Walmart Rewards Mastercard: Earn More Rewards on Everyday Shopping
If Walmart is already one of your go-to places for groceries, household essentials, clothing, electronics, and those mysterious “I only came in for milk” purchases, the Walmart Rewards Mastercard may be worth a closer look.
The Walmart Rewards Mastercard is a Canadian credit card designed to help shoppers earn Walmart Reward Dollars when they make purchases at Walmart and elsewhere. The standard card currently has no annual fee, earns 3% in Walmart Reward Dollars at Walmart stores in Canada and Walmart.ca, and earns 1% on eligible purchases outside Walmart.
But how does the card actually work, how can you redeem the rewards, and is it worth having?
Let’s break it down.
What Is the Walmart Rewards Mastercard?
The Walmart Rewards Mastercard is a Canadian Mastercard issued by Fairstone Bank of Canada. It allows cardholders to earn Walmart Reward Dollars when making eligible purchases.
The standard Walmart Rewards Mastercard has no annual fee and currently earns:
- 3% in Walmart Reward Dollars at Walmart stores in Canada
- 3% in Walmart Reward Dollars when shopping online at Walmart.ca
- 1% in Walmart Reward Dollars on eligible purchases outside Walmart
Some exclusions and conditions apply to eligible purchases.
In other words, if your shopping cart at Walmart regularly looks like it needs its own postal code, you may have plenty of opportunities to collect rewards.
How Does the Walmart Rewards Mastercard Work?
The concept is fairly straightforward.
You use your Walmart Rewards Mastercard to pay for eligible purchases. You then earn Walmart Reward Dollars based on where you shop.
For example, if you spend $100 on an eligible Walmart purchase, the current 3% earn rate would give you $3 in Walmart Reward Dollars.
Spend $500 at Walmart and that’s $15 in rewards.
It may not sound like retirement money, but over months of regular grocery and household spending, those rewards can add up.
The card can also be used outside Walmart, where eligible purchases earn 1% in Walmart Reward Dollars.
If you’re new to cashback and rewards cards, it helps to understand exactly how these programs work before trying to maximize them. Our cashback explained guide covers different types of cashback, including credit-card rewards, grocery cashback, loyalty rewards, and promotional offers, making it a useful starting point for smarter shopping.
How Many Rewards Can You Earn?
There is currently no stated maximum on the amount of Walmart Reward Dollars you can earn, and Walmart says earned Reward Dollars do not expire, subject to the program’s terms and conditions.
Your actual rewards will depend on how much you spend and whether your purchases qualify for the applicable earn rate.
For example:
| Monthly Walmart Spending | Approx. Rewards at 3% |
| $100 | $3 |
| $250 | $7.50 |
| $500 | $15 |
| $1,000 | $30 |
| $1,500 | $45 |
These examples assume the purchases are eligible for the 3% Walmart earn rate.
The important lesson? Don’t spend more simply to earn rewards. A 3% reward isn’t a 100% discount. Buying $100 of stuff you don’t need just to get $3 back is a fantastic way to lose $97.
Walmart Rewards Mastercard Welcome Bonus
New cardholders may also be eligible for a $25 Walmart Reward Dollars welcome bonus.
According to the current offer, you need to apply and be approved for the Walmart Rewards Mastercard and make a single eligible purchase of at least $75, including taxes, at a Walmart store in Canada or Walmart.ca within the first 30 days after approval.
The bonus is subject to the applicable terms and conditions, and offers can change.
Before applying, always check the current offer directly with Walmart.
How to Redeem Walmart Reward Dollars
One of the useful things about Walmart Reward Dollars is that they can be used toward eligible purchases at Walmart.
You can redeem them at Walmart stores in Canada or online at Walmart.ca. The current program requires a minimum redemption of $5, with additional redemptions generally made in $5 increments. Rewards cannot be redeemed for cash and cannot exceed the value of the purchase.
