A New Walmart Mastercard Is Coming: The Walmart World Mastercard

Written by Team Genius

updated on Oct 12, 2022

Fact Checked

The Walmart Rewards Mastercard can’t be missed when you’re in-store at any Walmart, especially when checking out.

Offering 1.25% back in Walmart rewards on Walmart purchases (1% on all other purchases), the card aims to save you money when shopping at Walmart.

And while there are better credit cards for shopping at Walmart (led by the Tangerine Money-Back Credit Card), it still is a good card for shopping at Walmart stores.

Earn 2% cash back on every purchase with no income requirements:

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However, there’s some news on Walmart Mastercards. Thanks to RedFlagDeals user (Bean), we now know that there’s a new Walmart Mastercard coming in September 2020.

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New Walmart World Mastercard details

Yes, it’s a World Mastercard, with improved earn rates, and still no annual fee.

From this RFD forum, here’s what we know so far about this card.

The card will be earning Walmart Rewards at these rates:

3% at Walmart.ca,
1.25% on gas and in-store at Walmart, and
1% back everywhere else.

It’s definitely a step up, and you won’t be able to match the 3% earned online at Walmart.ca, especially with a no-fee card. Earning an extra 0.25% on gas is also nice.

And since it’s a World Mastercard, you’ll need to meet minimum income requirements of either $60,000 personal or $100,000 household to qualify.

However, that’s all we really know at this time about the card. It’s not available yet through Walmart’s Mastercard site. But when we find more information, we’ll let you know.

Related: Top No Fee Credit Cards with 1% Cash Back (or More) On All Purchases

Alternative credit cards for shopping at Walmart

Prefer a credit card that offers more rewards on every purchase? Amex’s lineup of SimplyCash credit cards could be for you.

Here’s what these credit cards have to offer.

Amex Credit Card	Welcome Bonus	Earn Rate	Annual Fee	Apply Now
Amex SimplyCash Preferred	10% cash back for the first 3 months + $50 (terms)	* 4% cash back on gas and groceries * 2% cash back on all other purchases	$119.88	Apply Now
Amex SimplyCash	$50 GeniusCash + 5% cash back for the first 3 months (terms)	* 2% cash back on gas * 2% cash back on groceries (up to $300 cash back annually) * 1.25% cash back on all other purchases	$0	Apply Now

SimplyCash^® Preferred Card from American Express

4.4 Genius Rating

3.8 (24) User reviews

×2 Award winner

Annual fee

See rates

Learn more

Welcome bonus

$199^◊
10% cash back + $50

Annual rewards
$918^◊
Learn more

SimplyCash® Preferred Card from American Express

Apply Now Learn More

Instant approval: Yes

Credit estimate:

SimplyCash^® Preferred Card from American Express

4.4 Genius Rating

3.8 (24) User reviews

2x Award winner

Annual fee

See rates

Learn more

Welcome bonus

$199^◊
10% cash back + $50

Annual rewards
$918^◊
Learn more

Credit estimate:

(725 - 759)

Apply Now Learn More

Instant approval: Yes

One of the best no fee cash back credit cards is the SimplyCash^® Preferred Card from American Express.

With this card, you’ll earn 2% cash back on every single purchase, plus 4% back on gas and groceries.

Plus, you’ll get 10 types of purchase and travel insurance.

SimplyCash^® Card from American Express

4.4 Genius Rating

4.0 (23) User reviews

×1 Award winner

Annual fee

See rates

Learn more

Welcome bonus

$71^◊
5% cash back

Annual rewards
$524^◊
GC Ends: Apr 15, 2026

GC: $50

I Want This Deal Learn More

Instant approval: Yes

Credit estimate:

SimplyCash^® Card from American Express

GC: $50

4.4 Genius Rating

4.0 (23) User reviews

1x Award winner

Annual fee

See rates

Learn more

Welcome bonus

$71^◊
5% cash back

Annual rewards
$524^◊
GC Ends:

Apr 15, 2026

Credit estimate:

(660 - 724)

I Want This Deal Learn More

Instant approval: Yes

For the person who likes their credit cards without an annual fee, there’s also the SimplyCash^® Card from American Express.

You’ll earn 1.25% cash back everywhere you shop and 2% on gas and groceries. Plus, it has 3 types of travel and purchase protection.

Your turn

It’s always fun when a new credit card gets announced.

What are your thoughts on this latest credit card?

Let us know in the comments below.

Comments

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Showing 16 comments

James

October 20, 2020

I applied and received a Walmart Rewards - World Mastercard thinking it will be like any other credit card, to my surprise, they have the worst customer service you can think of. If you are going on a trip with this card, beware! They randomly block my card and refused to unlock it until I mail (yes, postage mail) them a government-issued ID. They said it will take them 10 business days to unblock the card. I have had a block on another credit card, a simple call resolved the issue. My advice is don't apply for a Walmart credit card, if you do, make sure that you have an alternative credit card at all times and are ready for their bad service.

creditcardGenius Team

October 27, 2020

Hey James, Thanks for adding your experiences so others can be aware of some pitfalls to Walmart Mastercards.

