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Best Credit Cards for Walmart Canada – May 2022

May 01, 2022
by Jean-Maximilien Voisine
Rewards Best Credit Cards for Walmart Canada – May 2022
To the point Are you looking for a credit card to shop at Walmart? Here is our pick of the best credit cards for Walmart Canada.

Walmart Canada Credit cards

Walmart Canada offers two credit cards:

Walmart Fr cards

Here are the main features of these two Walmart credit cards:

Walmart Rewards Mastercard Walmart Rewards World Mastercard
Household income required $0 $100,000+
Annual fee $0 $0
Online at walmart.ca 1,25 % 3 %
At any Walmart store in Canada 1,25 % 1,25 %
At any gas station 1 % 1,25 %
Everywhere else 1 % 1 %

Both Walmart Canada credit cards are attractive, with no annual fee. With the World version, you get 3% cash back on your online purchases at Walmart.ca, which is hard to beat.

Spending Category

Note that most credit cards consider Walmart – like Costco – to be warehouse stores. As a result, the “for all purchases” earn rate will apply – not the accelerated grocery rate for a card like the American Express CobaltTM Card with 5 points per dollar. At Walmart, it will, therefore, be only 1 point.

However, on the Mastercard side, some credit cards consider Walmart Supercentres like grocery stores.

Other Credit Cards for shopping at Walmart Canada

In Canada, several credit cards are interesting for shopping at Walmart, but also elsewhere. Here’s our selection of credit cards with no annual fee from 5 issuers:

SimplyCash™ from American Express

Would you like a cashback credit card with no-annual-fee and a high earning rate on all your purchases? Here’s an option for you: the SimplyCash™ from American Express.

With this Card, you earn a 1.25% cashback on all purchases.

For the first 6 months, you can earn 4% cash back with the SimplyCash™ from American Express (up to $200 cash back).

And you’ll get insurance with it: $100,000 travel accident insurance, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.

Like all American Express Canada Cards, there is no minimum income requirement.

This Card + Walmart

With the SimplyCash™ from American Express, you earn 1.25% on your purchases at Walmart (in-store and online), but also on your gas purchases and everywhere else!

And this credit card doesn’t require any minimum income, unlike Walmart’s World Mastercard version.

BMO® CashBack® Mastercard®*

The BMO® CashBack® Mastercard®* is a cash back credit card with no annual fee. With the BMO® CashBack® Mastercard®*, you can earn 5% cash back for the first 3 months. It’s a maximum welcome bonus of $100.

Then you get:

  • 3% cash back on grocery purchases, including at Walmart Supercenters
  • 1% cash back on recurring bill payments

Finally, you can also get a 1.99% introductory interest rate on Balance Transfers for 9 months.

This Card + Walmart

With the BMO® CashBack® Mastercard®*, you earn 3% on your purchases at Walmart Supercentres, which qualify in the Grocery spending category. And you’ll also get 1% on recurring bill payments!

In other Walmart and online stores, and anywhere else you’ll get 0.5%.

MBNA Rewards Platinum Plus® Mastercard®

The MBNA Rewards Platinum Plus® Mastercard® is one of the best no-fee credit cards in Canada.

With this card, you earn 2 points per dollar on some purchases:

  • Dining
  • Groceries
  • Digital media (Netflix, Spotify, etc.)
  • Memberships
  • Household utilities (electricity, etc.)

And 1 point per dollar everywhere else.

For a limited time, you can get 10,000 welcome bonus points, a $100 value on travel purchases charged to your Card.

This Card + Walmart

With the MBNA Rewards Platinum Plus® Mastercard®, you earn 2 points per dollar on your purchases in Walmart Supercentres, which qualify in the Grocery spending category. And you also earn 2 points per dollar on gas and restaurants purchases!

In other Walmart stores and online, you earn 1 point per dollar like anywhere else.

MBNA Rewards Platinum Plus® Mastercard®

The MBNA Smart Cash Platinum Plus® Mastercard® is one of Canada’s best cashback credit cards with no annual fee.

With this card you can get 2% for some purchases:

  • gas
  • grocery stores

Until the total gas and grocery purchases in the applicable month reaches $500. And 0.5% everywhere else.

For a limited time, you can get 5% cash back for the first 6 months, up to $150.

This Card + Walmart

With the MBNA Smart Cash Platinum Plus® Mastercard®, you earn 2% cash back on your purchases at Walmart Supercentres , which qualify in the Grocery spending category. And you’ll also get 2% cash back on gas purchases!

In other Walmart and online stores, and anywhere else you’ll get 0.5%.

Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card has no annual fee and offers cashback.

Apply for a Tangerine Money-Back Credit Card by May 31, 2022, and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

  • 90 days purchase insurance
  • One year extended warranty

Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.

This Card + Walmart

With the Tangerine Money-Back Credit Card, you earn 2% on your purchases in Walmart Supercentres, which qualify in the Grocery spending category.

In other Walmart stores and online, you earn 0.5%. You can also choose up to 2 additional spending categories (like gas and recurring bill payments) to get 2% as well.

Tangerine World Mastercard

If you have an individual income of $60,000 or a family income of $100,000, you could choose to apply for the World Mastercard Tangerine.

This credit card has no annual fee and offers cashback. You can earn an extra 10% cash back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

You can choose two to three categories that interest you (groceries, gas, furniture, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there is no annual cash back limit.

In addition, the Tangerine World Mastercard comes with several insurance coverages for your purchases and travel :

  • 90 days purchase insurance
  • One year extended warranty
  • Mobile Device Insurance
  • Rental Car Collision/Loss Damage Insurance

HSBC Cash Rewards Mastercard®

With the HSBC Cash Rewards Mastercard®, you can earn $125 cash back as a welcome bonus with no minimum spending (for Quebec).

With this no annual fee credit card, you get:

  • 1.5% cash back per dollar on online purchases
  • 1% cash back per dollar on gas, grocery and drugstore purchases
  • 0.5% cash back per dollar on all other everyday purchases

Plus, you get Mobile Device Insurance, Purchase Insurance and Extended Warranty Insurance.

This Card + Walmart

With the HSBC Cash Rewards Mastercard®, you earn 1% on your purchases at Walmart Supercenters that qualify in the Grocery purchase category. At Walmart.ca you will get 1.25% as with all your online purchases.

Conclusion

You can see it: you are not limited to the two credit cards issued by Walmart Canada. Other options that are just as or even more appealing are available to you in Canada!

Check out our other credit card rankings :

Cover picture: Benchapple

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