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Wealthsimple Visa Infinite Card Review
The Bottom Line
The Wealthsimple Cash Back Visa Infinite offers a conditional no-fee, no-FX-fee spending solution that earns 2% cash back on all purchases without any limits! It also lets you automatically grow your rewards—as it deposits your cashback monthly in a high-interest chequing account. Its simplicity and flexibility make it ideal for many Canadians.
APPLY NOW
on Wealthsimple's website
Welcome Bonus
$25 Exclusive bonus through FinlyWealth*
Rewards Rate
2%
Cash Back
Annual Fee
$240
$20 Paid Monthly
⁕ Note for cardholders who signed up before September 8, 2025: Effective October 8, 2025, the Annual Fee will increase from $120 to $240, charged monthly at $20. For Quebec residents, the Annual Fee is charged annually. The Card Fee is automatically waived for any client with a Premium or Generation status and the Fee will continue to be waived so long as that status is maintained. The Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their chequing account within the preceding 30-days (“Qualifying Deposit”)
Interest Rates
20.99%* / 22.99%*
Rewards
- 2% cash back on all eligible purchases, no limits.
Insurance
Coverage
Mobile Device Insurance
Max $1,000 up to 2 years from date of purchase
Purchase Protection
90 days
Extended Warranty
1 year
Emergency Out of province Medical
14 days, up to $1M (if under age 65)*
Trip Cancellation
$1,000, up to $3,000 per Covered Trip*
Trip Interruption
$1,000, up to $3,000 per Covered Trip*
Baggage Delay
$500 ($1,000 combined with Lost or Stolen Baggage coverage)*
Lost or Stolen Baggage
$750 ($1,000 combined with Baggage Delay coverage)*
Benefits
Details
No Foreign Transaction Fees
Avoid FX fees when you travel abroad
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
**Terms and conditions apply. The $25 bonus is only available to eligible new Wealthsimple clients who successfully open a chequing account and fund a minimum of $1. Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple's page for more details. Check here for full details and current product information.
Card Details
Interest Rates
Purchase APR
20.99%*
Cash Advance APR
22.99%*
* Your annual interest rates will increase to 25.99% on purchases and 27.99% on cash advances and cash-like transactions if we do not receive your minimum payment by the payment due date for 2 consecutive months. The increased annual interest rates will apply in the third statement period following the second missed payment that caused the rates to increase. The increased rates will continue to apply until we receive your minimum payments by the payment due date.
Fees
Annual Fee
$240 ($20 Monthly)⁕
Additional Cards
$0
⁕ Note for cardholders who signed up before September 8, 2025: Effective October 8, 2025, the Annual Fee will increase from $120 to $240, charged monthly at $20. For Quebec residents, the Annual Fee is charged annually. The Card Fee is automatically waived for any client with a Premium or Generation status and the Fee will continue to be waived so long as that status is maintained. The Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their chequing account within the preceding 30-days (“Qualifying Deposit”)
Eligibility
Minimum Individual Income
$60,000
Minimum Household Income
$100,000
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash Back
Pros & Cons
Pros
- Earn 2% cash back on every purchase
- No annual fee if you're a premium client ($100k+ in assets on Wealthsimple) or have your paycheque direct deposited with a minimum amount of $4k per month
- No FX Fees on purchases outside of Canada
Cons
- High annual fee of $240 for those who cannot qualify for the fee waiver (4k direct deposit or $100K+ in assets on Wealthsimple)
- Limited travel insurance
- Requires a $60k personal income or $100k household income to qualify
- Lacks premium travel perks (e.g., lounge access, hotel/status benefits)
Get personalized rewards estimates — see exactly how much you could earn.
Wealthsimple Visa Infinite Card Cash Back Calculator
APPLY NOW
on Wealthsimple's website