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Top Credit Card and Personal Finance News and Reviews

Amazon Shop With Points Coming To Capital One

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Capital One Expanding Rewards To Include Amazon Shopping

Capital One and Amazon have announced that customers will soon be able to use their credit card rewards directly with Amazon. Capital One will be joining Chase, Discover, and Citi – all of which already have programs in place with Amazon.

The new rewards system will allow customers to apply their rewards when completing check out for Amazon purchases. Amazon is by far the largest online retailer in the United States. This new rewards program will certainly be met with approval from Capital One customers.

Capital One Shop With Amazon
Capital One Shop With Amazon

Eligible Capital One Reward Cards

The following cards will all be eligible for the Amazon Shop With Points Program:

  • Capital One Venture Rewards Credit Card
  • Capital One VentureOne Rewards Credit Card
  • Capital One Savor Cash Rewards Credit Card
  • Capital One SavorOne Cash Rewards Credit Card
  • Capital One Spark Cash for Business
  • Capital One Spark Cash Select for Business
  • Capital One Spark Classic for Business
  • Capital One Spark Miles for Business
  • Capital One Spark Miles Select for Business
  • Capital One Quicksilver Cash Rewards Credit Card
  • Capital One QuicksilverOne Cash Rewards Credit Card
  • Journey Student Rewards from Capital One

How Shop With Points Works

Capital One will allow you to redeem your points with Amazon. You can use your points to cover the cost of an entire purchase or a portion of a purchase. Redemption values for cash back rewards will be 1:1. For miles, customers will redeem 125 miles for each dollar spent with Amazon.

Your points will automatically be deducted from your rewards account after your purchase has been made. Amazon also enables customers to have points automatically applied to all purchases. This feature will instantly apply available rewards to all of your Amazon shopping.

Value of Rewards When Shopping With Amazon

As mentioned above, the reward rate for purchases is very straightforward. You will receive $1 with Amazon for each dollar in cash back rewards. 125 miles will be worth $1 with Amazon – a rate of 0.8 cents per mile.

For cash back rewards, you will be missing out of the opportunity to earn additional rewards with your purchase. Purchases made with points will not be eligible for any cash back you receive with your card.

For travel credit cards, you will be receiving a slightly lower redemption rate than is available for travel booked with your miles. Typically you will receive about 1 cent for each mile redeemed for travel. Travel card customers may want to save their points for a better redemption rate.

Helpful Links:

www.Amazon.com/shopwithpoints

Chase Start Now – Get up to $600 When Opening a Checking or Savings Account

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www.chase.com/startnow

Chase Start Now Offer

Ready to get a mind-bending $600 cash bonus from Chase bank?

Head on over to www.chase.com/startnow and follow the on-screen instructions to get started.

You will need to provide the 16 digit coupon code from the Chase mailing in order to begin.

Popular: 1928 buffalo nickel values

Get $300 with a new checking account and another $200 with new savings account with qualifying activities (pus you will get an extra $100 bonus when you do both!) WOOT WOOT!

Chase Banking Customer Service

  • Chase banking phone number: 1-800-935-9935
  • Online: www.chase.com/digital/resources/customer-service
  • Outside the U.S.: 1-713-262-3300
  • Domestic Chase Military Services: 1-877-469-0110
  • If you are a member of the United States military stationed overseas please dial 1-318-340-3308

Chase.com/StartNow Highlights

  • A win-win offer
  • Chase banking offers more than 16,000 local and national Chase ATM’s and nearly 5,000 branches
  • You can deposit cash at most Chase Bank ATM’s
  • Accounts need to be opened by 1/11/2020 in order to qualify for the cash bonus

Other Checking Bonus Options?

Check out “Best Checking Account Bonuses” for a list of bonuses to Stash Your Cash.

Banks include Capital One, PNC, and Discover Bank just to name a few.

Requirements?

