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Walmart Rewards Mastercard Review

Aug. 3, 2020
3 mins
A person taps their credit card on a point of sale terminal

Over 2.4 million customers shop in-store at Walmart locations and online at every day. It’s no wonder the retail giant is so popular. Walmart gives customers many choices to shop in-store and in the ever-growing online marketplace. Plus, customers can select from home delivery and several pickup options, making stocking-up on groceries a convenient and overall consumer-friendly experience.

Walmart has over 400 retail locations in Canada, offering customers over 120,000 products to choose from in-store and over one million items online. This means loyal Walmart shoppers can redeem their Walmart Reward Dollars for a wide selection of goods using the Walmart Rewards Mastercard®.

Card details
Credit card Great features Annual fee First-year value
Walmart Rewards Mastercard®
  • Walmart Reward Dollars
  • Shop instantly after approval



Walmart Rewards Mastercard®

New cardmembers of the Walmart Rewards Mastercard® can get up to $25 in bonus Walmart Reward Dollars after making two qualifying purchases and signing up for paperless statements. Regularly earn 1.25% back in-store at Walmart Canada locations and online at Get 1% back everywhere else you shop and redeem for savings on your purchases or free merchandise.

According to our Best of Finance methodology, the average Canadian will earn $280 Walmart Reward Dollars in the first year.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on any existing credit cards for the past three months.

Annual fee:


Limited time offer/bonus:

  • Get up to $25 in bonus Walmart Reward Dollars. Receive $15 in Walmart Reward Dollars when you make two qualifying purchases, one at Walmart Canada (in-store or online), and another purchase anywhere Mastercard is accepted. Both purchases must be made within 30 days of opening the account to qualify. Get $10 in Walmart Reward Dollars when you sign up for electronic statements.

Offer expiry date: October 31, 2020


  • Earn 1.25% back online at and Walmart stores in Canada.
  • Earn 1% back everywhere you shop.

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $280 Walmart Reward Dollars
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $280

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You can redeem your points for:

  • Redeem Walmart Reward Dollars in $5 increments for purchases in-store at Walmart Canada locations and online at


  • Balance Protection Plan (optional)
  • Extended Warranty Plan (optional)

Other perks:

  • Cardmembers can shop instantly after approval with a temporary shopping pass.

Rates, product information, and rewards estimates are subject to change at any time and do not constitute financial advice. Information in this article is accurate as of the date of this posting, August 3, 2020.

Hayley Osmond

Hayley Osmond is an editor and writer in the personal finance space, where she uses her eight years of media and marketing experience to bring content to life. She specializes in money products, including mortgages, home and auto insurance, and credit cards. Hayley holds a Broadcast Journalism diploma from Sheridan College and was awarded the Shaw Media Journalism and Media Award for graduating at the top of her class. Her work has appeared in Global News and diverse digital corporate training materials behind the scenes.

Hayley is passionate about making complex subjects, such as home buying and financial literacy, concise and intriguing. Her work has garnered media coverage from The Globe and Mail, blogTO, Yahoo! News, and CityNews 680 and has been syndicated across other publications.

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