MyWalgreens Credit Card Review, Activation, Application

Did you recently receive your MyWalgreens Credit Card? Are you now confused about how to activate it? Worry not. In today’s article, we will list the entire MyWalgreens Credit Card Activation and Application process along with its benefits, disadvantages, and reviews. So, what are you waiting for? Let’s begin.

About MyWalgreens Credit Card:

MyWalgreens Credit Card is a wonderful credit card that you can use to shop from anywhere and everywhere, be it your local grocery store or the biggest supermarket in your area. When you use your MyWalgreens credit card to make a purchase, the MyWalgreens credit card issuer levies a transaction fee to the vendor, such as your local pharmacy. Transaction fees normally vary between 2% and 4% of the entire transaction value. Vendors effectively incorporate this expense in the item’s markup, passing the cost on to the customer in some manner. Before you get upset that Walgreens and Synchrony Bank profit from your basic healthcare needs, keep in mind that the minimum 3 percent Walgreens cash reward this card generates on eligible health & wellness related transactions actually offsets the vendor’s transaction fee “markup” and returns the extra margin to credit cardholders.

You can earn 10% Walgreens Cash points on eligible Walgreens branded purchases, 5% on other eligible Walgreens brands & pharmacy purchases, 3% on eligible grocery and health & wellness purchases, and 1% anywhere Mastercard is accepted with the MyWalgreens card. The card offers few benefits; however, it does promise $0 fraud liability, free credit score access, and the opportunity to cashpoints instantly at Walgreens checkout.

Walgreens, in particular, sees the benefit in using a credit card to pay for health and wellness-related expenditures and groceries and suggests pairing it with a credit card that gives at least 2% cashback on all other transactions to optimize cash back earning. Keep in mind, though, that those prizes can only be utilized at Walgreens.

MyWalgreens Credit Card Review

Requirements for a MyWalgreens Credit Card?

To apply for the MyWalgreens Credit Card, you must be a MyWalgreens member. Joining is 100% free and straightforward!

• One person per MyWalgreens membership is eligible for the MyWalgreens credit card.
• You can apply for the MyWalgreens Credit Card today, either online or in-store at any Walgreens or Duane Reade location.
• Individuals must be at least 18 years old to apply.
• In addition, the individual must have a mailing address in the United States or one of its regions.

Also Read: Activate the Barclay Credit Card

MyWalgreens Credit Card Features:

The MyWalgreens Credit Card is a retail rewards credit card that assists Walgreens customers in saving money while shopping at the healthcare and medicine store brand. The Synchrony Bankcard provides up to 10% cash back on qualifying purchases made with Walgreens and other brands – with no annual fee.

We’ve highlighted a few benefits of the MyWalgreens Credit Card:

• You can earn 10% Walgreens Cash on qualifying Walgreens branded purchases.
• On all other qualified Walgreens brands and pharmacy purchases, you will get 5% Walgreens Cashback.
• You can earn 3% in Walgreens Cash on qualifying groceries and health & wellness purchases.
• Wherever Mastercard is accepted, Walgreens Cash rewards are 1%.

We will highlight some Pros and Cons in this section:

Pros:

• This is a fantastic chance to earn rewards on healthcare-related purchases.
• The card has no annual cost, which is a significant benefit.
• You can redeem your points anytime at the Walgreens checkout.

Cons:

• There are no notable extra advantages.
• There is no introductory APR offered, and incentives are exclusively accessible at Walgreens.

Earning Cashback with MyWalgreens Credit Card:

MyWalgreens Credit Card customers can also participate in the drugstore chain’s MyWalgreens rewards program. Existing customers get rewarded every time they use their Credit Card in a location where Credit Card is accepted.

Additionally, extra benefits are available for purchases made in specified categories and even with Walgreens brands (including Walgreens, Walgreens.com, and Duane Reade locations).

Healthcare, Wellness, and Grocery Benefits:

• Users gain 3% cashback on grocery plus health and wellness purchases outside of Walgreens, placing the card in competition with other multifunctional cash back cards.
• Every other major purchase with the Credit Card gives you 1% cashback.
• Credit Card is accepted all across the globe.

How does the Cashback on Walgreens Purchases program work?

Cardholders get 10% cashback on Walgreens’ own-brand purchases and 5% cashback on all other Walgreens brands and drugstore purchases. There are certain exclusions to these new cashback incentive categories, such as:

• Multiple item purchases involving prescriptions or pharmacy products or services at any Walgreens or Duane Reade store managed by Walgreens in Arkansas, New Jersey, or New York.
• Prescriptions and drugstore supplies can be purchased online and picked up at these locations. Prescriptions and pharmaceutical supplies can also be delivered to Arkansas, New Jersey, or New York addresses.

What are the Different Ways to Earn Rewards with MyWalgreens Credit Card?

• The MyWalgreens card earns 10% Walgreens Cash points on eligible Walgreens branded purchases, 5% on other eligible Walgreens brands including pharmacy purchases, 3% on eligible grocery and health & wellness purchases, and 1% everywhere Card is accepted.
• The number of awards that a cardholder can receive is limitless. Walgreen’s monetary prizes expire after 12 months, which begins on the day you receive them.
• Furthermore, qualifying cardholders who register an account and start their first purchase within 45 days will earn a $25 Walgreens Cash incentive.

Improved Understanding of the Reward Potential:

To calculate the Credit Card rewards potential, we must first determine how much the typical American family spends on credit cards each year. Forbes Advisor uses data from several government entities to create baseline income and expenditure averages across a wide range of areas. Our expenditure is based on the income of the 70th percentile of wage-earner families, which is $100,172 per year. According to Forbes Advisor, the family had $26,410 in credit card expenses. Given that a family’s $978 in pharmacy transactions are spent at Walgreens on Walgreens-branded products, the family will get $78.24 in Walgreens monetary incentives.

You will earn $20 in Walgreens reward money if you spend $400 at Walgreens pharmacies. Then you’ll get $239.48 in Walgreens cashback. If you charge $2,100 at healthcare providers and $5,687 at food stores, plus the remaining 20% of pharmacy sales. Other outstanding credit card purchases will result in a $172.45 cash incentive from Walgreens. Over the course of the year, you can earn a total of $510.17 in Walgreens cash rewards.

How Do I Redeem MyWalgreens Credit Card Rewards?

Please bear in mind that monetary rewards earned with the MyWalgreens card can only be redeemed at certain locations. Redeeming can be done in-store, online at Walgreens.com, or via the Walgreens app. You can simply redeem in denominations as well: $1, $2, $3, $4, $5, $10, $20, or $50 bills, with a daily maximum of $100.

MyWalgreens Credit Card activation:

Now that you’ve learned all about the MyWalgreens Credit Card. It’s time to learn about its activation procedure. Follow the steps below to activate your MyWalgreens Credit Card:

• Go to their official activation website, i.e., https://walgreens.syf.com/activate/load?clientId=walgreens&langId=en.
• Select your preferred language.
• Enter your information and card details including the last 4 digits of the SSN number.
• Click on Activate.

Finishing up

Thanks to the MyWalgreens credit card, you can renew prescriptions, refill medications, and make photo center purchases without incurring a transaction charge. Signing up is simple, and there is no application charge. Every purchase you make as a cardholder earns you points. You can exchange them for CVS store or online purchases, as well as cashback. So, that’s it for today, and we hope you enjoyed this article!