The Walmart Mastercard is a credit card offered by Walmart in Canada. It allows you to earn rewards on your purchases, including a welcome bonus. With no annual fee in the first year and a range of benefits and features, the Walmart Mastercard is a popular choice for Canadian shoppers.
Key Takeaways:
- The Walmart Mastercard is a no-fee credit card available in Canada.
- Cardholders can earn rewards on their purchases, including a welcome bonus.
- The card offers no annual fee in the first year and a range of benefits and features.
- Cardholders can earn rewards on Walmart and Walmart.ca purchases.
- Financing options are available for larger purchases made at Walmart.
Earn 10% Cash Back for the First 3 Months
One of the standout features of the Walmart Mastercard is the opportunity to earn 10% cash back on all purchases for the first 3 months. This limited-time offer allows you to maximize your rewards during the initial months of using the card. Whether you’re buying groceries, household items, or even electronics, you can earn significant cash back on every purchase.
To access this offer, simply apply for the Walmart Mastercard and start using it for your everyday expenses. You’ll earn 10% cash back on up to $2,000 in total purchases, giving you a welcome offer value of $350. This is a fantastic opportunity to earn cash back and save money on your everyday spending.
With the Walmart Mastercard, there are no restrictions on the types of purchases eligible for cash back. From everyday essentials to special treats, every dollar you spend will contribute to your cash back rewards. So why not take advantage of this generous offer and start earning cash back on all your purchases today?
| Purchase | Amount | Cash Back |
|---|---|---|
| Groceries | $200 | $20 |
| Clothing | $150 | $15 |
| Electronics | $500 | $50 |
| Home Decor | $100 | $10 |
| Total | $950 | $95 |
As you can see, by taking advantage of the Walmart Mastercard’s 10% cash back offer, you can earn significant rewards on your everyday purchases. Whether you’re stocking up on groceries, refreshing your wardrobe, or treating yourself to the latest gadgets, this offer allows you to earn cash back while enjoying the convenience and savings of your Walmart Mastercard.
No Annual Fee and Supplementary Cards
One of the standout features of the Walmart Mastercard is that it does not have an annual fee, including on supplementary cards. This means that you can enjoy the benefits of the card without incurring any additional costs. Whether you’re the primary cardholder or have supplementary cards for family members, you can take advantage of the Walmart Mastercard’s rewards program and features without any fees eating into your savings.
Supplementary cards can be added to the primary account, allowing your family members to earn rewards on their purchases as well. This is a convenient feature, especially for households that frequently shop at Walmart. By granting supplementary cards to your trusted loved ones, you can accumulate rewards faster and make the most out of your collective spending.
The ability to have supplementary cards without an annual fee is just another reason why the Walmart Mastercard is an attractive credit card option for Walmart shoppers in Canada. It provides flexibility and convenience, allowing you and your family to earn rewards and enjoy the benefits of the card without any additional financial burden.
Comparison Table: No Annual Fee Credit Cards in Canada
| Credit Card | No Annual Fee | Supplementary Cards | Rewards Program |
|---|---|---|---|
| Walmart Mastercard | Yes | Yes | 1.25% at Walmart, 1% elsewhere |
| Tangerine Money-Back Credit Card | Yes | Yes | Up to 2% in select categories |
| SimplyCash Card from American Express | Yes | No | Up to 2% on gas and groceries |
Note: The table above is a comparison of selected credit cards in Canada that have no annual fees and offer supplementary cards. The rewards programs mentioned are subject to terms and conditions, so be sure to review the details before making a decision.
“The Walmart Mastercard not only offers excellent rewards and benefits but also stands out by not having an annual fee, including on supplementary cards. This is a fantastic feature for families who want to earn rewards together without any additional costs.” – Financial Expert
Earn Rewards on Walmart and Walmart.ca Purchases
The Walmart Mastercard offers cardholders the opportunity to earn rewards on their purchases at Walmart and Walmart.ca. With this credit card, you can earn 1.25% in Walmart Reward Dollars on every dollar spent at Walmart and 1% on every dollar spent elsewhere. This rewards program provides an additional benefit for those who frequently shop at Walmart, allowing them to earn redeemable rewards on their everyday purchases.
