Credit Card News

Walmart’s OnePay Introduces CashRewards Credit Card

by Kyle BurbankAug 25, 2025

After announcing in June that a OnePay credit card offering was on the way, the CashRewards card has arrived.

About the OnePay CashRewards Credit Card:

OnePay (formerly One) has unveiled the new OnePay CashRewards Credit Card, issued by Synchrony Bank. With this new card, customers can earn enhanced cashback on Walmart purchases — with the biggest rewards reserved for Walmart+ customers.

First, all CashRewards cardholders can earn unlimited 3% back on Walmart purchases. This includes transactions made both online and in-store. What’s more, cardholders with a Walmart+ membership can earn 5% back at Walmart. As for other rewards, all other purchases made with the card will earn 1.5% back.

Technically, the CashRewards card will earn OnePay points on purchases. However, these points can then be redeemed for deposits into OnePay cash accounts or for statement credits.

For those who aren’t approved for the OnePay CashRewards card, a private label credit card called the OnePay Walmart Spend Card may be made available. According to the card’s site, this offering does not have a typical rewards structure. Instead, Walmart Spend Card customers may encounter “limited-time offers” they can take advantage of in order to earn OnePay Points.

To mark the launch of the card, OnePay is also offering a welcome bonus. Currently, new CashRewards card customers can earn an extra $35 back after spending at least $75 on the card within their first 30 days.

My Thoughts:

When this new credit card from OnePay was teased, I noted that it would have to offer some pretty strong rewards for Walmart just to top what customers can already get with the OnePay debit card. While I still think that the debit card is probably good enough for most people, those who have Walmart+ and shop at Walmart regularly may actually benefit from this 5% back card. With an annual Walmart+ membership currently going for $98, those who plan to spend $2,000 or more in Walmart purchases per year would at least break even. Plus, the retailer has been known to offer a yearly membership for just $49 from time to time.

Funny enough, I have a free Walmart+ membership thanks to a different credit card: The American Express Platinum. Thus, if I were to get the card, I could be earning 5% back on groceries (there’s literally a Walmart Neighborhood Market across the street from me), auto care, clothes, and everything else that Walmart has to offer. That actually sounds like a pretty good deal to me!

That said, I don’t plan on adding another card to my wallet nor going all-in on Walmart right now. Still, for heavy Walmart shoppers, this new card may be one to consider.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

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