Walmart Rewards Mastercard Review

**This post may contain affiliate links. I may be compensated if you use them.

If you’re a regular shopper at Walmart, then there’s a good chance that you’ve been prompted to apply for the Walmart Rewards Mastercard. Seriously, the employees there are trained quite well as I’m always promoted to apply for the card whenever I use a different credit card to pay. The staff even asks me if I want the Walmart Mastercard when I’m using the self-checkout lanes!

Right away it should be noted that the Walmart Rewards Mastercard doesn’t come close to being one of the best cash back credit cards but considering this is a co-branded store credit card with no fee, that shouldn’t be a surprise. The Walmart Mastercard is aimed at Walmart shoppers by offering them Walmart Reward Dollars on every purchase. The question is, is the Walmart Mastercard any good? Read my Walmart Rewards Mastercard review now to find out.

Walmart Rewards Mastercard Review

Walmart Rewards Mastercard benefits

  • No annual fee
  • Up to $25 Walmart Reward Dollars sign up bonus
  • Earn 1.25% in-stores and at
  • Earn 1% on all other purchases

Some people will be attracted to the Walmart Rewards Mastercard because you can earn up to $25 Walmart Reward Dollars as a sign up bonus but there are some conditions to get the full amount. $15 will be awarded to your account after you make two qualifying purchases: one at a Walmart store or at and one wherever Mastercard is accepted. These purchases must be made within 30 days of receiving your Walmart Rewards Mastercard. The additional $10 is awarded if you sign up for paperless statements within two statements after you sign up for your Walmart Mastercard.

The earn rate of 1.25% at Walmart stores and at will also appeal to people. Some people may consider this a low return, but the Walmart Mastercard has no annual fee so there shouldn’t be anything to complain about. Purchases made with your Walmart Mastercard outside of Walmart give you a 1% return which is on par with other credit cards with no annual fee.

There are no other benefits that come with this card so if you’re looking for a credit card with travel insurance, then this isn’t the card for you. Again, this card is aimed at people who do the majority of their shopping at Walmart and want to earn cash back on their purchases.

How the Walmart Rewards Mastercard compares to others

Many people instantly brush off the Walmart Rewards Mastercard due to its low earn rate, but when you compare it to other store credit cards, you’ll realize that the Walmart Mastercard isn’t that bad.

For example, the PC Financial Mastercard earns you 25 points per $1 spent at Shoppers Drug Mart which is a 2.5% return, but everyone knows that Shoppers Drug Mart is more expensive compared to Walmart. Although you’re earning more in points with the PCF Mastercard at Shoppers Drug Mart, you’re actually spending more compared to Walmart.

We need to assume that people looking to apply for the Walmart Mastercard are shopping mainly at Walmart. The Tangerine Money-Back Card gives you a 2% return, but that only applies to grocery stores if you’ve chosen it as one of your categories. Generally speaking, only Walmart Super Centres are classified as grocery stores so you’d be earning only 0.5% if you were to use your Tangerine credit card at Walmart.

Some people will say that the BMO Cashback World Elite Mastercard gives you a higher return at 1.5% on all purchases, but the card has an annual fee of $120 and a minimum income requirement of $80,000. Both of those factors may not appeal to Walmart shoppers. Alternatively, if you shop a lot at Canadian Tire, you may want to consider the Triangle Mastercard.

Final thoughts

My Walmart Rewards Mastercard review is positive. Although I would love to see additional benefits specific to Walmart customers such as price protection and extended return policy, this is a decent card for people who do most of their shopping at Walmart.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. Jimbo on December 17, 2019 at 9:27 PM

    Is it true that Walmart employees get 1.33% cashback if they own a WalMart card?

    • Barry Choi on December 18, 2019 at 8:37 AM


      As I’m not an employee, I have no idea.

Leave a Comment

Get a FREE copy of Travel Hacking for Lazy People

Subscribe now to get your FREE eBook and learn how to travel in luxury for less