The Walmart Rewards Mastercard (issued by Capital One) is Canada’s co-branded Walmart credit card — a no-annual-fee Mastercard that earns Walmart Reward Dollars on all purchases, with elevated rates at Walmart Canada stores and Walmart.ca. It is a store-affiliated card with rewards redeemable exclusively at Walmart Canada, making it most valuable for households that shop at Walmart regularly.
Quick Verdict
Best for: Regular Walmart Canada and Walmart.ca shoppers who want to earn rewards on Walmart spending and on everyday purchases outside Walmart, at no annual fee.
Not ideal for: Those who want flexible cash back redeemable against any purchase — a general cash back card (Rogers Red, Tangerine) offers more versatile rewards at similar earn rates.
Key Card Details
| Feature | Detail |
|---|---|
| Annual fee | $0 |
| Additional cardholder fee | Verify at walmart.ca/en/credit-card |
| Purchase interest rate | Verify at walmart.ca/en/credit-card |
| Cash advance rate | Verify at walmart.ca/en/credit-card |
| Foreign transaction fee | 2.5% (typical) — verify at walmart.ca/en/credit-card |
| Income requirement | None stated |
| Network | Mastercard |
| Issuer | Capital One |
| Rewards | Walmart Reward Dollars |
| Welcome bonus | Verify current offer at walmart.ca/en/credit-card |
Card terms, earn rates, and all features are subject to change. Verify all current details at walmart.ca/en/credit-card before applying.
Earn Rates
Verify current earn rates at walmart.ca/en/credit-card.
| Spending Category | Reward Dollars Earned |
|---|---|
| Walmart Canada and Walmart.ca | Elevated rate — verify at walmart.ca |
| All other eligible purchases | Base rate — verify at walmart.ca |
Annual Reward Dollars estimate
At an illustrative 1.25% on $2,000/month non-Walmart spending and elevated rate at Walmart:
- Non-Walmart annual spend: $24,000 × 1.25% = $300 in Walmart credits
- Plus: elevated earn on Walmart/Walmart.ca purchases
This is illustrative. Verify actual rates at walmart.ca/en/credit-card.
Reward Dollars: Walmart-Only Redemption
Walmart Reward Dollars are redeemable at Walmart Canada stores and Walmart.ca. Like CT Money (Canadian Tire) and Amazon promotional credits (Amazon.ca Mastercard), Walmart Reward Dollars are store-specific.
| Card | Rewards | Redemption Restriction |
|---|---|---|
| Walmart Rewards MC | Walmart Reward Dollars | Walmart Canada only |
| Amazon.ca Mastercard | Amazon.ca credits | Amazon.ca only |
| Canadian Tire Triangle MC | CT Money | Canadian Tire stores only |
| Rogers Red Mastercard | Cash back | Any purchase (statement credit) |
| Tangerine Money-Back | Cash back | Any purchase (statement credit) |
For Walmart shoppers who would spend their reward dollars at Walmart anyway, the restriction is not a practical limitation.
Fees and Rates
| Fee | Amount |
|---|---|
| Annual fee | $0 |
| Purchase interest rate | Verify at walmart.ca/en/credit-card |
| Cash advance rate | Verify at walmart.ca/en/credit-card |
| Foreign transaction fee | Verify at walmart.ca/en/credit-card (typically 2.5%) |
Walmart Rewards Mastercard vs. Competitors
| Card | Annual Fee | Earn on Grocery/Retail | Redemption |
|---|---|---|---|
| Walmart Rewards MC | $0 | Verify (Walmart elevated) | Walmart only |
| Rogers Red Mastercard | $0 | 1.5% everywhere | Any (statement credit) |
| Tangerine Money-Back | $0 | 2% (chosen categories) | Any (statement credit) |
| BMO CashBack Mastercard | $0 | 3% grocery | Any (statement credit) |
| PC Financial Mastercard | $0 | PC Optimum at Loblaws/Shoppers | Loblaws/Shoppers |
Who Is the Walmart Rewards Mastercard Best For?
Ideal cardholders:
- Canadian households that shop at Walmart stores or Walmart.ca regularly for groceries, household goods, electronics, or clothing
- Those who want a no-fee card that earns rewards on Walmart spending and all other everyday purchases
- First-time credit card applicants who shop at Walmart and want a straightforward entry-level card
Less suitable if:
- You rarely shop at Walmart — store-only redemption limits utility
- You want cash back redeemable on any purchase — Rogers Red or Tangerine is better
- You want travel rewards or transferable points — an Aeroplan or Avion card is more appropriate
Bottom Line
The Walmart Rewards Mastercard is a practical no-fee store card for regular Walmart shoppers. It earns Walmart Reward Dollars at an elevated rate on Walmart purchases and a base rate on all other spending — useful for households that shop at Walmart regularly for groceries and everyday essentials. The Walmart-only redemption restriction limits its appeal for non-Walmart shoppers.
For those who shop at Walmart as their primary grocery/retail destination, it is a solid supplementary card. For those who want flexible unrestricted cash back, the Rogers Red Mastercard or Tangerine Money-Back Card delivers more utility.
Card terms, Walmart Reward Dollars earn rates, and redemption terms are subject to change. Verify all current details at walmart.ca/en/credit-card and capitalone.ca before applying.