Wealthsimple Visa Infinite Privilege Card Review: A Possible Premium No-Fee Contender

Item: Wealthsimple Visa Infinite Privilege*
Rating: 4.4
Author: Sara Skodak

The Wealthsimple Visa Infinite Privilege Card could be one of the most impressive no-fee credit cards in Canada, complete with airport lounge access. The catch? You'll need to be a premium client or make eligible direct deposits.

Mar 19, 2026 9:22 PM

Written By

Sara Skodak

Lead Writer

Edited By

Kevin Shahnazari

Credit Card Expert

Reviewed By

Abid Salahi

Credit Card Expert

The Bottom Line

If you're a premium Wealthsimple client or direct deposit $4,000 into your chequing account each month, applying for the Wealthsimple Visa Infinite Privilege Card is a no-brainer. If you don't plan on being a premium client or making eligible direct deposits, you'll still receive some access to Visa Infinite Privilege perks for a lower annual cost, but other Visa Infinite Privilege cards often provide more benefits and coverage, potentially offsetting their higher annual fees.

Skip to: Detailed Review

Wealthsimple Visa Infinite Privilege*

4.4

Finly Rating

APPLY NOW

on Wealthsimple's website

Welcome Bonus

$25 Exclusive bonus for new Wealthsimple clients*

Rewards Rate

Cash Back

Annual Fee

See Rates

Interest Rates

20.99%* / 22.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Get your free credit score

Card Details

Rewards

2% cash back on all eligible purchases, no limits.

Insurance

Coverage

Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Travel Medical Insurance (64 & under)^*
14 days up to $2M (under age 65)
Trip Cancellation^*
$1,500/person ($5,000 per trip)
Trip Interruption^*
$1,500/person ($5,000 per trip)
Baggage Delay^*
$1,000 ($1,250 combined with Lost or Stolen Baggage coverage)*
Lost or Stolen Baggage^*
$1,000 ($1,250 combined with Baggage Delay coverage)
Car Rental Damage & Theft^*
31 days, $65K car MSRP

Benefits

Details

No Foreign Transaction Fees^*
Avoid FX fees when you travel abroad
Visa Infinite Exclusive Benefits^*
Airport Lounge - Dragon Pass^*
6 complimentary visits

Eligibility

Credit Score
Good
Annual Income
$150,000 personal or $200,000 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.

Welcome Bonus Details

New Wealthsimple clients can earn a $25 bonus after signing up and funding a chequing account with a minimum of $1. This chequing account will be required for paying off your credit balance as well.

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

⁕ 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

$150,000

Minimum Household Income

$200,000

Credit Score Estimate

Good

Type

Card Type

Credit

Reward Type

Cash Back

Pros & Cons

Pros

Decent cashback
No premium client annual fee
No foreign transaction fees
Solid insurance
Airport lounge access

Cons

High annual fee
High income requirements

Our Detailed Review

How You Earn Rewards with the Wealthsimple Visa Infinite Privilege Card

Cardholders collect cashback on all eligible purchases made using their Wealthsimple Visa Infinite Privilege Card, offering flexible flat-rate optimization. In fact, this contender is listed as one of our best flat-rate credit cards in Canada.

How You Redeem Rewards with the Wealthsimple Visa Infinite Privilege Card

Once you pocket your cashback using the Wealthsimple Visa Infinite Privilege Card, you can redeem your earnings via the Wealthsimple app as soon as your Qualified Spend transaction is settled. There are no minimum redemption requirements and you have up to 10 years after your Qualified Spend transaction is settled to redeem your rewards. You can only deposit your cashback into Wealthsimple chequing, TFSA, RRSP, or non-registered accounts.

Benefits and Perks

6 Benefits of the Wealthsimple Visa Infinite Privilege Card

There are multiple perks that make make the Wealthsimple Visa Infinite Privilege Card one of the best Wealthsimple credit cards in Canada, among other top-card categories.

✅ No Fee for Premium Clients + Eligible Direct Deposits

This impressive cashback contender becomes fee-free when you have $100,000+ with Wealthsimple. Cardholders who direct deposit $4,000 into their chequing accounts each month can also get in on this rebate.

✅ The Welcome Offer

New to Wealthsimple? Then you're in luck! New clients can receive a monetary bonus simply for signing up and loading up a chequing account.

