Walmart’s Newest Cashback Rewards Program – How Does It Save You Money?


jetcityimage/iStock.com

Whether you’re shopping for back-to-school items, everyday household items, or even major appliances, you can usually find great deals at Walmart.

Save more: Back-to-school tips to help cut costs
Find: This Credit Score Mistake Could Cost Americans Millions

Now the big box retailer is offering another incentive to its Walmart+ members – digital rewards that shoppers can use towards future purchases.

Here’s how it works:

First, become a Walmart+ member. Subscription costs $12.95 per month or you can save by paying $98 upfront for a year.

Then download the Walmart app, because that’s where you can access this cashback rewards program, which is part of a partnership between Walmart and cashback rewards platform Ibotta, according to TechCrunch.com.

Then shop as you normally would in the Walmart app as a Walmart+ member. When you purchase a cashback-eligible item, simply “clip” the offer as you would any digital coupon. After you make your purchase, you’ll earn Walmart Rewards which are saved in the app and can be applied to future purchases for greater savings.

Walmart is already one of the brands that offers cashback through the Ibotta app. This new program allows Walmart+ members to earn even more rewards, without downloading the Ibotta app.

The Walmart+ program also stands out because users don’t need to apply for a cash back credit card to earn the rewards. (Although you can multiply your rewards by paying for your purchases with a credit card that offers the best cash back rewards.)

Amazon is offering 5% cash back on many purchases, but only for those who open an Amazon Prime Rewards Visa card.

See: 11 things you should never buy at Walmart
Find: Dollar Store Dos and Don’ts

The new Walmart Rewards program adds to a growing list of benefits Walmart+ members can access, including:

  • Free delivery with no minimum purchase
  • Reduced fuel prices at many gas stations
  • Free grocery delivery
  • Promotions and special offers

Walmart+ members can also get six months of Spotify Premium for free and, in the near future, according to a TechCrunch.com article, free access to the Paramount streaming service with a Paramount+ Essential plan.

More from GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketer with interests in finance, e-commerce, technology, and real estate. His long list of publishing credits includes Bankrate, Lending Tree and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology and entertainment website. She lives in Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten and three lizards of different sizes and personalities – plus her two children and her husband. Find her on Twitter, @DawnAllcot.

Previous Pacific island high courts are still dominated by foreign judges, but a constitutional crisis in Kiribati exposes the risks
Next Saudi Arabia welcomes Hayya card holders with 60-day visas during World Cup season