In order to receive the cash bonus associated with the Chase Start Now offer you must meet the following criteria…

  • To get $300: Open a Chase Total Checking Account and set up direct deposit
  • To get $200: Open a new Chase Savings account, deposit a balance of $15,000 or more in new money within 20 business days, and maintain a $15,000 balance for 90 days
  • To get $600: Open a new Chase Total Checking and a Chase Savings account and get $600 when you open both at the same time with qualifying activities

Bottom Line

This is a pretty painless way to go about earning $600.

If you’re in need of a checking account (and even if you aren’t) we recommend the Chase Start Now $600 Checking Account offer.

Need a credit card?

Check out Best Credit Cards by CreditLiftoff.com.

Upgrade Personal Loans: Review and Features

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Choosing a Personal Loan

Personal loans have exploded in popularity. As such, there are hundreds of options available for consumers looking for this type of loan. Many banks and credit unions offer personal loans. There are also many online platforms, such as Upgrade, where you can receive you loan online.

Upgrade provides personal loans for people with fair or better credit. Customers can check their approval rate online without completing a full application. There will be no impact to your credit score when you check your loan terms.

Let’s take a look at some of the features offered from Upgrade for their personal loans.

Loan Features – Upgrade Personal Loans

  • Loan amounts range from $1,000 to $50,000
  • Repayment terms can be selected from 36 to 60 months
  • Disbursement issued within one day of approval
  • Credit approval starting around approximately a 600 credit score
  • Interest rates range from approximately 6.98-35.89%
  • Origination fees range from 1.5-6%
  • No prepayment fees

The primary appeal for Upgrade is that they offer loans to individuals who may not have been approved elsewhere. A higher debt to income ratio is allowed than some other competitors.

If you have been denied approval with other lenders it is possible you will still qualify for a competitive rate with Upgrade. The best strategy is to shop around and get preapprovals from several lenders to determine what your best loan offer is.

Save With Upgrade Mail Offer

Upgrade provides select consumers with mail offers for personal loans. If you have received an offer you will be directed to apply online (www.savewithupgrade.com). Here you will find the following form:

Save With Upgrade Offer

Potential customers will be required to provide several pieces of information to get started with their offer. First, you will need to provide your 15 digit code included with the mail offer you received. You will also need to select a loan amount you are interested in receiving and the purpose of the loan.

Customers will be asked to provide some basic personal information to view their rate. As mentioned above, there is no impact to your credit score and you can check your loan rate for free.

Other Popular Loan Reviews:

Helpful Links and Upgrade Contact:

275 Battery Street, 23rd Floor
San Francisco, CA 94111, USA

Email: contact@upgrade.com

Mail Offer: www.SaveWithUpgrade.com

Payoff Forward Review – Apply for a Payoff Loan Online?

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payoff.com/forward

Payoff.com Reviews

If you received a promotional letter from Payoff in the mail in regards to credit card debt DO NOT THROW IT AWAY before you read this review! 🙂

Those who have the offer and already know they want to apply should visit www.payoff.com/forward and follow the on-screen instructions.

Applicants will have to provide the invite code from the Payoff Promotional Mailing.

If you are on the fence in regards to the loan please keep reading.

Please note in order to apply you must be 18 years of age or older and a legal resident of the United States.

Payoff.com Forward Offer Highlights

  • The loan amount will range from $5,000 to $35,000
  • Applicants are allowed to choose a payback time frame ranging from 24 months to 60 months
  • The application is super easy and painless
  • Fixed rates are available from 5.65% and 22.59%

What online finance blogs are saying?

  • NerdWallet: Rating 4.5 out of 5 – ‎Review by Amrita Jayakumar
  • CreditKarma: 4.5 out of 5 stars based on 27 user reviews
  • BankRate.com: 3.6 out of 5 stars

Overall Payoff receives good to great reviews from the big boys in the financial blog industry.

User Reviews

“The Payoff Forward offer completely changed my life! I managed to pay down over $10,000 worth of credit card debt and saved a boat ton of money in the process!” – Sally K from Nashville, TN

“3 simple steps and my application was complete and I was on my way to saving hundreds of dollars on credit card debt.” – Jeff S. Chicago, IL

“Not only did I get out of credit card debt but my credit score went up! Man this is one good offer for those who have massive credit card debt” – Doug’s Tank Top St. Louis, MO

Shop around for other loan options?

