Walmart Rewards Mastercard

AT THE PARTNER: 3% in Walmart Reward Dollars on purchases at Walmart in Canada. In-store, on walmart.ca, and on Walmart Marketplace, calculated on the pre-tax amount. EVERYWHERE ELSE: 1%, calculated on the post-tax amount (a small but real difference the terms make explicit). Accès Pharma chez Walmart (Quebec) earns 1%, not 3%. Purchases made through Klarna earn 1%, not 3%. The 3% grocery figure above reflects the fact that Walmart Supercentres sell groceries. Groceries bought anywhere OTHER than Walmart earn 1%. Fairstone publishes no annual cap on earning in the Version U (Sep 2025) Reward Dollars programme terms. This card was re-launched on 18 September 2025; the pre-2025 version paid 1.25% at Walmart, so older third-party listings are stale.

$25 Reward Dollars welcome bonus after spending $75 in the first 30 days (walmart.ca card page). Walmart also advertises up to 6 months free Walmart+ / Delivery Pass with an annual subscription purchase, which Walmart values at $44.50, and headlines the package as 'up to $800 in value your first year'. That $800 figure is a marketing composite built from assumed spend and coupon offers, not a guaranteed benefit. No end date is published for the welcome offer.

No embedded insurance at all on the standard tier. Fairstone's disclosure statement attributes Purchase Assurance and the doubled-warranty benefit to the premium (World) card only, and offers the standard-card holder an Extended Warranty Plan and a Balance Protection Plan as PAID optional monthly add-ons. Rate structure has two tiers: the Preferred Rate (21.99% purchases / 22.99% cash and balance transfers; in Quebec 21.99% for both) and a Standard Rate card (26.99% purchases / 27.99% cash) that is not offered in Quebec. The applicant does not choose which they get. After two missed payments the rate is adjusted to 26.99% (Preferred) or 29.89% (Standard). Cash advance fee $5 at a Canadian bank machine or teller; over-limit $29 charged when the balance first exceeds the limit and again each month it stays over. No interest-free grace period on cash advances or balance transfers. Reward Dollars are NOT cash back. They can only be spent at Walmart. There is no statement credit, no cheque and no transfer out. The 3% rate is pre-tax; the 1% everywhere-else rate is post-tax. The terms state this asymmetry explicitly. Redemption is blocked on tobacco, lottery, alcohol, prescription medication, gift cards used as cash equivalents, account payments, balance transfers and cash advances. So you cannot use rewards on a large share of a typical Walmart pharmacy/liquor basket. Reward Dollars are forfeited immediately and automatically if the account closes, for any reason. Redemption currently requires the physical card in store or a registered card on walmart.ca. Mobile wallet redemption is not supported. You may be issued the 26.99% Standard Rate card rather than the 21.99% Preferred Rate card; the advertised '21.99% low preferred rate' is not guaranteed. Quebec's Accès Pharma chez Walmart earns 1%, not the headline 3%.