Pros & cons
Pros
- Up to 3% back on purchases.
- No annual fee.
Cons
- Rewards can only be used in Walmart stores.
- No insurance included.
Your rewards
Getting your welcome bonus
Based on $3,000 in monthly spending, you can get up to an estimated $25.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Walmart Rewards Mastercard, here's how you earn rewards:
- 3% back in Walmart Rewards at Walmart
- 1% back in Walmart Rewards on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For Walmart Rewards Mastercard in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Walmart stores | $396 |
Calculating your annual rewards
$36,000 annual spending x 1.10% return on spending = $396 annual rewards
$396 annual rewards − $0.00 annual fee = $396 net annual rewards
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1x Award Winner
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- N/A
- Annual Fee
- $0.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance Δ
- 22.99%
- Balance Transfer Δ
- 22.99%
Genius Rating
Walmart Rewards Mastercard's 3.2 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Mastercard
GC: $150
Walmart Rewards Mastercard review
Frequent Walmart customer? It's one of Canada's largest retailers, so there's a good chance you do at least some of your shopping there.
Walmart Financial also issues Mastercards. The Walmart Rewards Mastercard lets you earn Walmart Rewards on purchases everywhere and use them to save when shopping at Walmart.
Here's what it has to offer.
Walmart Rewards Mastercard – earning rewards
With the Walmart Rewards Mastercard, you can earn Walmart "money" on all your purchases – no matter where you shop. With this card you'll earn:
- 3% back in Walmart Rewards at Walmart
- 1% back in Walmart Rewards on all other purchases
The rewards you earn can be redeemed for purchases at Walmart registers (including Walmart Supercenters) and online. If these are your preferred places to shop for groceries, earning these rewards is an easy way to save quite a few bucks.
1 Walmart Rewards Dollar = $1 to spend at Walmart
Just note that you have to redeem the rewards in $5 increments.
2 benefits of the Walmart Mastercard
On top of earning easy-to-use Walmart Dollars on purchases, here are a couple of other things to like about the card.
1. No annual fee and low income requirements
It's an easy credit card to add to your wallet. It has no annual fee, so it won't cost you anything to keep it around.
It also has no minimum income requirements, which is one less barrier to entry for anyone to worry about.
2. Walmart Mastercard welcome bonus
Want a kickstart to your Walmart Rewards balance? The welcome bonus is pretty easy to get.
You can earn 25 Walmart Dollars by making a single-receipt purchase worth at least $75 (taxes included) at a Walmart Canada location or walmart.ca. Just ensure that you:
- Charge the purchase to your Walmart Rewards Mastercard
- Complete the transaction within 30 days of your application approval
The $25 should appear in your Walmart Rewards account within 5 business days of the purchase. Just note that you can't combine the welcome bonus with any other Walmart offer or promotion.
2 downsides of the Walmart Rewards Mastercard
On the other hand, here are a couple of things to be aware of.
1. Rewards can only be redeemed at Walmart
When it comes to redeeming your rewards, you've only got one choice – Walmart, either in-store or online.
But it's not the worst place to have to redeem your rewards. There's sure to be something you need at a Walmart, even if it's just something basic like groceries.
2. No insurance included
There's also no insurance included at all. Even the usual credit card coverages, like extended warranty and price protection insurance, aren't available with the Walmart Rewards Mastercard.
Comparison to the SimplyCash Card from American Express
There are other no-fee credit cards you can take a look at that will offer the same level of rewards or better.
One of them is the SimplyCash Card from American Express – here's how it compares.
| Walmart Rewards Mastercard | SimplyCash Card from American Express | |
|---|---|---|
| Earn rates | * 3% back in Walmart Rewards at Walmart * 1% back in Walmart Rewards on all other purchases | * 2% cash back on gas * 2% cash back on groceries (up to $300 cash back annually) * 1.25% cash back on all other purchases |
| Insurance included | 0 types included | 3 types included |
| Annual fee | $0 | $0 |
| Income requirements | None | None |
| Type of rewards | Walmart Dollars | Cash back |
There's really no comparison between these 2 credit cards. The SimplyCash card offers more rewards on purchases, includes some basic insurance, and is a cash back credit card. The rewards you earn will be used to pay your credit card bill once per year.
Any downside? Well, it is an Amex, so there is the occasional acceptance issue. But other than that, the SimplyCash card is superior in just about every way.
Another set of credit cards that are excellent at Walmart Supercentres are Mastercards with grocery bonuses. Mastercard considers Walmart Supercentres as grocery stores, so you'll be able to earn bonus rewards. And this will apply to most Walmarts nationwide, since there are very few regular Walmarts in Canada.
Here are a few no-fee Mastercards with grocery store bonuses:
Leave a review
These are our thoughts on the Walmart Mastercard, but what are yours?
If you have this card, or have had it in the past, leave a user review so others can see what you thought of it.
FAQ
What does the Walmart Rewards Mastercard earn for rewards?
The Walmart Mastercard earns Walmart Rewards Dollars on every purchase at these rates:
- 3% back in Walmart Rewards at Walmart
- 1% back in Walmart Rewards on all other purchases
What can Walmart Rewards Dollars be used for?
Walmart Rewards Dollars can be used towards almost any purchase made either in-store at any Walmart or online at Walmart.ca. Each Walmart Dollar is worth the same as a regular dollar, and they have to be redeemed in $5 increments.
What are the annual fee and income requirements of the Walmart Mastercard?
The Walmart Mastercard has no annual fee or income requirements.
What are some alternatives to the Walmart Rewards Mastercard?
There are quite a few no-fee cash back credit cards that can provide better rewards than the Walmart Rewards Mastercard.
They are:
- SimplyCash Card from American Express
- Tangerine Money-Back Credit Card
- BMO CashBack Mastercard
- RBC Cash Back Mastercard
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User reviews
Reviewed by 47 Canadians
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Such a scam. Customer service is horrific and they will lover your credit limit, so that they make money when you go over your limit. They will also tell you that you are able to change it anytime, but never let you increase your limit back to what you originally had.
Reward is very good and adss up but customer service is ridiculous. Hope you never need to call customer service number on the card.
Customer service is terrible (draw your own conclusions). I asked for a’limit’ so that no one could abuse, etc. but all they do is let it go over the limit you put on it and CHARGE you for the privilege. A predatory monetary practice. .check out this practice before you get a card.
I was charged $484.00 for a transaction I did not authorize. Despite being a loyal customer for over five years, the company chose to believe the fraudulent party instead of me. I was shocked and extremely disappointed.
In an era where personal information is widely exposed and frequently used to scam people, Walmart decided to side with the scammers rather than protect their customer. Please be aware of this when signing up with them and proceed with caution.
Not even worth a star. It is a trap, do not recommend it to anyone. It is when you cancel the card, even after you pay it off, that people send me harassing calls from spam numbers to pay off the card. I have now blocked the numbers. I have paid off my card and closed the card, but I still get calls. The main reason I closed the card is that there were fraudulent transactions that were not made by me. I disputed it so many times. They do not send any details via email; we have to wait for a mailed copy to get proper clarification. I would not recommend taking this card. When you purchase at Walmart, just pay for your purchase with another card.
