What is the difference between the Walmart Rewards Mastercard and the Walmart Rewards World Mastercard?

Both cards are issued by Fairstone Bank of Canada, both have no annual fee, and both earn 3% in Walmart Rewards dollars at Walmart stores and walmart.ca, plus 1% elsewhere. The key difference is eligibility: the basic Walmart Rewards Mastercard® has no minimum income requirement, while the Walmart Rewards World Mastercard® requires a household income of $100,000 and unlocks World Mastercard travel and purchase benefits.

Is the Walmart Rewards Mastercard welcome bonus worth applying for?

The current welcome bonus is modest: a $25 Walmart Rewards bonus after a single Walmart purchase of at least $75 in the first 30 days. It is essentially a token to encourage activation rather than a real points haul. milesopedia members who spend hundreds at Walmart every month do see steady value from the 3% earn rate, but families who shop at multiple retailers usually do better with broader cards like the Tangerine Money-Back Credit Card or the BMO CashBack® Mastercard®.

Where can I redeem my Walmart Rewards dollars?

Walmart Rewards dollars are redeemable in $5 increments directly at Walmart Canada checkouts, in store and online. They cannot be converted to cash, transferred to other loyalty programs or used at non-Walmart merchants, which makes the program quite restrictive compared to flexible cards like the American Express SimplyCash™ Card or the Tangerine Money-Back Credit Card. If you do most of your grocery and household shopping at Walmart, redemption is fast and convenient.

Should I get a Walmart Mastercard if I shop at Walmart only occasionally?

Probably not. The Walmart cards are optimized for households that spend $300+ per month at Walmart. If your Walmart visits are occasional, a card with broader rewards usually wins: the BMO CashBack® Mastercard® earns 3% on groceries at most major chains, the American Express® Cobalt™ Card earns 5X points on groceries and dining, and the Rogers Red World Elite® Mastercard® earns a flat 2% cash back — all without locking your rewards into a single retailer.