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The Wealthsimple Visa Infinite Card is a cash back card for Canadian residents who want to earn 2% on all purchases and 0% foreign currency conversion fees. It is available in two versions, Visa Infinite and Visa Infinite Privilege, with significant differences in travel insurance and premium benefits.
Accessible to eligible Wealthsimple clients, this card integrates with the company’s ecosystem, including the checking account and the investment platform. Annual fees may be waived depending on your status, and the application is entirely online.
But is it really one of the best cash back credit cards in Canada in 2026? And most importantly, which version should you choose between Wealthsimple Infinite vs Infinite Privilege? Here is our full Review.
The Wealthsimple Visa Infinite Card is for those seeking a simple and consistent cash back credit card, without categories or restrictions.
To be eligible, you must:
The application is made entirely via the Wealthsimple app. A waiting list may apply.
Monthly fees are $20, billed annually for Quebec residents, but may be waived if you are an Advantage or Generation client, or if you have an eligible direct payroll deposit.
This premium card offers Visa Infinite privileges and is managed entirely via the Wealthsimple app.
Here are the elements that truly distinguish the Wealthsimple credit card and influence its profitability:
The Wealthsimple Visa Infinite credit card stands out for its simplicity and 2% cash back on all purchases, with no categories or caps. You earn the same cash back on your daily expenses, travel, and international purchases, which simplifies reward management.
It charges no foreign currency conversion fees, a significant advantage for Canadians who travel regularly.
The card also includes comprehensive travel insurance: trip cancellation or interruption, delayed or lost baggage, and emergency medical coverage. The maximum coverage differs by version: $1M for Visa Infinite and $2M for Visa Infinite Privilege, which illustrates the main difference between the two cards (Wealthsimple Infinite vs Infinite Privilege).
As a Visa Infinite card, it offers access to complimentary concierge service, exclusive offers at partner hotels and restaurants, and other premium privileges.
Finally, if you hold a premium Wealthsimple account (Advantage or Generation status) or set up an eligible direct payroll deposit, your annual fees may be fully waived, making this card very competitive in Canada.
Some travel insurance policies are not offered to Quebec residents.
Both cards offer unlimited 2% cash back on all purchases and 0% foreign exchange fees. However, the Wealthsimple Visa Infinite Privilege Card offers more comprehensive insurance for frequent travelers.
While the Wealthsimple Visa Infinite credit card offers solid benefits, some aspects warrant your attention.
Despite these points, the card remains attractive for those seeking simple and consistent cash back on all purchases, as well as centralized management within the Wealthsimple digital ecosystem.
If the Wealthsimple Visa Infinite Card does not perfectly meet your needs, several other options can be considered in Canada.
If you are looking for a credit card offering good cashback by category, several options stand out:
Tip: Consult our comparison of the best cashback credit cards to find the one that matches your profile.
For travelers, cards with no foreign currency conversion fees are very advantageous:
Tip: Discover our guide on the best no foreign transaction fee cards to compare their benefits.
The Wealthsimple Visa Infinite Card stands out for its simplicity: 2% cash back on all purchases, with no categories and no cap, as well as no conversion fees. For travelers and foreign currency shoppers, this advantage alone can represent significant annual savings.
Both versions, Visa Infinite and Visa Infinite Privilege, offer the same reward structure. The difference lies mainly in travel insurance and premium benefits, which are more comprehensive with the Privilege version.
Thus, if you are already a Wealthsimple client or wish to centralize your finances within a digital ecosystem, this card can be particularly attractive. The potential waiver of annual fees depending on your status also enhances its competitiveness.
In summary, the Wealthsimple credit card is a simple, efficient, and competitive cash back card in Canada. The choice between Wealthsimple Infinite vs Infinite Privilege will primarily depend on your traveler profile and your relationship with Wealthsimple.
Wealthsimple is a Canadian company offering investment services, digital bank accounts, and Visa Infinite credit cards.
Yes. Wealthsimple is a regulated Canadian company operating across Canada.
Yes, unless you meet certain conditions, such as an eligible direct deposit or $100,000 in assets (premium client).
You can transfer your funds to an external account or make payments via Visa networks.
The cash back rates are identical. The Privilege card adds enhanced travel insurance and certain premium benefits.
Terms and conditions apply. For the most up-to-date product details, please visit Wealthsimple.com.
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