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Just about every retail giant seems to have its own credit card product, including Walmart. If you’re a frequent shopper at Walmart, you may have been approached to apply for their branded credit card. And you may find having one beneficial, as it can help you accumulate rewards that you can redeem for expenditures at Walmart.

There are a couple of options in terms of Walmart credit cards, including the Walmart Rewards World Mastercard, a no-fee credit card that can be used anywhere that Mastercard is accepted. 

Let’s go into more detail about the Walmart Rewards World Mastercard to see if it’s worth adding one more credit card to your wallet. 

Looking for credit cards to build your credit? Check out these credit building credit cards.

How to Earn Rewards With The Walmart Rewards World Mastercard

With the Walmart Rewards World Mastercard, you can earn 1.25% on every dollar spent at all brick-and-mortar Walmart locations, and 3% on every dollar spent online at You can also earn 1.25% on every dollar you spend when you fill up on gas, and 1% on all other purchases. 

When you first sign up, you also have the chance to earn $25 right off the bat. To earn the first $15, you’ll need to make 2 qualified purchases within the first month, and one of them must have been made at Walmart. And for the remaining $10 bonus, all you need to do is sign up for paperless statements within the first 2 billing periods.

Every Walmart Rewards Dollar you earn is equal to $1 at Walmart. You can redeem your rewards to be spent at any store location or on 

You won’t be able to use your earned rewards on purchases at any other retailer. However, you can still use your Walmart Rewards World Mastercard to make purchases anywhere that Mastercard is accepted, which can help you earn all those rewards that you can spend at Walmart.

Benefits of The Walmart Rewards World Mastercard

There are a number of reasons why you might want to apply for the Walmart Rewards World Mastercard:

$0 Annual Fee

It’s tough to come across a rewards credit card that doesn’t charge an annual fee. But with the Walmart Rewards World Mastercard, you can collect rewards points without ever being charged an annual fee. 

Earn Points To Be Redeemed For Walmart Purchases

Make your money work for you every time you make a purchase with your credit card. The points earned can be redeemed towards purchases at Walmart, both in-store and online. And if you do much of your shopping here, you can enjoy a free shopping cart load every once in a while.

$25 Welcome Bonus

Just for signing up for the Walmart Rewards World Mastercard, you can earn up to $25. 

Redeem Walmart Rewards With As Little As $5 Accumulated

There’s no need to wait until you’ve racked up a sizable number of points before you can redeem them. Instead, you can redeem as little as $5 with the Walmart Rewards World Mastercard, so you can enjoy some of life’s simplest pleasures for free. 

Free Supplementary Cards

You can add additional authorized users to your account and get each of them a card at no extra charge. 

Zero Liability Protection

Any transactions that are made without your authorization will be reimbursed to you thanks to the Walmart Rewards World Mastercard’s Zero liability protection plan. 

Mastercard Global Services

If your card is ever lost or stolen, you can get access to immediate cash and have your card replaced with the help of Mastercard global services. 

Purchase Assurance

Eligible purchases made with your credit card will be protected against loss, damage, or theft for the first 90 days that the purchase is made. 

Extended Warranty

Any eligible product bought with your Walmart card comes with twice the manufacturer’s warranty to have it repaired or replaced for an extra year. 

Check out these credit cards with mobile device insurance.

Drawbacks of The Walmart Rewards World Mastercard

While there are plenty of perks that the Walmart Rewards World Mastercard offers, there are also some downsides to the card that are worth taking into consideration:

Earn Rewards Only On Pre-Taxed Dollars

With the Walmart Rewards World Mastercard, you can only earn Walmart Dollars on the pre-tax amount instead of the entire transaction. 

High Income Required

Because this is a World Mastercard, you’ll require a personal income of $60,000 or a household income of $100,000 to be eligible. 

Rewards Can Only Be Redeemed At Walmart

Many other rewards cards allow points to be redeemed toward the purchases of goods and services with various merchants. The rewards earned with the Walmart Rewards World Mastercard can only be redeemed at Walmart.

Walmart Rewards World Mastercard Fees

Before you take out any credit card, it’s important to get familiar with the cost associated with it. Here are the fees associated with the Walmart Rewards World Mastercard: 

  • Annual fee: $0
  • Supplementary cards: $0
  • Purchase interest rate: 26.99% (standard rate card), 20.89% (preferred rate card)
  • Cash advance interest rate: 27.99%, 22.97% (preferred rate card)
  • Foreign exchange fee: 2.5%

Do you have too much credit card debt? Here are 8 steps to reduce your credit card debt.

Walmart Rewards World Mastercard Overview

Annual Fee$0
Minimum Income RequirementPersonal income of $60,000/year 
Household income of $100,000/year 
Purchase APR26.99% – standard rate card
20.89% – preferred rate card
Cash Advance APR27.99% – standard rate card
22.97% – preferred rate card (21.97% for QC residents)

Eligibility Requirements For Walmart Rewards World Mastercard 

To be eligible for a Walmart Rewards World Mastercard, you’ll need to meet the following criteria:

  • Be a Canadian resident 
  • Be the age of majority in the province you reside in
  • Earn a minimum personal income of $60,000, or household income of $100,000

Final Thoughts

If you find yourself shopping at Walmart pretty often, then you might want to think about enrolling as a Walmart Rewards World Mastercard cardholder. While rewards can only be redeemed at Walmart, that shouldn’t matter much if you spend the bulk of your shopping dollars at the retail giant.

Lisa Rennie avatar on Loans Canada
Lisa Rennie

Lisa has been working as a personal finance writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same.

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