✅ Simple Rewards System

If you're looking for a straightforward, flat-rate of cashback that can be redeemed at any time towards eligible Wealthsimple accounts, then this card has you covered. No limits, no complex earning categories, just a simple cash-in and cash-out process.

✅ No Foreign Transaction Fees

Are you constantly shopping abroad or internationally online? If so, you can use your Wealthsimple Visa Infinite Card to waive the typical 2.5% foreign transaction fee on non-CAD purchases.

✅ Airport Lounge Access

In many ways, the the Wealthsimple Visa Infinite Privilege Card is identical to the Wealthsimple Visa Infinite Card, but there's one premium perk that sets it apart.

The Wealthsimple Visa Infinite Privilege Card includes a handful of complimentary Dragon Pass airport lounge visits per year via the Visa Airport Companion Program. This membership provides access to over 1,200 lounges across the globe.

Dragon Pass lounges include services like:

Refreshments
Entertainment
Complimentary Wi-Fi
Showers
Flight Status Updates

Cardholders must enroll in the Visa Airport Companion Program beforehand to activate access.

✅ Strong Insurance Coverage

The insurance coverage on this card becomes especially valuable for premium clients and those with eligible monthly direct deposits, waiving monthly fees. Members can expect protections like trip interruption, trip cancellation, and travel medical insurance.

Drawbacks and Considerations

2 Downsides to the Wealthsimple Visa Infinite Privilege Card

There are a couple notable drawbacks to the Wealthsimple Visa Infinite Privilege Card.

❌ High Annual Fee for Non-Premium Clients + No Monthly Direct Deposit

If you're not a premium client with $100,000+ to transfer or don't have $4,000 to direct deposit every month, then the monthly fee is quite steep. In fact, when you end up paying the monthly fee, the reward rate, coverage, and perks can seem less cost-effective.

❌ High Annual Income Requirements

The Wealthsimple Visa Infinite Privilege Card also comes with high annual income requirements, making it trickier to qualify for.

Compare to Similar Cards

Comparison to Other Visa Infinite Privilege Cards in Canada

There are quite a few valuable Visa Infinite Privilege credit cards on the Canadian market. To help you determine whether the Wealthsimple Visa Infinite Card is the best contender for you, we've compared it against other leading cards from the same tier.

Here are the comparisons we'll be making at-a-glance:

