Walmart Rewards World Mastercard Review

Do you often shop at Walmart? Then you should consider the Walmart Rewards World Mastercard. Earn points and redeem at Walmart online or in-person.

Lisa Rennie
Updated December 15, 2020


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. 

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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.

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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. 

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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: 19.89% 
  • Balance transfer interest rate: 19.89%
  • Cash advance interest rate: 21.49% 
  • Foreign exchange fee: 2.5%

Walmart Rewards World Mastercard Overview

Annual Fee$0
Minimum Income RequirementPersonal income of $60,000/year 
Household income of $100,000/year 
Purchase APR19.89% 
Cash Advance APR21.49%
Balance Transfer APR 19.89%

Eligibility Requirements For Walmart Rewards World Mastercard 

To be eligible for a Walmart Rewards World Mastercard, you 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.