Best store credit cards in Canada

Store credit cards reward loyal shoppers with extra savings and benefits. Read our article to see which are the best store credit cards Canada offers today.

While we adhere to strict editorial guidelines, partners on this page may provide us earnings.

Store cards are a unique type of credit card that help you earn rewards with a specific brand, offering discounts, deals, and exclusive events.

The best things in life, as they say, are free. The second-best things? They’re the things you scored with a sweet deal. The right store credit card can unlock access to exclusive offers and help you save more money in stores where you already shop.

Let’s be clear, we’re not talking about a lame retail credit card that only offers financing on big purchases—we’re talking about top store cards you can use to earn points or cash back no matter where you shop. Shopaholics, deal hunters, and coupon clippers take note: Here’s our take on the best store credit cards in Canada that genuinely reward your business.

Top 3 store cards

PC® Mastercard®

Apply Now

$0 Annual Fee

Good Recommended Credit Score

$15,000 Required Annual Personal Income

Amazon.ca Rewards Mastercard®

Apply Now

Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants. Valid for the first 6 months, on your first $3,000 in eligible purchases††.

$0 Annual Fee

Fair Recommended Credit Score

$0 Required Annual Personal Income

CIBC Costco Mastercard®

Apply Now

$0 Annual Fee

Good Recommended Credit Score

$15,000 Required Annual Personal Income

  • Why you can trust Money.ca's best store cards in Canada list

    +

    Money.ca rates all credit cards on a numeric scale of 1 to 5 stars, with 1 being the lowest and 5 the highest rating, respectively. Money.ca’s proprietary scoring formulas break down the confusing language, complex points, rewards and earn rates to give you the real data that caters to your needs first, not ours.

    Our partnerships have no impact on our ratings, which are solely determined by the merits of each card. To learn more about how we researched and ranked these cards, read our full credit card review methodology.

    And don't forget to check out our Best Credit Cards Canada list afterwards.

Best for groceries

Best for gas and groceries

$316

First Year Value

$0

Annual Value

Learn More Apply Now On PC Financial's Secure Site

There’s a good chance you’re already collecting PC Optimum™ points; using the PC® Mastercard® can supercharge the number of points you earn. Combined with the PC Optimum™ program cardholders can get a total of up to 25 points per $1 spent on eligible purchases at Shoppers Drug Mart and Pharmaprix; at least 2c per litre in PC Optimum points at Esso and Mobil in Canada; 30 points per $1 when purchasing travel through President’s Choice; and 10 points per $1 spent on all other purchases.

Why the PC Mastercard is great for shopping:

  • No annual fee: It’s cheaper than a loonie toss at the local fair! This card lets you keep more loonies and toonies in your pocket than a ticket-taker at the Calgary Stampede.
  • No income requirement: It’s more inclusive than a Canada Day party! Whether you’re a student surviving on ramen or a retiree living the cottage life, this card welcomes you with open arms.
  • PC Optimum points: It’s like having a points-printing machine in your wallet! Earn points faster than a Zamboni clears the ice, especially at Shoppers Drug Mart and Esso stations.
  • Widely accepted: Use it anywhere Mastercard is accepted, which is more places than you can find a Tim Hortons in Toronto (and that’s saying something!).
  • Purchase assurance and extended warranty: It’s got your back like a good hockey defenseman, protecting your purchases and extending warranties.

PC credit card comparison

Card Rewards Income required
PC Financial Mastercard Earn 30 points per $1 when purchasing travel through President’s Choice.
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix.
Earn 10 points per $1 spent everywhere.
No income needed
PC Insiders™ World Elite Mastercard® Earn 50 points per $1 spent at Shoppers Drug Mart
Earn 40 points per $1 spent at Loblaw banner stores
Earn 40 per $1 spent at Joe Fresh stores
Earn 10 per $1 spent everywhere else
Earn up to 70 points per litre at Esso and Mobil gas stations
$80,000 personal or $150,000 household annual income
PC Financial World Elite Mastercard Earn 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
Earn 30 points per litre for gas purchased at Esso™ or Mobil™ stations
Earn 30 points per $1 spent at Loblaw banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
Earn 30 points per $1 spent on PC Travel services
Earn 10 points per $1 spent everywhere else
$80,000 personal or $150,000 household annual income

