Best Walmart credit card (and the better alternatives)
Is the best Walmart credit card the Mastercards with their own brand name? Let's find out.
With Walmart's credit cards, you can earn and redeem in brick-and-mortar Walmart stores or at Walmart.ca.
But Canadians have no shortage of cash back and rewards cards to consider, and some of the other options out there might actually be more lucrative than Walmart’s official Mastercards, depending on your shopping habits.
Finding the right credit card for Walmart is a matter of knowing what kind of Walmart shopper you are and what share of your purchases are made at Walmart vs. other retailers.
It might surprise some readers to learn that Walmart’s official Mastercards aren’t always the most profitable cards for Walmart purchases. Cardholders must also consider that Walmart will not be the only place they shop, though we’ve outlined the best cards for those who rely on the mega-retailer for most of their shopping.
The best credit cards Canadians can use at Walmart
Walmart credit card | Fees and details | Get started |
---|---|---|
Walmart Rewards™️ Mastercard® |
Annual fee: $0
Income requirement: $12,000 Rewards/Cash Back at Walmart:1%–1.25% |
Apply now |
Walmart Rewards™️ World Mastercard® |
Annual fee: $0
Income requirement: $60,000 personal, $100,000 household Rewards/Cash Back at Walmart:1.25%-3% |
Apply now |
BMO CashBack® Mastercard®* |
Annual fee: $0
Income requirement: $12,000 Rewards/Cash Back at Walmart: 0.5%–3%* |
Apply now |
BMO CashBack® World Elite®* Mastercard®* |
Annual fee: $120 (first year free)
Income requirement: $12,000 Rewards/Cash Back at Walmart:1%–5%* |
Apply now |
SimplyCash® Card from American Express |
Annual fee: $0
Income requirement: n/a Rewards/Cash Back at Walmart:1.25% |
Apply now |
SimplyCash® Preferred Card from American Express |
Annual fee: $$9.99/month (Equals a total fee of $119.88 annually)
Income requirement: n/a Rewards/Cash Back at Walmart: 2% |
Apply now |
Rogers™ World Elite® Mastercard® |
Annual fee: $0
Income requirement: $80,000 personal, $150,000 household Rewards/Cash Back at Walmart:1.5% cash back |
Apply now |
Best Walmart credit card with easy approval
Walmart Rewards Mastercard
1.25% back in Walmart Rewards on all purchases made in-store or online at Walmart
1% back in Walmart Rewards at any gas station
1% everywhere else
$0 Annual Fee
20.89% - 26.99% Variable APR 20.89 for Quebec residents
22.97% - 27.99% Cash Advance APR 21.97% for Quebec residents
2.50% Foreign Transaction Fee
Good Recommended Credit Score
$12,000 Required Annual Personal Income
Best Walmart credit card for use at Walmart.ca
Walmart Rewards™️ World Mastercard®
3% back in Walmart Rewards on all purchases from Walmart.ca
1.25% back in Walmart Rewards on all purchases made in-store at Walmart
1.25% back in Walmart Rewards at any gas station
1% everywhere else
$0 Annual Fee None
20.89% - 26.99% Variable APR 20.89% for Quebec residents
22.97% - 27.99% Cash Advance APR 21.97% for Quebec residents
2.50% Foreign Transaction Fee
Good Recommended Credit Score
$100,000 Required Annual Household Income
Best non-Walmart credit card with no annual fee
BMO CashBack Mastercard
3% Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1% Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5% Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
$0 Annual Fee
20.99% Purchase APR
22.99% Cash Advance APR 21.99% for Quebec residents
Good Recommended Credit Score
$15,000 Required Annual Personal Income
Best premium Walmart credit card
BMO CashBack World Elite Mastercard
5% Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4% Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3% Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2% Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1% Everything Else: 1% cash back, unlimited*
$120 Annual Fee
20.99% Purchase APR
23.99% Cash Advance APR 21.99% for Quebec residents
23.99% Balance Transfer Rate
2.90% Foreign Transaction Fee
Excellent Recommended Credit Score
$80,000 Required Annual Personal Income
$150,000 Required Annual Household Income
Welcome Offer
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*.
Learn moreBest Amex for use at Walmart with no annual fee
Amex SimplyCash
2% 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)
1.25% Earn 1.25% cash back on all other eligible purchases—the only stuff that won’t get cash back are non-purchases, like cash advances, balance transfers, etc.
$0 Annual Fee
21.99% Purchase APR
21.99% Cash Advance APR
2.50% Foreign Transaction Fee Foreign Transaction
Good Recommended Credit Score
$0 Required Annual Personal Income
Welcome Offer
Earn up to $100 in Statement Credits in your first 10 months as a new cardmember
Learn moreBest Walmart credit card from American Express
SimplyCash® Preferred
4% Earn 4% cash back on gas in Canada.
4% Earn 4% cash back on grocery purchases in Canada, up to $1,200 cash back per year.
2% Earn 2% cash back on everything else with no limit.
$119.88 Annual Fee $9.99 per month. Additional cards are free.
21.99% Purchase APR
21.99% Cash Advance APR
Excellent Recommended Credit Score
Best Walmart credit card with no foreign exchange fees
Rogers World Elite Mastercard
3% Earn 3% unlimited cash back on purchases made in U.S. dollars.
1.5% Earn 1.5% unlimited cash back on everything else.
$0 Annual Fee To maintain eligibility, you must spend at least $15,000/year.
19.99% Purchase APR Increasing to 20.99% April 2024
22.99% Cash Advance APR
22.99% Balance Transfer Rate
Excellent Recommended Credit Score
$80,000 Required Annual Personal Income
$150,000 Required Annual Household Income
Welcome Offer
$25 Welcome Bonus in cash back rewards upon first card purchase within 3 months of receiving your card2
Learn moreWhat credit cards does Walmart Canada accept?
Walmart is a flexible retailer in that all credit and debit cards are accepted in any of its stores, including Visa, Amex, and Mastercard. Though there was a minor dispute between Visa and Walmart Canada in 2017 over interchange fees, the situation has since been resolved. Visa was briefly banned in some stores in Ontario, but the companies reached a compromise that saw the return of Visa as an accepted payment method at any Walmart in Canada.
Is Walmart considered a grocery store by credit cards?
Though you can use a Visa, Amex, or Mastercard to make purchases at all Walmart stores, Visa and Amex don’t categorize any type of Canadian Walmart as a grocery store. Reports from shoppers indicate Mastercard is the only card processor that treats Walmart Supercentres as grocery stores (Merchant Category Code 5411), though it still treats ‘regular’ Walmart locations as warehouses/wholesale stores.
Why is this important? If you shop frequently at Walmart Supercentres you can pile up a heap of rewards/cash back by paying with a Mastercard that has a high grocery earn rate. But if you tend to shop at regular Walmart stores it makes more sense to go with a credit card that has a high base earn rate on all purchases.
Learn more about Merchant Category Codes (MCCs) and how to use them to your benefit.
Walk out of Walmart with more savings
Walmart shoppers are consummate bargain hunters, and the easiest way to save an extra 1%–5% on top of Walmart’s super-low prices is to pay with the right credit card. Just remember the following:
- 1.
Walmart’s own credit cards are great for saving on Walmart purchases, but the rewards they earn are less flexible than what you’ll get from standard cash back cards.
- 2.
All Canadian credit cards are accepted at Walmart, but not all card processors categorize Walmart stores in the same way.
- 3.
When shopping at Walmart Supercentres it’s smart to use a Mastercard with a high earn rate on groceries.
- 4.
When shopping at regular Walmart discount stores it’s smart to use any credit card with a high base earn rate on all purchases.
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