How do Walmart credit card promotions work?

There are three kinds of Walmart credit card promotions right now, all of which apply to both the Walmart Store Card and the Walmart Mastercard. First, there’s a $25 statement credit for spending $25+ at Walmart the day you open your account. There are also two types of promotional financing. The first “deal” is deferred interest, where you pay zero interest on a purchase so long as you pay in full within the given time frame. But if you don’t completely pay off the balance by the end of the promotional period, you’ll be on the hook for all the interest you would have been charged had there been no 0% teaser rate. 

The other type of Walmart promotional financing is a true 0% introductory APR. If you don’t pay your purchase off by the end of this intro period, you just get charged the normal APR on any remaining balance. 

Walmart credit card financing promotions aren’t always available. No items are currently eligible for deferred interest financing, for example. And true 0% intro offers are only available at some stores, so you’ll need to ask a sales employee. Those aren’t the only important details you should know, either.

Here are the Walmart credit card promotions:

• If you spend $25 at Walmart the day you open your account, you’ll get a $25 statement credit in 1-2 billing cycles. 
• Deferred interest financing is available for 6, 12, 18 or 24 months, depending on how much you spend.
• You can get a true 0% intro APR for 12 months on purchases of $299+, or 6 months if you spend at least $150. 
• True 0% intro APRs are only available for items purchased in-store. When Walmart offers deferred interest on an item, you can get it either in-store or online.
• You won’t earn rewards on any charges that use special financing.

The two Walmart credit card promotions for financing may seem similar. But the deferred version is dangerous, so you should avoid that unless you’re absolutely sure you can pay it off. You’re better off getting your financing elsewhere, though. Citi Simplicity is a good card to consider.

I know that when you open a Walmart credit card and spend $25, you get the same amount back as statement credit. You also get 3% back as statement credit on your online Walmart shopping. There’s also special financing, in the form of either deferred interest, or 0% introductory APR. You should also know that you won’t earn rewards for purchases made with special financing.

The standard one is deferred payment, depending on how big your purchase is. If you don't like deferred interest (can't blame you), they've also got a 0% intro APR if you buy in-store.