	Wealthsimple Visa Infinite Privilege*	Scotiabank Passport® Visa Infinite* Privilege Card	RBC Avion Visa Infinite Privilege	TD® Aeroplan® Visa Infinite Privilege* Credit Card
Welcome Bonus	$25 Exclusive bonus for new Wealthsimple clients*	Earn up to 100,000 bonus Scene+ points	Up to 70,000 Avion points*	Up to $3,000 in value† including up to 85,000 Aeroplan points† could be yours. Conditions Apply.
Earn Rates	2% cash back on all eligible purchases, no limits.	Earn 3X the Scene+ points for every $1 you spend on eligible travel purchases. Plus, earn an extra 3X the points on hotel bookings, car rentals, and things to do when you book through Scene+ Travel, Powered by Expedia. That's a total of 6X the points! Earn 2X the Scene+ points for every $1 you spend on eligible dining and entertainment. Plus, earn 1X the Scene+ points for every $1 you spend on all other eligible purchases.	1.25x Avion points per $1 spent on all eligible purchases	Earn 2 points^†for every $1 spent on eligible purchases made direct through Air Canada^® purchases (including Air Canada Vacations^®) Earn 1.5 points† for every $1 you charge to your Card on eligible gas, electric vehicle charging, groceries, travel & transit and dining purchases. Earn 1.25 points^†for every $1 spent on all other purchases made with your Card Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 200+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore). Earn more at Starbucks: Link your eligible Card to earn 50% more Aeroplan points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.
Insurance Included	9 types Mobile Device Insurance $1,000 Purchase Protection 90 days Extended Warranty 1 year Travel Medical Insurance (64 & under)^* 14 days up to $2M (under age 65) Trip Cancellation^* $1,500/person ($5,000 per trip) Trip Interruption^* $1,500/person ($5,000 per trip) Baggage Delay^* $1,000 ($1,250 combined with Lost or Stolen Baggage coverage)* Lost or Stolen Baggage^* $1,000 ($1,250 combined with Baggage Delay coverage) Car Rental Damage & Theft^* 31 days, $65K car MSRP	13 types Mobile Device Insurance $1,000 Travel Medical Insurance (64 & under) $5M/insured up to 31 days Travel Medical Insurance (65 to 75) $5M/insured up to 10 days Trip Cancellation $2,500/person, $10,000/trip Trip Interruption $5,000/person, $25,000/trip Flight Delay $1,000/person Lost or Stolen Baggage $2,500/person (max $5,000 per trip) Baggage Delay $1,000/person Hotel Burglary Insurance $2,500 Common Carrier Travel Accident Insurance $500,000/insured Car Rental Damage & Theft Covers vehicles MSRP ≤ $85k, rentals ≤ 48 days Purchase Protection 180 days Extended Warranty 2 years	13 types Purchase Protection 120 days Extended Warranty Up to 2 years Mobile Device Insurance $1,500 Common Carrier Travel Accident Insurance $500,000 Travel Medical Insurance (64 & under) 31 days Travel Medical Insurance (65 to 75) 7 days Trip Interruption $5,000 Trip Cancellation $2,500 Hotel Burglary Insurance $3,000 Baggage Delay $750 Lost or Stolen Baggage $2,500 Flight Delay $1,000 Car Rental Damage & Theft yes	13 types Travel Medical Insurance (64 & under)^† 31 days Travel Medical Insurance (65 to 75)^† 4 days Trip Cancellation^† $2,500/person, $5,000/trip Trip Interruption^† $5,000/person, $25,000/trip Flight Delay^† $1,000/person after 4 hours Baggage Delay^† $1,000/person after 4 hours Lost or Stolen Baggage^† $2,500/person Common Carrier Travel Accident Insurance^† $500,000 Car Rental Damage & Theft^† 48 days Hotel Burglary Insurance^† $2,500 Purchase Protection^† 120 days Extended Warranty^† 2 years Mobile Device Insurance^† $1,500
Benefits	3 benefits No Foreign Transaction Fees^* Avoid FX fees when you travel abroad Visa Infinite Exclusive Benefits^* Airport Lounge - Dragon Pass^* 6 complimentary visits	7 benefits No Foreign Transaction Fees Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada Travel Credit $250 annual Scene+ Travel credit – automatic statement credit on your first Expedia‑powered booking each membership year. Airport Lounge - Dragon Pass 10 Free complimentary visits Status lift Avis President’s Club membership – two class upgrades, priority service. Concierge Services 24/7 Visa Infinite Privilege concierge (English & French) Visa Infinite Exclusive Benefits Priority Travel Dedicated security and taxi lanes, valet and parking discounts at select Canadian airports.	7 benefits Airport Lounge - Dragon Pass Visa Airport Companion membership + 6 complimentary airport lounge visits per year Gas Discount save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada and 20% more Avion points at Petro-Canada Extra points 50 Be Well points for every $1 spent on eligible products at Rexall Concierge Services Connect to the Visa Infinite Privilege Concierge like having a personal assistant on call! Priority Travel Enjoy global airport lounge access, airport security fast track lanes, and dedicated airport parking at select Canadian airports Visa Infinite Exclusive Benefits Dining series and Visa Infinite Luxury Hotel Collection offers with benefits like late check out and upgrades Discount Add your credit card to your DoorDash account and get a free 12-month DashPass subscription	20 benefits Free first checked bag^† First checked bag is free for primary cardholder on AirCanada flight and up to 8 guests Nexus Program Rebate^† up to $100 every 4 years Visa Infinite Exclusive Benefits^† Concierge Services^† Golf Benefit^† Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S Extra points^† Link your eligible Card to earn 50% more Aeroplan points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.   Extra points^† Earn points twice at over 150 Aeroplan partner brands and over 200 online retailers through the Aeroplan eStore Status lift^† Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases Car Rental Discount^† 10% off base rate of Avis Rent A Car and Budget Rent A Car Trip and legal Assistance^† Extra points^† Earn 2 Aeroplan points for every $1 you spend on eligible purchases with Rocky Mountaineer, Plus, cardholders could receive a GoldLeaf Upgrade, and a hotel room upgrade Status lift^† Complimentary upgrade to Avis® President's Club Status lift^† Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year. Status lift^† Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance. Status lift^† Diamond Status with Visa RSVP Rewards™ Benefit. Benefits at 60+ participating Sandman, Sandman Signature and Sutton Place Hotels from coast-to-coast in Canada and beyond. Priority Travel^† At Toronto, Vancouver, Ottawa and Montreal airports get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking. Priority Travel^† Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada) Airport Lounge - Dragon Pass^† 6 Free complimentary visits Airport Lounge - Maple Leaf and AirCanada Cafes^† Unlimited Access for you and one guest Companion Voucher^† Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card
Annual Fee	$240	$599	$399	$599
Income Requirements	$150,000 personal or $200,000 household	$150,000 personal or $200,000 household	$200,000 personal or $200,000 household	$150,000 personal or $200,000 household
Apply Now	APPLY NOW	APPLY NOW	APPLY NOW	APPLY NOW

