Walmart Net 30 Accounts - What to Expect
Although Walmart Inc used to offer business owners a net 30 account with the Walmart Community Card, that card no longer exists.
However, there are several solid alternatives that are similar to a Walmart net 30 account that can boost cash flow. And some can also help you build business credit at the same time.
Here are our top three recommendations.
Walmart Net 30 Alternatives
- Walmart Credit Card
- Sam’s Club Business Mastercard
- Amazon Business Net 30 Account
The Capital One Walmart Rewards Card from Walmart International is for consumers. But it still offers cash back and other perks if you frequently shop at Walmart for your business.
This card offers some great perks, including:
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5% cash back when used at Walmart.com
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2% cash back when used at Walmart stores and gas stations, as well as at restaurants and for travel
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1% cash back everywhere Walmart Mastercard is accepted (not American Express)
We also like that there’s no annual fee from Walmart US, which is better than what many other competitors offer.
In terms of APR, it’s either 18.99% or 29.99%, depending on your creditworthiness.
29.99% is, admittedly, much higher than the average 22.77%. If, however, you land an 18.99% APR, that’s considerably lower than average.
The bottom line is that this Walmart pay card offers some robust rewards, especially for each online purchase.
And the massive product inventory on the Walmart app and Walmart store make it an asset if you’re buying items for your business such as office supply equipment or even giving away gift cards.
Note that there are no debit card, prepaid card, or employee card options, but it’s a respectable traditional credit card overall.
And though a consumer credit card isn’t technically a net 30 account, you have around 30 days to pay your balance, which is why we’re including it in our list of alternatives for net 30 accounts.
You can learn more and apply for a Capital One Walmart Rewards Card here.
Sam’s Club is owned by Walmart, so they carry many of the same products. If you like shopping at Walmart as a business owner, you might consider a Sam’s Club membership.
The Sam’s Club Business Mastercard might be of interest as well.
That’s because this card offers excellent rewards, including:
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5% cash back on gas (for the first $6,000 a year, then 1% after that)
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3% cash back on restaurants
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1% cash back on all other eligible purchases
As for APR, it’s 20.9% for Account Type 1 and 28.9% for Account Type 2.
There’s also no annual fee or personal guarantee required, and the Sam’s business credit card reports to Equifax and Experian credit bureaus. As long as you consistently make your payments on time or in advance, this should help raise your business credit score.
And with the extensive product line that Sam’s carries, you can also make the key business purchases you need while simultaneously boosting cash flow.
You can apply for a Sam’s Club Business Mastercard here.
We put Amazon on this list because it’s one of the few companies with product selection as big as Walmart’s. They also have pricing that’s just as low, if not lower.
Let us start off by saying that an Amazon Business Net 30 account, known as a Pay by Invoice account, does not report to business credit bureaus. Therefore, it won’t directly help a small business build business credit.
That said, there are some definite advantages to having an account. It mainly frees up cash flow and gives you financial wiggle room when paying Amazon commerce invoices.
This allows you to pump more of your revenue back into your business, which can help increase net sales over time.
The default setting is net 30 terms, with 30 days to pay for a purchase. However, if you need more time, “You can apply for 45-day terms with the Small and Medium plans or 60-day terms with the Enterprise plan” if you have a Business Prime membership Amazon explains.
Besides that, Amazon allows you to conveniently track your spending, search and download each purchase, and leverage comprehensive analytics tools. And of course, this net 30 vendor offers frequent sale events for discounts and has solid customer service.
With a selection of products that’s at least as good as Walmart’s, you should be able to find nearly everything you need to run your business.
You can get more information about an Amazon Business Net 30 account here.
Note if you’re looking for net 30 accounts that do report to business credit bureaus, you can find our reviews of some here:
Build Business Credit with eCredable Business Lift
If your primary goal of using net 30 accounts is to build business credit with vendors, you’ll definitely be interested in eCredable because it’s specifically designed to report business bills to credit bureaus.
You can think of it as turning business bills like electricity, water, internet, TV, and mobile phones into business trade credit. By making payments to vendors on time, this will be reflected in your business credit history, which should, in turn, help you build business credit.
Besides just reporting business bills, eCredable can report other things like payments to vendors and suppliers, business insurance, business rent/lease, accounting, marketing, and other services.
And because eCredable automatically attempts to report up to the last 24 months of payments from vendor accounts upon signing up, you can see a big bump in your business credit right away — an average 32-point increase to be more specific.
You can learn more about how eCredable Business Lift works here.