In March 2025, we’re introducing OnePay Rewards, a new way to earn and redeem with One. We will continue offering rewards at Walmart, gas stations, and top brands, now in the form of OnePay Points, which can easily be redeemed for cash back directly into a One Cash account through the One app.
Look out for more details about these upcoming changes (and a double points promotion) closer to launch.
How will OnePay Rewards work?
Eligible transactions made by One Cash and OnePay Wallet customers will earn OnePay Points through the rewards program. You can redeem these points for cash back directly into a One Cash account through the One app.
When will these changes go into effect?
In March 2025, the same time as our name change to OnePay. More details (including the exact date of the change) will be available closer to launch.
Will I still earn cash back at Walmart?
Yes, customers with One Cash+ benefits will still earn 3% cash back at Walmart, on up to $150 spent each month (changing from a max of $50 earned per year). With OnePay Rewards, cash back will be earned as OnePay Points, which can be redeemed into a One Cash account. We will also be adding new ways for customers without One Cash+ benefits to earn at Walmart.
How will I redeem my OnePay Points for cash back?
Instead of earning cash back directly to Savings, customers will now earn OnePay Points, which can easily be redeemed for cash back directly into a One Cash account through the One app. You can redeem for cash back into your Savings or Debit.
How much will OnePay Points be worth?
In general, 100 OnePay Points will be redeemable for $1 in cash back. More details on the redemption value of earned points and how the number of points earned on purchases are calculated will be available closer to launch.
Will I lose any cash back I have earned already?
No. For customers with a One Cash account, you currently earn cash back directly to Savings, and no earned cash back will be lost or reversed due to this change. For OnePay Wallet customers without a One Cash account, if you have unredeemed cash back at the time of the change, it will automatically be converted to OnePay Points. The redemption value of your cash back will not change.