Wealthsimple Visa Infinite Privilege Card vs Scotiabank Passport Visa Infinite Privilege Card

Let's start with the Scotiabank Passport Visa Infinite Privilege Card, one of the best perks credit cards in Canada. This contender offers a categorized points program, earning cardholders plenty of Scene+ points per dollar spent on travel, dining, and entertainment. The coverage is also more comprehensive and extensive, offering additional protections like hotel burglary insurance and travel medical insurance for seniors. While both cards boast no foreign transactions fees, the Scotiabank Passport Visa Infinite Privilege Card features more Dragon Pass airport lounge access, an annual travel credit, priority travel perks, and more. The downside? Cardholders are stuck paying a heftier annual fee, with no way to waive it.

Verdict: The Scotiabank Passport Visa Infinite Privilege Card offers better perks, coverage, and flexible high-value points for travellers. That said, the Wealthsimple Visa Infinite Privilege Card is more affordable, especially for premium clients or those who make eligible direct deposits, and still offers valuable coverage and some exclusive travel perks.

Wealthsimple Visa Infinite Privilege Card vs RBC Avion Visa Infinite Privilege Card

Next up, the RBC Avion Visa Infinite Privilege Card, one of the best travel credit cards in Canada. Like the Wealthsimple Visa Infinite Privilege Card, the RBC Avion Visa Infinite Privilege Card also offers flat rate rewards, providing Avion points per dollar spent on all eligible purchases. The coverage on this card is also more comprehensive and extensive, with additional inclusions like hotel burglary insurance and senior travel medical insurance. While both cards offer Dragon Pass airport lounge access, the RBC Avion Visa Infinite Privilege Card goes on to add gas discounts, priority travel perks, concierge services, and more. Note, however, that this RBC alternative comes with a higher annual fee and income requirements.

Verdict: The RBC Avion Visa Infinite Privilege Card is better for extensive coverage and perks, but the Wealthsimple Visa Infinite Privilege Card provides cashback instead of points, no foreign transaction fees, and the potential to have monthly fees completely waived.

Wealthsimple Visa Infinite Privilege Card vs TD Aeroplan Visa Infinite Privilege Card

The TD Aeroplan Visa Infinite Privilege Card could be the ideal alternative for Air Canada travellers. Unlike the Wealthsimple Visa Infinite Privilege Card, this competitor has a categorized point-earning program that collects Aeroplan points per dollar spent on Air Canada purchases, gas, groceries, dining, and more. As with other Visa Infinite Privilege Cards, this contender also provides better and more extensive coverage, including hotel burglary insurance and travel medical insurance for seniors. While both cards offer Dragon Pass airport lounge access, the TD Aeroplan Visa Infinite Privilege Card grants cardholders an extensive list of benefits, featuring multiple status lifts, an annual companion voucher, free first checked bags, priority travel perks, and unlimited access to Maple Leaf airport lounges. Of course, you'll want to consider that this card's annual fee is much higher compared to the Wealthsimple Visa Infinite Privilege Card.

Verdict: The TD Aeroplan Visa Infinite Privilege Card's high annual fee accounts for countless perks, coverage, and point-earning opportunities that cater to Air Canada travellers. However, everyday earners, cashback enthusiasts, and more flexible travellers will still prefer the Wealthsimple Visa Infinite Privilege Card, especially premium clients and those who make eligible monthly direct deposits.