  • UpStart.com Loan: Loans range from $1,000 up to $50,000 & Interest rates from 5.67% to 35.99%
  • Best Egg Life: Apply for a personal loan and get your money in as little as one business day
  • SaveWithProsper: Prosper offers personal loans which can be tailored to meet customers needs

Payoff.com Customer Service

Please note the Payoff Loan customer service team is available from Monday through Friday: 7 am to 6 pm (PST) Saturday: 8 am to 5 pm (PST) (they are closed on Sunday).

Discover Pre-Approval – Credit Cards

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Getting Pre-Approved With Discover

Life today is wired for simplicity. Getting a credit card is no different. What used to require a visit to the bank can now be completed entirely online. Discover offers customers the opportunity to review credit cards for which they meet approval criteria before completing a full application.

Discover offers a number of credit card options within their “it” family of credit cards. Here will will review the Discover Pre-Approval process as well as several of their most popular cards.

Discover IT Preapprove
Discover IT Family of Credit Cards

Why Get Pre-Approved?

Ensuring you are likely to be approved for a line of credit is a very smart financial decision. Completing a credit application which results in a declined decision will negatively impact your credit score. Your credit report will reflect the credit inquiry which can negatively impact your history.

A pre-approval with Discover does not impact your credit. The process is not reflected on your credit report. Unlike a full credit application, pre-approval decisions are based on “soft credit pulls”. These are not full inquiries and are not reflected on your credit report.

Discover will review your credit history and financials to determine if you are eligible for any of their credit cards. Cards offered range from options for individuals with poor credit, average credit, or great credit.

After completing the process you can review your card options before you apply for the card. If you are happy with the option you are approved for you can complete the full application at that time.

How To Complete Your Pre-Approval Review

As mentioned above, the entire process can be completed online. Customers will be asked to provide a variety of information to get a thorough pre-approval review. The following information will be requested:

  • Contact information (name, address, etc.)
  • School enrollment status
  • Financial details (gross income, rent/mortgage expense, etc.)
  • Your full social security number
  • The type of rewards you are interested in earning with your new card

As you can see, this is a very thorough review. Consumers will need to provide much of the information that is requested in a full application review. This will ensure that your approval is extremely likely for any card you are offered.

Even though you are asked to provide your full social security number, no hard credit review will be performed. Your review will have no impact on your credit score or credit history.

Popular Discover Credit Cards

The Discover it Cash Back

  • Earn 5% cash back on rotating categories (quarterly)
  • Earn 1% cash back on all other purchases
  • First year back back is matched 100%
  • Redeem cash back directly to your statement balance
  • No annual fee

The Discover it Miles Card

  • Earn 1.5 Miles with every dollar spent
  • First year 100% match for all miles earned
  • No blackout dates when redeeming your miles
  • Miles can be redeemed for cash or statement credit
  • No annual fee

The Discover it Student Cash Back Card

  • $20 good grade reward for maintaining a 3.0 GPA
  • Earn 5% cash back on rotating categories (quarterly)
  • Earn 1% cash back on all other purchases
  • All cash back earned your first year is matched
  • No annual fee

The Discover it Secured Card

  • Designed for consumers with poor credit
  • Security deposit is fully refundable
  • Earn 2% cash back with gas and dining ($1,000 in purchases each quarter)
  • Build credit and upgrade to an unsecured credit card overtime
  • No annual fee

Which Discover it Card Is Best For You?

Have you been pre-approved for a Discover it Card? The above cards are their most popular options. My personal choice is the Discover Miles Card. Customers will earn 1.5 miles for each dollar spent. This is the best overall return rate of the Discover Cards for customers who do not like to keep track of confusing rotating categories.

For students, the it Student Cash back is a fantastic option to begin building your credit while in school. Managing your credit at this time of your life can be hugely beneficial for the long run. The Student it Card is one of the best student credit cards and rewards students with cash for good grades.

