Advertiser disclosure: CreditLab.ca may earn a commission when you apply through our links. It never changes how we compare products. How we make money
Walmart Reward Dollars are worth their face value: $1 in Reward Dollars takes $1 off a purchase at Walmart stores in Canada or on Walmart.ca. Since September 18, 2025, the Walmart Rewards Mastercards earn 3% at Walmart and 1% everywhere else, with no cap and no expiry, but you can only spend the rewards at Walmart, in $5 steps.
Checked November 2026
Value$1 = $1at Walmart in Canada and on Walmart.ca
At Walmart3%on eligible purchases, before tax
Everywhere else1%on eligible purchases, after tax
Redeem in$5 stepson purchases of $5 or more before tax
Redeem in $5 increments at Walmart stores in Canada or on Walmart.ca
A 3-month statement credit on an annual Walmart+ membership paid with the card
LAB REPORT
Walmart regulars do best with this one, earning 3% back at Walmart in store and online, with no annual fee. The catch is that rewards can only be spent at Walmart, and other stores earn just 1%.
Suits you if
You do much of your shopping at Walmart or walmart.ca
You want rewards with no annual fee
You like using rewards right at the till
Look elsewhere if
You want cash back you can spend anywhere
You spend mostly at other stores, where you earn 1%
You want insurance with your card
Credit Lab Expert
3% back on Walmart purchases, in store and online
No annual fee
Reward Dollars don’t expire while the account is open
$25 in Reward Dollars for new cardholders
Reward Dollars can only be spent at Walmart
1% earn rate everywhere else
No insurance coverage listed
Walmart Rewards (2026): what Reward Dollars are worth and how to use them
LAB REPORT
Best for households that do most of their shopping at Walmart and want a card with no annual fee. You get 3% back at Walmart and 1% elsewhere, but the Reward Dollars can only be spent at Walmart, in $5 steps.
Suits you if
You buy groceries and household items at Walmart most weeks
You want a card with no annual fee
You’d spend the rewards at Walmart anyway
Look elsewhere if
You want cash back you can spend anywhere
Most of your spending is outside Walmart, where it earns 1%
You want to redeem with Apple Pay or Google Pay at the till
Credit Lab Expert
How much will you earn in Reward Dollars?
How much will I earn in Reward Dollars?
You’d earn about$5.00 in Reward Dollars1 Reward Dollar = $1 at Walmart in Canada or on Walmart.ca, redeemed in $5 steps. Rates vary by card, so pick yours above for its exact rates.
Walmart Rewards is the rewards program on Walmart Canada’s credit cards, the Walmart Rewards™ Mastercard® and the Walmart Rewards™ World Mastercard®. Both are issued by Fairstone Bank of Canada. Every eligible purchase on the card earns Walmart Reward Dollars, which you spend at Walmart.
We review the Walmart Rewards Mastercard. The program changed on September 18, 2025, when Walmart and Fairstone relaunched the card with a higher rate at Walmart. Under the terms in force before that, the standard card earned 1% everywhere plus another 0.25% at Walmart.
What Walmart Reward Dollars are worth
One Reward Dollar takes $1 off an eligible purchase at a Walmart store in Canada or on Walmart.ca. That makes the program easy to value: 3% back in Reward Dollars is worth 3% of what you spend, as long as you shop at Walmart anyway.
Walmart’s redemption FAQ says you can redeem for virtually anything Walmart sells, including groceries and Marketplace items from third-party sellers on Walmart.ca.
How you earn Reward Dollars
Earn rates in the Walmart Reward Dollars terms (version U, September 2025)
Where you spend
Reward Dollars
Counted on
Walmart retail locations in Canada and Walmart.ca
3%
The amount before tax
Everywhere else
1%
The amount after tax
Accès Pharma chez Walmart (Québec)
1%
As set by the terms
Klarna purchases
1%
As set by the terms
Some charges earn nothing. The terms exclude balance transfers, purchases on the card’s Installment Plan, purchases through Walmart’s online pharmacy platforms outside Québec, and tips to delivery drivers on Walmart.ca orders.
Walmart says Reward Dollars usually show up the next business day after a purchase posts, and that there’s no limit on how many you can earn.
How to redeem Reward Dollars
In a Walmart storePay with your physical card and have it swiped or scanned at the till. The card reader shows how many Reward Dollars you can use.
On Walmart.caSign in, make sure the card is saved as a payment method, and choose to redeem Reward Dollars at checkout.
Pick the amountRedeem in $5 increments. The purchase has to be at least $5 before tax.
Pay the restAnything the Reward Dollars don’t cover goes on another form of payment.
The terms give a worked example: a $72.35 grocery bill with $63.77 in Reward Dollars on the account. You can redeem $60, the highest $5 step below the bill, and pay the other $12.35 another way. A bill of $4.45 before tax can’t take Reward Dollars at all.