For example, if you’ve collected $20 in Walmart Reward Dollars, you can use that $20 toward an eligible Walmart purchase.
That’s essentially turning previous spending into a little discount on your next shopping trip.
Walmart Rewards Mastercard Annual Fee
One of the biggest attractions of the standard Walmart Rewards Mastercard is that it currently has no annual fee.
That can make the card more appealing to shoppers who regularly spend at Walmart and want to earn rewards without paying an annual card fee.
However, remember that no annual fee doesn’t mean no cost for carrying a balance. Credit card interest can quickly outweigh the value of rewards.
If you can, paying your statement balance in full and on time is generally the best way to prevent interest charges from eating into your rewards.
Walmart+ Benefit
The Walmart Rewards Mastercard also comes with a benefit connected to Walmart+.
When an eligible cardholder purchases or renews a regularly priced annual Walmart+ membership using the Walmart Rewards Mastercard, the current benefit provides a statement credit equivalent to three months of Walmart+ membership fees, including applicable taxes.
The Walmart Rewards World Mastercard has a larger benefit, providing a statement credit equivalent to six months under the applicable terms.
This can be particularly interesting for people who already use Walmart+ regularly.
Using the Card Outside Walmart
You don’t have to keep your Walmart Rewards Mastercard locked in a drawer until your next Walmart trip.
Eligible purchases outside Walmart currently earn 1% in Walmart Reward Dollars.
That can include everyday spending such as dining, transportation, entertainment, and other purchases, although specific exclusions and terms apply.
So the card can function as more than just a Walmart shopping card.
Still, if another credit card offers substantially better rewards for a particular category, compare the rates before automatically reaching for the Walmart card.
Also, The Walmart Rewards Mastercard isn’t the only ways to get more value from everyday shopping. If you’re interested in discovering other opportunities to earn or receive cashback, take a look at our guide on what shops do cashback near me. You may find useful options for getting more from purchases you were already planning to make.
Walmart Rewards Mastercard vs. Walmart Rewards World Mastercard
Walmart offers more than one rewards Mastercard.
The standard Walmart Rewards Mastercard and Walmart Rewards World Mastercard both currently offer:
- No annual fee
- 3% at Walmart
- 1% outside Walmart
- Mobile wallet functionality
- Contactless payments
- Walmart Reward Dollars
However, the World Mastercard includes additional benefits and a larger Walmart+ annual statement credit under the current program terms.
Your eligibility for the World Mastercard is based on Walmart/Fairstone’s approval criteria. Walmart says existing cardholders may qualify for the World Mastercard after spending at least $15,000 on their Walmart Rewards Mastercard during the previous 12 months.
Note: Comparing credit cards before choosing one can help you find a card that matches your shopping habits. For another useful example of how retailer payment policies can affect your card choices, check out our guide on what credit cards does Costco accept in store before your next Costco shopping trip.
Who Should Consider the Walmart Rewards Mastercard?
The card may make sense for people who:
- Shop regularly at Walmart
- Spend a significant amount on groceries
- Frequently purchase household essentials
- Shop on Walmart.ca
- Want a card with no annual fee
- Prefer rewards that can be used at Walmart
- Already use or plan to use Walmart+
- Can pay their credit card balance responsibly
For frequent Walmart shoppers, the 3% Walmart earn rate can make the rewards particularly attractive.
Note: Walmart isn’t the only major retailer where shoppers look for ways to get more value from their spending. If you’re comparing supermarket rewards and cashback options, our guide on does Tesco do cashback explains the difference between traditional checkout cashback, loyalty rewards, and third-party cashback opportunities.
Who Might Want to Think Twice?
The card may not be the best fit if you rarely shop at Walmart.
It may also be less attractive if you already have another credit card that provides significantly better rewards for your everyday spending.
And here’s the big one: if you regularly carry a balance and pay substantial interest, the rewards may not compensate for those charges.
A credit card should help your finances—not turn your monthly statement into a horror movie.
