Wealthsimple Visa Infinite +^* Credit Card

New Wealthsimple clients can earn 5% cash back on up to $10,000 in purchases during the first 35 days after approval, an extra 3% on top of the card's regular 2% rate, for up to $500 in cash back on that spending.^† The boost switches on within 24 hours of approval, and you'll need to keep the card open for 180 days after the boosted period to hold onto it. New Wealthsimple clients receive the offer invitation when they sign up, while existing clients need a personal invitation from Wealthsimple.

Earning the full $500 means putting $10,000 on the card within 35 days, which might be tough for most people. At a more typical $2,000 to $3,000, the boost works out to $100 to $150 in cash back.

Beyond the first 35 days, the value proposition rests on the flat 2% cash back on everything, no foreign transaction fees, and an annual fee that most of its target audience will never pay. If a bigger upfront bonus is the priority, our monthly roundup of Canada's best credit card offers shows what the competition is offering.

The fee is $20 per month, or $240 per year, billed annually for Quebec residents. It's waived entirely if you hold $100,000 or more in eligible Wealthsimple assets, or if you direct deposit at least $4,000 per month into a Wealthsimple Chequing account.^†

You'll need an active Wealthsimple Chequing account to hold the card, and the balance can only be paid from Wealthsimple Chequing, as payments from external accounts aren't supported. Supplementary cards aren't available.

Eligibility requires a personal income of $80,000 or a household income of $150,000. Note that card availability is limited, and meeting the requirements doesn't guarantee approval.

For a deeper first-hand look at the card, read our full review of the Wealthsimple Visa Infinite* Card.

The Wealthsimple Visa Infinite +* Credit Card earns a flat 2% cash back on all eligible purchases, with no tiers, no caps, and no categories to track.^† The 2% doesn't apply to cash-like transactions, refunds, or fees and adjustments.

With no foreign transaction fees, the full 2% also applies to purchases in any currency, with only the Visa network conversion rate in play.^† Pair it with the Wealthsimple Prepaid Mastercard for fee-free cash withdrawals abroad and you have a complete no-FX travel wallet.