Walmart Rewards Mastercard
No annual fee, earn 3% back at Walmart, 1% elsewhere, 21.89% interest, plus a welcome bonus. Redeem rewards anytime at Walmart stores/online.
The Walmart Rewards Mastercard is a compelling choice for Canadian shoppers seeking solid rewards with no annual fee. The card offers a 21.89% interest rate and cardholders can earn 3% Walmart Reward Dollars on purchases made at Walmart stores or online at Walmart.ca. Beyond that, you receive 1% back on other purchases made everywhere else Mastercard is accepted, maximising rewards potential day to day. New cardholders will be happy to see a $25 bonus Reward Dollar when they spend at least $75 at Walmart within the first 30 days, making it easy to get started.
How to Apply
- Ensure you meet basic requirements: Canadian residency and age of majority in your province.
- Complete the straightforward application form either online or in-store.
- Wait for approval, which is often received within minutes online.
- Once approved, you’ll get your card and can start earning rewards immediately.
Pros of the Walmart Rewards Mastercard
One significant benefit is the absence of an annual fee, making this card accessible for most shoppers. The 3% reward at Walmart, on top of everyday low prices, translates into real savings.
Additionally, the $25 welcome bonus is a great way to kickstart your rewards journey, and redemption is easy—Rewards Dollars can be used for anything sold at Walmart. Consistent earn rates outside Walmart mean everyday spending also pays off.
Cons of the Walmart Rewards Mastercard
The interest rate of 21.89% is on par with many rewards credit cards, so carrying a balance is not recommended. Also, the best rewards are limited to Walmart purchases, while other spending earns at a lower 1% rate.
Another con is that reward dollars can only be redeemed at Walmart, so customers looking for flexible redemption might find this limiting.
Verdict: Is the Walmart Rewards Mastercard Worth It?
This no-fee card stands out for frequent Walmart shoppers, offering accelerated rewards and valuable perks with minimal restrictions. For anyone loyal to Walmart, the savings add up quickly.
If you regularly shop at Walmart and want a simple, rewarding card with useful benefits and a generous welcome offer, this card is a practical and rewarding choice.
