Walmart Rewards Mastercard Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • Easily earned rewards at Walmart stores
  • Flat rewards rate on other purchases
  • Rewards never expire
  • User-friendly mobile app


  • Limited redemption options
  • Low rewards rate compared to other cash back cards
  • Limited availability (Canada only)
  • Potentially high-interest rate for late payments
  • No travel or multi-tiered rewards

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Walmart Rewards Mastercard, here’s how you earn rewards:

Specific Stores1%
All Other Spend1%

How much your rewards are worth

The dollar value of your rewards depends on the specific Walmart rewards program and what you choose to redeem your points for.

For Walmart Rewards Mastercard in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards

Calculating your annual rewards

$24,000.00 annual spending x $1.00% return on spending = $240.00 annual rewards

$240.00 annual rewards – $0.00 annual fee = $$240.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score760 – 900
Interest Rates
Cash Advance22.9%
Balance Transfer22.9%
Extra Card Fee$0
Card typeMasterCard

Insurance coverage

Walmart Rewards Mastercard Review

The Walmart Rewards Mastercard is a practical option for Canadians who frequently shop at Walmart and are seeking a store-branded credit card. This review will delve into the card’s earning potential, key benefits, drawbacks, and other relevant information.

1. Earning potential with the card

The Walmart Rewards Mastercard earns Walmart Reward Dollars. Cardholders can earn 1.25% back on every dollar spent at Walmart and 1% back on every dollar spent everywhere else that accepts Mastercard. The card does not offer specific reward rates for other categories of spending, such as dining or travel.

2. Benefit 1: No annual fee

One major advantage of the Walmart Rewards Mastercard is the absence of an annual fee, making it an affordable option for budget-conscious shoppers.

3. Benefit 2: Easy rewards redemption

Redeeming Walmart Reward Dollars is a simple process. Cardholders can redeem directly at the register in increments of $5 (starting at $5), making it quick and easy to utilize earned rewards.

4. Benefit 3: Worldwide acceptance

As a Mastercard, the Walmart Rewards Mastercard is accepted at millions of locations worldwide, offering cardholders access to a vast network of merchants.

5. Benefit 4: Added security features

The card comes equipped with multiple layers of security, including zero liability protection and chip & PIN technology, providing greater security and peace of mind.

6. Drawback 1: Limited earning potential outside Walmart

The main drawback of this card is its limited earning potential for purchases made outside of Walmart. Cardholders only earn 1% back on non-Walmart purchases, whereas other cards may offer higher reward rates for certain categories (such as dining or travel).

7. Drawback 2: Minimal travel benefits or insurance

Another drawback of the Walmart Rewards Mastercard is its lack of travel benefits and insurance. Many other credit cards offer perks like travel insurance and rental car insurance, which can be valuable for frequent travelers.

8. Additional Information:

In conclusion, the Walmart Rewards Mastercard is best suited for individuals who frequently shop at Walmart and prioritize cost-saving features like no annual fees and easy rewards redemption. However, those who want more comprehensive rewards or travel benefits should consider other options.

Not the right fit? You could consider the KOHO Essential Mastercard. Or, if you’re looking for other options check out the Canadian Tire Cash Advantage Mastercard, and the Brim World MasterCard.


The Walmart Rewards Mastercard allows you to redeem your points for statement credits on your account. These statement credits can be used as a direct discount off of any purchases made using your Walmart Rewards Mastercard. With a redemption rate of 1 Walmart Reward Dollar being equivalent to 1 Canadian dollar, you have the flexibility to use the statement credits for purchases you choose at Walmart stores, online at, as well as on purchases made at other retailers where Mastercard is accepted.

The Walmart Rewards Mastercard does charge a foreign transaction fee for purchases made outside of Canada or in a foreign currency. The foreign transaction fee is 2.5% on top of the conversion rate of the purchase amount. This means that if you use the Walmart Rewards Mastercard while traveling abroad or for online shopping in foreign currencies, you will incur an additional 2.5% fee on all transactions in addition to the exchange rate applied.

The Walmart Rewards Mastercard does not have a minimum income requirement for applicants. This means that even without a high income, you may still be eligible for this credit card.

Key benefits

  • Earn 1.25% for every dollar spent at Walmart
  • Earn 1% on all other purchases
  • Easy online account management
  • Fraud protection with Zero Liability Protection
  • Purchase Assurance & Extended Warranty coverage
  • Tap and Go payments with Contactless technology
  • International acceptance by Mastercard network
  • Instant decision when applying online
  • Balance protection available with optional coverage
  • Mobile app available for iOS & Android devices
  • No cap or earning limits on rewards
  • Redeem rewards for Walmart gift cards or statement credits

About The Author