Synchrony Financial and Green Dot Introduce 3-2-1 Cash-Back Rewards
for the Walmart Credit Card and Walmart MoneyCard Programs
BENTONVILLE, Ark.–(BUSINESS WIRE)–Beginning tomorrow, Walmart Credit Card and Walmart MoneyCard holders
will have a new tool to help them keep more money in their pocket. It’s
as easy as 3-2-1. The new, simplified rewards value proposition – 3-2-1
Save – brings even more value to the everyday purchases
customers make using the Walmart family of credit and prepaid cards,
issued and administered by Synchrony Banki (NYSE: SYF)
and Green Dot Bankii (NYSE: GDOT),
From fresh produce to 4K TVs, every purchase made on Walmart.com, at
Walmart Stores, and Walmart and Murphy USA gas stations will earn more
rewards for purchases made with either the Walmart Credit Card, the
Walmart MasterCard or the Walmart MoneyCards.iii The 3-2-1
Save cash back program provides all qualifying cardholders in
the U.S. and Puerto Rico with the opportunity to earn rewards for
purchases they make every day including:
3% back on purchases made on Walmart.com, including Site to
2% back on fuel purchases at Walmart or Murphy USA gas
1% back on purchases made at Walmart stores and everywhere the
Walmart Credit Card or Walmart MasterCard are accepted.iv
“We’re always looking for ways we can create and change products and
services to make them even better for our customers,” said Daniel
Eckert, senior vice president, services, Walmart U.S. “The Walmart
MoneyCard and Walmart Credit Card have proven to be valuable tools in
our customers’ wallets, helping them manage their money for less. The
new 3-2-1 Save program simplifies and strengthens the card proposition
for more than 10 million cardholders and helps add even more value to
their Walmart purchases no matter how they choose to shop with us.”
Walmart Credit Card
Providing Walmart customers everyday
value has been a core benefit of the credit card program since it began
“We work closely with Walmart to meet the evolving needs of their
customers, including differentiated channel rewards with expanded
opportunities to save, along with special financing options for larger
ticket purchases. The new 3-2-1 Save program aligns with Walmart’s
mission for consumers to save money and live better,” said Tom Quindlen,
executive vice president and CEO, Retail Cards, Synchrony Financial. “We
are excited about this program as it also recognizes the increasing
shift toward online and mobile shopping and is the first credit card
program designed to offer Walmart cardholders even greater savings on
their online purchases.”
Existing Walmart Credit Card and Walmart MasterCard cardholders are
automatically enrolled in the 3-2-1 Save program as of
April 1, 2016, and current cardholders can use their existing card to
earn rewards. Special financing promotions are also available for
in-store purchases of $150 or more. New customers can apply in-store or
at Walmart.com and qualifying cardholders can enjoy 10% off their first
day spend on Walmart.com or in-store for up to $25 in savings, applied
as a statement credit.
Further information on the Walmart Credit Card is available at www.walmart.com/creditcard.
Since 2009, customers have been able to
use the Walmart MoneyCard, a prepaid card program with a simple fee
structure, to manage their everyday finances. In addition to the 3-2-1
Save program, the new MoneyCard includes a host of features and
benefits such as an all-new mobile app, free early direct deposit,
online bill pay, and mobile check deposit through the all-new mobile app.
Customers can pick up a Walmart MoneyCard for $1 at 4,500 Walmart
stores, or for $0 at www.WalmartMoneyCard.com.
Other fees apply to use the card.
“The new Walmart MoneyCard program combines traditional money management
with modern fintech features and valuable rewards in a way that only
Green Dot and Walmart could deliver to the millions of Americans that
can’t get or don’t want traditional bank accounts,” said Steve Streit,
CEO of Green Dot Corporation. “This is yet another example of how we at
Green Dot continue to deliver on our mission to reinvent personal
banking for the masses and how our long-term work with Walmart continues
to bring great value to consumers.”
More on the Walmart MoneyCard can be found at www.WalmartMoneyCard.com.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people
around the world save money and live better – anytime and anywhere – in
retail stores, online, and through their mobile devices. Each week,
nearly 260 million customers and members visit our 11,535 stores under
72 banners in 28 countries and e-commerce websites in 11 countries. With
fiscal year 2016 revenue of $482.1 billion, Walmart employs more than 2
million associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com
About Synchrony Financial
Synchrony Financial (NYSE: SYF)
is one of the nation’s premier consumer financial services companies.
Our roots in consumer finance trace back to 1932, and today we are the
largest provider of private label credit cards in the United States
based on purchase volume and receivables.* We provide a range
of credit products through programs we have established with a diverse
group of national and regional retailers, local merchants,
manufacturers, buying groups, industry associations and healthcare
service providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
350,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety of
credit products to finance the purchase of goods and services. Synchrony
Financial (formerly GE Capital Retail Finance) offers private label and
co-branded Dual Card credit cards, promotional financing and installment
lending, loyalty programs and FDIC-insured savings products through
Synchrony Bank. More information can be found at www.synchronyfinancial.com,
*Source: The Nilson Report (April, 2015, Issue # 1062) –
based on 2014 data.
About Green Dot
Green Dot Corporation, along with its wholly
owned subsidiary bank, Green Dot Bank, is a pro-consumer financial
technology innovator with a mission to reinvent personal banking for the
masses. Green Dot invented the prepaid debit card industry and is the
largest provider of reloadable prepaid debit cards and cash reload
processing services in the United States. Green Dot is also a leader in
mobile technology and mobile banking with its award-winning GoBank
mobile checking account. Through its wholly owned subsidiary, TPG, Green
Dot is additionally the largest processor of tax refund disbursements in
the U.S. Green Dot’s products and services are available to consumers
through a large-scale “branchless bank” distribution network of more
than 100,000 U.S. locations, including retailers, neighborhood financial
service center locations, and tax preparation offices, as well as
online, in the leading app stores and through leading online tax
preparation providers. Green Dot Corporation is headquartered in
Pasadena, Calif., with additional facilities throughout the United
States and in Shanghai, China.
i Synchrony Bank is a subsidiary of Synchrony Financial.
ii Green Dot Bank is a subsidiary of Green Dot Corp.
iii Walmart Credit Card holders can earn unlimited rewards.
Rewards are paid each month via statement credits. Walmart MoneyCard
holders can earn up to $75 per year in cashback rewards and the rewards
are paid out after the cardholder has an account for 12 months.
iv Walmart MoneyCard customers will receive 1% back on
purchases made at Walmart. Credit Card customers will receive 1% back on
purchases made at Walmart and anywhere else that accepts the Walmart
Credit Card / MasterCard.
Dori Abel, 855-791-8007
Brian Ruby, 203-682-8268
Brian Ruby, 626-765-2427