Disclosures:

  • Sponsored advertising. President’s Choice Financial® Mastercard® is provided by President’s Choice Bank. The PC Optimum™ program is provided by President's Choice Services Inc. President’s Choice Bank is not responsible for the contents of this site, including any editorials or reviews that may appear on this site. For complete information regarding the PC® Mastercard®, PC® World Mastercard®, or PC® World Elite Mastercard®, please click on the “Apply Now” or other applicable button.
Best for Costco

Best for Costco purchases

$246

First Year Value

$0

Annual Value

Learn More Apply Now On CIBC's Secure Site

The CIBC Costco Mastercard® itself doesn’t carry an annual fee, but you do need to be a Costco member to sign up. A basic Gold Star membership costs $60 annually (check out our guide to whether or not a Costco membership is worth the cost).

The best part of the CIBC Costco Mastercard® is the high amount of cash back you can earn on Costco Gas and purchases made on Costco.ca, but there’s a catch: These high rates are capped at a maximum annual spend. The 3% cash back at Costco Gas and 2% at other gas stations is capped at $5,000 in spending per year. You’ll earn 2% cash back from Costco.ca up to $8,000 spent per year. Once you max out, the rate will drop to 1% for each of those categories until a new year resets. On the plus side, there is no cap on the 3% cash back on restaurants, and all other purchases outside those special categories earn 1% cash back.

Redeeming your cash back is simple but not particularly flexible. A Costco Canada gift certificate is issued once a year in January, equal to the amount you earned back from your card in the previous year.

The CIBC Costco Mastercard® offers standard Purchase Security and Extended Warranty insurance, but also includes the unexpected perk of up to $1,000 in Mobile Device Insurance, which is a rarity for a credit card without an annual fee.

  • Additional perks: Purchase Security for 90 days; Extended Warranty for up to one year; Mobile device insurance up to $1,000

Disclosures:

  • Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertising partners.

  • †Terms and Conditions Apply. This offer is not available for residents of Quebec.
  • The information for the CIBC Costco Mastercard® has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Best for Walmart

Best for Walmart shoppers

$0

First Year Value

$0

Annual Value

Welcome Bonus: Get $20 in Walmart Reward Dollars when you’re approved and spend $50+ using the temporary shopping pass∆ provided.† Earn $15 in Reward Dollars after one purchase at Walmart and one anywhere else.†† Get $10 in Reward Dollars by going paperless.†††

Learn More Apply Now On Fairstone Bank of Canada's Secure Site

The Walmart RewardsTM Mastercard® earns a respectable 1.25% back on all Walmart purchases made in-store or online at Walmart.ca and 1% cash back on all other purchases. Walmart Reward Dollars are simple to use – 1 Walmart Reward dollar equals $1 to spend on virtually anything that Walmart sells – and they can be redeemed in $5 increments online or at the register in any Walmart store across Canada.

The card is an accessible option for frugal shoppers, and signing up is incentivized via a respectable welcome offer.

Unfortunately, the Walmart Mastercard doesn’t offer much in terms of other practical benefits. They’ve opted to reserve standard perks like purchase assurance and extended warranty for the higher-tier Walmart RewardsTM World Mastercard®

Walmart credit card comparison

Card Rewards Income required
Walmart Rewards Mastercard Earn 1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart.
Earn 1% back in Walmart Rewards at any gas station.
Earn 1% back everywhere else.
$12,000 personal income
Walmart Rewards World Mastercard Earn 3% back in Walmart Rewards on all purchases from Walmart.ca
Earn 1.25% back in Walmart Rewards on all purchases made in-store at Walmart and gas stations
Earn 1% back in Walmart Rewards on everything else
$100,000 household income
Best for Amazon

Best for Amazon shoppers

5% back

Welcome Bonus

$456

First Year Value

$306

Annual Value

Welcome Bonus: Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants. Valid for the first 6 months, on your first $3,000 in eligible purchases††.

Learn More Apply Now On MBNA Credit Cards' Secure Site

The Amazon.ca Rewards Mastercard from MBNA is an excellent option if you already have an Amazon Prime membership.

