【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

Wealthsimple referral offer screenshot

【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 receive a metal card
  • Tap payments through a digital wallet have no cap
  • Set up AutoPay so the monthly bill is handled automatically

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

Who it’s for: This card suits people who meet the Visa Infinite+ application requirements, use a Wealthsimple Cash Account to manage the bill, and want 2% cash back on almost all spending with no foreign-transaction fee. If you cannot meet the direct-deposit condition for waiving the annual fee or do not often spend abroad, the $240 annual fee requires careful consideration.

Wealthsimple Visa Infinite+ credit card

Issuer: Wealthsimple
Network: Visa Infinite+
Card type: Credit card
Annual fee: $240, or $20 per month, with conditions for waiving it
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

Eligibility: $80,000 personal income or $150,000 household income; you must have a Wealthsimple Cash Account and be a 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

Benefits & 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 these travel coverages.

Travel insurance

  • Out-of-Province/Country Emergency Medical Insurance

    When travelling outside your province or country of residence, receive up to $1,000,000 in emergency medical coverage. This applies only to cardholders under 65 and covers the first 14 consecutive days of a trip. Benefits include hospital and medical expenses, emergency dental expenses up to $2,000 for an accident or $200 for pain, emergency air transportation or evacuation, return of remains up to $5,000, and additional hotel and meal expenses up to $150 per day and $1,500 in total.

  • Trip Cancellation Insurance

    If you cancel for a covered reason such as qualifying illness or injury, jury duty, a natural disaster, or a travel advisory, receive up to $1,000 per person and $3,000 per trip. The full cost of the trip must be charged to the Card.

  • Trip Interruption Insurance

    If you interrupt the trip for one of the covered reasons above, receive up to $1,000 per person and $3,000 per trip. The full cost of the trip must be charged to the Card.

  • Delayed Baggage Insurance

    If baggage is delayed for more than six hours, emergency purchases are covered up to $500. The full airline ticket cost must be charged to the Card, and emergency purchases must be made within 96 hours after the delay.

  • Lost or Damaged Baggage Insurance

    Lost or damaged baggage is covered up to $750. Delayed and lost or damaged baggage share a $1,000 maximum, and the full airline ticket cost must be charged to the Card.

Purchase insurance

  • Purchase Security

    New items purchased with the Card are covered for loss, theft, or damage for 90 days. The limit is $1,000 per occurrence and $10,000 per cardholder in total.

  • Extended Warranty

    The original manufacturer’s warranty can be doubled, with the additional period capped at one year.

  • Mobile Phone Insurance

    Pay the monthly mobile-phone bill with the Card. Theft or damage is covered up to $1,000 per claim, with a $50 deductible and a maximum of two claims in each 12-month period.

Worth knowing

  • This card has no additional cardholders
  • You can pay this card’s bill only from a Wealthsimple Cash Account
  • Physical-card tap is capped at $250 per transaction; digital-wallet tap has no per-transaction cap, subject to the merchant’s settings
  • Cash back is automatically deposited into the Cash Account within seven days after the statement

Further Reading