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It seems like every major retailer has its own credit card offer, and Walmart is no exception. Considering the fact that you can get much of your shopping done all in one spot with Walmart — including groceries, clothing, and household goods — it might make sense for you to have a Walmart credit card in your wallet. It does promise to reward you with points with every shopping excursion you make at the department store.

If you do a lot of your shopping at Walmart and are looking for a rewards credit card to add to your arsenal of banking products, then perhaps a Walmart Rewards Mastercard may be worth looking into. This no-fee card not only rewards you when you shop in person at brick-and-mortar Walmart stores but also online at 

Let’s take a closer look at the Walmart Rewards Mastercard to help you decide if it’s worth applying for. 

Check out how a credit card can improve your credit score.   

Walmart Rewards Mastercard Rewards System

Every Walmart Rewards Dollar earned is the equivalent of $1 at Walmart. The Walmart Rewards Mastercard allows you to earn 1.25% on every dollar spent at all Walmart locations and online at You can also earn 1% on every dollar spent at participating gas stations and for all other purchases. 

There is also a welcome bonus to help you get a head start on collecting points. When you first sign up, you’ll receive up to $25 in rewards. The first $15 is rewarded after you make at least 2 qualified purchases over the first month, with at least one purchase made at Walmart. The last $10 can be earned by signing up for e-statements within 2 billing periods.

Keep in mind that your Walmart reward dollars can only be spent at Walmart and cannot be redeemed for purchases from any other retail chain. That said, you’re free to use your Walmart Rewards Mastercard anywhere that accepts a Mastercard, so you can earn points no matter where you use the card. 

Pros And Cons Of The Walmart Rewards Mastercard


No Annual Fee

Credit cards often come with some sort of annual fee, some of which can be well over $100 or more. With the Walmart Rewards Mastercard, you don’t have to worry about any pesky annual fees creeping up on you every year.

Free Secondary Cards

You can add supplementary credit cards to authorized users on your account for free. 

Sign-Up Bonus

You can earn up to $25 in Walmart Rewards when you first take out the credit card.

Rewards Can Be Redeemed For As Little As $5

You don’t have to wait until you’ve collected hundreds of dollars worth of Walmart rewards points before you can redeem them. With this card, you can redeem them in as little as $5 increments. Plus, the points never expire as long as your account is active.

Zero Liability Protection

Your credit card is protected against any transactions that you do not authorize, so you won’t be on the hook to cover any fraudulent purchases.

Mastercard Global Services

Get emergency cash and replace your credit card if it’s lost or stolen any time of the day or night, anywhere in the world.  

Purchase Assurance

Protect eligible purchases made on your credit card against theft, loss, or damage over the first 90 days from the date of purchase. 

Extended Warranty

Double the manufacturer’s warranty to have a product repaired or replaced for an additional year for purchases made with the Walmart credit card. 

Low Income Requirement

To be eligible for the Walmart Mastercard, you only require a minimum annual income of $12,000.


Rewards Can Only Be Redeemed At Walmart

While points can be accumulated no matter where you use your Walmart Rewards Mastercard, they can only be redeemed at Walmart stores or on

Check out some of Canada’s best Aeroplan credit cards

No Free Insurance Products

The Walmart Rewards Mastercard doesn’t offer free insurance coverage. 

Foreign Currency Conversion Fee

If you make purchases in foreign currencies, you’ll be charged a 2.5% rate.

Fees And Costs Of Owning A Walmart Rewards Mastercard

There may be certain fees associated with the Walmart Rewards Mastercard if you carry a balance and make purchases in foreign currencies. Like any other credit card, it’s important to understand the potential fees that they may come with. When it comes to the Walmart Mastercard, here are the fees you can expect:

The Walmart Mastercard has both a standard and preferred rate. If you apply for the preferred rate, you will automatically be considered for the standard rate card as well. Note: The standard rate card is not available to Quebec residents, they will only be considered for the preferred rate card.

  • Annual fee: $0
  • Supplementary cards: $0
  • Purchase interest rate: 26.99% (standard rate card), 20.89% (preferred rate card)
  • Cash advance interest rate: 27.99%, 22.97% (preferred rate card)
  • Foreign exchange fee: 2.5%

Do you have too much credit card debt? Here are 8 steps to reduce your credit card debt.

Walmart Rewards Mastercard Overview

Annual Fee$0
Minimum Income Requirement$12,000/year
Purchase APR26.99% – standard rate card
20.89% – preferred rate card
Cash Advance APR27.99% – standard rate card
22.97% – preferred rate card (21.97% for QC residents)

Walmart Rewards Mastercard Eligibility Criteria

To qualify for a Walmart Rewards Mastercard, you must:

  • Be a Canadian resident 
  • Be the age of majority in your province
  • Earn a minimum of $12,000

Final Thoughts

If you’re a frequent Walmart shopper, then you may be interested in a credit card that allows you to accumulate points that can then be redeemed if you shop at Walmart, both online and in person. It’s also a great card because of it’s zero annual fee, extended warranty offering, and purchase protection. If you prefer to have a rewards card that allows you to earn points that can be redeemed at other retailers, then you may want to consider other no-fee rewards cards. 

Lisa Rennie avatar on Loans Canada
Lisa Rennie

Lisa has been working as a personal finance writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same.

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