Walmart previously offered net 30 terms through their Community Card.
Unfortunately, their Community Card has been removed from their credit solutions. This means their existing net 30 account opportunities have too.
Additionally, the credit card partnership between Walmart Inc. and Capital One was terminated in May. Viable alternatives such as the Walmart Rewards Card aren’t offered anymore either.
Fortunately, there are alternatives for your business if you want to build your credit score.
Whether you previously had a Walmart net 30 account or you were looking into it and were disappointed to find they’re no longer offered, here are some Walmart net 30 account alternatives we recommend for your business.
3 Walmart Net 30 Alternatives
1. The Sam’s Club Business Mastercard
You may not be able to get net 30 terms with Walmart. However, you can get a credit card with the next best thing: The Sam’s Club Business Mastercard.
A subsidiary of Walmart, Sam’s Club offers many of the same products. However, they’re a wholesale club. Whether you’re buying office supplies or electronics, you can get things cheaper in bulk at Sam’s Club for your business.
That being said, the Sam’s Club Business Mastercard doesn’t just work there. The Sam’s Club Business Mastercard works at Walmart as well. This allows you to make the most of your card at both retailers nationwide.
It’s the best credit card if your sights were set on shopping at your Walmart store or online.
The Sam’s Club Business Mastercard offers a host of perks that small business owners will love. These include payment terms and benefits such as:
- 5% cash back on gas. This might be perfect for those who drive around frequently as part of their operations. Just keep in mind that they cap it at $6,000. Once you reach that threshold in your payment history, the cash back percentage drops to 1%.
- 3% cash back on spending at restaurants
- 1% cash back on other eligible purchases
- No annual payment needed to use your card
- No personal guarantee
The goal of using the net 30 account with Walmart was to build credit and payment history.
Can you boost your score and build credit history with the Sam’s Club Business Mastercard?
Absolutely.
The Sam’s Club Business Mastercard reports to Experian Business and Equifax Business. Reporting to two major business credit bureaus will help build business credit fast.
The only downside is the high APR attached to their payment terms. The APR attached to your card is either 20.40% or 28.40%, depending on the account type you apply for.
Still, it’s an excellent financing and credit-building resource for your business.
2. Amazon Business Net 30 Account
Walmart may not offer a net 30 account anymore. However, there are many net 30 accounts that are similar in nature. One alternative that you could consider is the Amazon Business net 30 account.
It’s important to note in advance that the Amazon Business Net 30 account is one of the few net 30 accounts out there that doesn’t report to any major business credit bureau.
This means that transactions will not build credit or establish credit history.
The Amazon Business net 30 account is relatively straightforward. You purchase something, and then you pay by invoice 30 days later.
Amazon is one of the biggest online stores in the world. So if you’re looking for a company with as wide a selection of products as Walmart, this is one of the only places that has it.
Since this net 30 account doesn’t offer credit-building benefits, you don’t need to feel restricted by the 30 day payback period. Amazon offers other payment terms as well.
If you have a Business Prime membership, you can apply to extend payments up to 45 days under the Small or Medium plans. With the Enterprise plan, you can apply for net 60 terms.
If cash flow is your main issue, the Amazon Business net 30 account will serve its purpose. If you’re trying to build credit and boost cash flow with vendor credit, consider other net 30 accounts.
There are plenty of tier 1 business credit vendors and tier 2 business credit vendors to choose from.
3. Costco Business Credit Card
Are you a fan of wholesale clubs like Sam’s Club? If so, there’s another credit-building and financing solution you can add to your list: the Costco Anywhere Visa Business Card.
The Costco business credit card is offered by Citi. As with Sam’s Club, you will need a membership to apply.
It also offers many of the same perks, including:
- 4% cash back on gas and EV charging (at eligible locations) up to $7,000 per year. After you’ve reached that limit across your payment history, this perk will then drop to 1%.
- 3% cash back on restaurant spending and eligible travel. Costco Travel is an excellent example of where you can use this perk.
- 2% cash back on all purchases from Costco or Costco.com
- 1% cash back on all other purchases
- No annual fee
- Additional benefits that are extended to you as part of opening a Costco business credit Card, such as damage and theft purchase protection, lost baggage protection, travel accident insurance, and more.
As with most business credit cards, the APR is a little high. You may receive anywhere from 19.74% – 27.74% variable APR depending on your credit score.
This business credit card reports to major credit reporting agencies as well. The Costco Anywhere Visa Business Card reports to Experian Business and Dun & Bradstreet. This trade credit will be sufficient to build business credit.
Overall, it’s an excellent card if you shop at Costco frequently and want to build business credit.
Start Your Credit Journey Here With Credit Suite
If you were planning on building business credit with a Walmart net 30 account, it can be disappointing to discover that they don’t offer it anymore.
But you won’t run into that issue when you look for credit-building opportunities with Credit Suite.
Credit Suite’s Fundability System offers one of the most comprehensive lists of net 30 vendor accounts, lenders, and other business credit accounts.
We help you identify funding opportunities that you pre-qualify for. No matter where you are in your business journey, we’ll support you.
Our step-by-step system helps you identify issues in your approach, learn more about business credit and financing, and provides you with the resources needed to grow your business credit score and business credit history while funding your business and scale seamlessly and quickly. Business credit and funding can be challenging for any new business owner. But it doesn’t have to prevent your business from moving forward. Get started with our Fundability System today to discover how it can bolster your business.
