$80 cash back
$80
First-year value
$80
cash back
$0
Annual fee
Based on the minimum spend required to earn the full welcome bonus.
Earn 8% cash back† for your first 3 months up to $1,000 in eligible spend on restaurants, dining, coffee shops, and bars.
Dining
(up to $5,000/year, 0.5% after)
Gas, Drugstore, Groceries & Bills
(up to $15,000/year, 0.5% after)
Everything Else
Last updated: October 26, 2026
The Simplii Financial™ Cash Back Visa* Card is the sole credit card offering of digital bank Simplii Financial™. It’s a cash back card with no annual fee and a low income requirement, making it a good choice as a starter card.
The card offers elevated cash back earning in several categories. Of particular interest is the 4% cash back on eligible restaurant, bar, and coffee-shop purchases, up to $5,000 per year.
If you’re starting a new job or starting in Canada as a newcomer, this card is worth considering.
As its welcome offer, the Simplii Financial™ Cash Back Visa* Card doubles your cash back on restaurants, coffee shops, and bars for your first three months. You'll earn 8% cash back† on up to $1,000 of eligible spend in those categories.†
That's twice the card's regular 4% rate, and it works out to $80 in cash back if you maximize the offer.
The card has no annual fee, so it's easy to keep open as a primary or backup card while it adds to the length of your credit history.
You can also add up to three additional cardholders at no extra cost and set a spending limit on each card.
The Simplii Financial™ Cash Back Visa* Card offers the following cash back structure:
If you maximize the elevated earning rates, you may effectively earn up to $200 on the 4% cash back categories, and up to $225 on the 1.5% cash back categories.
The 4% and 1.5% rates are strong for a no-fee card. The elevated categories have annual limits, so if you spend more than that in a year, you can pair this card with another one to keep earning at a higher rate.
The cash back you earned from January to December will be applied as a credit on the statement for the following January. Your cash back is determined per monthly statement period.
$80 cash back
Last updated: October 26, 2026
The Simplii Financial™ Cash Back Visa* Card also earns cash back when you send a Global Money Transfer and pay with the card.† There are no transaction fees, and you won't be charged interest if you pay your balance by the payment due date.
This can come in handy for newcomers to Canada who send money to family and friends abroad.
The Simplii Financial™ Cash Back Visa* Card includes purchase coverage but no travel insurance. If you need travel medical coverage, CIBC Travel Medical Insurance is available as an optional extra.
Its extended warranty coverage doubles the manufacturer's warranty for most items purchased up to one year.
Meanwhile, its purchase protection coverage allows items purchased with the card to be repaired, replaced, or reimbursed in case of loss, theft, or physical damage anywhere in the world. The protection is valid for 90 days after purchase.
For both coverages, the maximum total limit of liability per cardholder is $60,000, regardless of the number of Simplii Financial™ products you hold.