Frequently Asked Questions

Technically, no but it can be. The Wealthsimple Visa Infinite Privilege Card has a $20 monthly fee unless you're a premium Wealthsimple client or direct deposit $4,000+ on a monthly basis into a Wealthsimple Chequing account. Clients are considered as "Premium" if you have $100,000+ in assets on Wealthsimple.

It depends. The Wealthsimple Visa Infinite Privilege Card could be the best no foreign transaction fee credit card if you're able to waive the monthly fee. As such, you would receive no foreign transaction fees and airport lounge access for no monthly/yearly cost.

If you're not a premium client or you don't make eligible direct deposits, you're better off applying for another one of the best no foreign transaction fee credit cards in Canada.

If you'd like a Visa Infinite Privilege alternative, we mention the Scotiabank Passport Visa Infinite Privilege Card in this post.

The Wealthsimple Visa Infinite Privilege Card is best suited to premium clients or those who can direct deposit $4,000+ per month to their account in order to unlock the best value for your money. Without the waived monthly/annual fee, the card's rewards, coverage, and perks are less impressive and extensive compared to other Visa Infinite Privilege cards, yet still much more affordable in most cases.

About the author

Sara Skodak

Lead Writer

Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...

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About the editor

Kevin Shahnazari

Credit Card Expert

Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...

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About the reviewer

Abid Salahi

Credit Card Expert

Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...

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On this page

The Bottom Line
Welcome Bonus Details
Card Details
Pros & Cons
Our Detailed Review
Compare to Similar Cards
Benefits and Perks
Drawbacks and Considerations
Frequently Asked Questions

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Wealthsimple Visa Infinite Privilege*

4.4

FinlyWealth Rating

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on Wealthsimple's website

Get personalized rewards estimates — see exactly how much you could earn.

Wealthsimple Visa Infinite Privilege* Cash Back Calculator

*Terms and conditions apply.

Emergency Medical, Trip Cancellation, Trip Interruption, Delayed & Lost Baggage Insurance are not available to residents of Quebec.

The $25 bonus is only available to eligible new Wealthsimple clients who successfully open a chequing account and fund a minimum of $1. You must open a chequing account before you can apply for the credit card, as it will be required for making payments.

Annual Fee Waiver

The Annual Fee (“Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card (“Card”) is $240 and is charged monthly at $20. The monthly fee is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a month thereafter, unless this Fee is waived. Waiving the Fee is a promotional offer (“Fee Waiver Offer”) and requires clients to meet specific criteria to qualify and continue having the Fee waived. 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 Wealthsimple Chequing Account (“Chequing Account”) within the preceding 30-days. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client doesn't make a Qualifying Deposit, or if a Premium or Generation client cannot maintain their status and becomes a Core client without a Qualifying Deposit, the monthly fee of $20 will be added to their next statement and continue to be charged until a Qualifying Deposit is confirmed.

For residents of Quebec: The Quebec Annual Fee (“Annual Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card is $240 and is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a year thereafter. Waiving the Fee is a promotional offer (“Quebec Fee Waiver Offer”) and requires clients to meet specific criteria to qualify. The Annual Fee is automatically waived for any client with Premium or Generation status at the time the Card is issued. If a Core client obtains Premium or Generation status after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current twelve (12) month period, which starts on the anniversary of the Card issuance date (“Card Year”) from the month eligibility is obtained ($20 per month). The Quebec Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Chequing Account within the 30-days preceding the time the Card is issued. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client starts making Qualifying Deposits after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current Card Year from the month eligibility is obtained ($20 per month).

Credit Card Rewards (Cashback Offer)

The cash back promotional offer (“Cashback Offer”) is valid for new and existing users of the Card. The 2% earn rate, which may be subject to change, applies to purchases, excluding cash-like transactions, refunds, any applicable fees and adjustments (“Qualified Spend”). Cash back credits are earned on Qualified Spend only. You may redeem your cash back as soon as the Qualified Spend transaction is settled or up to 10 years after the Qualified Spend transaction is settled. Cash back can be redeemed directly in the app. Cash back can only be deposited into your Wealthsimple chequing, TFSA, RRSP, or non-registered accounts. There is no minimum amount needed to redeem. If a refund is processed after the Cash back credit is redeemed, the amount will be deducted from your rewards balance.

