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Walmart Rewards World Mastercard Review

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Walmart Rewards World Mastercard
Welcome Offer
Up to $25 in Reward Dollars
Rewards
Up to 3% cash back
Annual Fee
$0
Purchase Interest Rate
20.89%
Cash Advance Rate
22.97%
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Our verdict

Earn Walmart Reward Dollars on every purchase and get a high return when you shop online at Walmart.ca.

The Walmart Rewards World Mastercard lets you earn Walmart Reward Dollars for every purchase you make. You'll earn 1.25% on gas and in-store Walmart purchases, 3% on purchases at Walmart.ca and 1% on everything else. This card comes with no annual fee and a welcome bonus, but little in the way of insurance or benefits. 

Pros

  • Zero-liability insurance
  • Online security
  • Mastercard Global Service

Cons

  • High interest
  • Few benefits
  • Rigid rewards

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

30-second take

  • Think about this card if you want to earn Walmart Reward Dollars (to spend at Walmart) and you don’t want to pay an annual fee.
  • Choose something else if you want low interest or you’d like a credit card that comes with comprehensive insurance/benefits.
  • Have a minimum annual household income of $100,000 or be a Walmart Rewards Mastercard holder who spends $15,000 or more each year.

The basics

If you want to stockpile Walmart Rewards Dollars without taking up space in your wallet, then the Walmart Rewards World Mastercard could be the right fit for you.

  • No annual fee. You won’t pay an annual fee to maintain this card.
  • Decent return. Earn 3% cashback when you shop at Walmart.ca and 1.25% when you pay for gas or make in-store Walmart purchases.
  • Purchase protection. Take advantage of 90-day purchase protection to cover the loss, theft or damage of any items you pay for on your card.
  • Extended warranty. Enjoy double the manufacturer’s warranty for consumer goods that you pay for using your Walmart Rewards World Mastercard.
  • Welcome bonus. Collect up to $25 in welcome bonus rewards when you spend money on your card and sign up for paperless statements (see below for conditions).

What do I need to qualify for my welcome bonus?

You’ll need to meet the following requirements to qualify for your welcome bonus:

  • Purchase bonus. You’ll earn a $15 bonus when you make a purchase online or in person at Walmart and another purchase wherever Mastercard is accepted (within 30 days of signing up).
  • Paperless bonus. You’ll earn another $10 bonus when you sign up for paperless statements.

The perks

  • Zero-liability insurance. Avoid paying for fraudulent activity on your account with Mastercard’s zero-liability protection.
  • Online security. Secure your purchases by inputting a special Mastercard SecureCode to verify your identity when you shop online.
  • Mastercard Global Service. Travel worry-free when you go overseas with services such as emergency card replacement and emergency cash advances.
  • Free additional cards. Order free additional cards so that you can earn Walmart Reward Dollars faster.
  • Boingo Wi-Fi. Enjoy access to over 1 million hotspots worldwide at no added cost.

What to watch out for

  • High interest. You’ll have to pay 20.89% interest on purchases and 22.97% on cash advances.
  • Few benefits. You won’t be able to qualify for extra benefits like travel coverage, roadside assistance or mobile device protection.
  • Rigid rewards. You can only redeem your Walmart Reward Dollars to spend money at Walmart, and it can’t be exchanged for cashback.

Walmart Rewards World Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.89%
Cash advance rate22.97%

What should I know before I apply?

Eligibility requirements

To apply for a Walmart Rewards World Mastercard in Canada, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)
  • Make a minimum household income of $100,000 or be a previous Walmart Rewards cardholder who’s spent at least $15,000 in the last 12 months

Required documents and information

  • Your name, residential status and contact information
  • Your Social Insurance Number (SIN) and date of birth
  • Your email address and phone number

How to apply

  1. Visit the Walmart site for the World Mastercard and click on the orange “Get started” button to sign up.
  2. Complete the online application, which includes providing your name, email address, Social Insurance Number (SIN) and birth date.
  3. Review and submit your application, and wait for approval.
  4. Once approved, your card will be shipped out in the mail and you’ll get a temporary shopping pass to start earning rewards right away.

Compare the Walmart Rewards World Mastercard with other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 welcome points. Get 3,500 points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived in the first year.
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Bottom line

You may want to sign up for the Walmart Rewards World Mastercard if you regularly shop at Walmart and want to earn Walmart Reward Dollars. This card lets you earn 1.25% in rewards on gas and purchases at Walmart, and 3% when you spend money online at Walmart.ca. There’s no annual fee for this card, and you may qualify for a welcome bonus when you sign up.

Frequently asked questions about the Walmart Rewards World Mastercard

Frequently asked questions

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