Wealthsimple Credit Card

Earn rates

• all_purchases2%

  2% cash back on all spending. Does not apply to cash-like transactions, refunds, or applicable fees and adjustments.

Welcome offer

No welcome offer captured.

Fees

Annual fee

$240

Additional card

—

Foreign transaction fee

None

Charged as $20/month if you have under $100,000 in assets with Wealthsimple (Quebec clients charged annually). Fee waived with $100K+ in assets or a qualifying paycheque direct deposit of $4,000 or more per month to a Wealthsimple chequing account. No FX fees, though the payment network still applies a currency conversion rate.

Interest rates

Purchase APR

20.99%

Cash advance APR

22.99%

Balance transfer APR

—

Grace period

—

Rate effective date

—

Benefits & insurance

Lounge access

Visa Infinite Privilege airport lounge access

Insurance coverages

9

• Purchase protection against loss, theft, or damage for 90 days
• Phone insurance covering repair or replacement up to $1,000
• Extended warranty doubling the manufacturer's repair period
• Emergency medical insurance
• Trip cancellation insurance
• Delayed and lost baggage insurance
• Car rental collision and loss damage (Visa Infinite Privilege)
• Up to $1,000 coverage for flight delays over 3 hours
• Visa Zero Liability fraud protection

Redemption & eligibility

Reward currency

cash back

Redemption options

Redeem to almost any Wealthsimple account, Earn up to 2.25% interest on your cash back

Transfer partners

—

Min. personal income

—

Min. household income

—

Credit check required. Canada's only Visa Infinite Privilege cash back card.