By using the Walmart Mastercard for your Walmart and Walmart.ca purchases, you can accumulate rewards that can be redeemed for future purchases. These rewards are equivalent to Canadian dollars, with 1 Walmart Reward Dollar being equal to one Canadian dollar. However, it’s important to note that rewards can only be redeemed in $5 increments. This redemption flexibility allows cardholders to offset the cost of their Walmart shopping, providing them with savings and added value.
| Reward Percentage | Category |
|---|---|
| 1.25% | Walmart and Walmart.ca purchases |
| 1% | Everywhere else |
With the ability to earn rewards on every purchase, the Walmart Mastercard offers a competitive rewards program. Unlike some cards that have caps on the number of rewards that can be earned, there is no limit with the Walmart Mastercard, allowing cardholders to accumulate a significant amount of rewards over time. Whether you’re making a small purchase at Walmart or a larger purchase on Walmart.ca, you can earn rewards on all of your eligible transactions.
Financing Options for Larger Purchases
One of the key benefits of the Walmart Mastercard is the availability of financing options for larger purchases. This feature is particularly useful for customers who wish to spread out their payments for big-ticket items such as electronics, furniture, and appliances. With the Walmart Mastercard, cardholders have the flexibility to finance purchases of $199.99 or more over a period of 6 months with no interest. This installment plan option provides an affordable way to manage payments and make larger purchases more accessible.
By taking advantage of the financing options offered by the Walmart Mastercard, customers can enjoy the convenience of paying for their purchases over time, without incurring any interest charges. This can be especially beneficial for individuals on a budget who may not have the immediate funds to make a large purchase upfront. The ability to finance larger purchases through the Walmart Mastercard makes it easier for customers to acquire the products they need without putting a strain on their finances.
When considering financing options, it’s important for customers to evaluate their own financial situation and determine what works best for them. While the Walmart Mastercard provides a convenient and interest-free installment plan, it’s essential to consider the overall cost of the purchase and ensure that the monthly payments are manageable within one’s budget. By carefully planning and utilizing the financing options available, customers can enjoy the benefits of the Walmart Mastercard while effectively managing their larger purchases.
Pros and Cons table (comparison):
| Pros of Financing Options | Cons of Financing Options |
|---|---|
| Convenient way to manage payments for larger purchases | May encourage overspending if not used responsibly |
| No interest charges on financed purchases | Overall cost of the purchase may be higher due to potential finance charges |
| Allows customers to acquire necessary items without straining their finances | Monthly payments must be carefully budgeted to avoid financial strain |
Welcome Bonuses for New Cardholders
If you’re a new cardholder of the Walmart Mastercard, you’ll be pleased to know that there are welcome bonuses available to you. These bonuses are designed to give you added value and rewards right from the start. When you’re approved for the card, you can earn up to $45 in welcome bonuses, which can be a great way to kickstart your rewards earnings.
The welcome bonuses include a $20 bill credit when you spend $50 on the day you’re approved, $15 in Walmart Reward Dollars with your first purchase, and an additional $10 in Reward Dollars when you choose paperless billing. These bonuses provide you with instant savings and rewards that you can utilize for your future purchases at Walmart.
By taking advantage of these welcome bonuses, you can maximize the benefits of your Walmart Mastercard right from the beginning. Whether you’re shopping for groceries, household items, or electronics, these bonuses can help you save money and earn rewards as a new cardholder.
Easy Redemption of Walmart Reward Dollars
Earning rewards with the Walmart Mastercard is just the beginning. The next step is to redeem those hard-earned Walmart Reward Dollars. Fortunately, the redemption process is simple and convenient, allowing you to make the most of your rewards.
Redeeming Walmart Reward Dollars
Once you’ve accumulated Walmart Reward Dollars, you can easily redeem them in Walmart stores or online at Walmart.ca. Each Walmart Reward Dollar is equivalent to one Canadian dollar, giving you flexibility and value when it comes to using your rewards. However, it’s important to note that Walmart Reward Dollars can only be redeemed in increments of $5.
