Walmart is generally considered as the world’s biggest dominant retailer. This is also the same in Canada as Walmart serves over 2 million Canadians daily. Walmart is able to establish a strong base in Canada due to its great prices, preference, and convenience.
The accession of Woolco Canada by Walmart saw to the birth of Walmart Canada in 1994, and since then has grown in an arithmetic progression. Today, Walmart has over 400 stores (334 Supercentres and 76 discount stores) all over the country with almost 100,000 Canadians being employed.
To better serve and reward customers shopping at its stores, Walmart came up with the Walmart Financial Services Canada.
Customers get to receive a variety of rewards via the Capital One Walmart Rewards Mastercard which can easily be claimed at over the counter register in any Walmart store or at Walmart.ca store.
Apart from the Walmart Rewards Mastercard, Canadians also have the opportunity to use other credit cards issued by any of the common credit card providers to better serve their own shopping habits.
Best Credit Cards To Use At Walmart Canada
The aim of this review is to expose readers to suitable credit cards best for spending and receiving rewards at Walmart in 2020.
It might come as a surprise to most readers to learn that the official Walmart’s Mastercard is not necessary the best and that other credit cards manage to best it in some aspect.
Some of the best credit cards to use for Walmart comes from the Amex, Mastercard, and Visa networks and this is because they all categorize Walmart Supercentres to be in the ‘grocery’ section.
This implies that rewards and cashback cards with increased earning rates for grocery purchases, and including those with a flat rate “all-purpose” purchase category, are all applicable to Walmart.
It is also important that cardholders put into consideration when choosing other credit cards that they will not be shopping only at Walmart so as to maximize the card’s benefits.
1. Walmart Rewards Mastercard
Walmart in partnership with Capital One came together to issue the co-branded card Capital One Walmart Rewards Mastercard. And just like the regular credit cards, this can also be used to make purchases anywhere.
The Walmart Rewards Mastercard offers incredible opportunity in terms of savings on all purchases by cardholders at all Walmart stores across Canada.
It offers a competitive 1.25% cashback on every daily purchase made at any Walmart store and 1% cashback on all purchases made elsewhere.
Pros Of Walmart Rewards Mastercard
- Minimum 1% back in rewards
With 1% back in rewards guaranteed on all purchases (1.25% at Walmart), then you are certain to get a generous return on all purchases you make on the card. This in fact is a substantial offer as not many credit cards provide a minimum return of 1% in Canada.
- Zero annual fee
This card is without an annual fee so you don’t always have to spend a lot to justify being a cardholder. In addition to this card is the free supplementary cards it offers to allow you to boost your rewards earning power.
- Welcome bonus of up to $25
You might be considering that $25 won’t do much but honestly, it’s still much better than receiving nothing at all.
To earn your first free $15, two eligible purchases must be made in the first month of acquiring the card with one of them being at Walmart. To earn the remaining $10, you are required to register for electronic statements within 2 statement intervals.
- Low minimum annual income requirement
An individual is expected to earn a minimum required annual income of $15,000 to be able to qualify for the card. This makes the wide majority of Canadians qualified candidates for the card.
Cons Of Walmart Rewards Mastercard
- Rewards are restricted to Walmart
Due to the fact that the rewards program is established on Walmart Reward Dollars, its usage is only therefore at Walmart and not anywhere. This is quite restricting, especially in comparison to cashback credit cards.
- No insurance coverage
The primary disadvantage with this card is the zero insurance coverage on price or travels which other cards easily provide
- The High Walmart Store Rewards are temporal
After a year of using the Walmart Rewards Mastercard, the generous 5 points-per-dollar rewards rate offered on in-Walmart store purchases is reduced to just 2 points.
However, the 5-points rate still applicable to online or Walmart app purchases, and on grocery pickup and deliveries.
But if you are the type that does most of your shopping in stores, then this drop in points might be quite disappointing.
Bonus Offering By Capital One Walmart Rewards Mastercard
The traditional bonuses such as cash-back or discount on first purchases are not offered by this card. However, cardholders are offered a one-year promotional period seeing that users receive 5 points for every dollar spent.
