Quick overview of the Walmart Rewards Mastercard
The Walmart Rewards Mastercard has a few main perks, including the chance to finance expensive purchases made in-store or online to accommodate your monthly budget. And, as you spend, you earn Walmart Rewards Dollars with every purchase you make, whether at a Canadian Walmart location or anywhere else 一 with no limit on earnings.
It’s worth noting that the rewards you earn can only be redeemed on Walmart merchandise rather than having cash added to your account. It may also take a while to gain substantial Walmart Rewards Dollars, as the earning rate is relatively low. With no extended insurance benefits, the Mastercard also lacks perks that other credit cards offer, like travel or emergency medical insurance.
Who’s the Walmart Rewards Mastercard for?
The Walmart Rewards Mastercard is designed for the avid Walmart shopper. Those who shop in all of Walmart’s departments will benefit most from using this card, as there will be ample opportunities to earn 1.25% back. Otherwise, other cards can offer a more beneficial rewards system.
Pros and cons
- No annual fee
- Earn 1.25% in Walmart Rewards Dollars on all Walmart purchases
- Option to pay in installments for Walmart purchases of $199.99 or more
- Reward dollars must be redeemed at Walmart or Walmart.ca
- Accident, extended warranty and travel insurance costs extra
- Low earning rewards system
With the Walmart Rewards Mastercard, you earn 1.25% back in Reward Dollars when you make any purchase at Walmart, in-store or online. Every other purchase, including all gas station transactions, earns you 2% back.
You’ll need to shop at Walmart consistently to collect enough points to make the card worthwhile.
Redeeming rewards is straightforward with the Walmart Rewards Mastercard since each Reward Dollar equals $1. When redeeming in-store, tell the cashier you'd like to use points. If you're checking out online, ensure you're signed into your Walmart Rewards Mastercard account and have the card set up as a payment method.
When it comes to redeeming your rewards, there are a few guidelines to follow. If you're using dollars, you must redeem a minimum of $5 at checkout. Any amount above that must be in multiples of five. For instance, you can redeem $10, $15, $20 and so on. This means you may always have a balance to pay on your purchase, so it's good to keep this in mind when planning your shopping.
The dollars you collect can be spent on almost anything Walmart sells online (including third-party Marketplace items) and in-store. The only redemption restrictions are cash, tobacco, lottery tickets, alcohol and prescription medication.
- There's no annual fee.
- Earn 1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart.
- Finance Walmart purchases of $199.99 or more in six monthly installments (with a 4% set-up fee on first installment)
- Interest-free grace period of 21 days
- Zero Liability Protection on unauthorized purchases
- Access 24/7 Mastercard Global Services when you need them
- Purchase Assurance Protection: Protects eligible purchases against theft, loss or damage for 90 days after the transaction date.
Walmart Rewards Mastercard eligibility criteria
- Must be a Canadian resident and the age of majority in your province
What people have to say about this card
One user on Reddit had issues receiving and activating the card. They also experienced a repetitive loop of dropped calls when on the phone with customer service. Another user automatically opted in for additional insurance, which unexpectedly cost them.
Other users who prioritize redeeming money at Walmart enjoy it, even though the rewards aren't the best. They point out that typically, a store credit card would offer a higher reward rate for shopping at the business, which is a downside of this card. Applying can also temporarily affect your credit score.
The BMO CashBack Mastercard offers up to 3% back on purchases, a higher earn rate than the Walmart Rewards Mastercard. It also offers a lucrative welcome bonus: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† There's more flexibility with where you can redeem your cashback, too.
The BMO CashBack Mastercard will suit those who need more flexibility with their rewards and who spend the most on groceries, as it's the highest-earning category. Conversely, those who shop at Walmart for almost everything may enjoy the convenience of a one-stop-shop rewards system.
Disclosures:
5% cash back
Welcome Bonus
$401
First Year Value
$276
Annual Value
Welcome Bonus: Get 5% cash back in your first 3 months.*
Get this card if you...
-
are a student who wants to earn rewards on everyday spending
-
want to avoid paying an annual fee
-
value purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® Mastercard®* for Students is a no-annual-fee credit card tailored for students, offering cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It also includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
No annual fee: this makes it cost-effective for students looking to build credit without incurring additional expenses.
-
Earn cash back on everyday purchases, including up to 5% cash back on every purchase in your first three months.
-
Credit building: If you’re responsible, you can build a positive credit history, which helps you get better credit cards and more
Cons
-
Higher interest rates: If you can’t pay off your balance in full, opt for a low interest credit card
-
Limited additional benefits: While there are some benefits, it’s not the full suite of perks, but then again, there’s no annual fee.
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$0
Annual Fee
Rewards cash back
3%
Earn 3% cash back on groceries
1%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
0.5%
Earn 0.5% cash back on all other purchases
Our Take
The BMO CashBack® Mastercard®* for Students is a no-annual-fee credit card tailored for students, offering cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It also includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
No annual fee: this makes it cost-effective for students looking to build credit without incurring additional expenses.
-
Earn cash back on everyday purchases, including up to 5% cash back on every purchase in your first three months.
-
Credit building: If you’re responsible, you can build a positive credit history, which helps you get better credit cards and more
Cons
-
Higher interest rates: If you can’t pay off your balance in full, opt for a low interest credit card
-
Limited additional benefits: While there are some benefits, it’s not the full suite of perks, but then again, there’s no annual fee.
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$0
Annual Fee
Rewards cash back
3%
Earn 3% cash back on groceries
1%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
0.5%
Earn 0.5% cash back on all other purchases
There’s more value in the American Express Simply Cash welcome offer, with up to bonus 5% back. The earn rate on gas and groceries is also higher at 2% compared to Walmart’s 2%. Travel accident insurance is included, too, but this isn’t the case with the Walmart card.
