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Walmart Rewards Mastercard review

Get a $15 welcome bonus, with an additional $10 for choosing paperless statements.

The Walmart Rewards Mastercard offers a 1.25% return on all in-store and online Walmart purchases, with a 1% return on everything else. As an added bonus, there’s no annual fee and you can start saving from the moment you sign up with a $15 welcome bonus (on top of another $10 for choosing paperless statements).

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19.89%

Purchase Interest Rate

$0

Annual Fee

Details

Product NameWalmart Rewards Mastercard
RewardsEarn 1.25% cashback online and in-store at any Walmart store in Canada, and earn 1% cash back at gas stations and everywhere else.
Welcome OfferGet up to $25 in bonus Walmart Reward Dollars.
Purchase Interest Rate19.89%
Cash Advance Rate22.97%
Balance Transfer RateN/A
Interest Free Period 21 days
Apply now
More Info

30-second take

  • Get the Walmart Rewards Mastercard card if you’re a regular Walmart shopper and want to earn extra points towards in-store and online purchases.
  • Choose something else if you’re looking for a cashback program or you want a higher return on gas, groceries and other everyday purchases.
  • You must have a minimum annual household income of $100,000 to qualify for this card.

The basics

If you’re a repeat customer at Walmart, and you want to earn reward points to put towards future purchases, then the Walmart Rewards Mastercard might be the right fit for you. It comes with no annual fee, and you’ll earn 1.25% on all Walmart purchases (including groceries), with a 1% return on everything else.

How do I earn Walmart Rewards?

Each time you use your Walmart Mastercard at Walmart stores, the credit card reader will indicate how many Walmart Rewards Dollars you have earned and can redeem. When shopping online at Walmart.ca, just select your Walmart Rewards Mastercard as your payment method to earn rewards with all your Walmart purchases.

The Walmart Rewards Mastercard is particularly useful if you’re planning to make a large purchase at Walmart, and you want to get the most out of your money. If you spend $1,000 on a new couch or lawnmower, for example, you’ll earn $12.50 in Walmart dollars. Same goes for that $3,000 flat screen, which will net you almost $40 in points.

How do I redeem Walmart Rewards?

You can redeem your Walmart Reward Dollars at the register or online with as little as $5 in Walmart Reward Dollars, or you can save up enough to treat yourself to something special. Just select your Walmart Rewards as your payment method.

The perks

  • Zero fees. Maximize your savings with no annual fee on this Walmart Mastercard.
  • Introductory offer. Get a $15 welcome bonus, with an additional $10 for choosing paperless statements.
  • Priceless city promotion. Take advantage of a number of hot-ticket discounts along with special access offers for a wealth of experiences unique to Mastercard holders.
  • Complimentary concierge service. Call the 24/7 concierge for help booking dinner reservations, tickets for in-demand shows or any other events or entertainment on your itinerary.
  • Unlimited free cards. Avoid paying a fee for additional cards.
  • Online account. Manage your balance and payments in one easy-to-use online portal.
  • Secure service. Feel safe with Mastercard’s anti-fraud Zero Liability Protection.

What to watch out for

  • Walmart-exclusive. You have to use your points at Walmart, and you can’t exchange them for cashback.
  • Low return. Many other cashback and points cards offer a higher return.
  • Regional exclusions. This card isn’t offered to residents of Quebec.
  • Extras cost more. You will need to pay $0.95 per $100 to get balance protection, as well as $3.99 per month for purchase/extended warranty protection.

What should I know before I apply for the Walmart MC

How to apply for the Walmart Mastercard

  1. Click Go to site on this page to be securely directed to your Walmart Rewards Mastercard application.
  2. Read through the Disclosure Statement details and click Accept & Continue.
  3. Complete the application with details that include your name, email address, social insurance number and birth date.
  4. Review and submit your application.

Compare the Walmart Rewards Mastercard with other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
Scotiabank Passport Visa Infinite Card
35,000 points
Up to 2 points per $1 spent
19.99%
$139
Min. recommended credit score: 750
Earn up to 35,000 bonus Scene+ points in your first year (that’s up to $350 towards travel). Apply by July 4, 2022.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn an extra 10% cash back (up to $100) on up to $1,000 of everyday purchases in the first 2 months Until May 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
Simplii Financial Cash Back Visa Card
10% cash back
Up to 4% cash back
9.99% intro APR for the first 6 months, 19.99% thereafter
$0
Min. recommended credit score: 650
Get 10% bonus cash back at eligible restaurants and bars for the first 4 months (up to $500 spend). Plus, get a 9.99% introductory annual interest rate on purchases for the first 6 months.
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by September 16, 2022.
Scotiabank SCENE Visa Card
5,000 points
Up to 5 points per $1 spent
19.99%
$0
Min. recommended credit score: 660
Earn 5,000 bonus Scene+ points when you spend a minimum of $750 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by August 31, 2022.
OFFER
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn an extra 10% cash back (up to $100) on up to $1,000 of everyday purchases in the first 2 months Until May 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 24.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 1% cashback guaranteed.
RBC Rewards+ Visa
3,500
Up to 2 points per $1 spent
19.99%
$0
Min. recommended credit score: 650
Earn up to 3,500 RBC Rewards points by going digital in the first 60 days.
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Bottom line: Walmart Rewards Mastercard

The Walmart Rewards Mastercard is a no-fee, no-frills customer loyalty credit card. It offers a 1.25% return on purchases made in-store or online at Walmart, and 1% everywhere else. You can take advantage of a $25 welcome bonus and a couple of added benefits like access to exclusive events and Zero Liability Protection right off the bat, but you’ll need to pay more for features like balance protection and extended warranty coverage.

Frequently asked questions about the Walmart Rewards Mastercard

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