A final popular option is the Discover it Secured. This card will require a security deposit (just like all secured cards). This is one of the best secured cards on the market. It offers cash back for dining and gas purchases which is nearly unheard of for secured credit cards. Customers have the option to build their credit and upgrade to an unsecured card.

Do you have a Discover Credit Card? Did you use their online pre-approval process? Let us know about your experience with Discover in the comments below!

Helpful Links:

www.Discover.com/preapprove

Regions Pre-Selected Visa Credit Card Application Review

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regions.com/preselected

Regions Prestige Visa Signature Credit Card Application

The Regions Prestige Visa Signature Credit Card is available to consumers with good to great credit and are 18 years of age or older.

You must also be a legal resident of the United States in order to secure the card.

Please visit www.regions.com/preselected to apply for the Prestige Visa Signature Credit Card online.

You are not required to have an activate Regions checking or savings account in order to apply for the card.

Regions Prestige Visa Signature Card Review

  • WalletHub: 4.4 out of 5 based on ‎1,313 reviews
  • CreditCards.com: 2.4 out of 5
  • CreditCardKarma.com: 6.8/10 based on only ‎4 reviews (please note the small sample size)
  • NerdWallet: Review was not available

Need a checking account?

Check out our Best Checking Account Bonuses write up now!

Regions.com/PreSelected Customer Service

  • Visa Check Card Customer Service: 1-800-295-8472
  • Regions Credit Card Customer Service: 1-800-253-2265
  • Lost or Stolen Regions Check Card: 1-800-295-8472

Regions Home Loans

Mortgage & Lending Regions Mortgage Customer Service: 1-800-986-2462

Regions Mortgage Origination Center: 1-877-536-3286

Revolving Credit / Home Equity Line: 1-800-231-7793

Location Near You?

You can also apply for the Prestige Visa Signature Credit Card in person at a Regions location.

To find a Regions location near you simply head on over to www.regions.com/personal-banking and click on the top of the screen under the tab “locations”.

Other Credit Card Options

Bottom Line

The Regions Prestige Visa Signature Credit Card is average at best.

Even though it comes with no annual fee the reward program is lackluster.

We would avoid this card unless you are a Regions SUPER FANBOY.

Please note you can also apply for the card over the phone by dialing 1-800-734-4667 Monday to Friday 6 a.m. to 7 p.m. CST Sat 8 a.m. to 2 p.m. CST.

Deserve Credit Cards Review and Features

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Building Credit and Earning Rewards With Deserve

Deserve is a credit card start-up which focuses on providing credit for consumers who may not be qualified for other options. Their primary focus is students and young professionals.

It was announced today that Deserve has raised $50 million dollars in their latest round of funding. These impressive numbers are largely driven by investors who see their unique approach to credit cards as an a winner.

Deserve began with a focus on providing credit for consumers who did not have a social security number. This market was primarily focused on international students. Today, they have expanded their applicant base to include consumers who may have very little credit history.

Three credit cards are offered. The Deserve Pro, The Deserve Classic, and The Deserve EDU. Let’s take a look at these three credit cards and the features they provide.

The Deserve PRO Credit Card

  • Cell phone protection and extended warranty
  • 3% back on travel, 2% back on dining, 1% back on all other purchases
  • Interest rates (APR) begins at 17.74%
  • One year complimentary Priority Pass Membership
  • MasterCard Platinum Member benefits
  • No Annual Fee

The Deserve PRO card is available for new professionals (employed) who may not have extensive credit history. This card provides great rewards in the form of cash back for purchases. The credit limit for the card is up to $10,000.

Deserve is designed so that cardholders can eventually become eligible for the Deserve PRO Card. If you have one of the other Deserve Cards you can inquire about upgrading to PRO. Given the reward benefits of this card, Deserve cardholders should attempt to upgrade their account as quickly as possible.

To qualify for the Priority Pass membership customers will need to complete $1,000 in spending on their new account within the first 90 days of opening your card.

