Walmart Rewards Mastercard Review

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by Enoch Omololu


Advertiser Disclosure

Walmart shoppers in Canada earn rewards when they shop online or in the store using the store’s own-branded credit card.

The Walmart Rewards Credit card is a no-fee card offered by the retail giant and you can use it to earn Walmart Reward Dollars plus a welcome bonus when you first sign up.

This review of the card outlines its benefits, downsides, and alternative cash back credit cards.

Walmart Rewards Mastercard – At a Glance

Rewards: Earn 1.25% cash back at Walmart and 1% cash back everywhere else.

Interest rates: 19.89% for purchases and 21.49% for cash advances.

Annual fee: $0

Min. income required: N/A

Walmart Rewards Mastercard Benefits

1. No Annual Fee: If you are looking for a no-frills cash back credit card and do a majority of your shopping at Walmart, this card is worth looking at.

It does not have an annual fee, so you won’t have to worry about having to pay a fee for simply having the card in your wallet.

2. Cash Back Rewards: The Walmart Rewards Mastercard offers a 1.25% cash back rate when you make purchases at a Walmart store or online at

When you use your card to pay for purchases outside of Walmart, you earn cash back at a 1% rate.

The cash back rewards offered by this card are not shabby, however, you could enjoy better all-around rewards with this list of Walmart Credit Card alternatives.

3. $25 Welcome Bonus: New cardholders can get up to $25 in Walmart Reward Dollars as follows:

  • Get $15 when you make two qualifying purchases with your card within 30 days (one purchase at Walmart and the second elsewhere)
  • Get $10 when you sign up for electronic statements

You can redeem your Walmart Reward Dollars to pay for purchases at Walmart (in-store or online) starting at a minimum of $5.

Downsides of the Card

This Walmart Mastercard does not offer access to free insurance coverage or benefits.

Also, you can only redeem your cash back rewards by making a purchase at Walmart. There is no option to use it to pay off your statement balance.

Walmart Rewards Mastercard Alternatives

Credit cards that pay a higher cash back rate on grocery purchases include:

1. Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card offers up to 2% unlimited cash back on spending in up to three categories including groceries, restaurants, gas, recurring bills, entertainment, drugstore, and more.

  • Annual fee: $0
  • Cash back required: Up to 2%
  • Minimum income required: $12,000
  • Extra perks: Free purchase protection and extended warranty coverage

This card is easy to qualify for and only requires a minimum personal income of $12,000 per year. A third 2% cash back category is offered when you open a Tangerine Savings Account to deposit your cash back rewards.

Get this Tangerine Credit Card.

2. SimplyCash Card from American Express

The SimplyCash Card from AMEX gives you a flat 1.25% cash back on all purchases. This means you enjoy an additional 0.25% compared to the Walmart Rewards Mastercard when you shop outside of Walmart.

  • Annual fee: $0
  • Cash back rewards: 1.25%
  • Minimum income required: N/A
  • Extra perks: Travel accident insurance, purchase protection, and extended warranty coverage

Learn more details about this card in this SimplyCash Card from American Express review.

Walmart Rewards Mastercard Review


The Walmart Rewards Mastercard offers up to 1.25% cash back rewards when you shop at Walmart. This review covers its benefits, downsides and alternative credit cards.


  • $25 welcome bonus
  • Up to 1.25% cash back
  • No annual fees


  • Can only redeem for Walmart purchases
  • Offers no insurance 

Best Credit Offers this month

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories.

Get 0.5% unlimited cash back on all other purchases.

Get 15% bonus cash back in first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Free prepaid reloadable Visa card.

Access to a portion of your paycheque 3 days early.

Free budgeting app with automatic savings features.

Credit building available with a subscription.

1.20% savings interest on every dollar balance.*

Get the best rates from multiple lenders.

Borrow up to $50,000 regardless of your credit score.

Pre-approvals available in as fast as 5 minutes.

Low interest rates starting at 9.9% (or 1.90% for auto loans).

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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