This card comes with a great welcome offer. Get 5% back at Amazon.ca, Whole Foods Market stores in Canada, grocery stores and restaurants. Valid for the first 6 months, on your first $3,000 in eligible purchases††.

After the welcome period ends Prime members can earn 2.5% back on eligible purchases from Amazon.ca, Whole Foods and on foreign currency transactions. Non-Amazon Prime members only get 1.5% back on Amazon.ca and Whole Foods purchases. All cardholders, regardless of whether or not they have a Prime membership, get 1% back on all other purchases outside those categories. Any rewards you rack up using the card can be applied directly to purchases on Amazon.ca.

For a credit card with no annual fee, the Amazon.ca Rewards Mastercard doesn’t skimp on useful perks. Purchase assurance will cover your purchases from damage or theft for 90 days and the extended warranty will add one year of coverage in addition to the original manufacturer’s warranty. You can also enjoy a minimum 10% off base rental car rates in Canada and at least 5% off rental rates in the U.S. at participating Avis and Budget locations. All told, the Amazon.ca Mastercard is among  the very best credit cards for online shopping in Canada today.

  • Additional perks: Purchase assurance for 90 days; Extended Warranty for up to one year; rental car discounts.

Disclosures:

  • ‡, ††, ✪, ***, Terms and Conditions apply
  • This offer is not available for residents of Quebec. For residents of Quebec, please click here.
  • Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
  • The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best for HBC

Best for Hudson's Bay Company shoppers

Hudson’s Bay Mastercard® by Neo Financial

$0

First Year Value

$0

Annual Value

The Hudson’s Bay Mastercard® is the oldest North American company's most recent offering. The Bay gives 15% off first-day purchases when you sign up for the no annual fee store card. You earn up to 4 Hudson’s Bay Rewards points on every dollar spent on purchases made in-store and on thebay.com, and 2 points per dollar spent outside The Bay. The  Hudson Bay credit card is issued by Neo Financial, so on top of the points you earn from your regular spending with the card, you can also earn extra cash back from thousands of Neo partners across Canada. Check out our review of Neo Financial to learn more about Neo’s partners.

This rewards program takes a bit to unpack, because the points you earn depend on an annual spend that resets each year. For the basic Hudson’s Bay Rewards tier, cardholders collect 2 points for every dollar spent from $0-$399.99. At the middle Hudson’s Bay Reward Plus tier, you collect 3 points per dollar spent between $400 and $1,199.99. At the top Hudson’s Bay Rewards VIP tier, you collect 4 points per dollar when you spend $1,200+ per year.

Every 1,000 Hudson’s Bay Rewards points can be redeemed for $5 in store and online. Points can also be converted to AIR MILES or RBC Rewards points for some added flexibility, but points expire after 24 months of account inactivity. Any cash back you earn through Neo partners can be redeemed toward your card balance. As for perks, you can enjoy savings from free shipping on items sold by Hudson’s Bay (no purchase minimums) and earn an extra 20% on both Hudson’s Bay Reward points and Petro-Points if you link your two accounts together.

Best for coffee

Best store card for coffee and snacks

$20 Tims gift card

Welcome Bonus

$0

First Year Value

$0

Annual Value

Welcome Bonus: Get a $20 digital Tims gift card upon first purchase with a new Tims Mastercard. Offer valid through April 30, 2025. Expires Apr 30, 2025

Learn More Apply Now On Tim's Financial's Secure Site

The Tims® Mastercard from Neo is like the Swiss Army knife of Canadian credit cards - versatile, reliable, and oh-so-Canadian. It’s perfect for anyone who treats Tim Hortons like their second home (no judgment here, we’ve all been there).

The Tims credit card from Neo earns its best rewards with the popular Canadian donut giant, earning 15 points per $1 at Tim Hortons® restaurants when you scan for Tims® Rewards. Beyond Tims, however, the card also earns everyday rewards outside of your donut, coffee or other sweet treats:

  • Earn 5 points per $1 spent on groceries, gas, and transit
  • Earn 1 point per $2 spent on all other purchases

There's even a gift card welcome bonus that can get you some free treats just by making a first purchase with the Tims Mastercard. 

