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Walmart Rewards™ World Mastercard®

2/5

$45 on Approval

Apply Now

Walmart Rewards™ World Mastercard®

Apply Now

Rewards Calculator Algorithm

You can estimate your rewards by inputting your monthly or yearly spending habits.

Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.

Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

$2,000

Restaurant, Fast Food & Coffee Shop

Grocery

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

Gas

Transportation

Entertainment (Movies, Concerts, etc.)

Foreign Purchases (Non $CAD)

Travel (Flights, Hotels, etc.)

Pharmacy

Online Shopping

Home Improvement (Renovation, Furniture)

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

Other Purchases Not Specified

Card Details
Rewards
Walmart Rewards™ World Mastercard® Cash Back Calculator
Insurance & Benefits
Pros & Cons
Walmart Rewards™ World Mastercard® Review

Card Details

Based on $2,000 spending

First Year Value

$295.13

$250.13 in years after

Annual Rewards

$250.13

First Year Bonus

$45

Annual Fee

First Year Value

$295.13

$250.13 in years after

Interest Rates

Cash Advance: 22.97% - 27.99%

Purchase: 20.89% - 26.99%

Annual Fee

Annual Income

Personal: N/A

Household: $100,000

Credit Score

Good

Welcome Bonus

$45 on Approval

Card Type

Cash Back

Our Rating

2/5

Institution

Walmart

Rewards

3% cashback on Walmart.ca purchases
1.25% cashback on Walmart store and gas purchases
1% cashback on all credit card purchases.

Walmart Rewards™ World Mastercard® Cash Back Calculator

Based on $2,000 spending

Rewards Ranking

Compare Using Calculator

Rewards Breakdown

Walmart.ca

$3.87

Walmart in store, Gas

$37.74

All other purchases

$208.52

Net Annual Rewards

$250.13

Rewards Summary

Net Annual Rewards

$250.13

First Year Card Bonus

$45

First Year Card Value

$295.13

Insurance & Benefits

Insurance

Coverage

Purchase Protection
90 days

Pros & Cons

Pros

Installment Payments: Allows you to pay for Walmart purchases in installments over six months.

Cons

Limited Redemption: Rewards can only be redeemed at Walmart and Walmart.ca.
Lower Rewards: Offers lower rewards compared to other store and cashback credit cards.
Minimal Benefits: No additional benefits or insurance coverage aside from purchase assurance and extended warranty.

Walmart Rewards™ World Mastercard® Review

Walmart Rewards World MasterCard is one of the better-known credit cards in Canada, especially for people who buy at Walmart. Pretty much every time you check out at Walmart, you are advertised to get this card alongside the Walmart Rewards Mastercard!

This card is a slightly better version of the Walmart Rewards Mastercard because it has a $100K household income requirement and slightly better reward rates. But in general, we don't think this card is one that people should go for, and there are many better alternatives around.

The Rewards

How You Earn Rewards

The rewards on this card are very straightforward:

3% cashback on Walmart.ca
1.25% on Walmart (in-store) and gas purchases
1% on everything else.

You will earn these rewards in Walmart dollars, so you can't redeem them for any purchases, and you can only redeem them for a future Walmart purchase. Psychologically, I have seen many people get very happy when they see a good discount applied to their groceries occasionally, so if you are in this group, you can go for this card.

We recommend you get this card only and only if I have huge spending on the Walmart.ca website because the 3% reward rate is pretty decent. But the 1.25% reward on in-store and gas purchases can easily be beaten by many other cards. There are few people who mainly buy groceries from Walmart.ca, and that's why I don't recommend this to most of the population.

Reward comparison to other popular free cashback credit cards

Let's compare this credit card to a few popular no annual fee credit cards.

