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


walmart rewards mc

Walmart Rewards™ Mastercard®

1.7


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

RBC ION+ Visa

RBC ION+ Visa

3.6


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

    Purchase Protection

    90 days

Insurance Included*

  • purchase protection

    Purchase Protection

    90 days

  • mobile device insurance

    Mobile Device Insurance

    $1,000
  • extended warranty

    Extended Warranty

    Up to a year

Extra Benefits

N/A

Extra Benefits*

  • gas station

    Gas Discount

    save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
  • reward cup

    Extra 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

    westjet

    Transfer to WestJet

    1¢ / point
  • finance money dollar

    Financial Products

    0.83¢ / point
  • gift card

    Gift Cards

    0.72¢ / point
  • online shop

    Merchandise

    0.7¢ / point
  • travel - plane

    Travel

    0.6¢ / point
  • cash coins

    Statement 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


*Refer to RBC page for up to date offer terms and conditions. The Website may engage in affiliate marketing, which is done by embedding tracking links into The Website. If you click on a link for an affiliate partnership, a cookie will be placed on your browser to track any sales for purposes of commissions. Check here for full details and current product information.

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