Tangerine Money-Back Credit Card vs Walmart Rewards™ World Mastercard®

Key features at a glance

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Issuer	Tangerine	Walmart
Network
Program	Cash Back	Cash Back
Point default value	1¢/point (cash back)	1¢/point (cash back)
Annual fee	$0	$0
Foreign transaction fee	2.5%	2.5%
Min. annual income	$12,000+	$50,000+
All purchases	0.5x	1xBetter on this row
Groceries	2xBetter on this row	1x
Gas	2xBetter on this row	1.25x
Purchase interest rate	20.95%Better on this row	21.89%

The short answer

Tangerine Money-Back Credit CardWalmart Rewards™ World Mastercard®

• Year oneTangerine Money-Back Credit Card wins 6 of 6 profiles, Walmart Rewards™ World Mastercard® wins 0, and 0 are too close to call.Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.
• Every year afterTangerine Money-Back Credit Card wins 0 of 6 profiles, Walmart Rewards™ World Mastercard® wins 1, and 5 are too close to call.The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

• Walmart Rewards™ World Mastercard® asks for a household income of $80,000 — $68,000 more than Tangerine Money-Back Credit Card at $12,000.
• Walmart Rewards™ World Mastercard® asks for a personal income of $50,000 — $38,000 more than Tangerine Money-Back Credit Card at $12,000.
• Groceries: Tangerine Money-Back Credit Card earns 2%, against 1% on Walmart Rewards™ World Mastercard®.

Open both in the full comparison tool

Where each card wins

Welcome offer

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Welcome bonusNot comparable in the same units	Up to $100	Up to $25
Our valuationDepends on how you spend	$100	$25

Income required

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Min. annual income	$12,000+	$50,000+
Min. household income	$12,000+	$80,000+

Earning rewards

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Groceries	2xBetter on this row	1x
Restaurants	0.5x	1xBetter on this row
Gas	2xBetter on this row	1.25x
Local transit	0.5x	1xBetter on this row
Travel	0.5x	1xBetter on this row
Pharmacies	0.5x	1xBetter on this row
Convenience stores	0.5x	1xBetter on this row
Streaming	0.5x	1xBetter on this row
Telecom	0.5x	1xBetter on this row
Entertainment	0.5x	1xBetter on this row
Recurring payments	0.5x	1xBetter on this row
Online purchases	0.5x	1xBetter on this row
Office supplies	0.5x	1xBetter on this row
All purchases	0.5x	1xBetter on this row

Benefits

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Airport lounge access	✗	—
Priority boarding	✗	—
Wi-Fi access	✗	—

Annual fee and rates

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Annual fee	$0	$0
Additional card	$0	$0
Foreign transaction fee	2.5%	2.5%
Purchase interest rate	20.95%Better on this row	21.89%
Purchase rate (Quebec)	20.95%	21.89%
Cash advance rate	22.95%	22.97%

Insurance

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Purchase protection	✓	✓
Extended warranty	✓	✓

Card details

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Network
Issuer	Tangerine	Walmart

Which one wins, by spending profile

Grocery-heavy household

A family basket weighted towards groceries and everyday spending.

Assumes $54,000 of card spending a year

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$540	$550.50
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	$640	$575.50

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Too close to call

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$540	$550.50
Annual fee	$0	$0
Net value	$540	$550.50

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$13,800	2%	$276	1%base rate	$138
Gas & EV	$4,200	2%	$84	1.25%	$52.50
Transit	$2,700	0.5%base rate	$13.50	1%base rate	$27
Restaurants	$4,800	0.5%base rate	$24	1%base rate	$48
Pharmacy	$900	0.5%base rate	$4.50	1%base rate	$9
Travel	$1,500	0.5%base rate	$7.50	1%base rate	$15
Bills & recurring payments	$5,100	0.5%base rate	$25.50	1%base rate	$51
Telecom	$4,800	0.5%base rate	$24	1%base rate	$48
Entertainment & streaming	$4,200	0.5%base rate	$21	1%base rate	$42
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$12,000	0.5%base rate	$60	1%base rate	$120

Light spender

A modest basket where an annual fee weighs heavily.

Assumes $21,000 of card spending a year

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$204	$214.50
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	$304	$239.50

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Too close to call

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$204	$214.50
Annual fee	$0	$0
Net value	$204	$214.50

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$4,800	2%	$96	1%base rate	$48
Gas & EV	$1,800	2%	$36	1.25%	$22.50
Transit	$900	0.5%base rate	$4.50	1%base rate	$9
Restaurants	$2,100	0.5%base rate	$10.50	1%base rate	$21
Pharmacy	$600	0.5%base rate	$3	1%base rate	$6
Travel	$600	0.5%base rate	$3	1%base rate	$6
Bills & recurring payments	$2,100	0.5%base rate	$10.50	1%base rate	$21
Telecom	$2,400	0.5%base rate	$12	1%base rate	$24
Entertainment & streaming	$1,500	0.5%base rate	$7.50	1%base rate	$15
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$4,200	0.5%base rate	$21	1%base rate	$42

Everyday couple

A balanced two-person basket across groceries, dining and bills.

Assumes $36,000 of card spending a year

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$351	$366
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	$451	$391

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Too close to call

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$351	$366
Annual fee	$0	$0
Net value	$351	$366

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$9,000	2%	$180	1%base rate	$90
Gas & EV	$2,400	2%	$48	1.25%	$30
Transit	$1,800	0.5%base rate	$9	1%base rate	$18
Restaurants	$3,600	0.5%base rate	$18	1%base rate	$36
Pharmacy	$600	0.5%base rate	$3	1%base rate	$6
Travel	$1,200	0.5%base rate	$6	1%base rate	$12
Bills & recurring payments	$3,000	0.5%base rate	$15	1%base rate	$30
Telecom	$3,600	0.5%base rate	$18	1%base rate	$36
Entertainment & streaming	$3,600	0.5%base rate	$18	1%base rate	$36
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$7,200	0.5%base rate	$36	1%base rate	$72

Retiree

A basket tilted towards groceries, pharmacy and travel.