The Deserve EDU Credit Card

  • Cell phone protection and extended warranty
  • 1% back on all other purchases
  • Interest rates (APR) begins at 20.49%
  • Free year of Amazon Prime Membership
  • MasterCard Platinum Member benefits
  • No Annual Fee

The Deserve EDU Card is specifically designed for students. A social security number is not required to be approved for this card. This makes it a great choice for international students who may not be eligible for other cards due to social security requirements.

Customers will be required to make a purchase on their new account to activate the Amazon Prime membership access. This is valued at $59.

The Deserve CLASSIC Credit Card

  • Cell phone protection and extended warranty
  • 3% back on travel, 2% back on dining, 1% back on all other purchases
  • Interest rates (APR) begins at 24.74%
  • MasterCard Platinum Member benefits
  • No Annual Fee

The Deserve CLASSIC is a “catch-all” card for customers who are new to credit. There are no rewards with this credit card but you will build credit as you use your card. Some cardholders may be eligible to upgrade to the PRO as they responsibly use their card.

What Makes Deserve Different Than Others?

Deserve is one of several popular start-ups which use unique underwriting to determine credit card approval. Traditional credit cards are issued after reviewing you credit history. Your eligibility will be based on your overall credit worthiness.

Companies like Deserve and Petal are changing this system. They use their own algorithms to determine whether or not you are eligible for their products. This allows them to provide credit to customers who may not be otherwise eligible.

Another popular feature about Deserve credit cards is that they do not require a security deposit. Many of the major companies offer cards for consumers with poor or not credit. These cards are often “secured”, meaning you need to deposit money upfront to receive a credit limit. Deserve does not require any security deposit for all three of their credit cards.

Reviews For Deserve

Deserve has a 4.5 of 5 star rating on the popular review platform, Trust Pilot.

Some of the most common reviews are from international students who are not able to apply for other cards due to the lack of a social security number.

Many reviewers also mention how they were able to get approved for the card despite being turned down for other products.

Bottom Line – Does Deserve Deserve a Spot In Your Wallet?

If you have limited credit history you may have found how difficult it is to get approved for a credit card. Deserve is a credit no fee option for customers looking to build their credit. Your payments are reported to TransUnion and Experian which will help you build your credit history.

Deserve appears to be a great option for consumers looking to build their credit with a no fee card.

Have you applied for the Deserve Card? Tell us about your experience in the comments below!

Upstart: Personal Loan and Debt Consolidation Review

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Personal Loans From Upstart

  • Loans range from $1,000 up to $50,000
  • Interest rates from 5.67% to 35.99%
  • Flexible loan terms ranging from 3-5 years
  • No penalty for paying off your loan early
  • Evaluates factors to facilitate lower interest rates

Upstart is a very well received personal loan provider. Trust Pilot users have them with a 5 star, “excellent” rating based on consumer responses. The most common theme among reviews is the ease and speed with which their application was completed.

One aspect that makes Upstart unique is that they consider additional criteria beyond the standard credit score and credit history analysis used by most finance lenders. Upstart will have applicants provide information such as your Education, Area of Study, and Work History to assess you loan application.

Potential customers can review their loan rate with no impact to their credit score. This will allow you to compare your offer from Upstart with competitors without completing the entire application process.

Upstart “My Offer” Mail Invitation

If you have received an invitation offer from Upstart you can review your rate online. To access your offer you will need to provide the unique offer code your received in the mail.

Upstart My Offer
Upstart Personal Loan Offer Code Form

After entering your offer code you will need to provide some additional information to review your specific rate. No hard credit pull is required to access your offer. Checking your personal loan offers from Upstart will not be reflected on your credit history.

Upstart Reward – $10 Amazon Gift Card

Current Upstart Promotions include an Reward Offer to receive a $10 Amazon Gift Card simply for reviewing your offer. To qualify for this reward you will need a unique offer code. This is provided by mail and will not be available for all consumers.

The entire process will take about 5 minutes to complete and you will receive your reward simply for assessing your Upstart Offer.

Your gift card will be provided by email and may take up to a week to arrive after completing the offer review.

Upstart Fees and Repayment

As mentioned above, there is no penalty for paying off your Upstart Personal Loan early. This should be you primary goal. Paying off your loan early will save you money that would have been the result of interest accumulation.

