How Can You Cancel Your Walmart Credit Card?

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How Can You Cancel Your Walmart Credit Card?

Walmart has two credit cards available: the Capital One Walmart Rewards Card, which can be used everywhere, and the Walmart Rewards Card, which can only be used at Walmart. Capital One manages both accounts. To cancel either of these credit cards, submit a letter to the address shown on your most recent payment statement or call the company’s customer care hotline (you can find it on the back of your card, on your monthly statement, or online).

Key Takeaways

  • The Capital One Walmart Rewards Card and the Walmart Rewards Card are both available through Walmart.
  • Calling Capital One customer support is the quickest method to deactivate your Walmart card.

How to Cancel Your Walmart Credit Card

Call the customer care number on your bill if you need to cancel your account straight immediately. You may cancel your card with the assistance of a customer care professional.

Otherwise, you may cancel your Walmart credit card by writing to Capital One at the address shown on your statement. You may wish to send the letter certified mail to ensure delivery. Include your name, billing address, and account number in the letter, as well as a request to end the account. You are not required to explain why you are shutting the account, but if the letter is a response to a phone conversation, include the date and time of the contact, as well as the name of the agent with whom you talked.

What Happens When You Close Your Walmart Card?

Even if you cancel the card, you are still responsible for the whole outstanding credit card debt in most cases. To avoid further charges from other authorized users of your Walmart credit card, gather all issued cards and destroy them. If any authorized users do not reside nearby, advise them immediately of your intention to cancel your Walmart card.

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The variable annual percentage rate (APR) on your card will apply to any leftover amounts until the account is settled in full.

If you have collected points on a Capital One or Walmart Rewards Card, you may lose them if you cancel the card. Users of the Capital One Walmart Rewards Card get 5% cash back on purchases made at Walmart.com, 2% cash back on purchases made at restaurants, travel, and Walmart physical sites and petrol stations, and 1% cash back on purchases made everywhere Mastercard is accepted. The Walmart Benefits Card earns the same rewards on all Walmart transactions, with 5% back on in-store purchases for the first year.

How Closing Your Walmart Card Affects Your Credit Score

Capital One sends information about your credit card activities to the three main credit agencies (Equifax, Experian, and TransUnion).Depending on how long you’ve had the card, closing it may have a negative influence on your credit history. If your Walmart credit card is your oldest, consider paying off the whole debt while leaving your account active; otherwise, the average age of all your accounts will decrease, thus lowering your credit score.

Walmart accepts credit card payments online, over the phone, by mail, and in-store (at both Walmart and Sam’s Club, if you’re a Sam’s Club member).

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