Wal Mart Credit Card
Wal-Mart Credit Card:
Wal-Mart Stores, Inc is an American public corporation founded by Sam Walton in 1962. It is the largest retailer in the world and stands second when it comes to revenue. Also it is the largest private employer in the United States. Internationally Wal-Mart operates in United Kingdom, Japan, Mexico, China and many other countries also.
Wal-Mart operates Sams club, a chain of warehouse clubs that sell groceries and other general merchandise. They also sell gasoline. Sams Club stores are open only for those customers who subscribe to an annual membership. There are around 570 Sams Clubs in the United States.
Wal-Mart aims to provide the best facilities to its comsumers. One such benefit is that they offer credit cards which make it convenient for the customers to make purchases without the hassle of carrying cash with them.
Types of Credit Cards offered by Wal-Mart:
Wal-Mart offers two great credit cards for which customers need not pay the annual fee which usual credit cards have. These two cards are the Wal-Mart Discover Card and the Wal-Mart Credit Card.
Earlier Wal-Mart offered credit cards that could only be used in their stores. However now it offers a choice of Discover Card that you can use at most of the businesses that accept credit cards and another card that is a retail type card that can be used only at their stores and Sams Club stores. When it comes to their comparison the Discover card offers more value than the retail card since you can earn a cash back of around 1% on the Discover Card. However, a unique benefit of this Retail card is that you can save upto 3 cents per gallon of gas if you purchase at their stores. Generally, if you want to get a discount on your gas purchase, you need to purchase a Wal-Mart Gift Card. However, using the retail card will allow you to save these 3 cents without using the gift card. So you need not purchase one.
Note that Wal-Mart accepts credit cards issued by U.S banks only that are Visa, MasterCard, American Express, Discover and Wal-Mart Discover. They do not accept credit cards issued by foreign (non U.S) banks.
Benefit of the Wal-Mart Credit Cards:
1)No annual fee.
2)$0 fraud liability.
3)Special financing offers.
4)Choice of payment due date. Customer can choose the due date to make payment.
5)Additional cards for family members absolutely free. No extra cost.
6)Good rate on AT&T long distance if it pre-paid.
7)Secure access to account information using www.walmartcreditcard.com.
8)Cards are accepted at Wal-Mart, Sams Club stores, Walmart.com, Aol, Thrifty Car Rental and Wal-Mart Connect.
9)Upon approval, you get a temporary shopping pass with which you can shop right away at any Wal-Mart store.
10)$20 cash advance each time you make a purchase.
11)Save 3 cents per gallon by purchasing gas from any of the Wal-Mart of Sams Club gas stations.
If you take Wal-Mart Discover Card, you get additional benefits:
1)Earn upto 1% cash back on all the purchases made using the card.
2)Accepted everywhere you see the Discover Network Sign.
When you opt for a Wal-Mart Credit Card, your transaction will be processed immediately and you will get a response in not more than 30 seconds. Your application will be encrypted (converted into code language) so that your personal information is absolutely secure.
However, benefits for Wal-Mart Discover card can be availed only for those cards that are issued by GE Money Bank and cardholders will not be eligible if the card is issued by other Discover Network Issuers. This is because GE Money Bank (GEMB), the issuer of Wal-Mart Credit Card and Wal-Mart Discover Card, operates Wal-Mart Credit Card online credit center.
Application for the credit card: New customers can apply by logging into their gift registry at any of the Wal-Mart stores. If you get the credit approval, they offer you express credit for your shopping for that particular day. You can also apply online using Wal-Mart Credit Card website. You can manage your account online too.
Security of your credit card: There is an option for the customers to get card security also. You can protect your Wal-Mart credit card or Wal-Mart Discover card upto a limit of $10,000. If you enroll in the security program, your credit card or Discover card balance will be cancelled to full on occurrence of any of the qualifying events which are approved leave of absence, disability, nursing home care, unemployment, terminal illness or death. Customers can go to Wal-Marts website and read their private policy if they want to know the details about their security policy.
At the time of making payments using the credit cards, you have to mention your credit card type, credit card number and expiration date, as well as your name, phone number and address as they appear on the credit card statements.
Wal-Mart Is Planning to Launch Credit Card In China:
In September 2006, Wal-Mart and Bank of Communications have announced the official launching of their credit card program The Bank of Communications Pacific Wal-Mart Credit Card issued by Pacific Credit Card Center unit of Bank of Communications.
On November 1, 2006 Wal-Mart China, Shenzhen Development Bank (SDB) and GE Money have jointly launched another credit card called Wal-Mart Changziang Card, a Visa and China UnionPay dual labeled credit card. This is the second credit card launched by Wal-Mart China after the deal with Bank of Communications.
The Bank of Communication Wal-Mart Credit Card is offered in Northern China and the Wal-Mart GE Credit Card is available in Southern China. Both these cards are available in dual-currency that means they can be used in China as well as abroad.
Every Credit Card holder will get a benefit of 1% rebate on the purchases made using the credit card which they can exchange for any goods of that value in any of the Wal-Mart or Sams Club Stores throughout China. Card holders can also get rebates while shopping in any of the stores around the world which will make their shopping experience really enjoyable. Another benefit of these cards is that the card holders will not have to pay any annual fee for the first year. What more, if you make upto 12 purchases in the first year using your credit card, then you can enjoy the benefit of annual fee waiver in the second year too.
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