First year value
$0
Get this card if you:
- want to earn great cash back at Walmart
- want to avoid paying an annual fee
- don't need comprehensive insurance benefits
At a glance
The Walmart Rewards™ World Mastercard® is a no-annual-fee credit card tailored for frequent Walmart shoppers, offering elevated rewards on select Walmart brands and online purchases. Cardholders earn a high rate back in Walmart Reward Dollars on purchases of Walmart brands like George, Athletic Works, Great Value, and Parent's Choice and a lower rate back on other eligible purchases. Additional benefits include purchase assurance, extended warranty protection, and access to Mastercard Global Services; however, the card requires a minimum annual household income, and rewards can only be redeemed at Walmart, which may limit its appeal compared to more flexible rewards cards
Highlights
Interest Rates
20.89% - 26.99%
Purchase APR
20.89% for Quebec residents
22.97% - 27.99%
Cash advance APR
21.97% for Quebec residents
Eligibility
Good
Recommended credit score
$100,000
Required annual household income
Quick overview of the Walmart Rewards World Mastercard
The Walmart Rewards World Mastercard is a no annual fee credit card that rewards loyal Walmart shoppers. You can earn up to 5% in Walmart Reward dollars when you spend on popular Walmart brands, and redeem your rewards against your Walmart purchases.
Who’s the Walmart Rewards World Mastercard for?
The Walmart Rewards World Mastercard is best suited for loyal Walmart shoppers looking for a no annual fee credit card. New applicants will want to ensure they meet the $100,000 minimum annual household income threshold before applying. If you don’t spend a lot of money at Walmart, you’ll benefit more from other rewards credit cards.
Pros and cons
Pros
-
No annual fee
-
$45 bonus
-
Earn up to 5% rewards on select Walmart brands
-
Earn 3% on purchases through Walmart.ca
-
Extended Warranty and Purchase Assurance
-
Enjoy Mastercard Global Services benefits
Cons
-
Rewards can only be redeemed through Walmart
-
High minimum annual income threshold of $100,000 (household)
-
Lacks extended insurance coverages offered by other cards
Walmart Rewards World Mastercard welcome offer
There are no current welcome offers for the Walmart Rewards World Mastercard.
How to earn rewards on the Walmart Rewards World Mastercard
Loyal Walmart shoppers will love the earning potential of the Walmart Rewards World Mastercard. You’ll earn 5% back in Walmart Reward Dollars when you spend on select Walmart brands, including George, Athletic Works, Great Value and Parent’s Choice products; 3% back on eligible purchases made at walmart.ca with your World Mastercard; and 2% at gas and EV charging stations, and on transit purchases, including rideshare.
The regular earning rate for in store Walmart purchases is 1.25% and 1% on all other purchases made with the card.
How to redeem rewards with the Walmart Rewards World Mastercard
You can redeem your Walmart Reward Dollars towards most products Walmart sells in stores or online. If you’re shopping in store, the cashier will be able to apply any Reward Dollars you want to redeem towards your purchase, in $5 increments. The card reader at the checkout counter will let you know how many Reward Dollars you have available to redeem.
You can also redeem your points online, as long as you are logged in to your account and have selected your Walmart Rewards World Mastercard as your payment method. Walmart also makes it easy to know how much your points are worth, as every Reward Dollar is worth $1.
Walmart Rewards World Mastercard key benefits
- No annual fee
- Bonus of up to $45
- Split your purchase into six equal instalments when you spend $199.99 or more
- Access to Mastercard Global Services
Walmart Rewards World Mastercard insurance coverage
- Purchase assurance: Covers eligible purchases against theft, loss or damage for the first 90 days
- Free extended warranty plan: Can extend the manufacturer’s warranty for up to three years
Walmart Rewards World Mastercard eligibility criteria
To be eligible for a Walmart Rewards World Mastercard as a new applicant, you must have a household income of $100,000 or more. Existing Rewards Mastercard cardholders can upgrade to a World card if they have spent $15,000 or more on their Rewards Mastercard in the previous 12 months.
What people have to say about this card
In past years, many have complained about the mediocre earning rates of the World card. In this Reddit/PersonalFinanceCanada thread, users justlikeyouimagined and quiet wolf comment on the card being a “mediocre choice,” with one recommending the Tangerine Cash Back Card instead. However, effective June 27, 2024, Walmart has increased the earning rates on both of its Rewards Mastercards, making it more competitive for a no annual fee credit card.
One big drawback is the lack of redemption options. You can only redeem Walmart Reward Dollars against Walmart purchases. There are no options to redeem your earnings as a statement credit, or towards travel, such as airfare or hotel rooms.
