What is the best MasterCard to use at Walmart?

Posted June 15, 2016 - updated June 20, 2016 by cccadmin in ,

Walmart Sign

Walmart Canada announced over the weekend that starting July 18th, their stores across Canada will no longer accept Visa cards. Some experts suggest this move is a way to force Visa to lower the fees charged to Walmart for purchases made with Visa cards.

If no deal is reached, it might make sense for Walmart shoppers to switch to a MasterCard to take advantage of credit card benefits versus other payment methods. Here are some options to consider:

1. Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card is unlike any credit card currently available on the market. The most notable feature is the ability to select 2 specific spending categories that allow you to earn double cash back.

Tangerine Money-Back Credit Card 
Tangerine Money-Back Credit Card
Apply Now
  • Earn 2% Money-Back Rewards on purchases in up to three 2% Money-Back Categories of your choice, and 0.5% Money-Back Rewards on all other purchases.
  • No annual fee
  • No limit on the amount of Money-Back Rewards you can earn
  • Full credit card details
Annual Fee:
$0
Purchase APR:
19.95%
Balance Transfer:
1.95% for 6 statement periods
Cash Advance:
19.95%

2. MBNA Rewards MasterCard

For those seeking a points based card we recommend the MBNA Rewards MasterCard. It’s comes with no annual fee and offers a wide variety of point redemption options including cash back, merchandise, gift cards, travel and more.

MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Mastercard
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  • Get a head start with up to 10,000 bonus points as follows: Receive 5,000 bonus points†† after your first eligible purchase. Receive 5,000 bonus points†† once enrolled for e-statements.
  • Accelerate rewards points on common purchases!
  • No annual fee
  • Full credit card details
Annual Fee:
$0
Purchase APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
24.99%

3. Scotiabank American Express Card

For Scotiabank banking customers, you’re probably carrying a Visa card in your wallet. For those who would like to keep a credit card account with Scotiabank you might consider the Scotiabank American Express Card. The rewards are travel focused, but other redemption options are available.

Scotiabank®* American Express® Card
Scotiabank American Express Card
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  • Earn 5,000 bonus Scotia Rewards points with your first $500 in everyday purchases in first 3 months◊
  • Earn one Scotia Rewards point on all eligible everyday purchases
  • Flexible Point Redemption
  • Full credit card details
Annual Fee:
$0
Purchase APR:
19.99%
Balance Transfer:
22.99%
Cash Advance:
22.99%

4. Walmart Rewards MasterCard

Some people believe Walmart dropping Visa is a way to push consumers towards their own MasterCard. Walmart Canada runs it’s own bank, so that is certainly a possibility. The card is only available in store.

5. MBNA True Line Mastercard

If you carry a monthly balance, it makes sense to get a card with a low interest rate. This card offers a low rate on purchases and balance transfers, so it’s a great option for those looking to reduce interest charges or to pay off a balance. There’s no rewards with this card, but that’s the trade off for getting such a low rate.

MBNA True Line® Mastercard® credit card
Apply Now
  • Standard Annual Interest Rates of 12.99% on eligible purchases, 12.99% on balance transfers✪and access cheques, and 24.99% on cash advances
  • No annual fee
  • You could get a 0% promotional annual interest rate (“AIR”)† for 10 months on balance transfers✪ completed within 90 days of account opening, with a fee of 3% of the amount advanced (minimum fee of $7.50).
  • Full credit card details
Annual Fee:
$0
Purchase APR:
12.99%
Balance Transfer:
0% for 10 months
Cash Advance:
24.99%

Photo credit: Mike Mozart via Flickr