When you’re ready to redeem your rewards, simply present your Walmart Mastercard or provide your card details at the checkout counter. The cashier will deduct the desired amount of Walmart Reward Dollars from your total purchase, helping you save money on your Walmart shopping.
Offsetting the Cost of Future Purchases
Redeeming Walmart Reward Dollars is a great way to offset the cost of future purchases at Walmart. Whether you’re buying groceries, household essentials, or the latest tech gadgets, your rewards can help you save money and stretch your budget further.
| Amount of Walmart Reward Dollars | Equivalent Value |
|---|---|
| $5 | $5 |
| $10 | $10 |
| $15 | $15 |
| $20 | $20 |
| and so on… | and so on… |
As you can see, each Walmart Reward Dollar you redeem has a dollar-for-dollar value, making it a valuable asset in your wallet. So, don’t let your rewards go to waste – put them to good use and enjoy the benefits of being a Walmart Mastercard cardholder.
Earn Rewards on Every Purchase
With the Walmart Mastercard, you have the opportunity to earn rewards on every purchase you make. Whether you’re shopping at Walmart or elsewhere, you can accumulate rewards that can be redeemed for savings on future purchases. With no cap on the number of rewards you can earn, your potential for accumulating value is unlimited.
Earning Rewards
- Earn 1.25% in rewards on your purchases at Walmart
- Earn 1% in rewards on purchases made everywhere else
By using your Walmart Mastercard for all your everyday expenses, you can make the most of your spending and maximize your reward potential. Whether you’re buying groceries, gas, or dining out, every transaction can contribute to your rewards balance.
Let’s take a look at an example to see how your rewards can add up over time:
| Purchase | Amount | Reward Earned |
|---|---|---|
| Groceries at Walmart | $100 | $1.25 |
| Dinner at a restaurant | $50 | $0.50 |
| Gas for your car | $40 | $0.40 |
| Total | $190 | $2.15 |
In this example, you would earn $2.15 in rewards for just one day of spending. Over the course of a month or a year, these rewards can accumulate to provide you with significant savings.
By using your Walmart Mastercard for all your purchases, you can earn rewards on every transaction. Whether you’re shopping at Walmart or elsewhere, your spending can work for you by accumulating valuable rewards.
Competitive Rewards Potential
When it comes to earning rewards on your everyday purchases, the Walmart Mastercard offers a competitive rewards potential. According to Forbes Advisor Canada, the average Canadian with an average spending profile can earn approximately $302.70 in rewards per year using the Walmart Mastercard. While this rewards potential may be lower than some cash-back credit cards, it still provides a significant amount of value for cardholders.
With the Walmart Mastercard, you can earn 1.25% in rewards on purchases at Walmart and 1% on purchases everywhere else. Unlike other store cards, there is no cap on the number of rewards you can earn. This means that your rewards can add up quickly, allowing you to enjoy even more benefits from your everyday spending.
It’s important to note that the rewards potential of the Walmart Mastercard is comparable to, or even better than, other no-annual-fee store cards available in Canada. This makes it a compelling choice for individuals who frequently shop at Walmart and want to maximize their rewards without paying an annual fee.
Comparison of Rewards Potential
| Credit Card | Rewards Potential |
|---|---|
| Walmart Mastercard | $302.70 per year (average) |
| Tangerine Money-Back Credit Card | Up to 2% cash back in select spending categories |
| SimplyCash Card from American Express | Up to 2% cash back on gas and groceries |
As you can see, the Walmart Mastercard offers a competitive level of rewards compared to other credit cards in Canada. While it may not have the highest cash back rates, it provides a consistent and reliable way to earn rewards on your everyday purchases, especially if you frequently shop at Walmart.
Additional Benefits and Features
The Walmart Mastercard not only offers a variety of attractive rewards and welcome bonuses, but it also provides additional benefits and features that enhance the overall cardholder experience.
Purchase Assurance and Extended Warranty Coverage
One of the standout features of the Walmart Mastercard is its purchase assurance. This benefit protects purchases made with the card against theft, loss, or damage for 90 days from the date of purchase. If any of these unfortunate incidents occur, cardholders can rest assured knowing that their purchases are covered.
