Walmart Rewards World Mastercard Review
- Welcome Offer
- Up to $45 in Reward Dollars
- Rewards
- Up to 5% cash back
- Annual Fee
- $0
- Purchase Interest Rate
- 21.89%
- Cash Advance Rate
- 22.97%
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 5% cashback on select Walmart brands, 3% cashback on Walmart.ca, 2% at any gas, EV charging station, transit, taxi and ride-sharing, 1.25% in-store at any Walmart store in Canada, and earn 1% cash back at everywhere 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
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 5% cashback on select Walmart brands, 3% cashback on Walmart.ca, 2% at any gas, EV charging station, transit, taxi and ride-sharing, 1.25% in-store at any Walmart store in Canada, and earn 1% cash back at everywhere else.
- 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. Get a $20 Reward Dollars when you’re approved and spend $50+ using the temporary shopping pass provided. Earn $15 in Reward Dollars after one purchase at Walmart and one anywhere else. Get $10 in Reward Dollars by going paperless.
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 21.89% 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 Type | Interest Rate |
|---|---|
| Purchase interest rate | 21.89% |
| Cash advance rate | 22.97% |
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
- Visit the Walmart site for the World Mastercard and click on the orange “Get started” button to sign up.
- Complete the online application, which includes providing your name, email address, Social Insurance Number (SIN) and birth date.
- Review and submit your application, and wait for approval.
- 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
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 2% 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.
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