Does Wealthsimple offer a card with travel points?

For now, Wealthsimple does not offer a travel points program. Its cards focus instead on 2% cash back and no foreign transaction fees. However, tests are underway to enhance rewards. You can read our review of the Wealthsimple Visa Infinite Card.

What interest rate does Wealthsimple’s business chequing account offer?

The business chequing account pays 2.25% interest on deposits. By comparison, most big banks offer almost 0%. In addition, account opening is done online, with no branch appointment. To compare your options, use our chequing account comparison tool.

What is a portfolio line of credit?

It is a loan secured by your investments. You can borrow up to about 35% of your portfolio’s value, starting at 3.95%, without selling your assets. However, if your investments drop sharply, Wealthsimple may request faster repayment.

Are Wealthsimple products available in Quebec?

Yes, most Wealthsimple products are available in Quebec. However, some arrive a little later due to rules specific to the province and AMF oversight. Often, this delay is only a few months.

Will Wealthsimple offer mortgages in Quebec?

It is well underway. Wealthsimple is recruiting licensed agents and brokers in Quebec. According to Simon Lejeune, the offering should arrive within the next few months, with no confirmed date at this time.

Where can you listen to the La Magie des Points podcast?

You can listen to La Magie des Points on Spotify, YouTube, and Apple Podcasts. You can also find all our episodes on our podcast page. Subscribe so you do not miss any upcoming interviews.

Jean-Maximilien Voisine

Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries—many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.

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