In addition to purchase assurance, the Walmart Mastercard offers extended warranty coverage. This feature doubles the manufacturer’s warranty on eligible purchases, providing peace of mind for up to one additional year. This extended warranty coverage is a valuable perk that adds an extra layer of protection to cardholders’ purchases.
24/7 Customer Service and Online Account Management
The Walmart Mastercard provides exceptional customer service and convenient online account management. Cardholders can access their accounts 24/7 through the online portal or mobile app, allowing them to easily check their balances, review transactions, and make payments at their convenience.
In case of any questions or concerns, customer support is available around the clock. The dedicated customer service team is ready to assist cardholders with any inquiries or issues they may have, ensuring a seamless and efficient customer experience.
Mobile Wallet and Contactless Payments
The Walmart Mastercard supports mobile wallet and contactless payment options, adding even more convenience to cardholders’ shopping experiences. With compatible devices, cardholders can add their Walmart Mastercard to their mobile wallets such as Apple Pay, Google Pay, or Samsung Pay, and make secure, contactless payments in-store or online.
This feature allows for a faster and more streamlined checkout process, eliminating the need to physically present the card or enter payment details. With the growing popularity of mobile wallet and contactless payments, the Walmart Mastercard ensures that cardholders can stay up to date with the latest payment trends.
| Additional Benefits and Features |
|---|
| Purchase Assurance |
| Extended Warranty Coverage |
| 24/7 Customer Service |
| Online Account Management |
| Mobile Wallet Compatibility |
Overall, the Walmart Mastercard goes beyond just providing rewards and bonuses. With its purchase assurance, extended warranty coverage, exceptional customer service, online account management, and support for mobile wallet and contactless payments, it offers cardholders additional benefits and features that enhance their shopping and cardholder experience. These added perks make the Walmart Mastercard a well-rounded and appealing choice for individuals who frequently shop at Walmart.
Interest Rates and Fees
When considering a credit card, it’s crucial to understand the interest rates and fees associated with it. The Walmart Mastercard in Canada comes with a regular APR ranging from 19.89% to 25.99% for purchases. This means that if you carry a balance on your card, you’ll accrue interest at these rates on the remaining balance. It’s important to pay off your balance in full each month to avoid interest charges.
Additionally, cash advances on the Walmart Mastercard are subject to a $4 fee. If you need to withdraw cash from your credit card, keep in mind that this fee will apply. Foreign transactions on the Walmart Mastercard also come with a 2.5% fee. If you travel outside of Canada and use your card for purchases in other currencies, this fee will be added to the transaction amount.
Fortunately, the Walmart Mastercard does not have an annual fee, which can save you money compared to credit cards that charge an annual fee. However, it’s important to be aware that there is a 2.5% fee for setting up the installment plan option on purchases. If you choose to finance a larger purchase through the installment plan, this fee will be applied to the total purchase amount.
Alternative Credit Card Options
While the Walmart Mastercard offers a range of benefits and rewards, there are alternative credit card options available in Canada. It’s important to explore these alternatives to find the card that best suits your needs and spending habits. Here are a few options worth considering:
Tangerine Money-Back Credit Card
If you’re looking for a credit card that offers cash back, the Tangerine Money-Back Credit Card may be a good fit. With this card, you can earn up to 2% cash back on select spending categories, allowing you to maximize your rewards. Plus, the card has no annual fee, making it a cost-effective option for everyday use.
SimplyCash Card from American Express
If gas and groceries are a significant part of your spending, the SimplyCash Card from American Express could be a great choice. This card offers up to 2% cash back on eligible gas and grocery purchases, providing you with valuable rewards on your everyday essentials. Additionally, the card has no annual fee, making it a budget-friendly option.
