Does walmart do cash back? (Most complete answer)

Cash back is a popular option for shoppers looking to save money on their purchases. It allows customers to receive a percentage of the purchase price back in cash. But does walmart do cash back?

Every customer wants to derive maximum benefits from buying from their favorite retail stores.

Therefore,Customers want to derive benefit from store discounts, incentives, cash back, promos, reduction in prices, and lots more.

Aside from offering an everyday low price on product sales, Walmart still lures in more customers with their cash back policy. 

Walmart’s cash back policy ensures that customers get the best value out of what they buy at Walmart, and they get to save more money.

This article will explain everything you need to know about Walmart’s cash back policy, including what cash back is, how to obtain cash back at Walmart, the maximum amount of cash back you can get, and more. Take your time reading so you can get the whole idea.

What Is Cash back?

Cash back is a form of financial reward that a customer can get when they make a purchase from a retailer. The customer receives a percentage of the purchase price back in the form of cash or store credit. This is a great way for customers to save money and earn rewards for their purchases.

The concept of cash back is a reward point a customer gets from purchasing a product. It is a percentage customers get of the full amount paid for a product at a store.

Similarly, Cash back is a kind of incentive or discount that is offered by retailers like Walmart to customers who buy from them. 

It is a situation whereby customers get a refund of a small percentage of the total money they spend on their purchases.

Walmart cash back may be in cash, received as a check, or refunded back to the account used in executing the transaction.

For example, if you are offered a 5% cashback on a particular item, service, or total purchase at a local store. Assuming the total cost of the purchase or service is $200, the cash back you will get is $10 depending how you wish to receive it or the mode of refund available.

Walmart, like some other big retailers, also offers this kind of incentive to customers aside from the low prices on items and reduced cost of services.

Does walmart do cash back?

Yes! Walmart offers Cash back percentages to its customers for every purchase made.

There are different ways for customers to take advantage of the cash back program, and earn cash back on all of their Walmart purchases.

Walmart customers get the chance to save more on purchases they make through cash back, and may decide to expend it on other purchases or save them for other purposes.

The percentage of cash back customers get is dependent on the methods used by customers to make purchases. 

Therefore, if you make a purchase at Walmart store, you get 1%  cash back fee, if you purchase at Walmart fuel station, you get 2% cash back fee, and if you purchase from Walmart online stores or Walmart app, you get 3% cash back fee.

How Can I Benefit From Walmart’s Cash Back Policy?

For You to benefit from Walmarts cash back policy, you will have to make a purchase from Walmart’s store.

You can make payment for purchases either by using a Walmart credit card, by using the Savings Catcher app, or by redeeming receipts.

In order to receive cash back using a Walmart credit card, customers simply need to use their card to make a purchase and then select the “cash back” option at checkout. 

There is no minimum purchase amount required, and customers can earn up to 3% cash back on their purchases.

The Savings Catcher app is another way to earn cash back at Walmart. Customers can submit their Walmart receipts through the  Walmart app, and Walmart will compare the prices of the items purchased to other local retailers. If a lower price is found, the customer will receive a Walmart eGift Card for the difference.

Finally, customers can also redeem receipts from Walmart purchases for cash back. 

Receipts must be submitted within 7 days of the purchase date, and customers can earn up to $100 cashback per receipt.

What percentage of Cash Back Do I Get From Walmart?

The amount of cash back you receive from Walmart depends on the type of payment method you use. If you use a Walmart Credit Card or Walmart MasterCard, you can receive up to 5% cash back on eligible purchases. With other payment methods, you may receive up to 1% cash back.

Hence, cash back value varies depending on the card you are using and the transaction you are making.

Cash Back on Walmart MoneyCard

The cash back enjoyed on the Walmart MoneyCard are:

1. 3 percent (3%) cash back of your purchase price on purchases made on Walmart’s official site or the Walmart App using the Walmart MoneyCard or the Card number.

2. 2 percent (2%)  cash back when you get gas at either a Walmart-branded gas station or any Murphy USA-operated gas stations using your Walmart MoneyCard.

3. 1 percent (1%) cash back when you use the Walmart MoneyCard to make purchases at a Walmart store or Sam’s Club.

