Walmart Credit Card - Learn How to Unlock and Use

The Walmart Credit Card is a financial product designed to offer you flexibility in paying for your purchases as a frequent customer of this chain of stores.

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In the following article, we want to show you how you can use your Walmart credit card and the process you should follow in case the tool is blocked. Below are the titles to be addressed.

  • Walmart Credit Card
  • How does the Walmart Credit Card work?
  • What is the credit limit managed with the Walmart Credit Card?
  • Can the credit limit of my Walmart Credit Card increase or decrease?
  • What are the Fees Applied to the Walmart Credit Card?
  • What should I do in case of losing my Walmart Credit Card?
  • How can I unblock my Walmart Credit Card?
  • What is Inbursa Mobile and how can I activate it?
  • Inbursa Bank Information

Walmart Credit Card

The Walmart Credit Card is a payment tool issued by Grupo Financiero Inbursa, in partnership with the retail chain Walmart, aimed at making it easier for their frequent visitors to purchase products on credit.

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Walmart Credit Card - Learn How to Unlock and Use
Image Source: Walmart

For many, applying for such instruments directly at the bank can be a complicated process, either because they have never requested such tools before or do not meet the requirements.

Therefore, Walmart decides to launch its own card, offering a more convenient way to obtain credit, not only to purchase products within Mexico but also at any similar store worldwide.

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How is the Walmart credit card different from a regular one?

The Walmart Credit Card is a payment instrument that you can only apply for through this chain of stores or at the bank's branches. Additionally, it provides you with the following benefits, unlike any other tool:

  • Enjoy exclusive promotions when making purchases with this card, not only at Walmart but also at Sam's Club and Bodega Aurrera;
  • Receive discounts when purchasing any product from the Pharmacy area in Walmart stores;
  • Ability to shop at stores within the Walmart chain not only in Mexico but also at any Walmart store worldwide, thanks to having MasterCard support;
  • Get the benefit of waived shipping fees when buying products through the web portal.

Moreover, the application and approval process is much faster and more effective since you won't need to provide a large number of documents or have an extensive credit history.

How Does the Walmart Credit Card Work?

The Walmart Credit Card functions as a traditional payment tool, backed by MasterCard. It can be used not only within Walmart stores but also at any establishment within their network.

Image Source: Walmart

If you are a frequent Walmart shopper, you can make the most out of it. By using this card, you can enjoy various discounts and take advantage of rewards programs based on your spending.

The goal is to use this tool wisely at locations offering the most benefits so that you can fully enjoy all the perks of having a store card.

What should you consider before applying for the Walmart Credit Card?

As you already know, the funds from this tool are essentially a loan, so you will have to repay them along with the added interest and fees established by the issuer.

Therefore, first and foremost, we recommend that you carefully study the interest rate and fees to determine if you will be able to make the necessary payments in the following days after your purchases.

Next, we suggest evaluating whether you frequently shop at this store, as this will allow you to fully benefit from this tool.

What is the credit limit managed with the Walmart Credit Card?

As mentioned earlier, this credit card is financially backed by Grupo Inbursa, therefore, the allocation of the limit amount is determined by this entity.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Pixabay

It varies based on the client's credit profile, the demonstrated repayment capacity in their income certification, and the behavior with other similar products.

To find out the assigned limit, you can consult an account executive when approved, or wait for the entity to provide you with the tool.

How does the restoration of the Walmart Credit Card credit limit work?

After making your purchases and determining the best payment plan to manage the debt, you can once again access the assigned limit after paying off the balance used. 

In other words, the credit limit of your credit card will be restored once you make the payment for the incurred debt, under the conditions established with Walmart and Inbursa. 

This way, you can enjoy this fund over and over again, and even enhance your credit history to apply for credit cards with higher limits or other financing products.

Can my Walmart Credit Card limit increase or decrease?

Your credit card limit may be increased by the financial institution, depending on the frequency of your transactions and your repayment capacity, provided you accept the offer to increase the limit.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Freepik

The financial institution also has the authority to decrease the credit line if deemed necessary, but in both cases, you should be informed through one of the bank's communication channels.

It is important to note that the credit limit granted with this payment tool is a net amount that does not include fees, charges, interest, or other expenses incurred by using these resources.

Can I apply for other credit cards after getting the Walmart one?

Yes, with the Walmart Credit Card, you can request additional payment tools from the same bank, and even enjoy exemptions from some fees and commissions.

However, Inbursa will conduct a new evaluation and analysis of your credit profile, and verify that you meet the required conditions and documentation to decide whether to grant the requested product or not.

It is important to maintain a good payment behavior for the agreed installments, as this greatly influences the approval of new financing instruments.

What are the Applied Rates for the Walmart Credit Card?