TD Cash Back Visa Infinite Card
The TD Cash Back Visa Infinite Card is another alternative worth considering. With this card, you can earn up to 3% cash back on eligible purchases, including groceries, gas, and recurring bill payments. The card also comes with travel benefits, such as travel insurance and concierge service, making it suitable for those who enjoy both cash back and travel perks.
| Credit Card | Benefit | Annual Fee |
|---|---|---|
| Tangerine Money-Back Credit Card | Up to 2% cash back on select spending categories | No annual fee |
| SimplyCash Card from American Express | Up to 2% cash back on gas and groceries | No annual fee |
| TD Cash Back Visa Infinite Card | Up to 3% cash back on eligible purchases | $120 |
Remember, when choosing a credit card, consider your spending habits, lifestyle, and the rewards and benefits that align with your priorities. Compare the features, fees, and rewards of different cards to make an informed decision that suits your financial goals.
Walmart Rewards Mastercard vs. Walmart Rewards World Mastercard
When choosing a credit card that best suits your needs and spending habits, it’s important to compare different options. In this section, we’ll compare the Walmart Rewards Mastercard with the Walmart Rewards World Mastercard, highlighting their similarities and differences.
Walmart Rewards Mastercard
The Walmart Rewards Mastercard is a no-fee credit card that offers rewards on purchases made at Walmart and Walmart.ca. With this card, you can earn 1.25% in Walmart Reward Dollars on every dollar spent at Walmart and 1% on every dollar spent elsewhere. These rewards can be easily redeemed at Walmart stores and on their website, providing you with savings on future purchases.
Walmart Rewards World Mastercard
The Walmart Rewards World Mastercard is an alternative to the Walmart Rewards Mastercard that offers higher rewards. With this card, you earn 1.25% in Walmart Reward Dollars on every dollar spent at Walmart, 1% on every dollar spent elsewhere, and an additional 3% on Walmart.ca purchases. Furthermore, you can earn 1.25% in Walmart Reward Dollars at gas stations. The Walmart Rewards World Mastercard requires a household income of at least $100,000 to qualify.
| Card | Rewards | Walmart Rewards | Walmart.ca Rewards | Gas Station Rewards |
|---|---|---|---|---|
| Walmart Rewards Mastercard | 1.25% | 1.25% | N/A | N/A |
| Walmart Rewards World Mastercard | 1.25% | 1.25% | 3% | 1.25% |
Table: Comparison of rewards for Walmart Rewards Mastercard and Walmart Rewards World Mastercard (based on every dollar spent)
While both cards have no annual fee and offer rewards, the Walmart Rewards World Mastercard provides higher rewards, particularly on Walmart.ca purchases and gas station transactions. However, it’s important to note that the Walmart Rewards World Mastercard has income requirements, making it accessible to a narrower group of cardholders.
When deciding between these two cards, consider your shopping habits and priorities. If you frequently shop on Walmart.ca or spend a significant amount on gas, the Walmart Rewards World Mastercard may provide greater value. However, if your spending aligns more with in-store purchases at Walmart, the Walmart Rewards Mastercard still offers competitive rewards. Choose the card that best suits your needs and allows you to maximize your rewards.
Walmart Rewards Mastercard vs. CIBC Costco Mastercard
When it comes to choosing a credit card that offers rewards for your shopping, two popular options in Canada are the Walmart Rewards Mastercard and the CIBC Costco Mastercard. Both cards have their own unique features and benefits, so it’s important to compare them to find the one that best suits your needs.
Rewards and Benefits Comparison
Let’s take a closer look at the rewards and benefits offered by these two credit cards:
| Card | Rewards | Additional Benefits |
|---|---|---|
| Walmart Rewards Mastercard | Earn 1.25% on purchases at Walmart and 1% on purchases elsewhere | No annual fee, easy redemption of Walmart Reward Dollars |
| CIBC Costco Mastercard | Earn up to 3% on eligible purchases at Costco and 1% on other purchases | No annual fee, exclusive benefits for Costco members |
As you can see, both cards offer rewards on your purchases, but the specific earning rates and redemption options differ. The Walmart Rewards Mastercard allows you to earn rewards at Walmart and Walmart.ca, while the CIBC Costco Mastercard focuses on providing rewards for Costco purchases. If you frequently shop at Walmart, the Walmart Rewards Mastercard may be the better choice for you. However, if you’re a Costco member and do a lot of shopping at Costco, the CIBC Costco Mastercard offers exclusive benefits tailored to Costco shoppers.
