While you’ll only earn rewards on Walmart purchases, this card’s rewards scheme is still lucrative. Using Walmart Pay requires downloading the app from the App Store or Google Play. New cardholders earn 5 points per $1 spent on in-store purchases made with Walmart Pay for 12 months (instead of the usual 2 points per $1). However, that means you need to have a smartphone, which only 85% of American adults do, according to Pew Research. Smartphone required for sign-up bonus: You can earn a higher rewards rate for the first 12 months if you use Walmart Pay in stores.The Walmart Rewards Card is only good for Walmart purchases. Limited use: If you want a credit card you can use anywhere or one you can rely on for emergencies, the Walmart Rewards Card is not the best option.Good for credit building: Since store cards are typically easier to qualify for, they can make it easier to build your credit score when you’re first starting out.You can also cash in your rewards for gift cards. Flexible redemption options: You can use rewards for purchases during online checkout or for past purchases made on your card.As an added bonus, you can earn 5% back on in-store purchases made with Walmart Pay for 12 months. You’ll also earn 2% back on Walmart in-store purchases and at Walmart and Murphy USA gas stations. Good rewards-earning rate on Walmart purchases: Once you sign up for this store credit card, you’ll earn 5% back on purchases made at or with the Walmart app.