Christmas Season Layaway Policies – WalMart vs. Kmart

Christmas Season Layaway Policies – WalMart vs. Kmart
Will you be using Layaway services this Holiday Season? You should know your options and what the store policy is regarding Layaway terms. Below you will find the store terms for both Walmart and Kmart.

Walmart Layaway Policy
  • 9/16 – 12/14
  • In Stores Only
  • Down Payment: $10 or 10% whichever is greater
  • Open Fee: $5 – refundable to a Wal-Mart gift car upon full payment
  • Minimums: Total purchase must be over $50, Individual Item $15 or more
  • Cancellation Fee: No information
  • Cancellation Policy: Item will be returned to inventory, down payment & payments refunded, open fee is not refundable.
  • No Service Fee
  • Final Payment and Pick Up must be made at store of original layaway initiation or account will be canceled.
  • Payments can be made at any register.
  • Products: Toys, electronics, small appliances, jewelry & select sporting goods.
  • Excludes wireless phones requiring contracts.


  • 8 & 12 Week Contracts
  • Layaway contracts are 8 weeks purchases of $300 or more have a 12 week option available in store only, not available at all locations
  • In Stores Layaway & Online Layaway
  • Down Payment: $15 or 10% whichever is greater for 8 week contract
  • $30 or 10% whichever is greater for 12 week contract
  • Fees: 8 week contract $5 service fee 12 week $10 service fee
  • Cancellation: payments refunded minus the service and cancellation fees
  • Cancellation fees: 8 week $10 12 week $20
  • Payments: Payments can be made at any cash register and online.
  • 8 week contracts have 4 easy bi-weekly payments and 12 week contracts have 6 bi-weekly payments.
  • Late payments: 7 day grace period after payment due date before your contract is canceled.
  • Products: Labeled and identified as “Available for Layaway   
Does your family use Layaway Services?
Now that you have this information, which store will you be using?

#Christmas Season #Layaway Policies – Walmart vs. Kmart Which is Better? via Moms Bookshelf & More —>
— Miranda Sherman (@MirandaSman) September 22, 2012

About Miranda Sherman

Miranda Sherman is a stay at home Mom of four & full time student majoring in Business Management & Marketing from Detroit Lakes, Minnesota. She blogs about her crazy family of six & two dogs on her blog Minnesota Miranda, featuring book and product reviews, giveaways, news, parenting tips and advice, shopping, recipes, fashion, travel, deals and so much more.” Find me on Google+


  1. KMART!!! We used Kmart layaway for back to school clothes shopping. It was easy to use plus they gave us 5% off for using their layaway for back to school! =)

  2. I’ll be using Kmart again eventhough they lost my layaway last year.
    The kicker for me is that Wal-Mart has the $15 per item. A lot of the items I pick up are under that.

  3. I’d rather just buy what I can afford when I can afford it.

  4. Right now Kmart is waiving their open fees.

  5. I had a little trouble understanding right away, but I think I know what meant now. Thanks!
    walmart oil change coupon

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