Walmart Rewards™ Mastercard® vs RBC ION+ Visa: Which one is better?

Walmart Rewards™ Mastercard®
1.7

RBC ION+ Visa
3.6
Welcome Bonus
$45 on Approval
Welcome Bonus*
Get up to $125 in groceries1. Apply by September 9, 2025.
Rewards Breakdown
Annual Rewards
$242.9
First Year Bonus Value
+
$45
Annual Fee
-
$0
First Year Value
$287.9
$242.9 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$425.98
RBC ION Avion
First Year Bonus Value
+
$140
RBC ION Avion
Annual Fee
-
$48
First Year Value
$517.98
$377.98 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
- 1.25% cashback on Walmart store and Walmart.ca purchases
- 1% cashback on all credit card purchases.
How to Earn Rewards*
- Earn 3X Avion points for every $1 spent on groceries, dining, gas, food delivery, rideshare, streaming services and more2
- Earn 1X Avion point for every $1 spent on all other qualifying purchases2
Insurance Included
Purchase Protection
90 days
Insurance Included*
Purchase Protection
90 daysMobile Device Insurance
$1,000Extended Warranty
Up to a year
Extra Benefits
N/A
Extra Benefits*
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-CanadaExtra points
50 Be Well points for every $1 spent on eligible products at Rexall
Interest Rates
Purchase:
20.89% - 26.99%
Cash Advance:
22.97% - 27.99%
Interest Rates*
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Annual Fee
$0
Annual Fee*
$48
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required*
Min Personal Income:
N/A
Min Household Income:
N/A
Loyalty Program
N/A
Loyalty Program*
Point Redemption Options
Not Applicable
Point Redemption Options*
Most Optimal
Transfer to WestJet
1¢ / pointFinancial Products
0.83¢ / pointGift Cards
0.72¢ / pointMerchandise
0.7¢ / pointTravel
0.6¢ / pointStatement Credits (Cash)
0.58¢ / point
Is this card worth it?
The Walmart Rewards Mastercard is ideal for frequent Walmart shoppers who want to spread out payments on larger purchases without paying much interest. It offers 1.25 Walmart Reward Dollars for every dollar spent at Walmart stores and the ability to pay in installments. Additionally, you can earn up to $45 in Walmart Reward Dollars when you sign up. However, the rewards can only be redeemed at Walmart, and the card lacks additional benefits or insurance coverage beyond purchase assurance and extended warranty.
Is this card worth it?
This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.
Pros
- Installment Payments: Allows you to pay for Walmart purchases in installments over six months.
- Walmart Rewards: Earn 1.25 Walmart Reward Dollars for every dollar spent at Walmart stores.
- Sign-Up Bonus: Get up to $45 in Walmart Reward Dollars when you sign up.
Pros
- Save on fuel at Petro-Canada locations, with 3 cents per litre off
- Great welcome bonus offer
- 3x points per $1 spent on high spend categories
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.
Cons
- The ION Avion membership isn't quite as flexible as regular Avion
- Insurance coverage is very limited
Legal