Which card is better: Wealthsimple Visa Infinite + or Scotiabank Passport Visa Infinite +?

It depends on the rewards you prefer. The Scotiabank Passport Visa Infinite +* Card wins on welcome bonus, annual fee, and airport lounge access. The Wealthsimple Visa Infinite + Card is the stronger pick if you want simple, automatic cash back at a flat 2% rate with no tracking required.

Does the Wealthsimple Visa Infinite + Card charge foreign transaction fees?

No. The Wealthsimple Visa Infinite + Card charges no foreign transaction fees, making it a solid option for Canadians who travel or shop in foreign currencies.

Does the Scotiabank Passport Visa Infinite + Card charge foreign transaction fees?

No. The Scotiabank Passport Visa Infinite +* Card waives the standard 2.5% foreign transaction fee, which is one of its standout perks for travellers.

Can the annual fee be waived on either card?

Yes on both cards. The Wealthsimple Visa Infinite + Card waives its $240 annual fee if you hold $100,000 in assets with Wealthsimple or make $4,000/month in qualifying direct deposits. The Scotiabank Passport Visa Infinite +* Card waives its $150 fee with an eligible Scotiabank chequing account like the Ultimate Package or Preferred Package.

What is the minimum income to qualify for these cards?

Both cards require a minimum personal income of $60,000 or a household income of $100,000, the standard Visa Infinite requirements. The Wealthsimple card also qualifies applicants with $250,000 in Wealthsimple assets or at least $15,000 in annual card spend.

How do Scene+ points work with the Scotiabank Passport Visa Infinite + Card?

Scene+ points are generally worth 1 cent each. With the Scotiabank Passport Visa Infinite +* Card, you earn up to 4 points per $1 on travel booked through Scene+ Travel, 3 points at Sobeys-affiliated grocers, 2 points on dining, transit, and entertainment, and 1 point everywhere else. Points redeem for travel, groceries, dining, gift cards, or statement credits.

Does the Scotiabank Passport Visa Infinite + Card include airport lounge access?

Yes. The Scotiabank Passport Visa Infinite +* Card includes 6 complimentary airport lounge passes per year through DragonPass and the Visa Airport Companion program, a perk the Wealthsimple Visa Infinite + Card does not offer.

Is the Wealthsimple Visa Infinite + Card available to everyone?

Not yet. The Wealthsimple Visa Infinite + Card is a newer product with an active waitlist. There is currently no welcome bonus, though that may change as the waitlist clears.

Erin Partridge

Erin Partridge enjoys travelling slowly and taking her time to get to know each new place.  She’s had the opportunity to live in Canada and South Korea, with shorter stints in Vietnam, Malaysia, Mexico, Spain, and more.

All posts by Erin Partridge