Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Linked Credit Cards
Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.
Card Details
Interest Rates
Cash Advance: 22.97% - 27.99%
Purchase: 20.89% - 26.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
$45 on Approval
Card Type
Cash Back
Our Rating
1.7/5
Institution
Walmart
Rewards
- 1.25% cashback on Walmart store and Walmart.ca purchases
- 1% cashback on all credit card purchases.
Calculating reward breakdowns
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Pros & Cons
Pros
- Installment Payments: Allows you to pay for Walmart purchases in installments over six months.
- Walmart Rewards: Earn 1.25 Walmart Reward Dollars for every dollar spent at Walmart stores.
- Sign-Up Bonus: Get up to $45 in Walmart Reward Dollars when you sign up.
Cons
- Limited Redemption: Rewards can only be redeemed at Walmart and Walmart.ca.
- Lower Rewards: Offers lower rewards compared to other store and cashback credit cards.
- Minimal Benefits: No additional benefits or insurance coverage aside from purchase assurance and extended warranty.
Walmart Rewards™ Mastercard® Review
Walmart Rewards MasterCard is one of the better-known credit cards in Canada, especially for people who buy at Walmart. Pretty much every time you check out at Walmart, you are advertised to get this card!
We at FinlyWealth are not the biggest fan of this card and would rate it as a very average card. Let's get into the details of why we think that.
The Rewards
How You Earn Rewards
The rewards on this card are very straightforward:
- 1.25% on Walmart (in-store) and
- http://walmart.ca/
- Edit
- Edit
- Remove
- Remove
- Walmart.ca (online) purchases.
- 1% on everything else.
You will earn these rewards in Walmart dollars, so you can't redeem them for any purchases, and you can only redeem them for a future Walmart purchase. Psychologically, many people get very happy when they see a good discount applied to their groceries from time to time, so if you are in this group, you can go for this card.
While there are many cards out there that have worse rewards than the Walmart card, there are also many free cards that can beat the reward rate of Walmart Rewards by a huge margin.
Reward comparison to other popular no annual fee credit cards
| Walmart Rewards™ Mastercard® | Simplii Financial™ Cash Back Visa* Card | American Express® Green Card | |
|---|---|---|---|
Welcome Bonus | $45 on Approval | 10% cash back† up to $1,000 in spending | Up to 10,000 points ($210 value) |
Earn Rates |
|
|
|
Insurance Included | 1 type
| 2 types
| 2 types
|
Perks | None | None | 2 perks
|
Annual Fee | $0 | $0 | $0 |
Income Requirements | N/A | $15,000 personal or $15,000 household | N/A |
Apply Now | Apply Now | Apply Now | Apply Now |
Compared to both these cards, the Walmart card earns much fewer rewards and offers fewer benefits; therefore, most people should opt for those instead of the Walmart card.
Welcome Bonus
The welcome bonus for this card is very straight forward. Upon approval you earn $45 in reward which could be used for your Walmart purchases.
1 Benefit of Walmart Rewards
1. Easy approval and No Annual Fee
The Walmart Reward does not have any requirements on Income and also approves most people with a credit score closer to the lower side of the credit score range, so getting this card is easy. In addition, not having to pay an annual fee is always nice.
2 Downsides of Walmart Rewards
1. Average rewards
As mentioned, most of the time, the Walmart Rewards card isn't the best credit card to use, even for Walmart purchases! Therefore, looking for some other cards if you are planning to maximize your rewards would be a great idea.
2. Very Weak insurance and benefits
This card only comes with purchase protection and not even an extended warranty, which is a benefit that almost all free and paid credit cards in Canada have.
There are options to buy travel insurance and other benefits for a monthly fee, but that is not ideal. You can opt-in for another card that already has those benefits and get access to those benefits for free!
Final Verdict
The Walmart reward card is a very average card in terms of rewards and a poor card for benefits, so it's recommended to look around for other cards because you will most likely be able to find one that's better for you!