Best Walmart credit card (and the better alternatives)

The official Walmart Rewards™️ Mastercard® is a great way to begin saving instantly at Walmart stores across Canada. Its earn rate is strong considering its $0 annual fee: each purchase at any Walmart store (or Walmart.ca) earns 1.25% back in Walmart Reward Dollars. Purchases made elsewhere earn these rewards at a rate of 1%. Walmart Reward Dollars are redeemable online and at the register in any Walmart, where cardholders can simply tap their card and redeem as little as $5 instantly. Customers can also order a Walmart credit card for their spouse or partner at no extra charge and will get up to 25 Walmart Reward Dollars the first time they sign up.

Though its earn rates are good for such an accessible, no annual fee card, it does have a notable achilles heel: Reward Dollars can only be redeemed at Walmart itself, so it’s somewhat inflexible compared to regular cash back cards, which usually allow you to redeem your cash back directly against your card’s balance.

If you're someone who frequently shops online at Walmart.ca, grabbing the Walmart Rewards World Mastercard could be a smart move.

Picture this: every time you fill up your online shopping cart, you're earning more than double the rewards rates on your Walmart hauls (it's also a bit better on your gas purchases). Plus, imagine not fretting over the cost of a coffee maker breaking down shortly after purchase or the annoyance of unexpected foreign transaction fees during your travels. With the World Mastercard, you're covered with extended warranties and potentially no foreign transaction fees, among other perks. It's tailored for you, the savvy shopper who maximizes every dollar spent.

Choosing this card means you're looking beyond just rewards. You value the peace of mind that comes with additional protections on your purchases and the convenience of a card that matches your lifestyle and spending habits. It's about making your money and your rewards work harder for you. So, if your shopping list often leads you to Walmart and you enjoy the finer things in card benefits, the World Mastercard is your ally, ensuring every swipe or tap brings more value back into your pocket.

The BMO CashBack® Mastercard® is the ideal fit for people who prefer not to pay an annual fee for their credit card and who shop a lot at Walmart Supercentres, where the Mastercard’s 3% (up to a monthly max of $500) cash back on groceries. Cash back can be redeemed against your card statement whenever you want, which is a particularly flexible policy.

That said, keep in mind that the card will earn a relatively meagre 0.5%* at regular Walmart discount stores, so it’s not such a boon unless you do the lion’s share of your Walmart shopping in Supercentres. If you find that you’re spending more than $500 per month on groceries it probably makes sense to pay an annual fee for an upper-tier card with a higher earn rate.

Disclosures:

• *Terms and conditions apply.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

The BMO CashBack® World Elite®* Mastercard®* has an amped-up 5% cash back rate for up to $500 spent on groceries per month* (i.e., up to $25 in cash back per month). Those who max out that monthly limit at Walmart Supercentres can earn up to $300 in cash back over the course of a year, which is way more than double the card’s $120 (annual fee waived in the first year*).

Unfortunately its base cash back earn rate, which will apply to regular Walmart stores, is only 1%*. That said, its welcome offer is among the strongest offered by any cash back card in Canada, and items you buy with the card benefit from some of the best extended warranty and purchase protection coverage offered by any credit card in Canada as well.  

Disclosures:

• *Terms and conditions apply.
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

The regular SimplyCash® Card from American Express (not to be confused with the SimplyCash® Preferred Card from American Express below) works well for saving money at Walmart or any of the other Canadian stores where Amex cards are accepted.  

Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases. Though this makes it even with the Walmart’s Mastercard at Walmart stores, unlike the official Walmart card, the cash back you earn with this Amex card can be redeemed directly against your card balance. SimplyCash® Card from American Express cardholders will also appreciate that the card has no annual fee.

Though the insurance benefits for the standard SimplyCash® Card from American Express aren’t as impressive as the insurance benefits for the Preferred card version, you’ll still get coverage for travel accidents, as well as extended warranties and insurance on newly purchased items.

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.

Though its annual fee of $119.88 is on the higher end, the earn rate makes it easy to earn this much and more in one year. Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases. Add in a suite of comprehensive travel insurance and shopping coverage and this Amex card really starts to look like “the complete package.”

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.

The Rogers Red World Elite® Mastercard® has a high 1.5% flat cash back rate on all purchases in Canadian dollars, which makes it a great option for earning back at regular, non-Supercentre Walmart stores in Canada. Its 3% cash back on USD purchases also makes it ideal for snowbirds who shop at any Walmart store in the United States. This means that while you travel (or shop online at foreign eCommerce retails that accept US dollars), you’ll earn 0.5% above the universal 2.5% foreign transaction fees.

For such a comprehensive cash back deal, it’s surprising that the card has no annual fee. The cash back you earn is more flexible than Walmart’s Mastercard as well, as it can either be redeemed as a statement credit once yearly, or on-demand via the Mastercard app Pay with Rewards. A cherry on top comes in the form of a nice insurance package, which includes coverage for new purchases, rental vehicles, emergency medical needs and trip interruption and cancellation.

Just remember that the card’s annual income requirements can be prohibitive. It also has a rare annual $15,000 spending requirement just to maintain eligibility for the card; spend less than that and your card may be cancelled or demoted to another Rogers card with less favourable cash back rates.

Walmart has been spreading across Canada since it first crossed the border in 1994. As of 2025, Walmart operates over 400 stores across the country, serving an impressive 1.5 million customers everyday.. We're talking a mix of Supercenters (the big kahunas with groceries and all) and your classic Walmart stores.

But Walmart is far more than just 400 physical stores. The Walmart Canada online presence continues to grow, with record profits year-over-year as Canadians continue to flock to the Arkansas-based retail giant. 

In a 2024 study, Walmart Rewards ranked seventh in the Affection Index, showing that shoppers are developing quite the crush on this retail giant. The only Canadian credit card rewards programs that outscored Walmart Rewards were PC Optimum (1st place), Metro's moi program (third) and BMO AIR MILES (fifth). 

Walmart, like other major Canadian corporations (we're looking at you Canadian Tire) Walmart is actually a collection of brands:

• Great Value: The MVP of Walmart's own-brand lineup! It's like the Swiss Army knife of store brands – versatile, reliable, and always there when you need it. From groceries to household essentials, Great Value's got your back without breaking the bank.
• Equate: Walmart's health and beauty sidekick! It's like having a personal care fairy godmother, but instead of a wand, she's got affordable shampoos, vitamins, and band-aids. 
• George: The fashion-forward member of the Walmart clan! It's like having a stylist in your shopping cart, offering trendy threads for the whole family without the designer price tag. 
• Parent's Choice: From diapers to baby food, it's got new parents covered.
• Mainstays:  Furniture, decor, and all those little things that make a house a home, without making your wallet cry.
• Ol' Roy: The tail-wagging treat for your four-legged friends! Named after Sam Walton's beloved hunting dog, it's like giving your pup a piece of retail history with every bite.
• Pen+Gear: The superhero of school and office supplies! It's like having a personal assistant for all your writing, organizing, and doodling needs, minus the coffee runs and scheduling conflicts.
• Onn: Walmart's tech-savvy cousin! It's like having a gadget guru in your pocket, offering everything from headphones to tablets without the need for a second mortgage. High-tech meets low price – now that's a smart combo!
• Ozark Trail: The outdoorsy adventurer of the bunch! It's like having a wilderness guide, but instead of leading you through the forest, it's leading you to great deals on camping and outdoor gear. Happy trails, indeed!
• Special Kitty: The feline-friendly member of the family! It's like catnip for your budget, offering everything your whiskered overlord demands without hissing at your wallet.