Tips for Maximizing Walmart Rewards
1. Use the Card for Eligible Walmart Purchases
The strongest current earn rate is the 3% rate on eligible purchases at Walmart stores in Canada.
If Walmart is already part of your regular shopping routine, using the card for eligible purchases can help you accumulate rewards naturally.
2. Don’t Buy Things Just for Rewards
This deserves repeating.
If you spend $100 unnecessarily to earn $3, you’re not saving money.
You’re spending $97 to earn $3.
Your wallet would like a word.
3. Pay Your Balance on Time
Rewards are much more valuable when you’re not paying unnecessary interest.
Try to pay your balance in full and on time whenever your financial situation allows.
4. Use Mobile Wallets
The Walmart Rewards Mastercard supports mobile wallet payments, including Apple Wallet and Google Wallet.
That means you can leave the physical card at home while still paying with your eligible mobile wallet.
5. Combine Rewards With Smart Shopping
Don’t rely on rewards alone.
Look for sales, compare prices, use coupons where appropriate, and plan your shopping trips.
For more ideas, check out our guide on how to save money on groceries.
The goal isn’t simply to earn more rewards. It’s to spend less overall.
Walmart Rewards Mastercard and Cashback
Rewards cards and cashback strategies can work nicely together.
If you’re already interested in learning what shops do cashback near you, you can compare different ways of earning money back when shopping.
Just remember to check the individual program’s rules before assuming rewards can be stacked.
Is the Walmart Rewards Mastercard Worth It?
For frequent Walmart shoppers in Canada, the Walmart Rewards Mastercard can be an interesting option.
The combination of no annual fee, 3% in Walmart Reward Dollars on eligible Walmart purchases, 1% outside Walmart, and the Walmart+ benefit gives the card a clear focus: rewarding people who regularly shop at Walmart.
However, whether it’s the right card for you depends on your spending habits and how you manage credit.
If you shop at Walmart frequently and pay your balance responsibly, the rewards can add useful value.
If you rarely shop at Walmart—or another card gives you better rewards for your biggest spending categories—it may be worth comparing alternatives.
Understanding how rewards can actually be used is just as important as earning them. For another example of how cashback can work after you’ve earned it, read Can I use cashback from Eneba to buy stuff? and learn how cashback redemption can differ between programs.
Frequently Asked Questions
Does the Walmart Rewards Mastercard have an annual fee?
No. The standard Walmart Rewards Mastercard currently has no annual fee.
How much cashback does the Walmart Rewards Mastercard give?
Technically, the card earns Walmart Reward Dollars rather than traditional cashback. The current earn rate is 3% on eligible Walmart purchases and 1% on eligible purchases outside Walmart.
Can Walmart Reward Dollars be used for groceries?
Yes. Reward Dollars can be redeemed toward eligible purchases at Walmart stores in Canada and Walmart.ca, subject to the program’s terms.
What is the Walmart Rewards Mastercard welcome bonus?
The current offer provides $25 in Walmart Reward Dollars when eligible new cardholders make a qualifying single purchase of at least $75, including taxes, at Walmart or Walmart.ca within 30 days of approval.
Can I use the Walmart Rewards Mastercard outside Walmart?
Yes. Eligible purchases outside Walmart currently earn 1% in Walmart Reward Dollars.
Who issues the Walmart Rewards Mastercard?
The Walmart Rewards Mastercard is issued by Fairstone Bank of Canada.
Final Thoughts
The Walmart Rewards Mastercard is built for one simple idea: shop, earn, and redeem.
For Canadians who regularly shop at Walmart, earning 3% in Walmart Reward Dollars on eligible Walmart purchases can make everyday spending a little more rewarding. The no-annual-fee structure and Walmart+ benefit add another layer of potential value.
But don’t let the word “rewards” trick you into spending more than you planned.
The smartest rewards strategy is simple: buy what you already need, earn rewards on those purchases, and pay your credit card balance responsibly.