However, cashback can only be accessed once a year with the Amex card as a statement credit, which is less appealing than Walmart’s option to redeem on every transaction. The better choice is where you spend most and which redemption structure you prefer.
Disclosures:
Contact American Express for the most up-to-date referral bonus figures.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.
bonus 5% back
Welcome Bonus
$438
First Year Value
$338
Annual Value
Welcome Bonus: Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
Get this card if you...
-
want to earn cash back, without an annual fee
-
value purchase protection and extended warranty coverage
-
want to maximize cash back rates, with no spending caps
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The SimplyCash® Card from American Express is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for eligible gas and grocery store purchases in Canada, up to a specified annual limit. Cardholders benefit from purchase protection and extended warranty coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
-
No annual fee for primary or additional cardholders
-
Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases
-
No limit to the amount of cash back you can earn at the base rate
Cons
-
Cash back is only applied as a statement credit once a year
-
Amex cards aren’t accepted by every merchant
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
$45
Return Penalty
Rewards cash back
2%
cash back on eligible gas station purchases in Canada
2%
cash back on eligible grocery store purchases in Canada (up to $300 cash back annually)
1.25%
cash back on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
That’s on top of your everyday cash back earn rates.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The SimplyCash® Card from American Express is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for eligible gas and grocery store purchases in Canada, up to a specified annual limit. Cardholders benefit from purchase protection and extended warranty coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
-
No annual fee for primary or additional cardholders
-
Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases
-
No limit to the amount of cash back you can earn at the base rate
Cons
-
Cash back is only applied as a statement credit once a year
-
Amex cards aren’t accepted by every merchant
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
$45
Return Penalty
Rewards cash back
2%
cash back on eligible gas station purchases in Canada
2%
cash back on eligible grocery store purchases in Canada (up to $300 cash back annually)
1.25%
cash back on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
That’s on top of your everyday cash back earn rates.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
The Rogers Red World Elite® Mastercard® favours those who frequently purchase in US dollars, with a 3% cash-back rate. Its earn rate for everything else is 1.5% (or 2% for Rogers customers), which is still higher than Walmart’s. Rogers also offers extended warranties, rental cars, emergency medical insurance, trip interruption and cancellation insurance, a massive plus for a card with no annual fee.
At the same time, the Walmart Rewards Mastercard also doesn’t have the exact income requirements, so it’s easier to qualify. Overall, the Rogers card offers more benefits if you travel to the US often. If you rarely travel to the US, you won’t experience the full benefits of the Rogers card, but you’ll still get a slightly higher earn rate and some added insurance.
| Features | Walmart Rewards Mastercard | Rogers Red World Elite® Mastercard® |
|---|---|---|
|
Annual fee
|
$0 | $0 |
| Insurance coverage | Purchase protection | Extended warranty, purchase protection, rental car collision, emergency medical, trip interruption, trip cancellation |
| Benefits | 1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart, 1% back everywhere else | 3% unlimited cash back on all eligible purchases made in U.S. dollars, 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw |
| Review link | You’re reading it | Rogers Red World Elite® Mastercard® |
| More information | Apply now | Apply now |
$324
First Year Value
$0
Annual Value
Get this card if you...
-
want to earn cash back with no annual fee
-
are an existing Rogers or Fido customer
-
want complimentary lounge access
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Our Take
The Rogers™ World Elite® Mastercard® is a no-annual-fee credit card offering elevated cash back rates on purchases made in U.S. dollars, with a standard rate on all other eligible purchases. Cardholders benefit from comprehensive insurance coverage, including emergency medical and rental car collision/damage protection, as well as access to over 1,300 airport lounges worldwide through Mastercard Travel Pass provided by DragonPass; however, the card has a high income requirement.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Lucrative cash back rates on USD and CAD purchases, especially for Rogers, Fido or Shaw customers
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Redemption bonus of 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
-
Travel insurance perks and airport lounge access
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Annual Interest Rates
20.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
3%
Earn 3% unlimited cash back on all eligible purchases made in U.S. dollars.
2%
Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on eligible non-U.S. dollar purchases.
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases.
5
Get 5 Roam Like Home days at no cost every year for Rogers mobile plans (up to $80 value).
Insurance Benefits
$1,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$65,000
Rental car insurance amount
Our Take
The Rogers™ World Elite® Mastercard® is a no-annual-fee credit card offering elevated cash back rates on purchases made in U.S. dollars, with a standard rate on all other eligible purchases. Cardholders benefit from comprehensive insurance coverage, including emergency medical and rental car collision/damage protection, as well as access to over 1,300 airport lounges worldwide through Mastercard Travel Pass provided by DragonPass; however, the card has a high income requirement.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Lucrative cash back rates on USD and CAD purchases, especially for Rogers, Fido or Shaw customers
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Redemption bonus of 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
-
Travel insurance perks and airport lounge access
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Annual Interest Rates
20.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
3%
Earn 3% unlimited cash back on all eligible purchases made in U.S. dollars.
2%
Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on eligible non-U.S. dollar purchases.
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases.
5
Get 5 Roam Like Home days at no cost every year for Rogers mobile plans (up to $80 value).
Insurance Benefits
$1,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$65,000
Rental car insurance amount
✅ Is the Walmart Rewards Mastercard worth it?
The Walmart Rewards Mastercard may be worth it for a select few who shop at Walmart more than the average consumer. There are other no-fee credit cards with higher earn rates and more benefits that you can redeem at various locations besides Walmart. But if you like the simplicity of redeeming your rewards at one retailer, then it may be a worthwhile card to consider.