How the Walmart Rewards World Mastercard compares
5% cash back
Welcome Bonus
$271
First Year Value
$171
Annual Value
Welcome Bonus: Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months. Expires Oct 31, 2025
Get this card if you...
-
want to earn cash back with no annual fee
-
value a good welcome offer
-
don't need comprehensive insurance benefits
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Momentum® No-Fee Visa* Card is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for spending at gas stations, grocery stores, drug stores, and on recurring bill payments. It also routinely comes with a generous welcome bonus.
Eligibility
Fair (300 - 619)
Recommended Credit Score
Pros
-
No annual fee: The card does not charge an annual fee, making it cost-effective for users.
-
Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.
-
Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.
-
Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).
-
Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.
Cons
-
Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.
-
Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.
-
Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.
-
Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.
-
Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.
-
Limited perks: Compared to other no-fee cards, the Scotiabank Momentum No-Fee Visa Card offers fewer perks and lower reward rates.
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
$2.5
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
Rewards cash back
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0).
The 5% Cash Back and Introductory 0% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotiabank Momentum No-Fee Visa credit card accounts (“Accounts”) that are opened by October 31, 2025 and is subject to the terms and conditions. All other terms and conditions of the Program Terms continue to apply during the Offer Period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Our Take
The Scotiabank Momentum® No-Fee Visa* Card is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for spending at gas stations, grocery stores, drug stores, and on recurring bill payments. It also routinely comes with a generous welcome bonus.
Eligibility
Fair (300 - 619)
Recommended Credit Score
Pros
-
No annual fee: The card does not charge an annual fee, making it cost-effective for users.
-
Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.
-
Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.
-
Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).
-
Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.
Cons
-
Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.
-
Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.
-
Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.
-
Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.
-
Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.
-
Limited perks: Compared to other no-fee cards, the Scotiabank Momentum No-Fee Visa Card offers fewer perks and lower reward rates.
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
$2.5
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
Rewards cash back
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0).
The 5% Cash Back and Introductory 0% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotiabank Momentum No-Fee Visa credit card accounts (“Accounts”) that are opened by October 31, 2025 and is subject to the terms and conditions. All other terms and conditions of the Program Terms continue to apply during the Offer Period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
$484
First Year Value
$384
Annual Value
Welcome Bonus: Get a bonus 10% cash back for the first 2 months – up to $100. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
Get this card if you...
-
want flexible cash back categories
-
want unlimited cash back
-
want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
$2.5
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Get a bonus 10% cash back – up to $100. Applies to purchases in your first 2 months. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
$2.5
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Get a bonus 10% cash back – up to $100. Applies to purchases in your first 2 months. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
Walmart Rewards World Mastercard vs. Walmart Rewards Mastercard
If you meet the eligibility criteria, the Walmart Rewards World Mastercard has more to offer than the standard Walmart Rewards Card. While the earning rates have recently been enhanced for both cards, you’ll earn more with the World card when shopping at Walmart.ca (3% vs. 1.25%), while benefiting from free extended warranty protection, which can be a valuable perk.
| Features | Walmart Rewards World Mastercard | Walmart Rewards Mastercard |
|---|---|---|
| Annual fee | $0 | $0 |
| Insurance coverage | Purchase protection and extended warranty protection | Purchase protection |
| Benefits | 5% back on select Walmart brands, 3% at walmart.ca, 1.25% at Walmart stores, 2% at any gas or EV charging station, 2% on transit (including rideshare) and 1% on all other purchases | 5% back on select Walmart brands, 1.25% at Walmart stores or walmart.ca, 2% at any gas or EV charging station, 2% on transit (including rideshare) and 1% on all other purchases |
| Review | You’re reading it | Read our review |
Is the Walmart Rewards World Mastercard worth it?
The Walmart Rewards World Mastercard can be worth owning as a secondary credit card, providing you shop regularly in-store and online at Walmart. The card has no annual fee, you can earn up to 5% on Walmart purchases, and it comes with purchase assurance and extended warranty protection. However, we recommend keeping a more flexible rewards card as your primary credit card, due to its lack of insurance coverage and redemption options outside of Walmart. With limited earnings and redemption potential outside of Walmart and a lack of additional benefits, including insurance, the card comes up short against the best no annual fee credit cards.
Colin Graves is a Winnipeg-based financial writer and editor whose work has been featured in publications such as Time, MoneySense, MapleMoney, Retire Happy, The College Investor, and more. Before becoming a full-time writer, Colin was a bank manager for over 15 years.
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