Other features of the card include:

  • Free Tims Rewards membership: Automatically enrolled in Tims Rewards. It’s like getting VIP access to the hockey arena, but for coffee.
  • Widely accepted: Use it anywhere Mastercard is accepted, which is more places than you can find a Tim Hortons in Toronto (and that’s saying something!).
  • Purchase assurance and extended warranty: It’s got your back like a good hockey defenseman, protecting your purchases and extending warranties.

Disclosures:

  • Conditions Apply

    The Tims® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated. Mastercard and the circles design is a trademark of Mastercard International Inc. Tims Financial is a registered trademark of Tim Hortons Canada.

Best for building credit

Best store card for building credit

$20 Tims gift card

Welcome Bonus

$0

First Year Value

$0

Annual Value

Welcome Bonus: Get a $20 digital Tims gift card upon first purchase with a new Tims Mastercard. Offer valid through April 30, 2025 Expires Apr 30, 2025

Learn More Apply Now On Tim's Financial's Secure Site

The Secured Tims Mastercard is an excellent option for Canadians looking to establish or rebuild their credit history. This card offers a unique opportunity to enjoy the benefits of a rewards credit card while working on improving one's credit score. Unlike traditional credit cards, the Secured Tims Mastercard requires a security deposit (minimum of at least $50 deposit required), which becomes the credit limit. This makes it an accessible options to Canadians with limited or poor credit history, as the deposit mitigates the risk for the issuer.

One of the key advantages of the Secured Tims Mastercard is that it reports to major credit bureaus regularly. This reporting is crucial for building a positive credit history, as consistent, on-time payments are recorded and can help improve the cardholder's credit score over time.

Additionally, the card offers the same rewards program as the standard Tims Mastercard, allowing users to earn Tims Rewards points on their purchases:

  • Earn 12 points per $1 at Tim Hortons restaurants when you scan for Tims Rewards
  • Earn 2 points per $1 spent on groceries, gas, and transit
  • Earn 1 point per $4 spent on all other purchases

Moreover, the Secured Tims Mastercard comes with no annual fee, making it a cost-effective option for those on a tight budget. As cardholders demonstrate responsible credit use, they may become eligible for a higher credit limit or even transition to an unsecured credit card in the future.

Disclosures:

  • Conditions Apply

    The Tims® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.

Best Canadian Tire

Best Canadian Tire store card

$198

First Year Value

$0

Annual Value

With the Canadian Tire Triangle credit card, you're earning 4% back in CT Money at Canadian Tire and its family of stores. We're talking Sport Chek, Mark's, Atmosphere – it's like a shopping spree waiting to happen!

But the card isn't just a one-trick pony. It's got moves at the pump too. You'll be saving 5¢ per litre in CT Money at Gas+ and participating Husky stations. Plus there's the rewards on other purchases:

  • Earn 1.5% cash back at grocery stores (up to $12,000 per year)
  • Earn 0.5% back everywhere else you shop

For a card with no annual fee, the Triangle Rewards Mastercard doesn't provide the most comprehensive insurance out there, but you can still expect purchase protection and extended warranty coverage. But there is promotional financing or 24 months on purchases of $150 or more at participating Canadian Tire partner brands.

Canadian Tire credit card comparison

Card Rewards Income required
Canadian Tire Triangle® Mastercard® Earn 4% cash back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more
Earn 1.5% cash back at grocery stores (up to $12,000 per year)
Earn 0.5% back everywhere else you shop
N/A
Canadian Tire Cash Advantage® Mastercard® Earn up to 3% cash back at Canadian Tire and Canadian Tire companies such as Mark’s, Atmosphere, Party City, Sport Chek and more
Earn 1.5% cash back on eligible purchases
N/A
Canadian Tire Triangle® World Elite® Mastercard® Earn 4% back in CT Money on almost everything at Canadian Tire, Sport Chek, Mark's and more
Earn 3% at grocery stores (on the first $12,000 per year; excludes Costco and Walmart)
Earn 1% back everywhere else you shop
$80,000 personal or $150,000 household income
What's a store card?

