Fairstone Bank of Canada
No annual fee, 3% back in rewards at Walmart, 1% elsewhere, $25 welcome bonus on $75 first purchase, 21.89% interest rate.
The Walmart Rewards Mastercard, issued by Fairstone Bank of Canada, is a compelling no-fee cash back credit card for Canadians. Offering 3% back in rewards on Walmart shopping and 1% elsewhere, the card stands out with its competitive earning structure. Cardholders benefit from a preferred interest rate of 21.89%, with no disclosed minimum or maximum credit limit in the provider details. However, the clear highlight is the welcome bonus of $25 in Walmart Reward Dollars after spending $75 at Walmart within your first month after approval.
How to Apply for the Walmart Rewards Mastercard
To apply, visit the Walmart Rewards website and select the Mastercard you prefer. Complete the application form with your personal and financial details.
Once the required information is submitted, you will undergo a credit assessment. Approval is typically fast, and you could have a response within moments.
If approved, you’ll receive your new Walmart Rewards Mastercard by mail. Follow the activation instructions to start using your card and earning rewards immediately.
Spend at least $75 at Walmart within the first 30 days to unlock the $25 welcome bonus, which will be applied to your rewards account.
Key Benefits
The Walmart Rewards Mastercard helps you save noticeably on household essentials. Earn 3% back on all Walmart purchases — in-store and online — plus 1% back on spending at other locations.
No annual fee means you keep more of your money while getting rewarded for spending on everyday needs. Flexible reward redemption is available at Walmart stores and online.
Cardholders are also eligible for free Delivery Pass months on qualifying annual subscriptions, enhancing the value for frequent Walmart shoppers. This makes everyday shopping and savings even more accessible.
Potential Drawbacks
The 21.89% interest rate, while typical for retail credit cards, means carrying a balance could become costly. Always pay your statement in full when possible.
Walmart Reward Dollars can be used solely at Walmart, so redemption flexibility is limited compared to some cards that offer universal cash back or travel points.
Our Verdict
With no annual fee, strong rewards for Walmart purchases, and an easy-to-reach welcome bonus, the Walmart Rewards Mastercard is a sound option for Canadian families. If you frequently shop at Walmart and can pay your balance off monthly, the cash back and bonus will add up nicely.