In addition to this, as long as you use your card to pay for in-store purchases, a bonus of 2 points is also earned at a regular rate.
Downloading Walmart Pay or using the Walmart Rewards Mastercard via the mobile app sees you be considered eligible for these bonuses.
Rewards Earning Details
For the duration of one year, you will continue to receive 5 points for each dollar you spend on purchases either via the Walmart app or online at Walmart.com or via and these include delivery and pickups for groceries.
In addition to points earned at Walmart stores, double points are also earned on every dollar spent at the Murphy fuel stations (USA), restaurants, and travel purchases. Individuals also get to earn a point on every other type of purchase.
Redeeming Walmart Rewards
With this card, individuals are restricted from redeeming rewards in the form of cash. Instead, gift cards, statement credits, and travel purchases are made available for cardholders to exchange their points with.
Individuals are also allowed to earn statement credits for distinct purchases given that they make the request within 3 months of posting the transaction. Whatever the case may be, the monetary value of a point is 1 cent.
In redeeming your points, you can use the app or put a call through to Capital One. Either of the two methods can be used depending on which is convenient for you.
How To Maximize Your Walmart Rewards?
To fully enjoy the benefits this card has to offer, the trick is to always shop at the local Walmart store closest to you and use this card for payment for all purchases.
Each time you do this, the online payment or payment through the mobile app should always be considered first so as to improve your earnings.
We recommend making all payments online as this earns you an extra 3 points for every dollar you spend.
Luckily enough, this online shopping does not translate to extra cost on delivery or delay in delivery time.
Walmart makes it easier on online shoppers to get their product on the exact day as they can easily pick up all items purchased online at the closest Walmart store
To better understand the benefit of this strategy, let’s go with the assumption that an individual shop at a Walmart store every single week and spends $53 on each stop to the local store.
This will result in annual spending of approximately $2,800 and all things being equal, his/her points will worth $53 in monetary value as the Walmart Rewards Mastercard is used for all in-store purchases.
A sum of $143 would be earned by you if you use the card for all purchases online or via the mobile app.
Also, one of the perks of using Walmart Rewards Mastercard is the introductory promotion of a 5-points-per-dollar rewards rate. For you to fully maximize this, make sure you download the payment app on your mobile device immediately you receive the card.
The Walmart Rewards Mastercard comes with two important security components that aren’t common among big card providers.
The first one being the capacity to get your card locked from your mobile device via the Walmart app. This is very useful in protecting your money in the case where your card gets stolen or misplaced.
The second feature is the ability to generate electronic numbers for your credit card when shopping online. This allows you to create various digits for every online retail store you make purchases on.
2. Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card is one of the biggest and most consumer-friendly cash back credit cards on the Canadian market presently.
Tangerine offers low fees and high-interest savings accounts on its credit card disrupting the market standards.
With a modifiable program in place, cardholders are offered the choice to specify their cash-back categories, increase their earnings, and accessible income threshold. This flexibility gives Tangerine an edge over almost every other no-fee cashback card in the country
The fact that all these flexibility and benefits offered by the Tangerine credit card come at no cost to the cardholder makes the card a holy grail of all cashback credit cards.
Features Of The Tangerine Money-Back Credit Card
Zero annual fee
Welcome offer of 1.95% balance transfer for 6 months
Maximum reward rate of 2% in up to 3 merchant categories of your preference
Personal annual Income eligibility of $12,000
Interest rates of 19.95% on all purchases, cash advances, and balance transfers
Pros of Tangerine Money-Back Credit Card
- No Annual Fee
Owning this card comes at no risk whatsoever since it costs $0 in keeping it in your wallet. Technically, you’re earning money by being a cardholder.
- Unlimited Cash Back
In comparison to many other cash back credit cards having bonus categories, Tangerine offers no restrictions on how much cashback one can earn be it the bonus categories or not.
- 2% Cash Back In Up to 2-3 Categories
A sum of 2% cashback is earned on all purchases in the two Money-Back Categories of your preference. Redeeming your cash back as a statement credit gives you the opportunity to make a choice from any two categories. To have the option of choosing from 3 categories, you must redeem your cash back earnings into a Tangerine Savings Account.
