June 15, 2010
Walmart Canada Bank launches Walmart Rewards MasterCard
MISSISSAUGA--A new credit card from Walmart Canada allows cardholders to earn Walmart Rewards on everyday spending to redeem on everyday needs and wants, the company says. Walmart Canada Bank, a subsidiary of Wal-Mart Canada Corp., unveiled the Walmart Rewards MasterCard.
"The Walmart Rewards MasterCard gives cardholders flexibility in earning rewards and tremendous selection on the merchandise they can redeem them for," said Trudy Fahie, President and CEO of Walmart Canada Bank. "Walmart Rewards can be earned anywhere MasterCard(R) is accepted and used to purchase merchandise at Walmart Canada's already unbeatable prices, from groceries to electronics, depending on what cardholders need or want."
Walmart Rewards are earned in dollar equivalents - not points - making it easy for cardholders to know how much they have to redeem. Walmart Rewards can be earned on a cardholder's everyday spending, from groceries to gas. Cardholders earn 1.25 per cent of their purchases in Walmart Rewards for virtually every dollar spent at Walmart Canada and 1 per cent of their purchases in Walmart Rewards when used virtually anywhere else MasterCard is accepted. There are no limits on how many Walmart Rewards cardholders can earn.
Walmart Rewards can be redeemed instantly on future purchases, in five dollar increments, at the cash register of any Walmart Canada store nationally. Five Walmart Rewards equal five dollars in redemption value. When redeeming their Walmart Rewards, cardholders can choose from hundreds of thousands of products at Walmart Canada's unbeatable prices, so they can stretch their Walmart Rewards further and save even more.
As a special offer, when cardholders use their Walmart Rewards MasterCard once at Walmart Canada and once anywhere else MasterCard is accepted within the first 30 days, they can earn a one-time Walmart Rewards bonus redeemable for a $15 value. When they opt to have paperless statements, cardholders can earn a one-time Walmart Rewards bonus redeemable for a $10 value.
Customers can apply for the Walmart Rewards MasterCard at the register inside Walmart Canada stores and at Walmart Rewards MasterCard in-store kiosks, where available. Customers can qualify instantly, if approved, and start using their Walmart Rewards MasterCard immediately.
"Customers are always asking Walmart for more ways to help them save money and stretch their budgets further," added Fahie. "The Walmart Rewards MasterCard was developed with our customers in mind and the Walmart Rewards program focuses on giving them value when they spend on and need life's everyday things."
Cardholders can review transactions, check their Walmart Rewards balance and make payments, anytime and anywhere, when they register their account at walmartcanadafinancialservices.ca. They can also manage their Walmart Rewards MasterCard account via telephone.
Like Wal-Mart Canada Corp., Walmart Canada Bank aims to make a positive difference in the lives of Canadians by supporting charitable initiatives. From June 15 until July 15, 2010, Walmart Canada Bank will donate one dollar to the Children's Miracle Network (CMN) for every application it receives in-store. CMN is a non-profit organization dedicated to saving and improving the lives of children by raising funds for children's hospitals. Wal-Mart Canada Corp. is CMN's largest corporate donor and has raised and donated more than $50 million since 1994.