Debbie Parsons

August 11, 2020

I have very much enjoyed my Walmart Rewards card for many years, and I was excited to see this new card introduced...until I saw the minimum income requirement. Sorry, but it seems quite backward to have such a stipulation. Most shoppers at Walmart are obviously of lower income households and in need of bargains (myself included - I'm on a fixed disability income), including Walmart Reward Points. So, why would there be a minimum income limit to own a "World" Walmart Credit card where people who already have a comfortable income get the higher Rewards Points? I think a better stipulation for qualifying for this card should be reliability in consistently paying our bill each month. ~ Disappointed.

creditcardGenius Team

August 14, 2020

This is unfortunate, but it is a requirement of any World Mastercard, and it's not just limited to this new credit card. Hopefully, Walmart will have something in place where existing cardholders will be able to more easily qualify.

George

July 31, 2020

I also received an offer to upgrade a few weeks back. I was quite excited just to be able to upgrade to a black card. It was done by email to me and me accepting the offer which I did. They even had an image of the card with my name written on it! Cards going out in September email said.

Sam

July 21, 2020

Yes it's true. I have been offered one and been pre approved for it. They will be issuing in September

Sam

July 21, 2020

the card is black and your name appears written vertically and the chip is on the top

creditcardGenius Team

July 28, 2020

Thanks for confirming the new Walmart Mastercard.

Brent

July 13, 2020

Has Walmart confirmed this or just speculation from RFD?

creditcardGenius Team

July 16, 2020

This hasn't been confirmed by Walmart, however several RFD users, along with one of our own readers, have posted they got an offer for the new Mastercard. We find RFDers to be quite knowledgeable, and rarely wrong when it comes to things like this.

Melissa

July 15, 2020

I just received a preapproval and upgrade to the world card from Walmart in the mail. The specifics are as stated above.

creditcardGenius Team

July 16, 2020

Thanks for confirming our article Melissa, much appreciated!

Amanda

July 16, 2020

I already have the other Walmart Mastercard I do like it but I think the new one is only targeted at people that want to purchase things off the Walmart. CA website to earn that 3%. I used to like their website but now it's not just Walmart you're ordering from and the website is completely frustrating and never accurate. If their website was better I probably would upgrade to the new card thought I can't see me doing it anytime soon.

K. S.

July 12, 2020

It's nice to see new offerings. I'm not sure how popular this card will be though. It has a high personal income requirement relative to it's main client base. Having worked at Walmart before, I believe it would be highly uncommon for someone to qualify. For those that do, the main selling point is it's Walmart.ca rewards rate. You can already get 1.25% on unlimited spending in store for No Fee with Amex SimplyCash (their base no fee card) which still gives a better return everywhere else at 1.25% flat across the board. /OR/ *IF YOU SHOP AT A WALMART SUPERCENTER THAT QUALIFIES* you can get an even BETTER in store rate of 3% on the first $500 with the BMO Cashback No Fee card. The BMO card also has a lower redemption requirement than even Walmart's normal existing Rewards card, and if a family has more spending to do at Walmart, both spouses could each get one to double up, so I'd say for many that's the best option. Both the BMO and Amex cards have extreme low or no income requirements which means a lot more people will qualify. So in my opinion, get this Walmart card just for Walmart.ca if you spend enough there, but in the meantime grab one of these other 2 for in store shopping. And you can get them now without waiting. :)

creditcardGenius Team

July 16, 2020

Thanks K.S.! You have provided some great alternatives to the Walmart Mastercards, that also provide better rewards everywhere else people shop.

Harry Boutilier

July 10, 2020

sounds good, I have the regular walmart mastercard now so I will for sure get this one since it is still no annual fee and a better rate for online purchases

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^◊ The creditcardGenius algorithm, based on our Rating Methodology, calculates an estimated dollar value for all rewards and bonuses by combining typical monthly spending with well-researched reward point value estimates. "Annual Rewards" is calculated by combining our default $2,000 in monthly spending ($24,000 annually) spread across 8 different spending categories (gas, groceries, travel, etc) with our point value estimates. "Welcome Bonus" is calculated by combining all one-time bonuses available to new cardholders within the first year with our point value estimates. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. "Annual Interest Savings" is based on a credit card balance of $8,000 and a standard credit card interest rate of 19.99%. Annual Rewards, Welcome Bonus, and Annual Interest Savings values will change if the person adjusts their monthly spending away from the $2,000 monthly default or changes their reward preferences.

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A New Walmart Mastercard Is Coming: The Walmart World Mastercard

Earn 2% cash back on every purchase with no income requirements:

New Walmart World Mastercard details

Alternative credit cards for shopping at Walmart

Your turn

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