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Zolve Classic Credit Card
Cash Back Calculator
This credit card is NOT available for residents of Quebec.
Card Details
Rewards Calculation Disclaimer
In our rewards calculation, we're using a 1.5% cashback rate in the "other" spend category to account for the 2% cashback rate on Digital Wallet payments in order to provide a more fair estimate. This is because according to the Bank of Canada's 2023 Merchant Acceptance Survey, 67% of small and medium-sized businesses accept digital cards and payments, while virtually all major Canadian retailers and chains accept digital wallet payments. For the welcome bonus calculation, we're making the assumption that 50% of your initial spending will be on groceries while the other 50% will be on other purchases, totaling up to the $1,000 spending cap.
Interest Rates
Purchase: 19.99% - 29.99%
Cash Advance: N/A
Balance Transfer: N/A
Annual Fees
Main Card: $0
Additional Cards: N/A
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
- 8% cashback on Groceries for the first 3 months
- 4% cashback on Digital Wallet payments for the first 3 months
- 1% cashback on Other spends for the first 3 months
- These boosted cashback rates only apply for the first three (3) months following activation of an eligible Zolve Product, up to a total transaction value of $1,000.
- This offer is not available for residents of Quebec.
Our Rating
4.3/5
Institution
Zolve
How You Earn Rewards
- 4% cash back (unlimited) on eligible grocery purchases
- 2% cash back (unlimited) on Digital Wallet payments (Apple Pay, Google Pay, etc.)
- 0.5% cash back on all other eligible purchases
Rewards Breakdown
Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Mastercard Zero Liability Protection
Covers you for unauthorized transactions made with your card
Pros & Cons
Pros
- No annual fee
- Easy qualification without SIN or credit history
- Build credit from day one (1) as Zolve Classic Credit Card reports payments to at least 2 major credit bureaus: Equifax and TransUnion
- Some of the highest cashback rates in Canada for everyday spending (4% groceries, 2% digital wallet payments, 0.5% other)
Cons
- No travel insurance
- No upgrade path to more premium options
Legal
*Terms and conditions apply.
Zolve Canada Inc is a financial technology company, not a bank or lender. All Zolve credit cards are issued by BRIM Financial Inc, 4101 Yonge Street, Suite 506, Toronto, Ontario, M2P 1N6, Canada, pursuant to a license from Mastercard. Cards may be used everywhere Mastercard credit cards are accepted.
Refer to Zolve's website for the latest details on the product.