Major updates coming to Walmart Rewards Mastercard in Canada
Walmart Rewards Mastercard holders in Canada are about to get even more bang for their buck with significant updates to the credit card.
Walmart Canada announced the launch of its enhanced, no-fee Walmart Rewards Mastercard on Thursday, 15 years after the credit card’s inception.
Issued by Fairstone Bank of Canada, the updated Walmart Rewards Mastercard allows users to earn three per cent on purchases in Walmart Canada stores and online, including Marketplace, and one per cent on purchases made everywhere else.
Walmart Rewards Mastercard (CNW Group/Wal-Mart Canada Corp.)
Cardholders can also save their rewards on their terms, earning unlimited Walmart Rewards Dollars that never expire.
“Canadians continue to feel the pressure of rising costs and are looking for ways to stretch their dollar a little further,” said Joseph Godsey, chief growth officer at Walmart Canada.
“With a higher earn rate on Walmart purchases, our upgraded Walmart Rewards Mastercard has been redesigned with our customers’ feedback in mind to help cardholders earn even more with every swipe, every tap and every purchase – no matter where they shop.”
In addition to more rewards, the updated Mastercard also provides up to six months free of Delivery Pass with the purchase of an annual Delivery Pass subscription. New cardholders are also eligible to receive a special welcome bonus of $25 in Rewards Dollars.
According to the retail giant, this launch is a part of its ongoing commitment to deliver everyday low prices to Canadians. It comes in tandem with Walmart Canada lowering prices on hundreds of key items.
Other new Walmart Rewards Mastercard features are:
- Reward Dollars are earned in dollar equivalents, making it easy for cardholders to track how much they’ve earned and can redeem
- Reward Dollars are redeemed in $5 increments via checkout in-store or on Walmart.ca
- Customers can conveniently apply for a card in person at a Walmart store or online at WalmartRewards.ca
If you’re already a Mastercard cardholder, you will automatically receive the updated benefits on your current credit card.
The retailer isn’t the only company enhancing its rewards card. Last week, WestJet and RBC announced significant changes for Canadian WestJet RBC Mastercard holders.