Walmart Rewards™ Mastercard® Review
May 20, 2026 6:43 PM
The Bottom Line
The Walmart Rewards Mastercard is ideal for frequent Walmart shoppers who want to spread out payments on larger purchases without paying much interest. It offers 1.25 Walmart Reward Dollars for every dollar spent at Walmart stores and the ability to pay in installments. Additionally, you can earn up to $45 in Walmart Reward Dollars when you sign up. However, the rewards can only be redeemed at Walmart, and the card lacks additional benefits or insurance coverage beyond purchase assurance and extended warranty.
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on Walmart's website
Welcome Bonus
$25 bonus after spending $75 in a single purchase at Walmart
Annual Fee
$0
Interest Rates
21.89% / 22.97%
RECOMMENDED CREDIT SCORE
Rewards
- Earn 3% in reward dollars at any Walmart store in Canada or online at Walmart.ca2
- Earn 1% everywhere outside Walmart3
- Get 3 months free on Delivery pass annual subscription every year.4
Insurance
Coverage
Purchase Protection
90 days
Eligibility
Credit Score
GoodAnnual Income
N/A
Welcome Bonus Details
Start with a welcome bonus of $25 reward dollars1. Just spend $75 in a single purchase at Walmart with your new Walmart Rewards Mastercard in the first 30 days1.
Card Details
Interest Rates
Purchase APR
21.89%
Cash Advance APR
22.97%
Balance Transfer APR
22.97%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Instalment payments available
- Sign-up bonus
- Solid Walmart rewards
Cons
- Lower reward rates overall
- Limited redemption options
- No benefits
- Limited insurance
Our Detailed Review
Walmart Rewards MasterCard is one of the better-known credit cards in Canada, especially for people who shop at Walmart. Pretty much every time you check out at Walmart, you are encouraged to get this card!
At FinlyWealth, we're not the biggest fans of this card and would rate it as very average. Let's get into the details of why we think that.
The Rewards
How You Earn Rewards
The rewards on this card are very straightforward:
- 3% cashback on Walmart purchases (in-store and online)
- 1% cashback on all other eligible purchases.
You will earn these rewards in Walmart dollars, so you can't redeem them for any purchases, and you can only redeem them for a future Walmart purchase. Psychologically, many people get very happy when they see a good discount applied to their groceries from time to time, so if you are in this group, you can go for this card.
While there are many cards out there that have worse rewards than the Walmart card, there are also many free cards that can beat the reward rate of Walmart Rewards by a huge margin.
Reward comparison to other popular no annual fee credit cards
Simplii Financial™
4.3
American Express
2.8
Annual Fee
$0
$0
$0
Interest Rates
Purchase
21.89%
Cash advance
22.97%
Balance transfer
22.97%
Purchase
20.99%*
Cash advance
22.99%*
Balance transfer
22.99%*
Rate details
Purchase
21.99%*
Cash advance
21.99%*
Rate details
Welcome Bonus
$25 bonus after spending $75 in a single purchase at Walmart
20% cashback† up to $500 in spending
Up to 10,000 Membership Rewards® points
Rewards
1% - 3%
0.5% - 4%
1x
on Simplii Financial™'s website
on American Express' website
Apply with Confidence — won't impact your credit score
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
Compared to both these cards, the Walmart card earns much fewer rewards and offers fewer benefits; therefore, most people should opt for those instead of the Walmart card.
Welcome Bonus
The welcome bonus for this card is very straight forward. Upon approval you earn $45 in reward which could be used for your Walmart purchases.
1 Benefit of Walmart Rewards
Below, we'll explain what makes the Walmart Rewards Mastercard one of the best Walmart credit cards in Canada.
1. Easy approval and No Annual Fee
The Walmart Reward does not have any requirements on Income and also approves most people with a credit score closer to the lower side of the credit score range, so getting this card is easy. In addition, not having to pay an annual fee is always nice.
2 Downsides of Walmart Rewards
1. Average rewards
As mentioned, most of the time, the Walmart Rewards card isn't the best credit card to use, even for Walmart purchases! Therefore, looking for some other cards if you are planning to maximize your rewards would be a great idea.
2. Very Weak insurance and benefits
This card only comes with purchase protection and not even an extended warranty, which is a benefit that almost all free and paid credit cards in Canada have.
There are options to buy travel insurance and other benefits for a monthly fee, but that is not ideal. You can opt-in for another card that already has those benefits and get access to those benefits for free!
Final Verdict
The Walmart reward card is a very average card in terms of rewards and a poor card for benefits, so it's recommended to look around for other cards because you will most likely be able to find one that's better for you!
About the author
Abid Salahi
Co-founder
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
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Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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Walmart Rewards™ Mastercard®
1.7
FinlyWealth Rating
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