General Terms and Conditions

Wealthsimple Payments Inc. (“Wealthsimple”) reserves the right to amend, withdraw or restrict the Fee Waiver Offer and/or the Cashback Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the qualification criteria, and any other issue arising in connection with the Fee Waiver Offer and/or the Cashback Offer. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the applicable Wealthsimple account and take any other action it deems appropriate including, but not limited to, canceling the applicable Card. An invitation to participate in the Fee Waiver Offer and/or the Cashback Offer does not provide assurance that the referred customer will be accepted as a customer of Wealthsimple. Both the Fee Waiver Offer and the Cashback Offer are only valid for individuals in Canada that otherwise meet Wealthsimple’s eligibility requirements.

The Wealthsimple Visa Infinite Credit Card and Wealthsimple Visa Infinite Privilege Credit Card are issued by Wealthsimple pursuant to license by Visa Canada Corp.

* Trademark of Visa Int., used under license.

Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple's page for more details.

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Wealthsimple Visa Infinite Privilege*

Scotiabank Passport® Visa Infinite* Privilege Card

RBC Avion Visa Infinite Privilege

TD® Aeroplan® Visa Infinite Privilege* Credit Card

Welcome Bonus

$25 Exclusive bonus for new Wealthsimple clients*

Earn up to 100,000 bonus Scene+ points

Up to 70,000 Avion points*

Up to $3,000 in value† including up to 85,000 Aeroplan points† could be yours. Conditions Apply.

Earn Rates

2% cash back on all eligible purchases, no limits.

Earn 3X the Scene+ points for every $1 you spend on eligible travel purchases. Plus, earn an extra 3X the points on hotel bookings, car rentals, and things to do when you book through Scene+ Travel, Powered by Expedia. That's a total of 6X the points!
Earn 2X the Scene+ points for every $1 you spend on eligible dining and entertainment.
Plus, earn 1X the Scene+ points for every $1 you spend on all other eligible purchases.

1.25x Avion points per $1 spent on all eligible purchases

Earn 2 points^†for every $1 spent on eligible purchases made direct through Air Canada^® purchases (including Air Canada Vacations^®)
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, electric vehicle charging, groceries, travel & transit and dining purchases.
Earn 1.25 points^†for every $1 spent on all other purchases made with your Card
Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 200+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore).
Earn more at Starbucks: Link your eligible Card to earn 50% more Aeroplan points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.

Insurance Included

9 types

Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Travel Medical Insurance (64 & under)^*
14 days up to $2M (under age 65)
Trip Cancellation^*
$1,500/person ($5,000 per trip)
Trip Interruption^*
$1,500/person ($5,000 per trip)
Baggage Delay^*
$1,000 ($1,250 combined with Lost or Stolen Baggage coverage)*
Lost or Stolen Baggage^*
$1,000 ($1,250 combined with Baggage Delay coverage)
Car Rental Damage & Theft^*
31 days, $65K car MSRP

13 types

Mobile Device Insurance
$1,000
Travel Medical Insurance (64 & under)
$5M/insured up to 31 days
Travel Medical Insurance (65 to 75)
$5M/insured up to 10 days
Trip Cancellation
$2,500/person, $10,000/trip
Trip Interruption
$5,000/person, $25,000/trip
Flight Delay
$1,000/person
Lost or Stolen Baggage
$2,500/person (max $5,000 per trip)
Baggage Delay
$1,000/person
Hotel Burglary Insurance
$2,500
Common Carrier Travel Accident Insurance
$500,000/insured
Car Rental Damage & Theft
Covers vehicles MSRP ≤ $85k, rentals ≤ 48 days
Purchase Protection
180 days
Extended Warranty
2 years

13 types

Purchase Protection
120 days
Extended Warranty
Up to 2 years
Mobile Device Insurance
$1,500
Common Carrier Travel Accident Insurance
$500,000
Travel Medical Insurance (64 & under)
31 days
Travel Medical Insurance (65 to 75)
7 days
Trip Interruption
$5,000
Trip Cancellation
$2,500
Hotel Burglary Insurance
$3,000
Baggage Delay
$750
Lost or Stolen Baggage
$2,500
Flight Delay
$1,000
Car Rental Damage & Theft
yes