You can’t redeem through Apple Pay or Google Pay. The terms say redemptions in store or online can’t go through a mobile wallet.
Reward Dollars earned on a purchase can’t be used on that same purchase.
They can’t be used on tobacco, lottery tickets, alcohol, prescription medication, money transfer services or cash-like transactions.
On an AutoSave subscription, Walmart says you can redeem on the first delivery only.
Cancel a Walmart.ca order within 30 minutes and Walmart says the Reward Dollars go back to your account.
The two Walmart Rewards cards
From Walmart’s card page
Walmart Rewards Mastercard
Walmart Rewards World Mastercard
Annual fee
None
None
Earn rates
3% at Walmart, 1% elsewhere
3% at Walmart, 1% elsewhere
Walmart+ annual membership
3-month statement credit
6-month statement credit
Income requirement
Not listed
Minimum income required
Extra insurance
Not listed
Purchase Assurance and Extended Warranty
Walmart’s card page offers new Walmart Rewards Mastercard cardholders $25 in Reward Dollars after a single purchase of $75 or more at Walmart in the first 30 days. Check the card review for the current offer.
What a year of Walmart Rewards earns
Walmart’s own example uses $3,550 a month of household retail spending: $1,285 at Walmart and $2,265 everywhere else. At 3% and 1%, that’s about $735 in Reward Dollars a year.
Our example: a household that buys groceries at Walmart
Spending
A year
Rate
Reward Dollars
Walmart, $400 a month before tax
$4,800
3%
$144
Everything else, $1,000 a month
$12,000
1%
$120
Total
$16,800
$264
The 3% does most of the work. If little of your spending happens at Walmart, the card is closer to a 1% card whose rewards you can only spend in one store.
The Walmart+ statement credit
Walmart+ is Walmart’s membership, formerly called Delivery Pass. Pay for a regularly priced annual Walmart+ membership online at Walmart.ca with the card and you get a statement credit, plus applicable taxes: 3 months’ worth on the Walmart Rewards Mastercard or 6 months’ worth on the World version.
Walmart says the credit posts within 45 business days of the purchase. It only helps if you’d buy an annual Walmart+ membership anyway.
Rules that catch people
No expiry, but not forever: Walmart says Reward Dollars don’t expire, yet the terms forfeit them all if you or Fairstone close the account. Spend them before you cancel.
Good standing: you can’t redeem while the account isn’t in good standing, for example after missed payments.
Bring the card: in store, redemptions need the physical card swiped or scanned.
Before tax at Walmart, after tax elsewhere: the 3% is counted on the pre-tax amount at Walmart, the 1% on the after-tax amount everywhere else.
Returns: Walmart says a return refunds the Reward Dollars you used on that purchase.
Who Walmart Rewards suits
It suits households that already buy most of their groceries and essentials at Walmart and want a card with no annual fee. For them, 3% back in something they’ll spend at Walmart anyway is close to 3% cash back.
If most of your spending is elsewhere, or you want rewards you can use anywhere, a cash back card with a strong grocery rate may suit you better. Compare the options on our grocery cards and cash back cards pages.
Frequently Asked Questions
How much is a Walmart Reward Dollar worth?
$1 off an eligible purchase at a Walmart store in Canada or on Walmart.ca. Reward Dollars have no cash value and can’t be used anywhere else.
How much do Walmart Rewards cards earn?
Since September 18, 2025, both Walmart Rewards Mastercards earn 3% in Reward Dollars on eligible Walmart purchases, counted before tax, and 1% everywhere else, counted after tax.
Do Walmart Reward Dollars expire?
Walmart says they have no expiry date. The terms say all Reward Dollars are forfeited if the account is closed, so use them before you cancel.
What is the minimum to redeem Walmart Reward Dollars?
$5. You redeem in $5 increments on a purchase of at least $5 before tax.
Can I redeem Walmart Reward Dollars with Apple Pay or Google Pay?
No. The terms say Reward Dollars can’t be redeemed through a mobile wallet. In store you need your physical card; online you need the card saved on your Walmart.ca account.
Can I use Reward Dollars on Walmart.ca Marketplace items?
Yes. Walmart says Reward Dollars can be redeemed on anything sold on Walmart.ca, including Marketplace items from third-party sellers and groceries.
Is there a limit on how many Reward Dollars I can earn?
No. Walmart says there’s no limit on how many Reward Dollars you can earn.
What’s the difference between the Walmart Rewards Mastercard and the World Mastercard?
Both have no annual fee and earn the same rates. The World version needs a minimum income, gives a 6-month Walmart+ statement credit instead of 3 months, and adds Purchase Assurance and Extended Warranty insurance.
General information for Canadians, not financial advice. Programs change their rules and redemption rates, so confirm the details with the program before you redeem. See our methodology.
