Walmart Rewards Mastercard

Walmart Rewards Mastercard Overview

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Did you know Walmart Rewards Mastercard allows you to earn reward dollars every time you purchase with your credit card? This $0 annual fee credit card rewards you with up to 1.25% Cash Back on Walmart.ca purchases, Walmart store purchases, and 1% on purchases anywhere else.

Pros and cons of the Walmart Rewards Mastercard

For you to fully compare the values of this credit card, there’s a need to analyze its pros and cons.

Pros of the Walmart Rewards Mastercard

$0 annual fee
21 days interest-free period
Earn reward dollars on the go with your Mastercard
$15 welcome bonus Plus a $10 paperless billing bonus
No limit on earnings
Reward dollars can be used as a back-to-purchase from Walmart.ca or Walmart stores.
Purchase and price protection
Extended warranty coverage
It can be used anywhere Mastercards are accepted
1 Walmart Rewards dollar is equivalent to 1 Canadian dollar
Can spread over a $199.99 installment payments plan for over 6 months on a larger purchase

Cons of the Walmart Rewards Mastercard

The 6 monthly installment plan isn’t available in Quebec
Limited rewards (1% and 1.25%)
Cashbacks can only be redeemed at Walmart.ca or Walmart stores and outlets.
Rewards are only redeemable in increments of $5

Is the Walmart Rewards Mastercard right for you? Our verdict

The Walmart Rewards Mastercard can be a good choice for you if you belong to the following set:

Walmart customers and shoppers
Anyone looking to earn cashback on their daily spending
Budget-conscious individuals
Traveller
Anyone who shops online

Walmart card rewards

Your Walmart Rewards Mastercard helps you earn redeemable rewards as you spend. Here is a list of these rewards:

1.25% cashback on Walmart stores in Canada
1.25% cashback on Walmart.ca online
1% cash back on other places where Mastercards are available
Additional 1% extra on cashback using the reward accelerator on Walmart stores
$25 welcome bonus provided you spend at least $75 in your first 30 days

Walmart Rewards Mastercard - Comparewise

Perks of using Walmart Rewards Mastercard

Well, there are several benefits you can get from using a Walmart Rewards Mastercard. However, here are some of its renowned benefits:

Fraud protection
Convenience
1-year extended warranty coverage
Purchase protection
Price protection
6 months installment payments plan for items over $199.99
$0 annual fee

Walmart Rewards Mastercard fees

There are no annual fees associated with using the Walmart Rewards Mastercard. This means that card users can earn as much cashback as they can without worrying about paying extra fees. However, aside from the $0 annual fees, other fees associated with using this Mastercard include the following:

2.5% charges on foreign transfers made outside Canada
$5 cash advance fee or 3% of the cash advance amount. The choice is made with the higher amount.
1% balance transfer fee
$10 late payment fee for balances below $100 and $20 for balances above
2.5% installment plan set up fee per purchase

Walmart Rewards Mastercard interest rates

Just like every other credit card, Walmart Rewards Mastercard has some associated interest rates, which are:

APR Min: 19.89%
APR Max: 25.99%
Purchase Interest Rate: 19.89%
Cash Advance Interest Rate: 21.49%
Balance Transfer Interest Rate: 21.49%
Penalty Interest Rate: 29.97%

How to use Walmart Rewards Mastercard

For in-depth understanding, we will explain this section in three parts:

Eligibility

To be eligible to apply for a Walmart Rewards Mastercard, you’ll have to:

Be a Canadian residents
At least 18 years of age
With a Canadian credit file
Not been bankrupt for the last 7 years
Meet the creditworthiness criteria with a good credit score
Meet the minimum income requirements

How to Use

Here is a quick step to follow on how to use your Walmart Rewards Mastercard:

Apply for a Walmart Rewards Mastercard at any Walmart store or visit their website
Upon approval, activate your Mastercard by logging into your account online or dialling the activation number provided
Review terms and conditions, including interest rates and fees
Make purchases using your Walmart Rewards Mastercard at any Walmart store, walmart.ca, or any other store where Mastercards are accepted
Earn dollar rewards for every purchase made as cashback
Redeem your cashback at any Walmart store or walmart.ca
Avoid late fees penalties and accumulated interest charges by making your monthly payments early
You can keep track of your rewards and spendings through your online account.

Where to Use

You can use your Walmart Rewards Mastercard in the following places:

Walmart Stores
Supercenters
Walmart.ca
Anywhere else Mastercards are accepted

Alternatives to Walmart Rewards Mastercard

Here are a few alternatives to Walmart Rewards Mastercard that you can consider and compare:

Walmart Rewards Mastercard Vs. Tangerine World Mastercard

Similarities between Tangerine World Mastercard and Walmart Rewards Mastercard:

No annual fee
Extended warranty coverage
Purchase protection
2.5% foreign transfers fee

Differences between Tangerine World Mastercard and Walmart Rewards Mastercard:

2% cash rewards instead of 1.25%
Cash backs are redeemed as a credit on your account instead of reward dollars
0.5% cash back on everything else instead of 1%
$100 welcome bonus

Walmart Rewards Mastercard Vs. CIBC Dividend Visa Infinite card

Similarities between CIBC Dividend Visa Infinite Card and Walmart Rewards Mastercard:

No limit on cashbacks and rewards
You can redeem cashbacks anytime

Differences between CIBC Dividend Visa Infinite Card and Walmart Rewards Mastercard:

$120 annual fee
4% reward rate on major expenses
$30 welcome bonus
2% on other purchases
Visa Infinite Card and not a Mastercard

Walmart Rewards Mastercard Vs. Walmart Rewards World Mastercard

Similarities between Walmart Rewards World Mastercard and Walmart Rewards Mastercard:

No annual fee
Same welcome bonus and features with Walmart Rewards Mastercard

Differences between Walmart Rewards World Mastercard and Walmart Rewards Mastercard:

Pays a higher reward of 3% on purchases on walmart.ca
Carries the “world Mastercard” tag

FAQs about the Walmart Rewards Mastercard

What should I do if my Walmart Rewards Mastercard is lost or stolen?

In unforeseen circumstances where your Walmart Rewards Mastercard is lost or stolen, your first action is to contact the issuer and report this. The card will get cancelled, and a new one will be reissued.

Can I add an authorized user to my Walmart Rewards Mastercard?

Yes! You can decide to add an authorized user to your Walmart Rewards Mastercard. All you need do is provide their personal information, and a card will be delivered to them with their name on it. However, all charges will be your responsibility, not the authorized cardholder's.

How do I check my Walmart Rewards Mastercard balance and transactions?

There are two ways to check your Walmart Rewards Mastercard balance and transactions. You can either log into your account online or call the service number available on the back of your card. Whichever you choose, the information you'll get will include your available credit, debt, and a list of recent transactions.