The Wealthsimple Visa Infinite Card is increasingly attracting the attention of Canadian consumers. This premium credit card combines simplicity, performance, and travel benefits.
Still offered in limited quantities, it is only accessible via a waitlist. Wealthsimple, well-known for its all-in-one investment platform and its high-interest checking account, seeks to redefine the premium credit card.
Since October 2025, its monthly fees have increased to $20 per month (or $240 per year). However, it now includes comprehensive travel insurance. Furthermore, Wealthsimple “Premium” and “Generation” clients are exempt from these fees.
In this article, we analyze its features, benefits, limitations, and main alternatives.
Wealthsimple recently announced the upcoming arrival of an even more exclusive card: the Wealthsimple Visa Infinite Privilege Card. This version will offer enhanced benefits aimed at high-income clients.
The Wealthsimple Visa Infinite Card is for those looking for a simple and consistent cashback credit card, without categories or restrictions.
To be eligible, you must:
The card is distributed via a waitlist that you can sign up for from the Wealthsimple mobile app.
Its cost is set at $20 per month (billed annually for Quebec residents), but it can be waived if you are a premium Wealthsimple client (Premium or Generation clients).
This premium card combines Visa Infinite privileges and the Wealthsimple digital ecosystem, fully accessible from the mobile app.
Here’s what distinguishes the Wealthsimple Visa Infinite credit card:
Simplicity is the watchword of the Wealthsimple Visa Infinite Card (as with all their products and services). Unlike many competitors, it does not rely on spending categories. Thus, you benefit from the same rate of 2% cashback on your daily spending, your travel, and your international purchases. This reward structure is ideal for those who don’t want to juggle multiple cards.
Furthermore, the absence of foreign currency conversion fees places it among the best cards in Canada for travelers. In addition, the card now includes comprehensive travel insurance, including for cancellation, baggage, and medical insurance (maximum coverage of $1M).
As a Visa Infinite card, it also provides access to free concierge service, exclusive offers at partner hotels and restaurants, and a premium customer experience.
Finally, if you hold a premium Wealthsimple account (Premium or Generation clients) or if you set up an eligible direct payroll deposit, your annual fees will be waived, making this card extremely competitive.
Although the Wealthsimple Visa Infinite Card offers strong benefits, it is not perfect.
Firstly, the monthly cost of $20 ($240 per year) may deter users who spend little or who prefer a card with no annual fees. Unless you get the waiver, you need to generate at least $12,000 in annual purchases to make the fees worthwhile.
Secondly, the card remains available only on a waitlist, which may delay your enrollment. Also, you can only pay your credit card balance from a Wealthsimple checking account.
Some travel insurance policies also have limitations for Quebec residents, an important nuance to verify before relying on them.
Finally, there is currently no welcome bonus, unlike several competing cards.
However, if you prioritize simplicity and a uniform cashback rate on all your purchases, these drawbacks remain secondary.
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 is a premium card that focuses on simplicity, transparency, and universal value.
With 2% cashback on all purchases, no foreign transaction fees, and robust travel insurance, it competes with the best cards in Canada. Its monthly cost of $20 may seem high, but it becomes justified for Wealthsimple clients or those with high spending.
If you are looking for a unique, modern, and comprehensive card, the Wealthsimple Visa Infinite credit card is an option to seriously consider.
You must sign up for the Wealthsimple waitlist and meet the income and eligibility criteria.
Yes, it costs $20 per month ($240 per year). However, these fees are waived for Wealthsimple Premium or Generation clients or with an eligible direct payroll deposit.
The card includes travel and purchase insurance, depending on the province of residence.
Yes, it charges no foreign transaction fees and offers several useful travel protections.
Yes, if you spend a lot, travel often, or hold a Wealthsimple Premium or Generation account.
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