OnePay CashRewards Card review: A solid option for in-person and online Walmart shoppers

OnePay CashRewards Card overview

The OnePay CashRewards Card is a simple no-annual-fee option for frequent Walmart shoppers, offering generous unlimited earnings on Walmart purchases and a flat 1.5% cash-back rate on all other purchases. Even if you don’t shop at Walmart often, there’s still a strong case for this card being added to your wallet. Card rating*: ⭐⭐⭐

*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

The OnePay CashRewards has no annual fee, but to get the highest earning rates on Walmart purchases (5% back), you’ll need a Walmart+ membership, which costs $12.95 per month or $98 annually, plus applicable taxes.

You also earn 1.5% back on all other purchases outside of Walmart, making it a solid everyday card.

We recommend a fair credit score or higher to be approved for this card.

Let’s dive into what you need to know about this exciting new cash-back card.

The information for the OnePay CashRewards Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

OnePay Cash Rewards Card pros and cons

Related: Why you may want a cash-back card

OnePay CashRewards Card welcome offer

New applicants can earn $35 cash back after spending $75 on purchases within 30 days after card opening.

This welcome offer is underwhelming and not very competitive compared to other cash-back cards, but it’s still better than nothing considering the low spending requirement.

Related: Best welcome offers of the month

OnePay CashRewards Card benefits

The OnePay CashRewards Card is a no-annual-fee card, so it isn’t loaded with benefits.

Once approved, eligible cardholders can receive instant card access via the OnePay and Walmart apps, so they can start using their card immediately to make purchases.

Additionally, the card has no foreign transaction fees for purchases made in currencies other than U.S. dollars. This is a nifty perk, considering most cards with no annual fee don’t offer it.

The biggest benefit of this card is its earnings rates — though for the highest rates, you’ll need a Walmart+ membership.

The card functions similarly to the Prime Visa (see rates and fees), offering elevated earnings at Amazon for Prime members and reduced earnings for non-Prime members.

Walmart+ membership comes with perks like:

• Free grocery delivery
• Free delivery with no order minimum
• Free returns from home
• Discounted Burger King orders and a free Whopper every three months with a purchase
• Up to 10 cents off per gallon of gas at participating Exxon, Mobil, Murphy USA, Sam’s Club and Walmart gas stations
• Complimentary Paramount+ subscription

Pro tip: If you hold The Platinum Card® from American Express, you can receive a monthly statement credit of up to $12.95 plus taxes and fees to cover the monthly cost of one Walmart+ membership (subject to auto-renewal; enrollment required). Plus Ups excluded.

Related: The pros and cons of cash-back credit cards

Earning and redeeming rewards on the OnePay CashRewards Card

The One Pay CashRewards Card has a simple earning structure. You’ll earn unlimited:

• 5% cash back on Walmart purchases (online or in-store) if you’re a Walmart+ member or 3% back if you’re not a Walmart+ member
• 1.5% cash back on all other purchases (regardless of your Walmart+ membership status)

Cash back is earned in the form of OnePay points. These points can be redeemed as cash back into a OnePay Cash account or as a statement credit.

Additionally, you can put your OnePay Cash in a OnePay savings account that earns up to 3.75% annual percentage yield on up to $250,000.

Related: Best cards for everyday spending

Which cards compete with the OnePay CashRewards Card?

The OnePay CashRewards is an excellent option for Walmart shoppers and for those looking for an everyday cash-back card. However, depending on your specific circumstances, another cash-back card may better suit your needs:

• If you shop at Amazon more: The Prime Visa offers cardholders 5% back on Amazon and Whole Foods purchases and bonus earnings in a handful of other everyday categories for no annual fee (requires a Prime membership). You’ll also receive a few travel protections and pay no foreign transaction fee abroad. To learn more, read our full review of the Prime Visa.
• If you want more flexibility: The Citi Double Cash® Card (see rates and fees) offers 2% cash back on all purchases (1% when you buy and 1% when you pay). Cash back is earned in the form of Citi ThankYou points, which can be transferred to one of Citi’s 22 transfer partners, albeit at a lower ratio than rewards earned with Citi’s cards with an annual fee. To learn more, read our full review of the Citi Double Cash.
• If you prefer Chase: The Chase Freedom Unlimited® (see rates and fees) has no annual fee and earns at least 1.5% cash back on all purchases and even higher earning rates on dining and drugstores. Plus, when paired with an Ultimate Rewards points-earning card, you’ll have access to Chase’s 14 travel partners. To learn more, read our full review of the Chase Freedom Unlimited.

For additional options, check out our full list of the best cash-back rewards cards.

Should I get the OnePay CashRewards Card?

If you’re looking for a simple cash-back option, shop at Walmart frequently and have a Walmart+ membership, this card is a no-brainer.

However, if you don’t have a Walmart+ membership or prefer more flexibility with your rewards, you may be better off opting for another cash-back card.

Bottom line

The OnePay CashRewards is shaping up to be an excellent no-annual-fee cash-back card. Even if you don’t shop at Walmart frequently, it’s worth a second look given its unlimited 1.5% cash back on all purchases.

If I shopped at Walmart more frequently, I’d consider adding this to my wallet.

Related: The best credit cards for Walmart shopping