Save up to 5% at Walmart with the new OnePay CashRewards Card

Attention, shoppers: OnePay is launching a new cash-back card that will reward customers on all purchases.

The OnePay CashRewards Card is designed to stretch Americans’ budgets further, especially if you’re a Walmart shopper and/or a Walmart+ member. It has simple earning rates, a modest but easy-to-earn welcome bonus and no annual fee.

Plus, since this new card is issued by Synchrony Bank and runs on the Mastercard network, it can be used almost anywhere.

So, whether you’re buying weekly groceries, household cleaning products, school items or even a new TV, here’s how this one card can essentially save you up to 5% on your online and in-store Walmart purchases.

Related: Walmart Cash rewards program: How to earn ‘cash,’ save on your bill and enjoy perks

The OnePay CashRewards Card offers unlimited cash back on Walmart purchases, with Walmart+ members earning 5% back and everyone else earning 3% back. Plus, cardholders will earn 1.5% cash back on purchases everywhere Mastercard is accepted. Therefore, whether you’re an occasional or frequent Walmart shopper, you can save money by earning cash back on those everyday purchases.

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For example, someone spending $500 each month on Walmart purchases (in-store or online) would earn $25 cash back as a Walmart+ member or $15 as a nonmember with this card. With the ability to earn unlimited cash back on all purchases, this card is straightforward and easy to use, providing value for many households.

Plus, new cardholders can earn a welcome bonus of $35 cash back after spending $75 or more within the first 30 days after card opening. And since there is no annual fee, it can easily be a win-win for those wanting to be rewarded for everyday spending.

As a Walmart+ member, if you decide to open the OnePay CashRewards Card and spend $100 at Walmart within the first 30 days of your account opening, you can essentially earn $40 back on that first purchase. To break it down, it would be $35 cash back from the card’s welcome bonus, plus an additional $5 since you’ll earn 5% back on Walmart purchases as a Walmart+ member.

Cash-back rewards can be redeemed as statement credits on your account or as cash transferred into a OnePay Cash account.

If you’re looking to start saving, OnePay has advised TPG that you can see if you are prequalified for the OnePay CashRewards Card without affecting your credit score before applying.

Related: Best cash-back credit cards

This card is designed for shoppers who want to start saving on everyday purchases and are interested in a hassle-free, no-annual-fee rewards card. Plus, for frequent Walmart customers, the OnePay CashRewards Card can help you save even more.

Keep in mind:

• If you have a Walmart+ membership, the 5% Walmart rate is fantastic for groceries, back‑to‑school supplies and household essentials.
• You still earn 1.5% back on non‑Walmart purchases, which is a useful perk for everyday spending.
• Though the $35 welcome bonus for spending $75 in 30 days is modest compared with many travel rewards cards, it is easy to capture on a routine grocery run.

What to keep in mind: You need an active Walmart+ membership to earn the full 5% back at Walmart; otherwise, you’ll earn 3% at Walmart. (Here is an article with some tips on how to potentially save on your Walmart+ membership.)

With a zero-dollar annual fee, up to 5% back at Walmart and simple redemption options, the OnePay CashRewards Card is great for shoppers who want an easy way to stretch their budgets, especially if they frequently shop at Walmart.

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