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The best Walmart credit cards in Canada for 2023

Natasha Macmillan, Business Unit Director - Everyday Banking

May 17, 2023

Explore the best variety of Walmart credit cards, tailored to meet your unique needs. Compare, choose, and apply today for a card that matches your purchasing habits.

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Walmart credit cards overview

Natasha Macmillan

Aside from being a large retailer in Canada, Walmart also offers two no-fee credit cards in Canada. The Walmart Mastercards earn Walmart Rewards Dollars when you spend at Walmart, both online and in store, as well as everywhere else you shop.


The Walmart Rewards World Mastercard

  • Annual fee: $0
  • Rewards: Earn 3% back in Walmart Rewards on all purchases from, 1.25% back in Walmart Rewards on all purchases made in-store at Walmart, 1.25% back in Walmart Rewards at any gas station, and 1% everywhere else
  • Interest rate: purchases 19.89%, cash advance 22.97% 
  • Income requirement: $100,000 household
  • Perk: Extended warranty and purchase protection on eligible product purchases 
  • Best for: High-income frequent shoppers at Walmart or seeking redeemable Walmart dollars


The Walmart Rewards Mastercard

  • Annual fee: $0
  • Rewards: Earn 1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart, 1% back in Walmart Rewards at any gas station, and 1% everywhere else 
  • Interest rate: purchases 19.89%, cash advance 21.49% 
  • Income requirement: $12,000 personal
  • Best for: Frequent Walmart shoppers seeking redeemable Walmart dollars

Both Walmart Rewards Mastercards are no annual fee credit cards and have a high earn rate on all purchases. You will earn a minimum of 1% back in Walmart rewards on all purchases which is a good rate of return compared to other no fee credit cards. 

Walmart rewards do not have an expiration date. 

Overall, the Walmart Rewards Mastercards and the Walmart Rewards World Mastercard are both well suited to loyal Walmart shoppers, and in particular families who are seeking a simple rewards system for their brand loyalty. 


Other Walmart Financial services

Besides Walmart's two credit cards, Walmart Financial offers balance protection plans, extended warranty plans, product protection plans, gift cards, and provides money transfers in their stores through a partnership with Western Union.

Walmart Financial’s Balance Protection Plan for Walmart credit cards can cover your payments, should you become unemployed (through no fault of your own), disabled or you are hospitalized. Your entire balance would be paid off in case of critical illness (stroke, heart attack, cancer) or if you or your spouse passes away. Coverage is approximately $0.85 per $100 of your monthly statement balance (plus taxes), if you carry a balance of $25 or more.

For purchases made with your Walmart credit card, you have the option of getting an Extended Warranty Plan that protects all eligible Walmart credit card purchases for up to two additional years past the manufacturer’s warranty. This plan costs $3.99 per month (plus applicable taxes), in any month you carry a balance of $25 or more.

Walmart Financial also provides an optional Product Protection Plan for all purchases made in store or online that can replace a failed or damaged product for one to two years. The Product Protection Plan is available for general merchandise, including desktop computers, laptop computers, pre-paid mobile phones and more.


More on Walmart Financial

Walmart Financial is a division of Walmart Canada Corp., owned by Walmart Stores, Inc., which was established in 1994. Walmart has over 9,000 discount retail stores in 28 countries, employs 2.2 million associates worldwide and serves more than 245 million customers each week. It is one of Canada’s largest retailers, along with Costco, Shoppers Drug Mart, Canadian Tire and Home Depot.

What credit cards does Walmart offer?

Are these the best credit cards to use at Walmart?

Natasha Macmillan, Business Director of Everyday Banking

With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help's 1,200,000 monthly users get matched with the right banking products. read more


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