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If you frequently shop at Walmart, you may think that the store-branded credit card is your best bet for reaping rewards—but is it? Read on to determine which card is best for your spending habits and lifestyle.
It should come as no surprise that a company with this kind of reach has a financial services arm. Alongside insurance and money transfers, the brand offers a no-annual-fee Walmart Rewards Mastercard. This card is tailored for the brand’s shoppers, who reap rewards when they use it at Walmart. But is it the best option when it comes to collecting rewards? The answer depends on your spending habits and goals. Read on for more about the Walmart Rewards Mastercard and nine strong alternatives.
Annual fee: $0
Welcome offer: This card does not have a welcome offer at this time.
Card details
| Interest rates | 19.89% on purchases and 22.97% on cash advances |
| Income required | $12,000 |
| Credit score | 660 or higher |
At a glance: By allowing you to earn Walmart Rewards Dollars, redeemable at a 1:1 ratio, the Walmart Rewards Mastercard has one of the most straightforward programs around. Purchases made at Walmart (both in-store and online) earn 1.25% back, while spending everywhere else is rewarded at a perfectly respectable 1% in Walmart Rewards Dollars. These Dollars, which are valued at $1 each, can be redeemed in lieu of cash at Walmart. You only need to rack up 5 Rewards Dollars before you can redeem, which means cashing in your points is fast and easy. The card commands no annual fee, and additional cards for family are free, so collectors can rack up their rewards quickly. The company also offers an attractive welcome bonus of up to 25 Rewards Dollars. The simple earn ratio and redemption process make this feel a bit like a cash back card, but it’s important to understand that Dollars are not dollars. These rewards can only be spent at Walmart stores or at walmart.ca, and therein lies the card’s main weakness. Although Walmart offers a truly broad range of products, some consumers may not like the lack of flexibility.
At a glance: This card’s higher cash-back rates can really add up. For $99 annually, the American Express SimplyCash Preferred card will get you 2% back on all purchases, including at Walmart. This means your annual fee will pay for itself after you spend $5,000—and that’s not even taking into account the four-month introductory rate of 10% back (up to $400). This card’s insurance coverage is valuable for those who travel, with included medical, accident, car rental, baggage and burglary protection. Up to nine free supplementary cardholders means that you and your family can really rake in the cash.
Annual fee: $119.88 ($119 for Quebec residents)
Welcome offer: Earn a bonus 10% cash back on all purchases for your first three months (up to $2,000 in purchases) and a $50 statement credit when you make a purchase in month 13 (total value of up to $250).
Card details
| Interest rates | 21.99% on purchases and cash advances, 25.99% to 29.99% penalty APR on purchases and cash advances (rates are variable) |
| Income required | None specified |
| Credit score | 725 or higher |
At a glance: If you’re looking for a no-annual-fee cash back card, it’s hard to beat this Tangerine product. It allows you to select up to three spending categories where you can earn a very generous 2% back—and groceries is one of them. Purchases at Walmart Supercentres fall into the “groceries” category for Mastercard credit cards, so with that category activated, this product beats out Walmart’s card by 0.75% on every dollar. However, not all Walmart stores are classified as Supercentres, so you may not earn rewards at your local store. All cardholders can choose two categories, but open a Tangerine Savings Account and you’ll earn in a third. All other purchases get 0.5% back, so this card is best for strategic spenders.
Annual fee: $0
Welcome offer: Earn 10% cash back for 2 months on up to $1,000 in net purchases ( max $100 cash credit). Offer ends November 30, 2026.
Card details
| Interest rates | 20.95% on purchases, 22.95% on cash advances and 22.95% on balance transfers |
| Income required | Personal or household income of $12,000 |
| Credit score | 660 or higher |
At a glance: This card gets the nod for its strong offer of 2 TD points per $1 on everyday purchases—including at Walmart. What does that mean in terms of getting you to your next destination faster? You get 8 TD Points per $1 on travel booked through Expedia For TD; 6 TD Points per $1 for groceries and restaurants; 4 TD Points per $1 spent on recurring bill payments; and 2 TD Points for everything else.
Earn more at Starbucks: Link your eligible Card to earn 50% more TD Rewards Points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.
Annual fee: $139 (waived first year)
Welcome offer: Earn up to $1,400 in value, including up to 160,000 TD Rewards Points and receive an Annual Fee rebate for the first year. Conditions apply.
Card details
| Interest rates | 21.99% on purchases, 22.99% on cash advances (21.99% in Quebec), 22.99% on balance transfers (21.99% in Quebec). |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Anniversary bonus | Earn an annual birthday bonus of 10% of your previous year’s points (up to 10,000 points). |
If earning rewards for grocery purchases is important to you, keep in mind that Walmart Supercentres may not be considered grocery stores for points-collection purposes by certain credit card providers—so it’s important to read the fine print. Only Mastercard counts Walmart Supercentre purchases as “groceries.”
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Thanks for the info. I am trying to buy a camera that you only sell online for 2000.00. I Have the money 10 times over but can’t buy it because I have no credit card. I will shop elsewhere. Take care. I wish we still had Sears instead.