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I use the US Bank Shopper Cash rewards card both in-store at a Walmart Supercenter and also for Walmart+ deliveries. My monthly spend is not consistent, but the quarterly spend hovers right around $1500. If I'm a little shy of $1500 for a particular quarter, I add an electronic Walmart gift card to true it up to exactly $1500. At Neighborhood Markets, I use an Amex "old" Blue Cash card which codes as 5% for groceries.
Before I applied for the Shopper Cash rewards, I thought about getting the Capital One Walmart card instead since it has no annual fee. After overthinking the choice for about a month, I concluded that the extra 1% in rewards plus the $250 signup bonus would offset the annual fee for roughly 8 years (negative $35 per year after the first year). I also figured that I had a better chance at a higher starting limit with US Bank. USB gave me $20k, and I seriously doubt that the Cap1 Walmart would have come anywhere close to that.
If the Cap1 card gave 5% for in-store purchases beyond just the first year, I might have made a different choice. If I spent a lot more than $1500 per quarter, that would also have impacted my decision. If Walmart took Google Pay, I would simply use my Altitude Reserve card and not bothered applying for either the Shopper Cash or the Cap1 card.
Amex blue cash preferred gives 6% on groceries but it's capped at $6k annually. And has a $95 AF..
I don't know how it codes at Walmart (I don't shop there)
@Rogue46 wrote:Amex blue cash preferred gives 6% on groceries but it's capped at $6k annually. And has a $95 AF..
I don't know how it codes at Walmart (I don't shop there)
Sadly the BCP excludes Walmart.
Lastly, you can always buy Walmart gift cards at raise or cardcash to use in-store. The discount on Walmart cards is very low (think 0.5% if you are lucky). But if you have another credit card that gets 3-5% for online spend, you get the cash back along with the small discount.
I appreciate everyone's responses! So what I'm concluding is that this card is quite possibly "the only known non-georestricted, non-rotating, no annual fee 5%" in store Walmart card that doesn't involve a mobile wallet. Interesting! If anyone has any other suggestions or experiences from using the card, please share!