Which Wealthsimple credit cards are offered?

Wealthsimple offers three Visa Infinite credit cards: the Visa Infinite 1% (new, no-fee, beta version), the Visa Infinite + (2% cash back), and the Visa Infinite Privilege. The company also offers a prepaid Mastercard linked to the chequing account.

What is the difference between the Visa Infinite 1% and the Wealthsimple Visa Infinite +?

The Visa Infinite + offers 2% cash back, included travel insurance, and no conversion fees, but costs $20 per month (waivable). The Visa Infinite 1% has no annual fees, but its cash back drops to 1% and you must choose 3 premium benefits from a list.

Does the Wealthsimple Visa Infinite 1% card have an annual fee?

No. The Visa Infinite 1% card has no annual fees. However, it is currently offered to invited clients only, in beta version.

What is the difference between the Wealthsimple Visa Infinite + and Infinite Privilege?

Both cards offer 2% cash back with no conversion fees. However, the Visa Infinite Privilege adds enhanced travel insurance and high-end benefits, such as airport lounge access.

Does the Wealthsimple credit card offer a welcome bonus?

No. None of the Wealthsimple cards offer a welcome bonus at this time. Their appeal lies instead in the cash back and the absence of conversion fees.

Do Wealthsimple cards charge conversion fees?

The Visa Infinite + and Visa Infinite Privilege do not apply any conversion fees. On the Visa Infinite 1%, the absence of conversion fees is one of the benefits you can select among your 3 choices.

How do I find the credit card that matches my profile?

To compare this card to other Canadian offers based on your criteria, use our credit card comparison tool. You can also consult the best cash back credit cards, ranked each month by the Milesopedia team.

Who is the Wealthsimple Visa Infinite Privilege Card for?

The Visa Infinite Privilege is aimed at frequent travelers who want 2% cash back and enhanced protection: medical coverage up to $2M, rental car collision insurance, and airport lounge access. Like the Visa Infinite +, its $20 monthly fee can be waived depending on your Wealthsimple status. To compare the two, see our Wealthsimple Visa Infinite Privilege Card fact sheet.

Vincent Morin

Vincent achieved financial independence and took early retirement (FIRE) at the age of 35. After a career in financial technology with a major American investment bank, he founded Retraite101, a personal finance website that reaches over 350,000 unique visitors annually and has more than 40,000 social media followers. Passionate about finance, reading, cycling, hiking, and travel, he continues to write for several Quebec media outlets to inspire and motivate those who want to take control of their finances.

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