: Includes various protections and insurances, such as purchase protection and extended warranty.
Strategies for Maximizing Your Back-to-School Shopping
1. Plan Your Purchases
Having a structured plan will help you avoid overspending. Make a prioritized list of items your family needs, placing essentials at the top to ensure they don't get overlooked.
2. Use a Rewards Credit Card
Using a rewards credit card for your planned purchases allows you to accumulate cash back or points, which can significantly benefit your future shopping.
3. Look for Coupons and Discounts
While Walmart has no internal coupon program, manufacturer coupons and offers can be used both in-store and online. Pay attention to 'Rollback' and 'Reduced Price' tags for general savings.
4. Utilize Walmart+
Walmart+ offers free shipping on eligible orders, which can greatly facilitate your shopping, especially for large purchases where discounts can lead to significant savings.
5. Explore Used or Refurbished Items
Buying refurbished items through Walmart’s Restored program can yield significant savings without sacrificing quality.
6. Track Prices
Keeping tabs on the prices of items you've bought can be beneficial; if products drop in price, you may be able to return and repurchase them for savings.
Choosing the Right Credit Card for Walmart Purchases
- Eligibility Requirements: Look for cards that require good to excellent credit ratings.
- Annual Fees: Consider whether the benefits outweigh the costs of annual fees when selecting a rewards card.
- Rewards Structure: Analyze how the card's rewards structure aligns with your spending habits.
- Introductory Offers: A card with a 0% APR introductory offer can be advantageous for large purchases.
- Benefits: Seek cards that offer perks beneficial for frequent shoppers, such as discounts or extra rewards.
Frequently Asked Questions
How can I earn cash back at Walmart?
You can earn cash back at Walmart by using credit cards that offer rewards on purchases, such as the Blue Cash Everyday Card from American Express and others mentioned previously.
Are there credit cards that provide free Walmart+ memberships?
Some cards, such as The Platinum Card® from American Express and the American Express® Business Gold Card, offer statement credits toward Walmart+ memberships.
Which credit card company does Walmart partner with?
Walmart previously partnered with Capital One for their credit card offerings, which has now ended.
Can I get cashback rewards on in-store purchases?
Yes, several credit cards allow you to earn cash back on in-store purchases, depending on the card's rewards program.
What to consider when choosing a credit card for Walmart purchases?
Factors like fees, rewards, eligibility requirements, and additional perks should all be considered when selecting the most suitable credit card for your Walmart shopping.
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