Store credit cards are a unique type of credit card that lets you make purchases at your favorite brands while earning rewards, paying back the purchase amount over time, or both. Store cards are like that friend who only wants to hang out at one place. They’re typically tied to a single store or chain (think Canadian Tire or Hudson’s Bay). Here’s what makes them unique:

  • Usually only usable at the issuing store or its affiliates
  • Often come with juicy discounts and perks specific to that store
  • Might have lower credit requirements (easier to get approved)
  • Interest rates higher than a moose on stilts (seriously, watch out for these!)

Closed loop vs open loop credit cards

Store cards are similar to, but different than retail credit cards. Retail cards are  typically usable anywhere the card network (Visa, Mastercard, etc.) is accepted, whereas a store card can only be used at that particular store or brands. This is known as a "closed-loop credit card," as opposed to an "open-loop credit card," which bears the Visa, Mastercard or Amex network name. 

Closed loop credit cards
Open loop credit cards
Can only be used at specific retailers or family of stores (like that friend who only wants to hang out at Tim Hortons)
Can be used anywhere the card network (Visa, Mastercard, etc.) is accepted (more flexible than a Cirque du Soleil performer)
Often offer higher rewards rates or discounts at the issuing store (like getting extra Timbits in your box)
Generally offer broader rewards programs across various categories (it’s like getting a little bit of everything on your poutine)
Typically easier to qualify for, even with lower credit scores (more welcoming than a Canadian saying “sorry”)
May require better credit scores to qualify (pickier than a Vancouverite choosing an umbrella)
Usually have higher interest rates (higher than a moose on stilts!)
Often have more competitive interest rates (still not low, but better than closed loop cards)
Limited use outside the issuing retailer (about as useful as a snowblower in July if you’re not at that store)
Widely accepted, offering more flexibility (like an all-season tire for your wallet)
Annual spending

Top tip: Pay in full to avoid headaches

Store card interest rates are often higher than found with other reward cards. Avoid carrying a balance like you'd avoid a skunk at a picnic - otherwise you'll be on the hook for huge interest charges.

Canadians are spending some serious money at Canada's biggest retail giants. Whether it's for their weekly grocery haul or a year's supply of maple syrup, these stores are where a big chunk of Canadian wallets are being emptied.

Here's the annual sending with Canada's biggest retailers as of 2023:

Retailer
Annual spending
Loblaws
$56.6 billion
Walmart Canada
$34 billion
Sobeys
$30.5 billion
Costco
$30 billion
Metro
$18.85 billion
Canadian Tire
$16.3 billion
Dunnhumby's Canadian Retailer Preference Index
What to look for

Before you hit the  "Apply Now" button on that next card make sure you consider the following things:

  1. 1.

    Interest rates: While the average credit card in Canada sports an interest rate of around 20%, retail credit cards often push that envelope even further. We're talking rates that can soar up to 29.99% in some cases.  Before you're lured in by that "10% off your first purchase" offer, make sure you're prepared to pay off that balance in full each month. Otherwise, you might find yourself in a financial mess that's hard to escape.

  2. 2.

    Rewards: Look for cards that offer more than just points at a single retailer. The best store cards will give you a reason to whip them out even when you're not at their storefront. Think cash back on groceries, gas, or even that late-night snack runs.

  3. 3.

    Usability: Store credit cards often come with a catch – they're usually only good at that specific store or family of stores. Before you commit, ask yourself: How often do you actually shop at this store?

  4. 4.

    Sign-up bonuses: "Get 20% off your purchase today when you sign up!" Sounds tempting, right? But before you jump on that deal, do the math. If you're making a big purchase, that discount could be sweet. But if you're just buying a pair of socks, is it worth the hard credit inquiry and the temptation of future spending?

  5. 5.

    Annual fees: Most store credit cards in Canada skip the annual fee, but always double-check. Some premium retail cards might try to sneak in a fee, justifying it with extra perks.

  6. 6.

    Fine print: Look out for things like deferred interest promotions that can backfire if you don't pay off the balance in time, or rewards that expire.

