A no-fee card that pays a solid 3% at Walmart. Worth it only if you shop there regularly, since rewards can't be spent anywhere else.
No annual fee · First-year net value ≈ $80 · Walmart Reward Dollars
Issuer hub · Updated Oct 4, 2026
Walmart Rewards Credit Cards in Canada
Every Walmart Rewards card we track, ranked by Standard Score: no-fee Fairstone Bank Mastercards earning 3% in Walmart Reward Dollars on Walmart spend.
| # | Card | Standard Score | Annual fee | First-year net value | Currency | Current offer |
|---|---|---|---|---|---|---|
| 1 | Walmart Rewards Mastercard Walmart Rewards | 4.0/10 | None | ≈ $80 | Walmart Reward Dollars | See offer |
| 2 | Walmart Rewards World Mastercard Walmart Rewards | 3.9/10 | None | ≈ $85 | Walmart Reward Dollars | See offer |
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Every Walmart Rewards card, ranked
The same 3%/1% Walmart earn as the base card, with added purchase insurance and Delivery Pass months. The income hurdle buys perks, not a better rate.
No annual fee · First-year net value ≈ $85 · Walmart Reward Dollars
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Every Walmart Rewards card here is scored on the same Standard Score as the rest of the site: see how it’s built, or browse the full card database.
How the Walmart Rewards Mastercard works
Walmart's credit cards are issued by Fairstone Bank of Canada (formerly Duo Bank), and there are two: the Walmart Rewards Mastercard and the Walmart Rewards World Mastercard. Both have a $0 annual fee and the same earn:
- 3% back in Walmart Reward Dollars at Walmart, in store, on walmart.ca and on Walmart Marketplace.
- 1% back everywhere else Mastercard is accepted.
Reward Dollars redeem 1:1 at Walmart in $5 increments and don't expire, but they can only be spent at Walmart. There's no statement credit or cash-out. The current welcome offer on both cards: $25 in Walmart Reward Dollars after a single purchase of $75 or more within 30 days of approval.
Walmart Rewards Mastercard vs World Mastercard
The earn rate is identical. The World Mastercard adds purchase assurance and extended warranty and more free Walmart Delivery Pass months. It's a World tier, not World Elite, and Fairstone publishes no fixed income minimum for it: approval is based on income and credit, and base cardholders can be upgraded after $15,000 or more in a year's spending.
Watch the interest rate. Preferred Rate Card shown; applicants approved only for the Standard Rate Card pay 26.99% purchases / 27.99% cash advances. Cash-advance rate 21.99% in Quebec.
Who it's for
If a big share of your spending happens at Walmart, 3% back with no fee is a strong return. If it doesn't, the 1% base rate and Walmart-only rewards make it a weak everyday card; our cash-back ranking lists better no-fee options.
Frequently asked questions
Who issues the Walmart Rewards Mastercard?
Fairstone Bank of Canada, formerly Duo Bank. Walmart runs the Walmart Rewards program; Fairstone is the lender.
What credit score do you need for the Walmart Rewards Mastercard?
Fairstone doesn't state a minimum credit score in the card terms we reviewed. It decides approval on your credit file, including whether you get the Preferred Rate card (21.99% on purchases) or the Standard Rate card (26.99%).
Where can I use Walmart Reward Dollars?
Only at Walmart, in store or online. They redeem 1:1 in $5 increments and don't expire, but there's no option to redeem them for cash or a statement credit.
Does the Walmart Rewards Mastercard have an annual fee?
No. Both the Walmart Rewards Mastercard and the World Mastercard have a $0 annual fee.
Is the Walmart Rewards World Mastercard a World Elite card?
No. It's a World Mastercard, a tier below World Elite. It earns exactly the same rate as the base card; the upgrade adds purchase insurance and extended warranty.
Issuer, eligibility and redemption details are from Fairstone's cardholder agreement and disclosure statement, as reviewed September 23, 2026. Card rates and fees are from our reviews.