【July 2026 update】 Before July 31, use the referral link🔗 (or enter code IBVGUG) to open a Wealthsimple account and apply for the credit card:
- Open a Wealthsimple account and fund it to get $25
- Apply for the credit card and earn 5% cash back on the first $10,000 spent in the first 30 days
Highlights
- Enter a higher income at application and you can land this VIP version
- A VIP card with a path to a waived annual fee
- No currency-conversion or foreign-transaction fees, and 2% cash back on all spending
- Travel perks (6 airport lounge visits) plus a useful set of travel insurance
Issuer: Wealthsimple
Network: Visa
Card type: Credit card
Annual fee: $240, billed at $20 a month, with a path to a waived fee
No foreign-transaction or currency-conversion fees
Premium and above clients pay no annual fee. Regular clients can waive it with at least $4,000 in monthly direct deposits.
Welcome offer
Unknown
Application bar: $150,000 personal income or $200,000 household income (if you are invited and enter income at that bar, you are automatically placed on the VIP version)
Everyday spending
2% on all purchases
Perks and insurance
You get everything on the Visa Infinite version of this card, then more and better coverage.
- Airport lounge access
Visa Airport Companion Program, 6 visits a year
Further reading: 🇨🇦 Canadian credit cards — airport lounge perks roundup
- Visa Infinite and Visa Infinite Privilege benefits
Further reading: 🇨🇦 Visa Infinite Privilege overview
- On top of the global complimentary data from Visa’s Gigsky partnership, this card adds another 10 GB / 15 days
Further reading: What is GigSky? A credit-card perk: free global eSIM roaming explained (2026 edition)
- Hotel enhancements: Includes Relais & Châteaux properties through Visa RSVP Rewards
Further reading: RSVP Rewards explained: 🇨🇦 the lesser-known Sandman / Sutton Place hotel program
- Enhanced dining reservations: Access to prime-time reservations at top restaurants via OpenTable
Travel-related insurance
- Out of province/country emergency medical insurance
Under 65, 14 days. Tap for details
This insurance covers you and your family for up to $2,000,000 in emergency medical expenses while you’re travelling outside your home province or country.
- Eligibility: Cardholders under the age of 65 only.
- Coverage duration: You’re covered for the first 14 consecutive days of your trip.
- Benefits include:
- Hospital and medical expenses
- Emergency dental expenses (up to $2,000 for an accident, $200 for pain)
- Emergency air transportation/evacuation
- Return of deceased (up to $5,000)
- Additional hotel and meal expenses (up to $150/day, maximum $1,500)
Note: This insurance isn’t available to residents of Quebec.
- Trip cancellation/interruption insurance
Limit $5,000. Tap for details
If you need to cancel or interrupt your trip due to a covered reason, you may be reimbursed for up to $1,500 per occurrence, with a maximum of $5,000 per trip.
- Coverage: Up to $1,500 per person (maximum $5,000 per trip).
- Eligibility: The full cost of the trip must be charged to your card.
- Covered interruption or cancellation reasons:
- Illness or injury
- Jury duty
- Natural disaster
- Travel advisories
- Other reasons may be eligible for coverage
Note: This insurance isn’t available to residents of Quebec.
- Delayed & lost baggage insurance
6 hours. Tap for details
This insurance can cover you for emergency purchases if your baggage is delayed for more than 6 hours. It can also cover lost or damaged baggage.
- Coverage:
- Delayed baggage: Up to $1,000 for emergency purchases
- Lost/damaged baggage: Up to $1,000 for emergency purchases
- Maximum combined coverage: $1,250
- Eligibility: The full cost of an airline ticket must be charged to your card.
- Coverage duration: You must make your emergency purchases within 96 hours for delays over 6 hours.
Note: This insurance isn’t available to residents of Quebec.
- Car rental collision/loss damage
31 days. Tap for details
This benefit provides coverage for damage or theft of a rental car. Visa Infinite Privilege cardholders have up to 31 days of coverage with a maximum limit of $65,000 MSRP.
Purchase-related insurance
- Purchase security
Protects new items you buy with your credit card against loss, theft, or damage for 90 days. You’re covered for up to $1,000 per occurrence for a total limit of $10,000 maximum per cardholder.
- Extended warranty
This warranty doubles the manufacturer’s repair period, up to an additional year.
- Mobile phone insurance
When you pay your monthly phone bill with your credit card, you’re protected against theft or damage to your mobile phone. You’re covered for up to $1,000 per claim, with a $50 deductible. You have a maximum of 2 claims per 12-month period, and you must pay your monthly phone bill with your card to qualify.