13 types

Travel Medical Insurance (64 & under)^†
31 days
Travel Medical Insurance (65 to 75)^†
4 days
Trip Cancellation^†
$2,500/person, $5,000/trip
Trip Interruption^†
$5,000/person, $25,000/trip
Flight Delay^†
$1,000/person after 4 hours
Baggage Delay^†
$1,000/person after 4 hours
Lost or Stolen Baggage^†
$2,500/person
Common Carrier Travel Accident Insurance^†
$500,000
Car Rental Damage & Theft^†
48 days
Hotel Burglary Insurance^†
$2,500
Purchase Protection^†
120 days
Extended Warranty^†
2 years
Mobile Device Insurance^†
$1,500

Benefits

3 benefits

No Foreign Transaction Fees^*
Avoid FX fees when you travel abroad
Visa Infinite Exclusive Benefits^*
Airport Lounge - Dragon Pass^*
6 complimentary visits

7 benefits

No Foreign Transaction Fees
Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada
Travel Credit
$250 annual Scene+ Travel credit – automatic statement credit on your first Expedia‑powered booking each membership year.
Airport Lounge - Dragon Pass
10 Free complimentary visits
Status lift
Avis President’s Club membership – two class upgrades, priority service.
Concierge Services
24/7 Visa Infinite Privilege concierge (English & French)
Visa Infinite Exclusive Benefits
Priority Travel
Dedicated security and taxi lanes, valet and parking discounts at select Canadian airports.

7 benefits

Airport Lounge - Dragon Pass
Visa Airport Companion membership + 6 complimentary airport lounge visits per year
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada and 20% more Avion points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Concierge Services
Connect to the Visa Infinite Privilege Concierge like having a personal assistant on call!
Priority Travel
Enjoy global airport lounge access, airport security fast track lanes, and dedicated airport parking at select Canadian airports
Visa Infinite Exclusive Benefits
Dining series and Visa Infinite Luxury Hotel Collection offers with benefits like late check out and upgrades
Discount
Add your credit card to your DoorDash account and get a free 12-month DashPass subscription

20 benefits

Free first checked bag^†
First checked bag is free for primary cardholder on AirCanada flight and up to 8 guests
Nexus Program Rebate^†
up to $100 every 4 years
Visa Infinite Exclusive Benefits^†
Concierge Services^†
Golf Benefit^†
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra points^†
Link your eligible Card to earn 50% more Aeroplan points plus more Starbucks Stars. Redeem points for even more Stars. Conditions apply.  
Extra points^†
Earn points twice at over 150 Aeroplan partner brands and over 200 online retailers through the Aeroplan eStore
Status lift^†
Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases
Car Rental Discount^†
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance^†
Extra points^†
Earn 2 Aeroplan points for every $1 you spend on eligible purchases with Rocky Mountaineer, Plus, cardholders could receive a GoldLeaf Upgrade, and a hotel room upgrade
Status lift^†
Complimentary upgrade to Avis® President's Club
Status lift^†
Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.
Status lift^†
Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.
Status lift^†
Diamond Status with Visa RSVP Rewards™ Benefit. Benefits at 60+ participating Sandman, Sandman Signature and Sutton Place Hotels from coast-to-coast in Canada and beyond.
Priority Travel^†
At Toronto, Vancouver, Ottawa and Montreal airports get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking.
Priority Travel^†
Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)
Airport Lounge - Dragon Pass^†
6 Free complimentary visits
Airport Lounge - Maple Leaf and AirCanada Cafes^†
Unlimited Access for you and one guest
Companion Voucher^†
Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card

Annual Fee

$240

$599

$399

$599

Income Requirements

$150,000 personal or $200,000 household

$200,000 personal or $200,000 household

$150,000 personal or $200,000 household

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Frequently Asked Questions

If you're not a premium client or you don't make eligible direct deposits, you're better off applying for another one of the best no foreign transaction fee credit cards in Canada.

If you'd like a Visa Infinite Privilege alternative, we mention the Scotiabank Passport Visa Infinite Privilege Card in this post.

The Bottom Line

Welcome Bonus Details