Walmart Canada and Duo Bank of Canada are launching the Walmart Rewards Mastercard Installment Plan in response to consumer demand for more flexible payment options. Customers can split their in-store and all online general merchandise purchases into six equal installments billed to their Walmart Rewards Mastercard monthly, when the total purchase is $199.99 or more. Duo Bank is the issuer of the Walmart Rewards Mastercard.
As part of the launch of the program, the 2.5 percent set-up fee is being waived for a limited time.