Assumes $27,000 of card spending a year

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$274.50	$275.25
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	$374.50	$300.25

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Too close to call

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$274.50	$275.25
Annual fee	$0	$0
Net value	$274.50	$275.25

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$7,200	2%	$144	1%base rate	$72
Gas & EV	$2,100	2%	$42	1.25%	$26.25
Transit	$1,200	0.5%base rate	$6	1%base rate	$12
Restaurants	$2,400	0.5%base rate	$12	1%base rate	$24
Pharmacy	$600	0.5%base rate	$3	1%base rate	$6
Travel	$900	0.5%base rate	$4.50	1%base rate	$9
Bills & recurring payments	$2,700	0.5%base rate	$13.50	1%base rate	$27
Telecom	$2,700	0.5%base rate	$13.50	1%base rate	$27
Entertainment & streaming	$2,100	0.5%base rate	$10.50	1%base rate	$21
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$5,100	0.5%base rate	$25.50	1%base rate	$51

International traveller

A couple's basket with a quarter of the spending charged in another currency.

Assumes $36,000 of card spending a year, of which 25% is charged in a foreign currency (a scenario assumption, not measured data)

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$351	$366
Foreign transaction fees	−$225	−$225
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	$226	$166

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Too close to call

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$351	$366
Foreign transaction fees	−$225	−$225
Annual fee	$0	$0
Net value	$126	$141

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$9,000	2%	$180	1%base rate	$90
Gas & EV	$2,400	2%	$48	1.25%	$30
Transit	$1,800	0.5%base rate	$9	1%base rate	$18
Restaurants	$3,600	0.5%base rate	$18	1%base rate	$36
Pharmacy	$600	0.5%base rate	$3	1%base rate	$6
Travel	$1,200	0.5%base rate	$6	1%base rate	$12
Bills & recurring payments	$3,000	0.5%base rate	$15	1%base rate	$30
Telecom	$3,600	0.5%base rate	$18	1%base rate	$36
Entertainment & streaming	$3,600	0.5%base rate	$18	1%base rate	$36
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$7,200	0.5%base rate	$36	1%base rate	$72

Frequent foreign spender

A deliberately aggressive scenario: half of all spending charged in another currency.

Assumes $31,800 of card spending a year, of which 50% is charged in a foreign currency (a scenario assumption, not measured data)

Year one

Includes the welcome bonus this profile's spending actually unlocks, and any first-year fee waiver.

Tangerine Money-Back Credit Card comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$280.50	$323.25
Foreign transaction fees	−$397.50	−$397.50
Annual fee	$0	$0
Welcome bonus	$100	$25
Net value	−$17	−$49.25

Every year after

The ongoing picture: full annual fee, no welcome bonus, plus any recurring credits.

Walmart Rewards™ World Mastercard® comes out ahead

Feature	Tangerine Money-Back Credit Card	Walmart Rewards™ World Mastercard®
Rewards earned	$280.50	$323.25
Foreign transaction fees	−$397.50	−$397.50
Annual fee	$0	$0
Net value	−$117	−$74.25

Show the per-category math

Per-category earnings

Category	Spending	Tangerine Money-Back Credit Card		Walmart Rewards™ World Mastercard®
		Rate	Value	Rate	Value
Groceries	$6,000	2%	$120	1%base rate	$60
Gas & EV	$2,100	2%	$42	1.25%	$26.25
Transit	$1,800	0.5%base rate	$9	1%base rate	$18
Restaurants	$4,200	0.5%base rate	$21	1%base rate	$42
Pharmacy	$600	0.5%base rate	$3	1%base rate	$6
Travel	$900	0.5%base rate	$4.50	1%base rate	$9
Bills & recurring payments	$3,000	0.5%base rate	$15	1%base rate	$30
Telecom	$3,600	0.5%base rate	$18	1%base rate	$36
Entertainment & streaming	$2,100	0.5%base rate	$10.50	1%base rate	$21
Office supplies	$0	0.5%base rate	$0	1%base rate	$0
Online advertising	$0	0.5%base rate	$0	1%base rate	$0
Other	$7,500	0.5%base rate	$37.50	1%base rate	$75

Frequently asked questions

How we compare

• Every figure on this page is read from the card data we maintain — annual fees, foreign transaction fees, earn rates, spending caps, welcome offers, insurance and lounge access.
• Points are valued at our published valuation for each card's loyalty program. Cash back is counted at face value.
• The spending profiles are standard baskets, not your spending. The share charged in a foreign currency is a stated scenario assumption.
• Year one and the years after are kept separate: the welcome bonus and any first-year fee waiver only count in year one.
• We may earn a commission when you apply through the links on this page. It never changes the figures above — they come from the same data for every card.

Ready to apply?

Applications are submitted on the issuer's own site. Nothing you read above changes if you apply from here.

Tangerine Money-Back Credit Card

Annual fee

$0

Base Rewards Rate

0.5%

Cash Back

Welcome bonus

$100

(Up to)

Apply NowFull review

Applications are submitted to Tangerine

Walmart Rewards™ World Mastercard®

Annual fee

$0

Base Rewards Rate

1%

Cash Back

Welcome bonus

$25

(Up to)

Apply NowFull review

Applications are submitted to Walmart