Walmart Rewards Mastercard Review · Canadian Credit Card 20…

Overview

The Walmart Rewards Mastercard is the co-branded card for Walmart Canada shoppers. Earn 3% cash back on Walmart Canada purchases (in-store + Walmart.ca + Walmart gas bars), 1% on everything else.

Cash back redeems as Walmart gift cards or statement credit. Easy redemption at Walmart checkout. $0 annual fee. Targeted at value-conscious shoppers who want simple cash back at the largest discount retailer in Canada.

Limitation: rewards are only valuable if you actually shop Walmart regularly. For households that bounce between Loblaws, Costco, and Walmart, broader-coverage cards (CIBC Dividend, Amex Cobalt) deliver more.

Welcome bonus

★ NEW CARDHOLDER OFFER

Variable promotional offers

Occasional sign-up bonuses ($25-50 statement credit). Check Walmart Canada for current promos.

Variable

Varies

≈ $25-50

Rewards & earn rates

Here's exactly what you earn per dollar across every category — and where this card pulls ahead of the field.

3%x

Walmart purchases

In-store, Walmart.ca, Walmart gas bars

1%x

Everywhere else

All other purchases

Benefits & perks

Beyond the rewards, here are the perks worth knowing about.

🛒Walmart loyalty integration

Easy redemption at Walmart checkout for groceries + general merchandise.

🛡️Standard Mastercard insurance

Purchase protection + extended warranty + fraud protection.

Fees & rates

The numbers that show up on your statement.

ANNUAL FEE$0Truly no-fee

PURCHASE APR19.89%Below average

FX MARKUP2.5%⚠ Not FX-free

MIN INCOME$12,000/yrLow bar for approval

Pros and cons

✓ PROS

3% at Walmart for $0 annual fee
Easy approval (low income requirement)
Below-average APR (19.89%)
Cash back redeemable as Walmart gift cards or statement credit
Universal Mastercard acceptance

✗ CONS

Only 1% baseline outside Walmart is very low
Cash back stranded at Walmart redemption
No premium perks (no insurance package)
2.5% FX markup
Less competitive than Triangle for non-Walmart shoppers

Who it's for

★ APPLY IF

Households exclusively shopping Walmart
Value-conscious cash-back seekers without category alignment
Low-income borrowers needing easy approval
Walmart gas users

✗ SKIP IF

Multi-brand grocery shoppers (use CIBC Dividend)
International travelers (FX markup)
Premium card seekers
Households without Walmart proximity

How it compares

We pitted this card against its closest rivals.

CIBC Dividend8.4/10

$120. 4% on all groceries + gas (includes Walmart).

Dividend wider

Tangerine Money-Back7.8/10

$0. 2% on chosen categories.

Tangerine more flexible

CIBC Costco MC7.8/10

$0. Costco-specific cousin.

Different retailers

How to apply

The eligibility checklist before you hit the application button.

MIN CREDIT SCORE650+ recommended

MIN INCOME$12,000/year

OTHER ELIGIBILITYCanadian resident · 18+

DECISION TIME5-7 business days

Apply for Walmart Rewards ↗

Editor's verdict

7.2/10

★★★½★

FINAL VERDICT

Walmart loyalists only. Everyone else has better options.

For households exclusively shopping Walmart, the 3% rebate at $0 fee is decent. For everyone else, broader cards (CIBC Dividend, Tangerine, Amex Cobalt) deliver more value. The Walmart Rewards card serves a narrow niche.

Apply for Walmart Rewards ↗

User reviews

What current and former cardholders are saying. Aggregated from Trustpilot, Reddit (/r/PersonalFinanceCanada), and our own community comments.

3.4 / 5 ★

234 reviews

5★

33%

4★

38%

3★

14%

2★

10%

1★

5%

Diane T.Mississauga, ON · Mar 2026

★★★★★

Shop Walmart 90% of the time for groceries + everyday. 3% cash back paid me ~$120/year. Easy redemption at checkout. Solid for my use case.

Marcus K.Calgary, AB · Feb 2026