Loan origination fees with Upstart vary. Some customers will qualify for 0% origination fee. However, fees for a new loan can be as high as 8% with Upstart. This highlights the importance of comparing all aspects of your personal loan offer and getting multiple quotes.

Late fees with Upstart are 5% of the owed balance or $15 per late payment (whichever is greater). Consumers should always make it a priority to avoid late payments for all bills.

Credit Requirements For Upstart

Upstart can be a great option for consumers who have less than great credit. Upstart factors in work history and education when assessing their loan applications. This can greatly benefit consumers who may not have substantial credit history.

Credit score requirements are typically around 620. You will also have to prove an annual income of at least $12,000 and cannot have excessive debt to income.

Upstart is unique in the way they review loan applications it is possible the exact requirements may vary based on your work history and education.

Personal Loans: Additional Resources

Choosing A Personal Loan With Upstart

If you are considering Upstart for a personal loan it is important to assess what you will be using the money for. Personal loans can be great resources for high interest debt consolidation or personal expenses.

When using a personal loan for debt consolidation you will need to compare the total cost of your personal loan relative to the total cost of repaying your current debt. Make use of repayment calculators to assess what the best option is.

Has Upstart financed your personal loan? Let us know about your experience in the comments below!

Helpful Links:

www.Upstart.com/myoffer

www.Upstart.com/reward

Marcus Invitation Code Loan Offers Review

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Marcus Personal Loans by Goldman Sachs

Marcus provides loan offers to potential clients via mail and email. If you have received a personalized offer you can view the loan details and apply online. Viewing your offer will NOT impact your credit score.

To access your offer you will need to provide the Marcus Offers Invitation Code found on the mailer you received. The code is a phrase plus 7 or 8 digits. This will need to be entered in to the following form online:

Marcus Loan Offers Invitation Form
Marcus Loan Offers – Invitation Code Form

Once you enter your code you can access your personalized loan offer. If you would like to proceed with the loan, you can then complete the full application process. Decisions are typically made instantly and funds are provided within days.

Loan Features and Services

  • Loans available up to $40,000
  • Interest rates as low as 6.99% (up to 28.99%)
  • Loan terms from 36 to 72 months
  • No sign up fees and no pre-payment fees

Personal loans, like other credit decisions, are decided based on your consumer credit worthiness. The lowest interest rates and longest term loans are generally only available to consumers with great credit.

There is no need to have an invitation code to view an offer with Marcus Loans. You can view your loan details in as little as five minutes even if you do not have a loan invitation code.

How To Apply For a Marcus Personal Loan

As shown above, you will need your invitation code if you want to view your personalized offers. Potential customers can visit www.Marcus.com/Offers to provide their invitation code and access their offer.

If you have not received an offer code, you can still view a personalized offer by providing some basic personal information. You can review your Marcus Personal Loan offers online without your code here.

Customers will need to complete a full application which will include information such as your desired loan amount and your loan terms. You will also need to provide your personal information and basic financial information. A full credit check will only be done with the submission of a completed application.

What Makes a Good Personal Loan?

Selecting the right personal loan can be the difference of thousands of dollars in savings over the life of a loan. It is critical to make sure you receive the best loan product when you accept an offer.

The best strategy is to review multiple offers from various banks. Be sure to make sure that you are reviewing offers that do not require a hard credit pull. This will provide multiple credit inquiries on your report which may otherwise hurt your credit score.

The primary factor will be your interest rate and loan terms. You will need to find a repayment term that fits your budget and provides you with the lowest possible interest rate offer for you loan.

Additional Personal Loan Resources:

Why Do Consumers Choose Personal Loans?

Personal loans are very popular for emergency expenses and high interest debt consolidation. The funds are provided very quickly and typically have lower interest than options like credit cards.

If you are considering a personal loan to pay off a credit card you will need to review your current interest rate vs that of you personal loan offer. Many online tools will help you decide which option will provide you with the most savings.

