Walmart (WMT) has launched two new credit cards in partnership with Capital One that will reward customers that shop at Walmart stores, online at Walmart.com, and with other retailers.

Under the new rewards program, Walmart is offering the Capital One Walmart Rewards Mastercard that will be available to consumers beginning on Sept. 24. The card can be used at Walmart as well as at other retailers, offering five percent back on purchases at Walmart.com, including its Grocery Pickup and Delivery service.

An additional five percent back is also offered with the card at Walmart stores when using Walmart Pay for the first 12 months of opening the card as a special introductory offer. Following the introductory offer period, the card will pay two percent back on in-store purchases.

Cardmembers will also receive two percent back on restaurant and travel purchases and one percent back on everything else purchased with the card. Rewards can be redeemed for travel, gift cards, during online checkout when shopping on Walmart.com, for recent purchases, and as a statement credit. The credit card also has no annual fee or foreign transaction fees.

The credit card can be applied for at Walmart.com or CapitalOne.com or via a mobile device. Card access will be granted immediately for approved customers. The credit card can also be loaded into the Walmart app for use with Walmart Pay to make purchases in-store and online immediately.

“Walmart’s mission has always been to help customers save money so that they can live better, and our new credit card program—which both helps customers earn more when paying for things in and outside of Walmart, and offers many other incredible benefits—is squarely aligned with that mission,” Daniel Eckert, senior vice president, Walmart services and digital acceleration said.

“As our company has evolved to serve customers shopping in stores, online, and on the Walmart apps, we also recognized the need to fully digitally enable the cardholder experience; that’s why we’ve worked with Capital One to make it possible for cardholders to manage essentially every interaction with the program right from the palm of their hands.”

Walmart also introduced the Walmart Rewards card that offers the same five percent back on purchases made on Walmart’s website and through its app as well as the five percent introductory offer for 12 months, and unlimited two percent back at Walmart stores and Walmart Fuel Stations.

Current Walmart credit cardholders will receive a Capital One Walmart Rewards Mastercard or Walmart Rewards card by mail starting in November. Rewards with for current Walmart cardmembers will start on Oct. 11.

Shares of Walmart stock were up 0.58 percent as of 11:37 p.m ET on Wednesday.

Walmart Pictured: The Walmart logo is displayed on a shopping cart at a Walmart store on August 15, 2013 in Chicago, Illinois. Photo: Scott Olson/Getty Images