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Side by Side Credit Cards Comparison
Walmart Rewards™ Mastercard®VSBMO CashBack® World Elite®* Mastercard®*
Which one is better?
Walmart Rewards™ Mastercard®
1.7
RECOMMENDED CREDIT SCORE*
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
BMO CashBack® World Elite®* Mastercard®*
4.1
RECOMMENDED CREDIT SCORE*
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Welcome Bonus
Start with a welcome bonus of $25 reward dollars1. Just spend $75 in a single purchase at Walmart with your new Walmart Rewards Mastercard in the first 30 days1.
Welcome Bonus
Get up to $650 in value and the annual fees waived in the first year. Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
$650 in value is made up of:
- Up to $480 Welcome Offer Cash Back: Receive $40 Bonus Cash Back when you spend a minimum of $2,000 on net card purchases per billing cycle in the first twelve (12) billing cycles after the account open date.*
- $139: Annual Fee Waiver: The primary cardholder annual fee of $139 will be rebated in the first year and will appear as a fee and a credit on the primary cardholder’s first statement.*
- $75 market value: Roadside Assistance: You will receive a complimentary membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and plan features are described here: bmo.com/roadsideassistancebasic.*
Our Cash Offer
N/A
Our Cash Offer
$125 Cash Rebate offer from FinlyWealth
Rewards Breakdown
Rewards breakdown is not available for this card.
Rewards Breakdown
Rewards breakdown is not available for this card.
How to Earn Rewards
- Earn 3% in reward dollars at any Walmart store in Canada or online at Walmart.ca2
- Earn 1% everywhere outside Walmart3
- Get 3 months free on Delivery pass annual subscription every year.4
How to Earn Rewards
- 5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)*
- 4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)*
- 3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)*
- 2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)*
- 1% cash back on all other eligible purchases*
Insurance Included
Purchase Protection
90 days
Insurance Included
Purchase Protection
90 days
Lost or Stolen Baggage
$500/person, $1,000 maximum*
Baggage Delay
$500/person, $1,000 maximum After 6 hours*.svg?dpl=dpl_4g15smXvajVEWYAn6F241huMJ1CZ)
Car Rental Damage & Theft
$65K MSRP up to 48 days*
Common Carrier Travel Accident Insurance
$500,000
Extended Warranty
1 year
Hotel Burglary Insurance
$1,000
Travel Medical Insurance (64 & under)
$5M up to 8 days per covered person*Flight Delay
$500 After 4 hours delay*
Extra Benefits
N/A
Extra Benefits
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.*
Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.*
Roadside Assistance
Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $75/year value.*
Discount
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Interest Rates
Purchase:
21.89%
Cash Advance:
22.97%
Balance Transfer:
22.97%
Interest Rates
Purchase:
21.99%
Cash Advance:
23.99%
Balance Transfer:
23.99%
Annual Fee
$0
Annual Fee
$139
$0$
$0 first year
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
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?
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros
- No annual fee
- Instalment payments available
- Sign-up bonus
- Solid Walmart rewards
Pros
- Impressive cashback rates
- Rare roadside assistance
- Comprehensive insurance and benefits
- High first-year value
Cons
- Lower reward rates overall
- Limited redemption options
- No benefits
- Limited insurance
Cons
- Lacks restaurant optimization
- Low monthly cashback caps
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Legal
1 A $25-dollar Welcome Bonus in Walmart Reward Dollars will be awarded to your Walmart Rewards account within five business days after an eligible single purchase reaching a total spend of $75 (including taxes) using your Walmart Rewards Mastercard is made at Walmart retail locations in Canada or online at Walmart.ca. To qualify for this offer you must (1) apply and be approved for a Walmart Rewards™ Mastercard® account in-store or online at walmartrewards.ca; and (2) make a single-receipt purchase of at least $75 (including taxes) at Walmart retail locations in Canada or online at Walmart.ca. Qualifying purchase must be made within 30 days of your application approval. Offer cannot be used with any other offer or promotion and is limited to one welcome bonus per new account. This offer is subject to the full Walmart Reward Dollars Program Terms and Conditions
2 Earn 3% in Walmart Reward Dollars on eligible purchases charged to your Walmart Rewards Mastercard at Walmart retail locations in Canada and online at Walmart.ca before taxes. Some exclusions apply. See Walmart Reward Dollars Program Terms and Conditions for details.
3 Earn 1% in Walmart Reward Dollars on all eligible purchases charged to your Walmart Rewards Mastercard outside of Walmart retail locations in Canada and online at Walmart.ca. Some exclusions apply. See Walmart Reward Dollars Program Terms and Conditions for details.
4 Use your Walmart Rewards Mastercard to pay for a regularly priced annual Walmart Delivery Pass when purchasing it online at Walmart.ca and receive a 3-month statement credit plus applicable taxes for Walmart Rewards Mastercard or 6-month statement credit plus applicable taxes for Walmart Rewards World Mastercard. Your statement credit will be posted to your Walmart Rewards Mastercard account within 45 business days after the qualifying annual Delivery Pass plan purchase is made. Only one statement credit per account, per year. The account must be in good standing at the time the statement credit is awarded. See Delivery Pass Terms for details and exclusions.
*Terms and conditions apply
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