It is no secret that Walmart has a huge customer base. Like many other retailers, the company decided to offer a rewards credit card to their customers. The Walmart Rewards World Mastercard was launched in 2011, and was the first rewards card to be issued by a retailer. It is a Visa Signature card and is issued by the Walmart Bank.
The Walmart Rewards World Mastercard is a charge card that allows you to earn points and cash back rewards while shopping at Walmart and other participating stores. Points can be redeemed for cash back in the form of Walmart Bucks. You get 5% cash back at Walmart purchases and 3% at other purchases.
Walmart Rewards World Mastercard Review
Almost every retail giant seems to have its own credit card product, including Walmart. If you shop at Walmart often, you may have been offered a branded credit card. And you can benefit from it because it allows you to earn rewards that can be used to pay for your expenses at Walmart. There are several Walmart credit card options, including the Walmart Rewards World Mastercard, a commission-free credit card that can be used anywhere Mastercard is accepted. Let’s take a closer look at the Walmart Rewards World Mastercard to see if it’s worth adding another credit card to your portfolio. Looking for credit cards to build credit? Check out these credit cards to build your credit.
How to earn rewards with the Walmart Rewards World Mastercard
With the Walmart Rewards World Mastercard, you earn 1.25% on every dollar you spend at a Walmart store and 3% on every dollar you spend online at Walmart.ca. You can also earn 1.25% on every dollar you spend on gas and 1% on all other purchases. When you sign up for the first time, you also have the opportunity to win $25 immediately. To receive your first $15, you must make 2 qualified purchases in the first month, one of which must be at Walmart. And to get the remaining $10 bonus, just sign up for e-billing within the first two billing periods. Every Walmart Rewards dollar you earn is equal to $1 at Walmart. Rewards can be spent in any store or on Walmart.com. You cannot use earned rewards for purchases from another retailer. However, you can still use the Walmart Rewards World Mastercard to make purchases anywhere Mastercard is accepted and earn all the rewards you can spend at Walmart.
Walmart Rewards World Mastercard Benefits
There are a number of reasons why you should apply for a Walmart Rewards World Mastercard:
$0 Annual contribution
It’s hard to find a credit card that doesn’t charge annual fees. But with the Walmart Rewards World Mastercard, you can earn rewards points without paying an annual fee.
Earn points that can be redeemed for purchases at Walmart
Make your money work for you every time you buy a credit card. The points earned can be used for purchases at Walmart, both in-store and online. And if you do most of your shopping here, you can enjoy a free shopping cart download from time to time.
$25 Welcome Bonus
If you sign up for the Walmart Rewards World Mastercard, you can earn up to $25.
Redeem Walmart Rewards with just $5 credit
You don’t have to wait until you have accumulated a significant number of points to use them. Instead, the Walmart Rewards World Mastercard lets you enjoy life’s simplest pleasures with just $5 free.
Free additional cards
You can add additional authorized users to your account and receive a card for each of them at no additional cost.
Protection against naked liability
Transactions made without your consent will be refunded through the Walmart Rewards World Mastercard Zero Liability Protection Plan.
Mastercard Global Services
If your card is lost or stolen, Mastercard’s global service allows you to immediately access your credit and replace your card.
Eligible purchases made with your credit card are protected from loss, damage or theft for the first 90 days after purchase.
Any eligible item purchased with a Walmart Card is covered by a dual manufacturer’s warranty for repair or replacement for an additional year. Check out these credit cards with mobile insurance.
Disadvantages of the Walmart Rewards World Mastercard
While the Walmart Rewards World Mastercard has many benefits, it also has a few drawbacks:
Earning bonuses with pre-tax amounts only
With the Walmart Rewards World Mastercard, you can only earn Walmart Dollars on the tax-free amount, not on the entire transaction.
High income required
Since it is a World Mastercard, you must have a personal income of $60,000 or a household income of $100,000 to qualify.
Rewards can only be redeemed at Walmart.
With many other reward cards, you can use points to buy goods and services from different merchants. Walmart Rewards World Mastercard rewards can only be used at Walmart.
Walmart Rewards World Mastercard
Before taking out a credit card, it is important to familiarize yourself with the costs involved. Below are the fees associated with the Walmart Rewards World Mastercard:
- Annual Fee : $0
- Extra cards: $0
- Purchase interest : 19.89%
- Interest rate of the transferred balance : 19.89%
- Interest rate for early repayments : 21.49%
- Exchange fees : 2.5%
Do you have too much credit card debt? Here are 8 steps to reduce credit card debt.
Walmart Rewards World Mastercard Overview
|Minimum income requirement||Personal income $60,000/year Household income $100,000/year|
|Acquisition of the APR||19.89%|
|Annual interest rate for cash credit||21.49%|
|APR for credit transfers||19.89%|
Walmart Rewards World Mastercard requirements
To qualify for the Walmart Rewards World Mastercard, you must meet the following criteria:
- be a resident of Canada
- have reached the age of majority in the province where you live
- Have a personal income of at least $60,000 or a household income of $100,000.
If you shop at Walmart often, consider becoming a Walmart Rewards World Mastercard cardholder. Rewards can only be used at Walmart, but if you do most of your shopping at this retail giant, it won’t matter much.There are few rewards credit card offers that I find to be as interesting as the Walmart Rewards World Mastercard. This is because it is one of the few reward credit cards that lets you earn cash back (which I love) and gives you a 5% discount (which I love even more). This card can be used for everyday purchases, but there are two ways to earn cash back with this card: earn 5% cash back on everything, and get a $25 Walmart gift card every year.. Read more about capital one walmart rewards card and let us know what you think.
Frequently Asked Questions
Is the Walmart Mastercard worth it?
For the most part, the Walmart Mastercard program is pretty great, and it is definitely worth getting if you shop at Walmart. You get 3% cash back on all purchases (at any Walmart and Sam’s club locations) as well as 10% back at Walmart.com, and you can earn an additional 5% back when you shop at Sam’s Club. These rewards are paid out in a timely fashion and are generally worth getting. The Walmart Mastercard is a great card for the Walmart store shoppers out there. The benefits are great for the first year, and the sign up bonus is being offered again for those who need a little extra incentive to use their card regularly (42,000 points after you spend $500 in the first 90 days). This card is also making a comeback in the market place due to the fact that it is one of the few cards that is offering the bonus again.
What is Walmart Rewards World Mastercard?
Walmart Rewards World Mastercard is essentially a version of the American Express Card that is designed for Walmart customers. In fact, it is a Visa card (as opposed to a MasterCard) that is issued by a company called Visa. This card allows you to get points on purchases made at Walmart, as well as other purchase made at select vendors that accept Visa. Any time you need a gift card, all you have to do is visit the Walmart website and redeem your gift card for whatever you want. But what if you could get the gift cards that are less than you pay for them? That’s the idea behind Walmart’s Rewards World Mastercard.
Is the Capital One Walmart Rewards card a good credit card?
Credit cards come in all shapes and sizes, but the Capital One Walmart Rewards card is probably one of the least glamorous credit cards out there. The card was originally launched by Capital One back in 2011, and Walmart continued to provide support for it since then. In 2016, you could get a Walmart MasterCard from Capital One and earn 2% cash back on all purchases, no annual fee and a $20 sign up bonus. But, is this a good card to get? I’m going to give a review on the card and help you decide for yourself.
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