RBC ION Visa vs Walmart Rewards™ World Mastercard®: Which one is better?
RBC ION Visa
3.4
Walmart Rewards™ World Mastercard®
2
Welcome Bonus*
Get up to $75 in groceries(1). Apply by September 9, 2025. Get 7,000 Avion points upon approval – that’s up to $50 of value in gift cards(1). Get 3,125 Moi points upon linking to your Moi Rewards card – a value of $25(1)
Welcome Bonus
$45 on Approval
Our Cash Offer
$50 Cash Rebate offer from FinlyWealth
Our Cash Offer
N/A
Rewards Breakdown
Annual Rewards
$258.39
RBC Avion Premium
First Year Bonus Value
+
$70
RBC Avion Premium
Annual Fee
-
$0
Finly Rebate
+
$50Exclusive Offer
First Year Value
$378.39
$258.39 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$250.13
First Year Bonus Value
+
$45
Annual Fee
-
$0
First Year Value
$295.13
$250.13 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards*
- Earn 1.5X Avion points for every $1 spent on groceries, gas, rideshare, streaming services and more2
- Earn 1X Avion point for every $1 spent on all other qualifying purchases2
How to Earn Rewards
- 3% cashback on Walmart.ca purchases
- 1.25% cashback on Walmart store and gas purchases
- 1% cashback on all credit card purchases.
Insurance Included*
Purchase Protection
90 days
Extended Warranty
Up to a year
Insurance Included
Purchase Protection
90 days
Extra Benefits*
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Gas Discount
Save 3¢/L instantly at the pump and get 20% more Petro-Points and 20% more Avion points
Extra points
Earn 1 extra Moi point for every $2 spent at participating Moi Rewards stores (minimum purchase required)Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Extra Benefits
N/A
Interest Rates*
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Interest Rates
Purchase:
20.89% - 26.99%
Cash Advance:
22.97% - 27.99%
Annual Fee*
$0
Annual Fee
$0
Income Required*
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
N/A
Min Household Income:
$100,000
Loyalty Program*
Loyalty Program
N/A
Point Redemption Options*
Most Optimal
Transfer to WestJet
1¢ / point
Financial Products
0.83¢ / point
Gift Cards
0.72¢ / point
Merchandise
0.7¢ / point
Travel
0.58¢ / point
Statement Credits (Cash)
0.58¢ / point
Point Redemption Options
Not Applicable
Is this card worth it?
This is a decent no annual fee card, great for starting out and low-intermediate rewards. It offers great gas savings, especially for petro Canada gas customers, though insurance coverage is quite limited.
Is this card worth it?
The Walmart Rewards World Elite Mastercard is ideal for frequent Walmart shoppers who want to spread out payments on larger purchases without paying much interest. It's especially beneficial for those who frequently shop at Walmart's online store. However, it offers a rather average reward rate for other types of purchases, making many other cards a better choice for non-Walmart spending categories.
Pros
- Good savings on gas if you are a regular petro-Canada gas customer.
- No annual fee.
- Up to 1.5 points per $1 spent on purchases
Pros
- Installment Payments: Allows you to pay for Walmart purchases in installments over six months.
Cons
- Insurance coverage is the most basic.
- Reward categories are not the best.
- Avion reward points are generally less valuable.
Cons
- Limited Redemption: Rewards can only be redeemed at Walmart and Walmart.ca.
- Lower Rewards: Offers lower rewards compared to other store and cashback credit cards.
- Minimal Benefits: No additional benefits or insurance coverage aside from purchase assurance and extended warranty.
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