【August 2026 update】 Before September 13, 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
【June 11, 2025 update】 Wealthsimple’s “the end of banking” event also refreshed a few details on this card:
- Premium clients with $100,000 in assets at Wealthsimple get a metal card
- Tap payments through a digital wallet have no cap
- Set up AutoPay and the monthly bill takes care of itself
This is Wealthsimple’s own card, and it looks like a solid one-card setup. It suits people who are not chasing U.S. cards but still want everyday spending without foreign-transaction fees.
Highlights
- 2% unlimited cash back on almost all spending
- No currency-conversion or foreign-transaction fees
- AutoPay is available, so the bill is low-maintenance
Issuer: Wealthsimple
Network: Visa Infinite+
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 $2,000 in monthly direct deposits.
Note: Quebec residents are billed annually; other provinces are billed monthly.
Welcome offer
None
Application bar: $80,000 personal income or $150,000 household income; you must have a Wealthsimple Cash account; Canadian resident
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
2% on all purchases, excluding cash-like transactions
Perks and insurance
In May 2026 the card moved from Visa Infinite to Visa Infinite+ and added complimentary international data roaming.
In September 2025 it added basic travel insurance. Quebec residents generally cannot use those travel coverages.
- Complimentary Gigsky mobile data plan
1 GB of complimentary roaming data for 15 days, plus 10 GB of roaming data for 15 days
Further reading: What is GigSky? A credit-card perk: free global eSIM roaming explained
- Out of province/country emergency medical insurance
This insurance covers you and your family for up to $1,000,000 in emergency medical expenses while travelling outside your home province or country.
Summary of insurance details:
Coverage: Up to $1,000,000 for emergency medical treatment.
Eligibility: Cardholders under age 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)
- Trip cancellation/trip interruption insurance
If you need to cancel or interrupt your trip due to a covered reason, you may be reimbursed for up to $1,000 per person, with a maximum of $3,000 per trip
Summary of insurance details:
Coverage: Up to $1,000 per person (maximum $3,000 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
- Delayed & lost baggage insurance
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.
Summary of insurance details:
Coverage:
Delayed baggage: Up to $500 for emergency purchases
Lost/damaged baggage: Up to $750
Maximum combined coverage: $1,000
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.
Purchase-related insurance that was already on the card
- Purchase security & extended warranty
Purchase security protects new items you buy with your credit card against loss, theft, or damage for 90 days. The extended warranty doubles the manufacturer’s warranty up to an additional year.
Summary of insurance details
Purchase security: Protects new items against loss, theft, or damage for 90 days.
Extended warranty: Doubles the manufacturer’s warranty up to 1 additional year.
Coverage:
Per occurrence: Up to $1,000
Total limit: $10,000 maximum per cardholder
- 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.
Summary of insurance details
Coverage: Up to $1,000 per claim (with $50 deductible).
Limit: Maximum 2 claims per 12-month period.
Eligibility: You must pay your monthly phone bill with your card.
Worth knowing
- This card has no authorized users
- You can only pay the bill from a Wealthsimple Cash account
- Physical-card tap is capped at $250 per tap; wallet tap has no per-tap cap. Merchant settings still apply
- Cash back lands in your Cash account automatically within 7 days of the statement
Further reading
Wealthsimple overview [IPO access, including SpaceX]