Pros and cons

Pros and cons

Pros

Pros

  • Rewards: Many store cards offer juicy points or cashback on purchases, turning your shopping sprees into future freebies

  • Welcome bonuses: Many stores offer hefty discounts on your first purchase with their card. It's like they're paying you to shop (kind of)

  • Easier approval: Store credit cards typically require a lower credit score for approval. Usually you'll need average credit to get a new store card, though this may differ by issuer

Cons

Cons

  • Interest rates: Store card interest rates often soar higher than your favorite department store's top floor

  • Limited use: Some store cards only work at the brand on the card label. Closed-loop store cards lack a Visa, Mastercard or American Express network meaning you can't use them worldwide.

Top tips: Be selective

Don't just collect store cards like a hobby! Pick ones that match where you actually shop. If you're at Canadian Tire more often than your own garage, their Triangle Mastercard might be your new BFF.

Summary of picks

Summary of our best store credit cards in Canada list

Card Name Store Rewards Get Started
PC® Mastercard® Best for groceries & gas in Canada
◦ $0 annual fee
◦ Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix.
◦ 30 points per $1 when purchasing travel through President’s Choice
◦ Earn 10 points per $1 spent everywhere.
Apply Now
CIBC Costco Mastercard® Best for Costco® shoppers
◦ $0 annual fee
◦ 3% cash back at restaurants and at Costco gas†
◦ 2% cash back at other gas stations, electric vehicle charging stations and at Costco.ca†
◦ 1% cash back on all other purchases†
Apply Now
Walmart Rewards Mastercard® Best for Walmart shoppers
◦ $0 annual fee
◦ 1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart
◦ 1% back in Walmart Rewards at any gas station
Apply Now
Amazon.ca Rewards Mastercard Best for Amazon.ca shoppers
◦ $ 0 annual fee
◦ Eligible Prime members get 2.5% back on eligible purchases at Amazon.ca and Whole Foods Market stores.
◦ 1% back on eligible purchases everywhere else Mastercard is accepted
Apply Now
Hudson’s Bay Mastercard® Best for Hudson Bay frequent shoppers
◦ $0 annual fee
◦ Earn up to 4 Rewards points on almost every $1 you spend in Hudson's Bay stores* and at thebay.com.
◦ Earn 2 Rewards points on almost every $1 you spend outside of Hudson’s Bay stores.
Apply Now
Conclusion

Find the top store card for your needs

When choosing a store card in Canada, carefully evaluate the rewards rate, annual fees, interest rates, and additional perks offered. Select a card that aligns with your shopping habits and preferred retailers. Consider how the card integrates with your existing financial tools and its potential impact on your credit score. Always read the terms and conditions before applying. Responsible use of store cards can provide valuable rewards, but it's essential to manage them wisely to avoid high interest charges. Regularly review your card's performance against your financial goals. 

FAQs

FAQs

  • Is Walmart credit card Canada worth it?

    +

    Earn rewards without an annual fee. Receive a minimum of 1% back in Walmart Rewards on all purchases. Compared to other no-fee cards, it offers a favorable rate of return, making it potentially worthwhile depending on your spending habits and preferences.

  • What is the difference between a store credit card and a regular credit card?

    +

    Store cards are exclusive to specific retailers, offering rewards and discounts within their stores. Regular cards provide broader acceptance and benefits, usable at various merchants worldwide. Consider your spending habits and preferences when choosing between them.

  • Are store cards bad for credit?

    +

    While they can initially boost your credit with responsible use, their high-interest rates and limited usability may lead to overspending and debt accumulation, potentially harming your credit score if payments are missed or balances remain high.

  • Are Canadian store credit cards worth it?

    +

    Store credit cards offer perks like discounts and rewards specific to the retailer. However, their higher interest rates and limited usability outside the store should be weighed against your spending habits and financial goals to determine if they are worthwhile for you.

  • What credit score is needed for a Walmart credit card in Canada?

    +

    To be approved for the Walmart Rewards Mastercard, you need a credit score of at least 680. However, approval might still be possible with a score as low as 640 if your income is sufficient. If your credit score is lower than ideal, you may be subject to a higher interest rate.

Sources

Daniel Teo is a personal finance expert and travel writer based in Toronto. With a passion for financial literacy and a wanderlust that has brought him to over 30 countries, his stories touch on what’s possible when you achieve financial goals. His work has appeared in The Globe and Mail, the Toronto Star, CBC and on BNN.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.