Walmart Rewards World Mastercard Review (2023)

Walmart Canada offers two credit cards that shoppers can use to earn rewards when they shop at the retailer online (at Walmart.ca) or in the store.

The Walmart Rewards Mastercard and Walmart Rewards World Mastercard are both no-annual-fee cards, and you receive a welcome bonus of up to $25 when you sign up.

The Walmart Rewards World Mastercard review covers its benefits, downsides, and alternative cards for shopping at Walmart.

Walmart Rewards World Mastercard – At a Glance

• Annual fee: $0
• Earn 3% cash back at Walmart.ca and 1.25% in-store
• Earn 1.25% at gas stations and 1% everywhere else
• 19.89% purchase interest rate
• 21.49% cash advance interest rate

Walmart Rewards World Mastercard Benefits

1. No Annual Fees: This card has no annual fees, and you can also get free supplementary cards for family members.

2. Cash Back Rewards: The Walmart Rewards World Mastercard offers “real” cash back in the form of Walmart Reward Dollars when you shop at Walmart and elsewhere.

You earn:

• 3% cash back at Walmart.ca
• 1.25% cash back at physical Walmart stores
• 1.25% cash back at gas stations
• 1% everywhere else

Walmart Reward Dollars are equivalent to cash on a 1:1 basis, and you can redeem your earnings for future purchases made online or in the store.

3. Insurance Coverage: Cardholders enjoy purchase assurance with protection against theft, loss, or damage to eligible purchases in the first 90 days when you pay using your card. It also offers extended warranty coverage for up to one extra year.

4. Sign-up Bonus: This card offers a welcome bonus of up to $25 as follows:

• $15 when you make two qualifying purchases within the first 30 days (one purchase at Walmart and the other elsewhere).
• $10 when you sign up for electronic documents.

Walmart Rewards World Mastercard Downsides

To qualify for the Walmart Rewards World Mastercard, you need a household of at least $100,000.

Also, your cash back earnings can only be redeemed at Walmart. You can’t redeem it for purchases elsewhere or use it to clear your statement balance.

Walmart Rewards World Mastercard Alternatives

There are other no-fee credit cards that offer a higher cash back rate on grocery and other purchases regardless of where you spend.

Examples include the Tangerine Money-Back Credit Card and SimplyCash Card from American Express.

1. Tangerine Money-Back Mastercard

The Tangerine Money-Back Credit Card offers up to 2% unlimited cash back on purchases you make in up to three categories (including groceries, gas, and recurring bill payments).

• Annual fee: $0
• Cash back offered: up to 2%
• Minimum income required: $12,000
• 19.95% interest rate (purchases and cash advances)

It also offers purchase protection and extended warranty coverage. Cash back earned is paid out monthly.

2. SimplyCash Card from American Express

This card offers a flat 1.25% cash back rate on most purchases without limit and up to 2% cash back on groceries ($300 annual cash back cap at this earn rate).

• Annual fee: $0
• Cash back offered: 1.25% on all purchases
• Minimum income required: N/A
• 19.99% on purchases; 21.99% on cash advances

Cardholders also get access to travel accident insurance, purchase protection, and extended warranty coverage.

	Walmart Rewards World Mastercard	Tangerine Money-Back Mastercard	SimplyCash Card from AMEX
Annual fee	$0	$0	$0
Cash back rewards	3% at Walmart.ca; 1.25% in Walmart stores, 1.25% on gas: 1% elsewhere	2% cash back on up to 3 categories of spending; 0.50% on everything else	Up to 2% cash back on groceries; 1.25% cash back on all other purchase
Insurance coverage	Extended warranty and purchase protection	Extended warranty and purchase protection	Travel accident insurance, purchase protection, and extended warranty
Interest rates	Purchases: 19.89%; cash advances: 21.49%	Purchases: 19.95%; cash advances: 19.95%	Purchases: 19.99%; cash advances: 21.99%
Learn more	–	Read review	Read review

Walmart Rewards World Mastercard FAQs