Consider Your Shopping Habits
When choosing between the Walmart Rewards Mastercard and the CIBC Costco Mastercard, it’s important to consider your own shopping habits. Think about where you shop most frequently and the types of purchases you make. If you primarily shop at Walmart and want a card that rewards you for those purchases, the Walmart Rewards Mastercard is a strong option. On the other hand, if you’re a frequent Costco shopper and want a card that offers rewards and benefits specific to Costco, the CIBC Costco Mastercard may be the better choice for you.
Take the time to assess your spending patterns, review the rewards and benefits of each card, and make an informed decision based on your personal preferences and needs. Both the Walmart Rewards Mastercard and the CIBC Costco Mastercard offer value and rewards, so it’s ultimately about finding the card that aligns with your lifestyle and offers the most benefits for your specific shopping habits.
Walmart Rewards Mastercard vs. Hudson’s Bay Mastercard
If you’re a frequent shopper at Walmart or Hudson’s Bay, you may be considering which credit card is the best fit for your needs. In this section, we will compare the Walmart Rewards Mastercard and the Hudson’s Bay Mastercard, highlighting their features, rewards, and benefits to help you make an informed decision.
Features and Rewards
The Walmart Rewards Mastercard is designed for those who shop at Walmart and Walmart.ca. With this card, you can earn 1.25% in rewards on every dollar spent at Walmart and 1% on purchases made elsewhere. The rewards can be redeemed for future Walmart purchases, providing you with savings every time you shop.
On the other hand, the Hudson’s Bay Mastercard is tailored for customers of The Bay. With this card, you can earn rewards for your purchases at Hudson’s Bay stores and thebay.com. While the specific rewards structure may vary, the Hudson’s Bay Mastercard generally offers a higher rewards rate for in-store purchases at The Bay.
| Walmart Rewards Mastercard | Hudson’s Bay Mastercard | |
|---|---|---|
| Mastercard Rewards | 1.25% at Walmart, 1% elsewhere | Varies, higher rate for in-store purchases at The Bay |
| Bonus Rewards | Welcome bonuses available | Hudson’s Bay-specific bonuses available |
| Redemption | Redeem rewards in Walmart stores and online | Redeem rewards at Hudson’s Bay stores and online |
| Additional Benefits | Purchase assurance, extended warranty coverage | Additional benefits specific to Hudson’s Bay customers |
Considerations and Conclusion
When choosing between the Walmart Rewards Mastercard and the Hudson’s Bay Mastercard, it’s important to consider your shopping habits and preferences. If you primarily shop at Walmart, the Walmart Rewards Mastercard may be the better option due to its rewards structure and the ability to earn rewards on everyday purchases. However, if you are a loyal customer of The Bay, the Hudson’s Bay Mastercard may provide more benefits tailored to your needs.
Ultimately, the decision between these two cards depends on where you shop most frequently and which card offers the rewards and benefits that align with your spending habits. It’s recommended to carefully review the terms and conditions of each card and compare their features before making your decision.
Conclusion
In conclusion, the Walmart Mastercard Canada is an excellent choice for Walmart shoppers in Canada. With its no annual fee and attractive rewards program, it offers cardholders the opportunity to earn rewards on their purchases, both at Walmart and Walmart.ca. The welcome bonuses, including the 10% cash back offer for the first 3 months, provide new cardholders with an added incentive to sign up.
Furthermore, the Walmart Mastercard’s financing options for larger purchases make it a convenient option for those who need to spread out payments over time. The additional benefits and features, such as purchase assurance and extended warranty coverage, provide cardholders with added protection and peace of mind.
While the Walmart Mastercard has competitive rewards potential, it’s important to consider alternative credit card options based on your specific spending habits and preferences. Cards like the Tangerine Money-Back Credit Card and the SimplyCash Card from American Express may offer higher cash back rewards in select spending categories.
Overall, the Walmart Mastercard Canada is a solid choice for Walmart shoppers looking to earn rewards on their purchases. However, it’s recommended to compare different credit cards to find the one that best suits your needs and provides the most value for your spending.