- Balance Transfer Offer of 1.95%
Cardholders get to pay merely 1.95% interest on balances transferred to Tangerine from any other cards for 6 months. This is only applicable if the transfer is done within a month of getting the card.
- Various Categories to pick from
Cardholders are given the opportunity to choose between two to three categories the best categories that best suit their spending habits. For example, Tangerine’s Grocery category includes ANY purchases made at Walmart Superstores such as electronics, pharmacy, clothes, and so on.
- Rewards Paid Automatically
In comparison to other cash back cards, redeeming rewards is quite simple and convenient. For each month, it is either your cashback earned is applied against the balance on your credit card statement, or your cash back earned is directed into your Tangerine Savings Account. Unlike other cash back cards that only provide individuals with statement credit at the end of every year or have $50 redemption minimums
Cons Of Tangerine Money-Back Credit Card
To be sincere, there aren’t lots of shortcomings to be found when it comes to tangerine Money-Back credit cards. The few to be considered are;
In comparison to other top cashback cards, Tangerine offers a poor insurance package.
A standard foreign currency transaction fee of 2.5% is charged on all international purchases
5% cash-back offered on regular purchases is considerably low when compared to many other cash back credit cards out there
3. SimplyCash Card From American Express
If you’re looking for a combination of insurance coverage, cashback reward, and a low-rate balance transfer then SimplyCash Card from American Express is ideal for you.
This card is ranked as one of the best cashback cards in Canada. Having no annual fees, this credit card is technical risk-free and certainly worth looking into.
In terms of bonuses and extras, the AMEX SimplyCash Card offers new cardholders a 2.50% cashback on all spendings made within the first 90 days (max of $150 value) and 1.25% subsequently.
The AMEX SimplyCash Card offers more in addition to the cashback rewards. Cardholders also get to benefit from purchase protection, extended warranty, and travel accident insurance.
Features Of SimplyCash Credit Card
Zero Annual fee
Welcome offer of 2.50% cashback for the first 3 months and 1.99% balance transfer for 6 months
An interest rate of 19.99% on purchases and 22.99% on cash advances and balance transfers
No minimum income requirement
Maximum reward rate of 1.25% (flat-rate)
Pros of SimplyCash Credit Card From American Express
- No annual fee
With its competitive cashback rate it offers on all your spendings, the card definitely worth it for a no-fee credit card. There are also 9 extra cards available for free
- Welcome Bonus
A 2.5% cashback offer on all purchase (maximum of $6,000) in your first 3 months is actually a pretty good deal. You get exactly $150 in cashback if you max your purchases.
- Unlimited cashback rate
An unlimited flat cashback rate of 1.25% on daily purchases is offered immediately after the promotional period ends.
- A competitive 1.99% rate on balance transfers
New cardholders get to enjoy a low-rate balance transfer of 1.99% for the first 6 months which can be up to $7,500 or generally, 50% of your credit limit.
- Insurance Coverage
This card offers Insurance coverage which extends to Travel Accident, Car Rental Theft & Damage Buyers Assurance, and Purchase Protection.
Cardholders can get up to $100,000 on travel accident insurance. However, your travel tickets must be charged to your card before you can enjoy this coverage.
Purchase protection is however available for 3 months and can be up to $1,000 per occurrence. American Express further provides an extended warranty up to one extra year.
The American Express also gives the avenue to purchase tickets easily to high demand events. It also comes with special AMEX offers, express service, and lots more.
Cons Of The SimplyCash Card From American Express
No doubt this card offers a lot with its flat-rate cashback rewards and simple structure. However, there are one or two drawbacks to using the American Express. These include;
Unlike Visa and Mastercard, American Express cards are not as widely accepted.
Cashback rewards earned are only redeemable once each year. This is not good enough as credit cards such as the Tangerine Money-Back Card which credits cashback earned on a monthly basis
Even though the insurance option offered by the SimplyCash Card is at the top level, it is still quite limited
4. The MBNA Rewards Platinum Plus Mastercard
This is a simple card that provides an accelerated accumulation of rewards on a consumer’s preferred purchases. It also offers a decent welcome bonus and an incredible regular rate on all purchases on top of the exemption from an annual fee.