	Walmart Rewards™ World Mastercard®	SimplyCash® Card from American Express	Rogers Red Mastercard®
Welcome Bonus	$45 on Approval	Up to $100 in Statement Credits	Up to $60 cash back ($90 if redeemed for Rogers, Fido or Shaw purchases)
Earn Rates	3% cashback on Walmart.ca purchases 1.25% cashback on Walmart store and gas purchases 1% cashback on all credit card purchases.	2% cash back on eligible gas and grocery purchases in Canada (up to $300 cash back annually) 1.25% cash back on all other eligible purchases	2% cashback on all purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner 2% cashback on all U.S dollar purchases and 1% on all other eligible purchases if you do not have a qualifying Rogers, Fido or Shaw service 1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value
Insurance Included	1 type Purchase Protection 90 days	3 types Travel Accident Up to $100,000 Purchase Protection 90 days or theft up to $1,000 per occurrence Extended Warranty 1 year	1 type Balance Protection Minimum payments
Perks	None	1 perk Amex Experiences™ Access events and special offers curated for Cardmembers with Amex Experiences™	1 perk No Cost roaming 5 days
Annual Fee	$0	$0	$0
Income Requirements	$100,000 household	N/A	N/A
Apply Now	Apply Now	Apply Now	Apply Now

SimplyCash® Card from American Express:

This card provides a higher base cashback rate, is easier to qualify for and has more important categories in it's rewards category, so it will provide more rewards compared to the Walmart World Elite card.

Rogers Mastercard:

When you have a qualifying Rogers, Shaw, or Fido service, the Rogers Mastercard earns 2% on all purchases. Again, while the purchases on online purchases from Walmart will earn 3%, the Rogers card will almost give double the reward rate of Walmart Rewards World on all other purchases. In addition the Rogers Mastercard does not have any household income requirement, making it an easier card to get approved for. Therefore, for a card to make all your purchases with, the Rogers Mastercard wins by a landslide.

Welcome Bonus

The welcome bonus for this card is very straightforward. Upon approval, you earn a $20 statement credit and $15 after one purchase at Walmart and another place.

You will also be able to get $10 in rewards if you switch to paperless statements, making the total sign-up bonus you can get from these three sources $45.

1 benefits of Walmart Rewards World

1. No Annual Fee

This card comes with No annual fee, which is always a nice thing for a credit card not to have to pay a fee.

3 downsides of Walmart Rewards

1. Average rewards

It's important to note that often, the Walmart Rewards card may not be the optimal choice for credit card use, including for purchases at Walmart in-store. Consequently, exploring alternative cards could be wise if your goal is to maximize your reward benefits.

2. Very Weak insurance and benefits

The card offers only purchase protection, lacking even an extended warranty - a feature commonly found in both no-cost and premium credit cards in Canada.

While there's an option to purchase additional coverage, like travel insurance for a monthly fee, this isn't the most practical solution. Instead, choosing a different card that includes these benefits as standard, providing them at no extra cost, might be more advantageous.

3. High Income requirements

This card has a high-income requirement. While there are many other credit cards in Canada that require a high income, most of them come with great rewards and benefit lists. Walmart World offers almost nothing to be excited about for a card with a $100K income requirement.

Final Verdict

If you want to use this card for all your purchases, I advise you to reconsider and find another card because there are many other cards that will beat Walmart Rewards in terms of rewards and benefits.

The only case I would recommend getting this card is if you do a lot of shopping on Walmart.ca. You can get this card just to make your online purchases from Walmart or use another card for the rest of your purchases.

Walmart Rewards™ World Mastercard®

Card Details

Rewards

Walmart Rewards™ World Mastercard® Cash Back Calculator

Rewards Ranking

Rewards Breakdown

Rewards Summary

Insurance & Benefits

Pros & Cons

Walmart Rewards™ World Mastercard® Review

The Rewards

How You Earn Rewards

Reward comparison to other popular free cashback credit cards

SimplyCash® Card from American Express:

Rogers Mastercard:

Welcome Bonus

1 benefits of Walmart Rewards World

1. No Annual Fee

3 downsides of Walmart Rewards

1. Average rewards

2. Very Weak insurance and benefits

3. High Income requirements

Final Verdict

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