If you shop at Walmart with any frequency, the OnePay CashRewards Card is a great card to use because it earns 5% cash back at Walmart (if you have a Walmart+ membership). Even without a membership, you'll earn 3% cash back at Walmart, plus the card doesn't have an annual fee.
While it doesn't come with many additional benefits, its rewards system is very cut-and-dried and offers an easy way for Walmart customers to earn elevated cash back. Here's who this card might work for and where it can earn you value.
The OnePay CashRewards Card is a great option to pair with a Walmart+ membership, earning elevated rewards and having no annual fee.
- Up to 5% back at Walmart with a membership
- No annual fee
- No foreign transaction fees
- Only earns 1.5% cash back on purchases outside of Walmart
- Limited redemption options
Welcome bonus
New users of the OnePay CashRewards Card can earn $35 cash back after spending $75 within 30 days of opening the card.
Benefits and perks
The OnePay CashRewards Card will appeal most to those who frequently shop at Walmart, both in-store and online. Since the card doesn't charge an annual fee, it's not shocking that the benefits aren't exceptional. The card offers a few helpful tools like spending insights and a free credit score, but outside of that, most of the value comes when paired with a Walmart+ membership.
How to earn and redeem OnePay Rewards
Earning
All the rewards gained via the OnePay CashRewards Card are earned as OnePay Points, and you can earn these rewards in a few different ways:
- 5% back at Walmart with a linked Walmart+ membership
- 3% back at Walmart without a linked Walmart+ membership
- 1.5% back everywhere else Mastercard is accepted
You can earn an unlimited amount of cash back in any of these categories without having to worry about point caps. You can access a virtual card for instant use once approved. One note, the virtual card can be added to a few mobile wallets like Google Pay and Samsung Pay, but not Apple Pay; for that, you'll have to wait for the physical card.
Redeeming
The OnePay CashRewards Card offers limited redemption options and requires a minimum of 25 points to activate. Your OnePay Points can be redeemed in the OnePay app for a statement credit or cash back into your OnePay Cash account.
Rates and fees
The OnePay CashRewards Card doesn't carry an annual fee and has no foreign transaction fees. There is a late or returned payment fee of up to $41, and the card offers two different APRs, based on your creditworthiness and other factors.
Card comparison
OnePay CashRewards Card vs. Citi Double Cash® Card
What makes the Citi Double Cash® Card special is that it sits near the top of its class in several categories. It is an excellent option if you want flat-rate rewards, a balance transfer intro-APR or no annual fee.
- Balance transfers get a long intro APR
- Generous flat-rate cash-back rewards structure
- Earns transferable rewards
- No annual fee
- It has a foreign transaction fee
- Intro APR only applies to balance transfer
- Points transfer ratios are reduced compared to premium cards
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.49% - 28.74%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Balance transfer fee
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
Foreign transaction fee
3%
The Citi Double Cash® Card earns you a blanket 2% cash back on all your purchases, 1% when you buy and the other 1% when you pay. While the card doesn't earn elevated rewards in any category, you'll earn more no matter where you spend. The card comes with a welcome bonus of $200 cash back after spending $1,500 on purchases within the first six months. While a higher target compared to the OnePay CashRewards Card, you have essentially six times as long to hit your goal, and the welcome bonus is over 5X as valuable.
The Double Cash Card is a good option for those who are looking for a simple-to-use cash back card and want to earn rewards regardless of where they shop.
OnePay CashRewards Card vs. Prime Visa
The Prime Visa is only available to Amazon Prime members ($139 for an annual membership and $14.99 for a monthly membership) but is very rewarding for Amazon purchases.
- High rate of return at Amazon.com, Whole Foods Market and on Chase Travel purchases
- Offers an automatic gift card welcome bonus after card approval
- Option to earn rewards or take advantage of 0% promo APRs
- Includes a wealth of travel insurance protections
- Requires an Amazon Prime membership for approval
- If you choose the promo APR, you won't earn rewards on those purchases
- Rewards can't be pooled with other Chase credit cards
Rewards
- Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership
- Unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
- 10% back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership
- Unlimited 1% back on all other purchases
Balance transfer fee
Either $5 or 4% of the amount of each transfer, whichever is greater
The Prime Visa (see rates and fees) functions very similarly to the OnePay CashRewards Card, as you can earn up to 5% back on Amazon purchases as long as you have a Prime membership; otherwise, you earn 3% back. The Prime Visa does come with better benefits, like purchase protection and travel and emergency assistance, but the main value will be determined by which retailer you use more or which membership gives you the best benefits.
If you do more of your shopping online at Amazon, the Prime card will likely be a better fit, but for happy Walmart+ members, the OnePay CashRewards Card will likely earn you more value.
Is the OnePay CashRewards Card right for you?
The OnePay CashRewards Card is a great option for Walmart customers, especially those with a Walmart+ membership. You'll earn up to 5% back at Walmart with a Walmart+ membership, 3% back at Walmart without a Walmart+ membership. It also offers a strong 1.5% cash back on other purchases and has no annual fee.
For those who don't shop at Walmart or want more flexible rewards, there are other no-annual-fee credit cards that can better fit your needs.
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