Which has the lower annual fee, ATB Preferred Fixed-Rate or Walmart Rewards?

The Walmart Rewards has no annual fee, while the ATB Preferred Fixed-Rate charges $25/year.

Which card is better for groceries, ATB Preferred Fixed-Rate or Walmart Rewards?

The ATB Preferred Fixed-Rate earns 0% on groceries, while the Walmart Rewards earns 1%. The better choice depends on your grocery spending and the specific merchants you shop at.

ATB Preferred Fixed-Rate vs Walmart Rewards — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Walmart Rewards wins by $372/yr — strongest in groceries

Walmart Rewards earns $128 more on groceries
Walmart Rewards earns $48 more on bills & utilities

Groceries: +$128Bills & Utilities: +$48Shopping: +$42

ATB Preferred Fixed-Rate: $30/yr in foreign transaction fees

Walmart Rewards: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

−$55

/first year

-0.1% effective$5/mo

vs 1% no-fee card: −$474

Annual rewards earned+$0

FX costs−$30

Annual fee−$25

Winner

$317

/first year

0.8% effective$26/mo

vs 1% no-fee card: −$102

Annual rewards earned+$347

FX costs−$30

Annual fee−$0

Best for your spendingWalmart Rewards—$317Year 1 value

+$372 more than ATB Preferred Fixed-Rate

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

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The Bottom Line

Walmart Rewards wins by $372/yr — strongest in groceries

Walmart Rewards earns $128 more on groceries
Walmart Rewards earns $48 more on bills & utilities

Groceries: +$128Bills & Utilities: +$48Shopping: +$42

Showing Year 1 analysis

Walmart Rewards wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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