Walmart Rewards Mastercard allows Quebec cardholders to earn BIG rewards on everyday spending

MISSISSAUGA, ON, May 27, 2019 - Wal-Mart Canada Corp. (Walmart Canada) announced today the launch of the Walmart Rewards™ Mastercard® in Quebec – a credit card that turns everyday spending into BIG rewards.

"The Walmart Rewards Mastercard gives Quebec residents the ability to earn big rewards for their everyday spending and redeem them on a wide selection of items in-store and online," said Terry Mathews, Vice President of Financial Services for Walmart Canada. "Walmart Rewards can be earned anywhere Mastercard is accepted and used to purchase merchandise at Walmart Canada's already guaranteed unbeatable low prices.”

Walmart Reward Dollars are earned in dollar equivalents – not points – making it easy for cardholders to know how much they can redeem. Cardholders earn 1.25 per cent on their purchases in Walmart Reward Dollars for every dollar spent at Walmart Canada and one per cent of their purchases in Walmart Rewards when used anywhere else Mastercard is accepted. Walmart Reward Dollars can be redeemed in five dollar increments at the cash register at any Walmart Canada store.

"Walmart customers in Quebec have been asking for this card and we are excited to finally be able to provide them more ways to help them save money and stretch their budgets further," added Mathews. "The Walmart Rewards Mastercard was developed with Walmart customers in mind and the Walmart Reward Dollars program focuses on giving them extra value on life's everyday things."

Customers can conveniently apply for the Walmart Rewards Mastercard at the register inside Walmart Canada stores or online at Walmart.ca. Customers can qualify instantly, if approved, and start using their Walmart Rewards Mastercard immediately.

Cardholders can also review transactions, check their Walmart Reward Dollars balance and make payments, anytime and anywhere online. For more information on the Walmart Rewards Mastercard and complete terms and conditions of the Walmart Rewards Mastercard program, please visit: www.walmart.ca/financial.

The Walmart Rewards Mastercard is issued by Duo Bank. Duo Bank (formerly Walmart Canada Bank) was acquired by a partnership of Stephen Smith and affiliates of Centerbridge Partners, LP on April 1, 2019, at which time Duo Bank entered into an agreement with Walmart Canada for continued operation of existing and new financial services products across Walmart Canada's footprint.

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About Wal-Mart Canada Corp.
Walmart Canada operates a chain of more than 400 stores nationwide serving more than 1.2 million customers each day. Walmart Canada's flagship online store, Walmart.ca is visited by more than 750,000 customers daily. With more than 85,000 associates, Walmart Canada is one of Canada's largest employers and is ranked one of the country's top 10 most influential brands. Walmart Canada's extensive philanthropy program is focused on supporting Canadian families in need, and since 1994 Walmart Canada has raised and donated more than $350 million to Canadian charities. Additional information can be found at walmartcanada.ca, facebook.com/walmartcanada and at twitter.com/walmartcanada.

About Duo Bank
Duo Bank is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple, to help Canadians focus on what matters to them. Duo Bank specializes in turnkey and customizable financial services solutions designed to deepen customer loyalty and grow sales. The growing complement of products and services includes credit card, rewards and related protection services. With a value-driven approach to financial services, robust sales channels and innovative and efficient operational solutions, Duo Bank partners with industry leading service providers to deliver the next generation of financial solutions. www.duobank.com