If you’re looking to receive points wand not wanting to change your shopping habits or following strictly regulated rules on redeeming your points, then the MBNA Rewards Platinum Plus the is best for you.
Features Of MBNA Rewards Platinum Plus Mastercard
Zero Annual fee
Welcome offer of 10,000 points
No minimum income requirement
The interest rate of 19.99% on purchases
An interest rate of 99% on balance transfers
An interest rate of 24.99% on cash advances
How MBNA Rewards Platinum Plus Mastercard Works
On any eligible purchase made with the Rewards Platinum Plus Mastercard a point is earned per $1spent, at any store. You don’t have to worry about the term “eligible” as it is defined loosely as any transaction that isn’t a cashless a transaction such as balance transfers, returns, cash advance and so on
To complement these constant reward points, double reward points are also offered to cardholders on payments in three different categories; grocery, gas, and restaurant.
Earning 2 points for every $1 spent at any grocery store or gas station restaurants is incredible, however, it is important for cardholders to know that each of these three earning categories has a $5,000 annual transaction peak.
This implies that at the rate of double points being earned on each dollar spent, cardholders will earn a maximum of 10,000 Rewards points in each of the categories every single year.
Immediately cardholders reach the $5,000 spending cap in any of the three categories, the regular rate of 1 point for every $1 will be earned in such a section for the concluding part of that year since no restriction is placed on the maximum points a cardholder can earn.
For newly registered remembers, a total of 4 points is earned for every dollar spent on the purchase of groceries, restaurants, and gas within the space of 3 months.
Cardholders can redeem their Rewards points on nearly whatever they want, be it cash back, gift cards, merchandise, and travel bonuses such as car rentals, air tickets, hotel costs, and so on.
However, the value of your reward point depends on what you are redeeming it for. For instance, when redeeming your points for travels, the monetary value for 100 points is $1 and while for cashback, the monetary value of 200 points is $1.
The rate offered to redeem reward points for cashback is quite low and this is a heartbreaking factor for cardholders who will want cashback. You might want to consider another option like a credit card specially made for cashback if you’re really into cashback.
Pros of MBNA Rewards Platinum Plus Mastercard
New cardholders get a bonus of 4 points per one dollar spent on purchases on groceries, restaurants, and gas within the duration of the first 3 months.
A double point is earned by all cardholders for every $1 spent on gas, groceries, and restaurant purchases as long as the annual peak of $5,000 is not reached on each category. Above the annual caps, a point is earned per one dollar spent on all eligible purchases.
Cardholders get to receive 5,000 reward points after they spend $500 or more on eligible purchases in the space of 3 months of opening an account.
Another 5,000 reward points are offered to individuals who register for paperless e-statements in the space of 3 months of opening an account.
Redeem points can be used for wide varieties of things such as travel, cashback, products for brand-name, electronic gift cards, and donations to charitable
Cons Of MBNA Rewards Platinum Plus Mastercard
The MBNA Rewards Platinum Plus Mastercard suffers a major drawback because it offers so many features and doesn’t specialize in any. This implies that for every benefit offered by the MBNA Rewards Platinum Plus Mastercard, there’s a better alternative out there.
For instance, for those looking to redeem points for cashback both Tangerine cards are better alternatives you can try out as they both offer a cashback reward of 2 %
However, the impending downgrade in the value of the points to be redeemed for cash back gives the card more edge over other cashback cards in terms of redeeming for travel.
5. The Tangerine World Mastercard
The Tangerine World Mastercard is quite similar to the older version; the Tangerine Money-Back Credit Card.
However, there are some differences between both cards as the Tangerine World Mastercard has a few more perks and benefits to offer.
The Tangerine World Mastercard is a unique type of credit card that offers unlimited regular 2% cashback to different categories of spending of your choosing.
And above all, cardholders are offered extra benefits and complimentary insurance to make their experience much more rewarding.
So let’s have an insight into what makes this card so special, why you should go for it, and what makes it so unique.
