【July 7, 2026 update】 Wealthsimple has started inviting some clients to apply for a starter version of its credit card, aiming at the entry-level market. After the card book grew quickly, it looks as if Wealthsimple decided the credit-card business is worth chasing.
A few details have leaked out:
- Invite-only, rolling out slowly
- Soft credit pull, so it should not ding your score
- It sounds as if you can pick from several card colours; the website says you cannot change the colour after you choose it
- You currently cannot upgrade this card to Visa Infinite+ or Visa Infinite Privilege. That option may open later
Highlights
- Starter product with a lower application bar
- No annual fee, with 1% cash back on spending
- Optional perks include no foreign-transaction or currency-conversion fees
Issuer: Wealthsimple
Network: Visa Infinite
Card type: Credit card
Annual fee: $0
You can choose no foreign-transaction or currency-conversion fees
Welcome offer
None
Application bar: $60,000 personal income or $100,000 household income
When you apply for a Wealthsimple credit card, the income and assets you enter map to different products:
| Requirement (meet at least one) | Visa Infinite 1% (beta) | Visa Infinite+ | Visa Infinite Privilege |
|---|---|---|---|
| Personal income | $60,000+ | $80,000+ | $150,000+ |
| Household income | $100,000+ | $150,000+ | $200,000+ |
| Total savings and investments | $250,000+ | $300,000+ | $400,000+ |
| Annual credit card spend | $15,000+ | $25,000+ | $50,000+ |
Everyday spending
1% on all purchases, excluding cash-like transactions
Perks and insurance
The starter card does not come with the full Visa Infinite+ or Visa Infinite Privilege benefit and insurance package. At application, though, you pick three perks from the list below, which is still a solid deal. Options include:
- 0 FX
- Out-of-province medical insurance
- Travel insurance (trip interruption, delayed baggage, flight coverage, rental-car insurance)
- Discounted airport lounges
- More…
Once you lock in three perks, they stay in place for a year. You can change them only after 12 months.
Further reading
Wealthsimple’s other credit cards:
