Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

Wealthsimple$240/yr (waivable)Flat Cash Back

Wealthsimple Credit Card

Our take: strongest for everyday spending — about 2% back in value (est.) for $240 a year, plus a welcome bonus we value at roughly $300.

#5 No FX fee #8 Cash back

Welcome offer: +3% cash back boost (5% total) on your first $10,000 in spend within 30 days — invitation-only, not available to every applicant

Apply on Wealthsimple’s site →

Goes straight to Wealthsimple
Our review

The Wealthsimple Credit Card is a flat-rate cash back Visa from Wealthsimple, the Canadian investing and banking company, available in two tiers: Visa Infinite+ and the higher Visa Infinite Privilege. Both earn an uncapped 2% cash back on every purchase, charge no foreign transaction fee, and carry the same $240/yr fee (waivable for larger Wealthsimple relationships). This review is scored on the more accessible Visa Infinite+ tier, with a full comparison to Infinite Privilege below. Note: Wealthsimple’s own site currently lists only these two tiers — we did not find any current reference to a separate lower-fee entry tier some earlier research assumed existed, so treat this two-tier structure as the current lineup.

3.5out of 5

MoneyMint rating

#19 of 30 travel rewards cards · How we rate

Rewards value

3/10

Insurance

6/10

Flexibility

10/10

Welcome bonus

4/10

Fee value

7/10

Perks

4/10

≈ $264

estimated first-year value after the annual fee, on a typical $2,050/month budget. See it for your spending →

At a Glance (Visa Infinite+)

Annual Fee

$240/yr$20/mo; waived with $100K+ WS assets or $4K+/mo direct deposit

Rewards Rate

2% cash backFlat rate, uncapped, on all purchases

Welcome Bonus

+3% boostInvitation-only; capped at $10,000 spend in 30 days

Rewards

~2%on everyday spending (est. value)

Foreign Transaction Fee

0%Visa’s own exchange rate still applies

Minimum Income

$80,000Personal, or $150,000 household; plus an active Wealthsimple chequing account

Purchase APR 20.99%

Pros & Cons

Pros

Flat 2% cash back on all spending, uncapped — no rotating categories to track
Genuine 0% foreign transaction fee, a real and uncommon saving on travel or U.S. spending
Cash back is redeemable anytime to any Wealthsimple account, not held back until year-end
Comprehensive insurance suite included even on the entry (Infinite+) tier
Annual fee can be fully waived for larger Wealthsimple clients

Cons

$240/yr fee applies unless you hold $100,000+ in Wealthsimple assets or $4,000+/month in direct deposits — a high bar for most everyday applicants
Requires an active Wealthsimple chequing account just to apply
Minimum income requirement ($80,000 personal / $150,000 household) rules out many applicants outright
Welcome offer is invitation-only, not something every applicant can request
Visa Infinite Privilege is gated further, and Wealthsimple’s own terms note “limited quantities” may restrict approval even for qualified applicants
Issued by Wealthsimple Payments Inc., a money-services business — not a traditional bank or federally regulated trust company, a different structure than most other cards on this list

Rewards & Earn Rates

All purchases2% cash backFlat rate, uncapped, same on both tiers

Boosted retail partnersBonus rateExtra cash back at select partners (e.g. Walmart, Hotels.com, Gap) via in-app activation only

RedemptionAnytimeCredited to any Wealthsimple account on demand

Welcome boost+3% (5% total)On the first $10,000 in spend within 30 days of an invitation

The 5% welcome boost requires an invitation from Wealthsimple — it’s not something you can guarantee by simply applying. Confirm current eligibility and terms on Wealthsimple’s promotions page before counting on it.

Perks & Benefits (Visa Infinite+)

Travel & purchase insuranceIncludedTravel medical, trip cancellation/interruption, baggage delay/loss, purchase protection (90 days), extended warranty (+1yr)

Foreign transaction fee0%Applies to both tiers

Mobile device insuranceUp to $1,000Covers repair or replacement

Luxury Hotel Collection & conciergeIncludedVisa Infinite benefit, both tiers

Airport lounge accessPrivilege tier onlyNot included on Infinite+; see comparison below

Visa Infinite+ vs. Visa Infinite Privilege

Visa Infinite+ (Featured Tier)

Eligibility: $80,000 personal or $150,000 household income, plus an active Wealthsimple chequing account
Annual fee: $240/yr, waivable
Rewards: 2% flat cash back, uncapped
Includes: travel & purchase insurance, 0% FX fee, Luxury Hotel Collection

Visa Infinite Privilege (Upgrade Tier)

Eligibility: Infinite+ requirements, plus one of — $150,000 personal / $200,000 household income, $50,000/yr card spend, or $400,000+ in Wealthsimple assets
Annual fee: $240/yr, same waiver conditions
Rewards: same 2% flat cash back, uncapped
Adds: 1,200+ airport lounges, car rental collision/loss damage waiver, up to $1,000 flight delay coverage, metal card, dining & wine program access

Who It’s For

The Wealthsimple Credit Card suits higher earners who want a simple, flat-rate cash back card with no categories to track, especially existing Wealthsimple investing or chequing clients who can realistically waive the $240/yr fee. The 0% foreign transaction fee makes it a strong pick for frequent U.S. or international spenders. Infinite Privilege is worth considering only if you clear its higher income, spend, or asset bar and specifically want lounge access and premium travel perks.

It’s a weaker fit if your income falls under the $80,000/$150,000 threshold, if you don’t want to open a Wealthsimple chequing account just to apply, or if you’re counting on a guaranteed welcome bonus — this one is invitation-only rather than available to every applicant.

Not Sure? Three Cards People Compare It With

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3.5MoneyMint rating

Wealthsimple Credit Card

Best for everyday spending · $240/year · ~$300 welcome bonus (est.)

Apply on Wealthsimple’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against Wealthsimple’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by Wealthsimple and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

Does the Wealthsimple Credit Card have an annual fee?

Yes — $20/month ($240/year), the same fee across all three tiers (1% Beta, Infinite+, Infinite Privilege). It’s waived if you hold $100,000+ in individual assets with Wealthsimple, or have $4,000+ per month in direct deposits to a Wealthsimple chequing account.

How much cash back does the Wealthsimple Credit Card earn?

1% cash back on the Visa Infinite 1% (Beta) tier, or 2% cash back on the Visa Infinite+ and Visa Infinite Privilege tiers, with boosted rates available at select partner merchants. Cash-like transactions, refunds, gift cards, and fees are excluded.

What is the welcome bonus on the Wealthsimple Credit Card?

A 5% Cash Back Welcome Offer — an extra 3% boost on top of the base 2% — on the first $10,000 in net purchases within 30 days of approval. This offer is available on the Visa Infinite+ and Visa Infinite Privilege tiers only.

What credit score do you need for the Wealthsimple Credit Card?

MoneyMint’s research places the recommended credit score in the “Good” range as a general guideline, since Wealthsimple doesn’t publish an exact minimum.

Does the Wealthsimple Credit Card charge foreign transaction fees?

No foreign transaction fee (0% FX markup) on the Visa Infinite+ and Privilege tiers, applied automatically. On the 1% Beta tier, the 0% FX benefit is listed as an optional selectable perk rather than automatic — check your account settings to confirm it’s turned on.