The Walmart Rewards Mastercard offers impressive rewards and benefits while remaining reasonable in terms of fees and APR.
More often than not, Walmart is the first place many Canadians go for everyday items. From groceries to clothes to electronics and furniture, Walmart has it all at prices that are usually better than the competition. But if you have a Walmart Rewards Mastercard credit card and pay with it at Walmart, you can snag even more savings on top of the chain’s already low prices.
Here’s an overview of this credit card’s rewards program, its benefits, and downsides to decide if it’s a good fit for your wallet.

Key card details

• No annual fee
• Low income requirement
• $25 sign up bonus
• Impressive rewards on daily spending
• Apply through this secure link for a $10 cash back rebate

Walmart Rewards Mastercard Benefits

If you’re not sure whether this is the right card for you, here are some of its benefits:

1. No annual fee

The card has no annual fee and lets you earn points toward savings on your purchases. It’s a good option if you’re looking for a store-branded credit card with no annual fee to earn rewards.

2. Exciting welcome bonus

Do you want to jumpstart your Walmart Rewards account? There is a little but straightforward welcome bonus.
Here’s how to get a $25 Walmart gift card:
After making one purchase at Walmart and another purchase elsewhere, you’ll receive $15, and after signing up for electronic statements, you’ll receive $10. It’s not much, but it’s a quick way to earn $25.

3. Low minimum income requirements

Since the minimum yearly income to be eligible for the card is $12,000, it’s easily accessible to most Canadians who want to earn rewards on everyday purchases.

4. Free access to special promotions

You can access exclusive offers like special savings events and other discounts when you activate your card online or at one of Walmart’s locations in Canada.

How To Earn Walmart Rewards

If you’re looking for a simple rewards program with no strings attached, this could be a good fit for you. You’ll earn 1.25% back on all purchases at Walmart stores, which is a nice perk if you often shop there. The card will also reward you for shopping everywhere else. You’ll earn 1% in rewards on every purchase you make outside of Walmart.
Every Walmart Reward Dollar you earn is another dollar for you to redeem at Walmart.

Walmart Rewards Mastercard Downsides

So, what are some of the drawbacks of this card?
The main downside of this card is that you can only use your reward at Walmart and not somewhere else. This is quite restrictive, especially when compared to other rewards credit cards. Secondly, the card has no insurance package. So, if you need a card with at least basic insurance like purchase protection and an extended warranty, you may need to look elsewhere.
And finally, the card charges a 2.5% foreign transaction fee for every purchase made outside of Canada.

In conclusion

Whether you’re a big-box shopper, a parent looking for household supplies, or just an all-around value seeker, the Walmart Rewards Mastercard could be the credit card for you. The card is powered by Mastercard, which comes with chip-enabled technology for added security.