Features Of Tangerine World Mastercard
No annual fee
Unlimited 2% cashback rate in up to three different categories
Cashback of 0.50% on purchases other than Walmart store
95% balance transfer rate for 6 months
Insurance for rental car collision/loss damage
Insurance for mobile device
Lounge key provides for airport experiences for Tangerine Mastercard
Offers purchase protection and extended warranty
Admission to Boingo Wi-Fi for Mastercard
Before an individual can be considered qualified for the Tangerine World Mastercard, these following criteria have to be met;
You are a Canadian citizen or permanent resident who meets the minimum age requirement of 18 years old or 19 in some provinces
Have a personal minimum annual income of $60,000 or a minimum household income of $100,000.
Pros Of Tangerine World Mastercard
- Zero Annual Fees
Owning this card comes at no risk whatsoever since it costs $0 in keeping it in your wallet. Basically, you’re earning money by being a cardholder.
- Zero liability
If your credit card is used by someone to make unauthorized purchases, you won’t be liable
- Extended warranty
For any item purchased with this credit card, the manufacturer’s warranty period will be doubled reaching up to a year or more.
- Purchase protection
All items bought with this credit card are covered for a period of 90 days in case there is damage or it gets stolen.
- Priceless cities
This benefit is available via all Mastercard credit cards. Cardholders get to have access to extraordinary offers and special events via the Priceless Cities program.
Past these benefits, cardholders also get to have access to premium insurance coverage and other rewards such as:
- Rental car loss damage insurance
Given that you pay for rentals with your credit card, you will automatically be offered a damage and theft protection for car rentals up to a period of one month.
- Mobile device insurance
Purchase of any cell phone, smartphone, or tablet with this credit card gets you insurance coverage of up to $1,000 in case the device gets lost, stolen, or damaged.
- Mastercard Airport Experiences Offered by Lounge key
The Tangerine World Mastercard grants you a complimentary membership which gives you access to exceptional offers in over 400 airports in 120 countries and more than 900 clubs for just $32 USD for each visit.
Furthermore, cardholders can also access Boingo Wi-Fi which is available for Mastercard at over 1 million Wi-Fi hotspots worldwide via the Boingo Wi-Fi for Mastercard Cardholders.
Cons Of Tangerine World Mastercard
- Difficult to qualify
The primary drawback of this card is its qualification requirement. To qualify for this card, one is expected to a minimum personal income of $60,000 or a household income of $100,000 which is pretty high.
- Airport lounge access
Even though airport lounges are discounted, you are still expected to make a certain payment for you to have access to these eligible airport lounges.
- High interest
An interest rate of 19.95% is charged on this card on any outstanding balances you have.
- No travel insurance
The Tangerine World Mastercard comes with neither travel medical nor trip interruption nor cancellation insurance coverage on time spent overseas.
- Foreign transaction fees apply
For all international purchases, a currency conversion fee is expected to paid by you. This really plays to your disadvantage when you make large international purchases.
- 5% of cashback all spending is fairly low.
Frequently Asked Questions On Walmart Credit Cards
Below are some of the most Frequently Asked Questions About Walmart Canada:
1. Is the Visa card accepted at all Walmart stores in Canada?
That’s a big Yes!! For those who love shopping at Walmart stores across Canada, the Visa card is accepted. Other major providers like the American Express credit card and Mastercard are also accepted
2. What is the Walmart credit card application process?
Applying for the credit card is quite simple. Just walk into any Walmart store across the country to apply or rather get it done at the comfort of your home online here.
3. How can I make payment for the credit card balance?
Payments can always be made into your account online or at any local Walmart store across Canada. You can place a call to 1-888-331-6133, or visit your bank’s teller in person.
4. Is activating my Walmart credit card necessary?
To be able to use your card, you must first activate it. This can easily be done by putting a call to 1-888-779-2977. For additional questions, you can also put a call to 1-888-331-6133.
Let me know your thoughts and comments below, do share this article on social media and help spread the word. Thanks for reading!
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Sagar Sridhar is a personal finance blogger from Canada. His genuine passion for personal finance coupled with his unique style of writing is what stands out. Professionally, he is a computer engineer, agile certified and has a master’s degree in Project Management. His writing has been featured or quoted in the leading Canadian publications such as Credit Canada and many other personal finance publications. While he is juggling between his day job and blogging, he is the main author on this blog and has miles to go before making the final pit stop.