With 408 stores including 343 supercenters in every province and territory except for Nunavut, there is a chance that every Canadian uses Walmart and had noticed Walmart credit cards advertisings all over the store or online.
Both Walmart Mastercards are no-fee cards with a focus on giving cashback to loyal Walmart shoppers. In this detailed Walmart credit cards review, you’ll learn more about these two Walmart Mastercards.
Walmart Mastercards Comparison Table
Let’s start by a comparison table between Walmart Rewards Mastercard and Walmart Rewards World Mastercard.
| Card Type | Rewards Mastercard | Rewards World Mastercard |
| Annual Fee | $0 | $0 |
| Annual Income Required | $12,000 | $80,000 personal or $100,000 household |
| Walmart.ca Reward | 1.25% | 3% |
| Walmart Stores Reward | 1.25% | 1.25% |
| Gas Stations Reward | 1% | 1.25% |
| Everywhere Else Reward | 1% | 1% |
| Extended Warranty Plan | No | Up to an additional 1 year warranty |
| Purchase Assurance Plan | No | Coverage for the first 90 days |
| Foreign Currency FX Fee | 2.5% | 2.5% |
| Boingo WiFi Access | No | Yes |
| Purchase Interest Rate | 19.89% | 19.89% |
| Cash Advance Interest Rate | 22.97% | 22.97% |
| Welcome Bonus | $25 | $25 |
Walmart Rewards Program Features
Walmart Rewards offers the flexibility of using the reward dollars in $5 increments as cash for purchasing any item in Walmart stores or online. To simplify, 10 Walmart rewards are equivalent to $10 for purchases in Walmart online or store.
The downside of Walmart Rewards card is that it can only be redeemed in Walmart. In addition, the redemption can only be done in $5 increments.
Walmart Rewards World Mastercard Review
This no-fee credit card requires a $80,000 personal or $100,000 household annual income. Its main feature is the 3% cashback at Walmart online.
Walmart Rewards World Mastercard Pros
- 3% cashback in Walmart online
- 1.25% cashback in Walmart stores and all gas stations
- 1% cashback everywhere else
- Insurance on items purchased using Walmart Rewards World Mastercard
- Purchase assurance offers insurance against stolen, lost, or damaged items within the first 90 days of their purchase date
- Extended warranty which doubles the manufacturer’s warranty up to one year
- Boingo WiFi wherever available globally with no extra charge
Currently, there is a $25 welcome offer which includes a $15 welcome bonus after making one purchase in Walmart and an additional $10 after signing up for paperless statements.
Walmart Rewards World Mastercard Cons
- Rewards Redemption Limit: Rewards can be cashed in Walmart only
- Low Cashback: Cashback is low for all purchases except Walmart online
- Foreign Currency Exchange Fees: 2.5% which can be avoided by using Brim Financial
- Insurance: Lack of emergency, travel, rental car insurance
My Verdict: Unless you are a heavy Walmart.ca online shopper, this card won’t offer a special value in comparison with other free credit cards like Tangerine World Mastercard.
Walmart Rewards Mastercard Review
This no-fee credit card requires a $12,000 personal annual income. Its main feature is the 1.25% cashback for all purchases in Walmart stores or online.
Walmart Rewards Mastercard Pros
- 1.25% cashback in Walmart online or stores
- 1% cashback everywhere else
Currently, there is a $25 welcome offer which includes a $15 welcome bonus after making one purchase in Walmart and an additional $10 after signing up for paperless statements.
Walmart Rewards Mastercard Cons
- Rewards Redemption Limit: Rewards can be cashed in Walmart only
- Low Cashback: Cashback is low for all purchases
- Foreign Currency Exchange Fees: 2.5% which can be avoided by using Brim Financial
- Insurance: There is no insurance at all
My Verdict: I don’t think this card is worth applying for unless Walmart is your main shopping destination and you don’t have any other no-fee card like Tangerine Money-Back Mastercard.
Are Walmart Mastercards Worth Using
Walmart Rewards Mastercard isn’t worth applying for. However, Walmart Rewards World Mastercard might be worth the consideration if you are a heavy walmart.ca shopper.
Otherwise, there are many better alternatives in Canada that offer better values.
Can Rewards Mastercard Holders Upgrade to Rewards World Mastercard
Yes. Walmart Rewards Mastercard cardholders can upgrade to the World card after spending a minimum $15,000 on their card within the last year.
What Are Some Walmart Rewards Alternatives
- Tangerine Money-Back Mastercard: Unlimited 2% cashback on three categories with no annual fees. It also offers purchase protection and extended warranty coverage.
- Tangerine World Mastercard: Unlimited 2% cashback on three categories with no annual fees. It also offers comprehensive benefits such as purchase protection, extended warranty, rental car, and mobile device insurance.
- Neo Financial Credit Card: Unlimited up to 15% cashback with no annual fees on top of a $50 for signing up bonus.
- Brim Mastercard: Brim is one of my favorite travel cards. The card cashback starts at 1% on all categories while offering great suite of coverages as a no-fee card. You will also have access to Mastercard’s free Global WiFi plus no FX fees. Join Brim and get a $10 bonus.
Walmart Credit Cards Review Summary
Walmart credit cards in Canada can be a good choice to those very loyal to Walmart online or stores customers. However, the cards don’t offer much value outside Walmart and the redemption is limited to Walmart only.
As listed above, there are many great no-fee credit cards in Canada to choose from with a more generous insurance coverage and cashback.