Smart Tips
Pay off your credit card monthly.
By paying your entire bill monthly on or before the due date, you avoid carrying a balance from month to month, and you will not incur interest charges on purchases. If you do not make your full payment, interest on your unpaid balance will be calculated on a daily basis.
Use your credit card for budgeted purchases.
Use your credit card for planned purchases. Make purchases that fit into your monthly budget, and avoid making impulse buys.
Review your statement monthly.
Make sure that all the charges on it are for purchases you made. This will help you monitor your spending and avoid fraud.
Don’t underestimate the impact of late payments.
Late payments may result in higher interest rates and will affect your credit rating. You can protect your credit rating by ensuring your monthly or minimum monthly credit card payments are always made on time by setting up a Pre-authorized Payment Plan.
Avoid cash withdrawals.
They are charged interest from the day you withdraw cash and are not given any grace period like purchases.
Smart uses of your credit card
Spend with confidence.
Credit cards offer the freedom of cash with better security and the ability to track monthly expenses, but remember every time you use your credit card to make a purchase, you’re borrowing money.
Travel.
Leave the cash at home, knowing you’ve got the latest in credit card security working for you, no matter where you visit.
Planning for your future.
Having a well-managed credit card is a great way to build your credit history. Down the road, how you have managed your credit cards can impact your request for a personal loan or mortgage.
Credit Cards offer different Rewards options.
Take advantage of these benefits. Enjoy your Walmart Rewards with the Walmart MasterCard.
A few key words to understand
Interest rate — The annual percentage of interest you pay on the unpaid balance left on your card or cash advances.
Grace period — The time between your purchase date and the day your payment is due.
Minimum payment — The smallest amount you are required to pay on your monthly bill to ensure your account remains in good standing.
Credit limit — The maximum amount of credit that has been assigned to your account.
Cash limit — A portion of the credit limit that you can withdraw in the form of cash. Cash withdrawals attract interest from the date of transaction.
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Privacy Statement Tied Selling Policy Walmart Rewards Terms & Conditions
The Walmart MasterCard is provided by Walmart Canada Bank. All Walmart trademarks are the property of Wal-Mart Stores, Inc. and are used by Walmart Canada Bank license. ®/TM MasterCard and the MasterCard Brand Mark are registered trademarks, and PayPass is a trademark of MasterCard International Incorporated.
*Walmart Rewards are redeemable for savings on future purchases made at Walmart stores in Canada only. Conditions, restrictions and exclusions apply. See Walmart Rewards Program Terms and Conditions for details.
1. As a special promotional offer, bonus Walmart Rewards (a $15 value) will be awarded to your Walmart Rewards account within five business days of making two required qualifying purchases using your Walmart MasterCard: One purchase at a Walmart store in Canada and one purchase at another location anywhere MasterCard is accepted. Both purchases must be made within 30 days of receiving your Walmart MasterCard. Only one bonus will be awarded per account. This special promotional offer is also subject to the full Walmart Rewards Program Terms and Conditions.
2. References to dollars spent in our stores means Walmart stores in Canada, before taxes. Some exclusions apply. See Walmart Rewards Program Terms and Conditions for more information.
◊ Walmart Rewards cannot be redeemed for cash and cannot be redeemed for more than the equivalent dollar value of your purchase. To redeem your Walmart Rewards, you must redeem a minimum of $5.00. If you wish to redeem more than $5.00 worth of Walmart Rewards, you must do so in $5.00 increments.
º The paperless bonus Walmart Rewards offer ($10 in value) will be awarded to your account within two statements after you sign up. Only one paperless bonus per account. This offer is also subject to the full Walmart Rewards Program Terms and Conditions.