For the credit line granted on this credit card, Inbursa establishes an Annual Average Total Cost of 88.4%, not including VAT, which includes an average interest rate of 71.80%.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Pixabay

In addition to interest charges for purchases, you must cover an annual fee of $600 for the main cardholder as stipulated in the contract.

For any additional cards you request, you won't incur this last expense, with the first two excluded from the payment. For the third, you'll only need to make an annual payment of $100.

Commissions for operations carried out with Walmart Credit Card

In addition to applied fees, Inbursa establishes the charging of a series of commissions, detailed below, related to the transactions you make with the card and the management of the credit fund.

  • $50 commission for card replacement due to normal wear and tear;
  • $50 commission for each card replacement due to theft or loss;
  • 6% commission on the amount of cash withdrawn from Inbursa Bank or other ATMs abroad;
  • 6% commission on the amount of cash withdrawn through Inbursa Bank tellers.

In case of non-compliance with the established payments, where the entity has to resort to collection mechanisms, a commission of up to $399 will be added for each event.

What should I do in case of losing my Walmart Credit Card?

If you have been a victim of theft involving your Walmart credit card, the first thing you should do is immediately report it to Banco Inbursa to have it blocked.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Freepik

If the perpetrator has made any transactions, you must report to the bank that these were unauthorized, so they can start investigating the case.

This way, the bank will relieve you of liability, and once the status of the transactions is clarified, any unauthorized charges can be waived from your debt.

In addition to loss, what are the reasons for a credit card being blocked? 

Credit card blocking is usually an automatic process activated when an unusual event related to a transaction occurs. Some of the most common reasons are listed below.

  • Forgetting the Personal Identification Number and entering the wrong access code more than three times;
  • Making unusual transactions, such as online purchases at insecure platforms;
  • Using the credit card for international payments without informing the bank.

If you reach your credit limit, your credit card may also be blocked, and you will need to start making payments to continue enjoying credit facilities. 

How to unlock my Walmart Credit Card?

Unlocking your credit card mostly depends on the issuing financial institution, as blocking is generally a mechanism to safeguard your funds.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Pixabay

Therefore, the first step is to contact Banco Inbursa and request assistance from an account executive, where you can report the inability to use the tool.

Once your identity is verified, the executive will input a report into the system for reactivation of the card, or in some cases, issue an order to replace the card.

What should I do after requesting the unlock of my Walmart Credit Card?

If the financial advisor confirms that the tool has been unlocked, you can test it at a store to make sure it is indeed active.

If you need a replacement card, you should make the payment for the new card and once you receive it, activate it again to start using it.

What is Inbursa Móvil and how can I activate it?

For your convenience, Inbursa not only has a Mobile Banking section on its website but also offers you an application to download on your personal mobile device to operate with your credit card. 

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Inbursa

To activate it, you just need to log in with your password and username to the online banking platform and go to the profile menu. Then, click on the INBURpass command.

Next, select the button that says Generate Mobile Code. The system will issue the download approval token, which you will enter into the application on your mobile device.

How can I register on Inbursa Móvil?

To sign up for the Inbursa Móvil app, after activating it through the Online Banking platform, you simply need to follow the steps outlined below.

  1. Download Inbursa Móvil from your service provider and register your personal data along with the previously generated code;
  2. Enter the access key for Mobile Banking;
  3. Authenticate your identity with Facepass for better security of your resources;
  4. Register your Walmart Credit Card and carry out the necessary transactions.

It is important to note that this application is only available for Android mobile devices with NFC technology or Apple electronic devices with IOS technology.

Inbursa Bank Information

For more information about this credit card or other financing products from Inbursa Bank, you can visit the main branch located at Av. Insurgentes Sur 3500, Col. Peña Pobre, Tlalpan, Mexico City.

Walmart Credit Card - Learn How to Unlock and Use
Image Source: Inbursa

You can also locate and visit the branch closest to your address through Inbursa Bank's website in the Branches section.

Furthermore, you can contact the Customer Service team via email at uniesp@inbursa.com to request assistance with applying for this card.

Phones and Website

If you wish, you can contact us by phone at 55-5238-0649 or 800-8491000, to inquire about this credit card or others in the catalog.

Moreover, you can visit the Grupo Inbursa website and go to the Credit Cards section to see the details of each payment method, in order to choose the one that best suits your profile.

You can also reach the bank's executives through their social media channels, where you can find them as @InbursaGfi on Facebook, @Inbursa on Instagram, and @BancoInbursa on Twitter.

Conclusion

The Walmart Credit Card is a tool that has all the benefits of a conventional payment instrument, but you can also take advantage of the exclusivity of its discounts and promotions.

Disclaimer: You should consider that the Walmart Credit Card entails a series of risks, therefore, we recommend you verify the terms and conditions issued by Banco Inbursa.

Branches section - Grupo Financiero Inbursa