Customer Loyalty Program- Walmart Rewards MasterCard

Hey everyone, so let us continue with our previous post regarding the three different types of loyalty cards in Canada. We have already discussed about the Air miles rewards program which is offered in Metro and other affiliate stores such as Rona, Canada Safeway etc. We will now talk about the loyalty program offered at Walmart. Walmart offers a loyalty program that is called the 'Walmart Rewards MasterCard'. It is essentially a credit card combined with a rewards system whereby you can use the card in Walmart as well as other retail outlets that accepts MasterCard and still earn rewards. When making purchases at Walmart outlets in Canada, you will be able to earn 1.25% of your purchases. When making purchases at any other retail outlet besides Walmart and where MasterCard is accepted, you would then be able to earn 1% of your purchases as rewards. The rewards earned can be redeemed at any cash register when you make your purchases at Walmart. Another key feature of this loyalty program is that the minimum redemption is only $5 which is relatively low compared to other stores. This means that you can redeem your rewards at Walmart once you have earned at least $5 and rewards can redeemed in $5 increments that is when you earn $5, $10, $15 that's when you can redeem your rewards. For instance, let us assume you have earned $9 on your card and you want to redeem them, however the cash register will allow you to redeem only $5, this is because the card only allows you to redeem rewards when you have reached the $5 increments, in this case the increment should be up to $10 in order to redeem $9. Furthermore, Walmart Rewards do not have an expiration date; it will remain in your account. To apply for this loyalty program, you can go online to the company website or go to any Walmart store outlet and register with the assistance of the cashier at the cash register or at the customer service desk.
 

However, one important factor you need to consider is that this loyalty card is essentially a credit card. The grace (Interest free) period is 21 days and the annual interest rates for the 3 different types of accounts offered  are:

Annual Interest Rate

19.89% is Our Preferred Rate. 21.49% is the Cash Interest Rate. 25.99% is the Standard Rate.

Source of Picture: Walmart Canada Company Website- Application Webpage
Website: https://walmartrewardsmastercardapp.ca/OnlineApplicationPreQualification.aspx

Therefore you need to be careful in the sense that you pay the balance on time on your card, and maintain a good credit rating. In order to pay the balance on your Walmart MasterCard you can simply go to any cash register at a Walmart outlet or, and pay your due or part of it to the cashier.