4. 1 percent (1%) cash back on Grocery delivery and pickup purchases made on the Walmart app or the Walmart official website.

See the fee attached to using Walmart Money Card.

Cash Back on Walmart Credit Card

1. 5 percent (5%) cash back on all purchases made on the Walmart official portal or the Walmart App using the Walmart Credit card. It also applies to the pickup and delivery done on the two platforms as well.

2. 2 percent (2%) cash back on all purchases made in Walmart stores, Walmart gas stations, at restaurants, and on travel.

3. 1 percent (1%) cash back on transactions everywhere else MasterCard is accepted.

4. Also, 5 percent (5%) cash back in stores with Walmart Pay 

5. Introductory offer. You earn the cash back when you use the Capital One Walmart Rewards Card in Walmart stores for the first 12 months.

Note: You can only access your cash back after you have used your account for at least 12 months and have a positive balance.

How Do I Initiate The Cash Back Process?

In order to initiate the cash back process, you will need to contact the retailer from which you purchased the item or service and provide them with your name, address, and proof of purchase.

Depending on the retailer’s policy, you may need to fill out a form or provide additional information.

Once the retailer has reviewed your request, they will process your cash back request and provide you with a confirmation.

Before you can start receiving cash back from Walmart, you have to own a Walmart MoneyCard or the Walmart Credit Card.

Also, you can start the process online if you wish.

You must know that you can only benefit from Walmart’s cash back programme if you have used your account with Walmart for over a year.

How Do I Get the Walmart MoneyCard?

You can get the Walmart Moneycard by visiting the store or online. The store application is faster than the online request.

The purpose of visiting the Walmart store is to apply for Walmart MoneyCard. If your approval is granted, you will pay a set-up fee of $3 and can start using it after receiving it that day.

However, you can request for the MoneyCard online at Walmart site. 

When you receive the MoneyCard in your mail, you have to visit your local store so that a cashier can load your funds onto it (you will not be required to pay the $3 set-up fee in this case.)

Moreover, the Walmart MoneyCard comes with a MasterCard or Visa branding which makes its function even more.

How Do I Get The Walmart Credit Card?

If you wish to get a Walmart Credit Card, you do not have to visit the store. 

Also, there are two types of Walmart credit card; the Capital One Walmart Rewards MasterCard and the Walmart Reward Card.

All you have to do is to apply for it online. You will first be considered for the Capital One Walmart Rewards MasterCard but if Walmart does not approve you for the card, you will automatically be considered for the Walmart Rewards Card.

Note: The Walmart Reward Card is only limited to transactions carried out at Walmart and sister companies while Capital One Walmart Rewards MasterCard can be used for all transactions where MasterCard cards are approved.

What Is the Cash Back Limit at Walmart?

Generally, the limit of cash back you can receive at Walmart varies by item. In-store, the limit is typically between $25-$50 per purchase. Online, the limit is typically between 1%-3% of the purchase price.

Although not started as a limit. Walmart mentioned that you can get up to $75 cash back every year. 

The cash back on each transaction you make using your Walmart MoneyCard will add up, and you can have access to it after you have used your account for at least 12 months.

Also, the cash back you get from Walmart, is dependent on the method of payment used.

For instance, Walmart’s cash back limit is $120 with a discovery card, $20 for a personal check, and $100 with a debit card.

Note: You can redeem your reward using the Walmart site or the Walmart App. 

Also, Walmart does not charge a fee for cash back redrawals, which makes it more cheaper for redrawing cash.

Can I Get Cash Back Using a Debit Card at Walmart?

Currently, No, you can not get a cash back at Walmart using your debit card. 

If you wish to get a cash back, you have to obtain either the Walmart MoneyCard or the Walmart Credit card.

Conclusion

Cash back is an incentive used by retailers like Walmart to get customers to save more and also shop more.

Presently, the only way you can get cash back at Walmart is to use either the Walmart MoneyCard or the Walmart Credit cards. 

You will get cash back on all transactions you make at Walmart or the sister companies using the cards stated above. The Capital One Walmart Rewards Card also allows users to earn cash back on transactions made outside Walmart.

The limit placed on the cash back may be inferred as $75 dollars on Walmart MoneyCard. The cash back will accumulate and you can access it until after at least 12 months of use and with a positive balance.