Contacting Marcus: 1-844-627-2871

Walmart Credit Cards Converting To Capital One

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Walmart Is Changing Their Credit Card Issuer Effective October 11th, 2019

In July of 2018, Walmart announced that they would be switching from SyncBank to Capital One as their store credit card service provider.  Today, Walmart announced this switch would begin in October.  There are several important dates and details cardholders will need to be aware of which we will review here.

The primary purpose of this card conversion is that SyncBank will no longer be the issuer and service provider for cardholders.  This will now be managed by Capital One.  Capital One is one of the biggest card issuers in the Country and has a great reputation within the industry.  It is likely that many cardholders will enjoy the new Capital One platform compared to SyncBank.  Having cards issued from both banks, I can say that I much prefer the Capital One user interface.

Let’s take a look at what cardholders can expect as the conversion process moves forward.

Walmart Capital One Card Conversion Image and Date
Walmart Capital One Card – Conversion Date set for October 11th, 2019

Conversion Process Timeline

At the moment, no action is required from Walmart Cardholders.  On October 11th, their account will be switched to begin earning rewards with their new Capital One Rewards Account.  Beginning on October 14th, customers will be able to set up their payments with Capital One.  The Capital One App can be downloaded and your new autopay can be activated.  You will also begin to see your reward balances through the new program.

In late 2019 through early 2020 Walmart and Capital One will begin sending out new credit cards.  When you receive your new card you will need to take action to complete the conversion process.  Your old card will be discarded and you will need to activate your new card.  Once you have set up your new payment method and activated your new account the entire conversion process will have been completed.

Related Credit Card Material

Important Conversion Information

When a credit card is converted to a new card issuer there are a number of important actions that cardholders will need to address.  Aside from the new card activation process mentioned above, several other critical steps include:

Set Up Your New Payment Method

Payment will need to be switched from SyncBank to Capital One.  Your card payment date will also change to reflect your new account.  Customers will need to visit Capital One to set up online electronic payment methods.  This can be completed by setting up your new Capital One Account for your Walmart Credit Card.

Update Auto Subscription Payments

If you have recurring subscriptions on your current card you will need to update these payments.  For instance, if you have a Netflix, bill payment, or anything other recurring payment on your card you will need to reset these details with your new card to prevent a lapse in payment.

No New Application Process Is Necessary and Easy

Your new card will be sent to you and no new application or credit check is required.  You will receive new credit card term agreements for your new Capital One Walmart Card.

Unlike when Costco converted to their new credit card the Walmart to Capital One will be a walk in the park.

Setting Up Your New Capital One Account

If you already have an account with Capital One you will not be required to create a new account.  Your new card will be added to your existing account.  You will be able to manage your Walmart Card using your current Capital One login information.

If you are not a current Capital One user you will need to create a new account.  Setting up a new account can be done starting on October 14th, 2019.  Customers can set up their account online and begin updating their payment and card management details.

Card Payment Interruptions

There will be no interruptions in payments aside from the time between October 11th through October 13th.  Payment will not be able to be made online until the 14th when your Capital One Account will be accessible.  During this time only mailed in payments will be processed.  It will not be necessary to send a payment by mail as long as your account is current.  Customers can simply wait until their new Capital One account is live to continue making electronic payments.

Changes To Rewards Program

At this time Walmart has not released details of its new reward program.  It has been stated that there will be updates coming to the program.  At this time we do not yet know if these will be beneficial changes or not.

UPDATE! More details in regards to the reward program can be found at our new write up “Walgreens Rewards Mastercard“.

Authorized Users

If you have an authorized user on your Walmart Credit Card they will also receive a new card.  The card will need to be activated in the same way as the primary cardholder.  No further action will be required for authorized user accounts.

Final Thoughts – Walmart Capital One Conversion

Overall, it sounds like this process is being handled very conveniently for customers.  Unfortunately, there is no way to avoid the necessity of setting up new payment details and resetting any automatic payments you have on your account.  These actions will be critical to ensure no lapse in card or bill payments.

It is yet to be seen if the new rewards program will be a better deal for cardholders.  Once the details of the new rewards program is released we will be able to determine if this will be a benefit for Walmart Cardholders.