Wealthsimple Cash Card 

Wealthsimple Cash Card 
Welcome Bonus
No Welcome Offer
Annual Fee
$0
  • No Foreign Transaction Fee
  • 1% reward on all purchases
  • Free ATM withdrawals in 100+ countries
Interest rates
Purchase Rates
Cash Advance Rates
Balance Transfer Rates

wealthsimple cash card
Wealthsimple Cash Card
No Welcome Offer
Apply Now

Offer

  • Get 1% cash back on all your purchases
  • Earn cash back or invest your money in an investment account or cryptocurrency of your choice.
  • You can also earn 4% interest on your account balance.
  • Wealthsimple Premium and Generation customers can earn an even higher interest rate of up to 5%.
  • No foreign transaction fees for purchases made in currencies other than the Canadian dollar
  • No annual fee

Fees & Conditions

Annual Fee $0

Earnings

Per dollar of purchases

All Spending 1 %
Groceries 1 %
Gas 1 %
Dining and Food delivery 1 %
Convenience Stores 1 %
Drugstores 1 %
Local Transport 1 %
Travel 1 %
Entertainment 1 %
Recurring Payments 1 %
Telecom/Internet 1 %
Streaming services 1 %
Online transactions 1 %
Office Supplies 1 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
Purchase Protection
Mobile Device Insurance
Price Protection

Our review

With the Wealthsimple Cash Card, you can get a 1% cash back on all your purchases.

In addition to earning cash back, you can invest your money in an investment account or cryptocurrency of your choice. You’ll also earn 4% interest on your Wealthsimple Cash account balance! Wealthsimple Premium and Generation customers can earn up to 5% interest.

What’s more, there are no foreign transaction fees for purchases made in currencies other than the Canadian dollar, and no annual fees.

With the Wealthsimple Cash Card, maximize your finances with no hidden fees.

Alternative Cards

  • No Foreign Transaction Fee
  • Accepted at Costco
  • Prepaid card
Learn More
  • Free withdrawals from any ATM in Canada
  • 0.5% cash back on every purchase
  • Get the same great rate as your Personal Account until you spend
  • No FX fees, monthly fees, or other hidden fees
Annual Fee
  • Primary card $0
  • Additional card
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • %
Interest Rates
  • Purchase Rates
  • Cash Advance Rates
  • Balance Transfer Rates
Earning Rate
  • All Spending0.5%
  • Groceries0.5%
  • Gas0.5%
Value
  • Year 1 $120
  • Year 2+ $120
Best For
Transfer Partners
  • Cash back

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • Prepaid card
  • No Foreign Transaction Fee
  • Accepted at Costco
Learn More
Best Prepaid Credit Card in 2023

Special Offer:

  • Enter the code MILESOPEDIA when you apply for your card
  • Get $20 in your KOHO account after the first purchase within the first 30 days

Features:

  • Earn an extra 1.5% cashback on eating & drinking, billing & services, and groceries on top of minimum 0.25% cash back on all purchases. Plus, up to 50% extra cashback from select merchants.
  • Accepted at Costco
  • Earn 5% interest on both your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice.
  • $9/month or $84 annual/year to unlock the following KOHO Extra account features.
  • No Foreign Exchange fees on any purchases.
  • Also get access to 1 free international ATM withdrawal per month.
  • Credit Building for $7 / month instead of $10
  • Choose from one of five exciting card colours including the exclusive KOHO Extra card design. Receive both a physical and virtual card.
  • Access all the features of a KOHO account such as Card Security, Goals, and RoundUps.
  • Build your credit history with a 6-month Credit Builder program at only $7/month and earn cashback with KOHO Extra Mastercard Prepaid Card
  • Get access to a cash advance of up to $250 at 0% interest with KOHO Cover
Legal

Only the users who successfully register a new KOHO account with the correct link and make their first purchase using their KOHO card within 30 days of registration are eligible for the offer and may claim the one-time $20 bonus in their KOHO account. This offer is non-transferable and may only be used once per person. Offer is not applicable in conjunction with other KOHO offers or promotions. KOHO may, at its sole discretion, suspend, terminate or change the terms and requirements of the offer.

Annual Fee
  • Primary card $84
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 0.00 %
Interest Rates
  • Purchase Rates
  • Cash Advance Rates
  • Balance Transfer Rates
Earning Rate
  • Groceries1.5%
  • Gas1.5%
  • Local Transport1.5%
Value
  • Year 1 $101
  • Year 2+ $81
Best For
Transfer Partners
  • Cash back

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No Foreign Transaction Fee
  • ATM withdrawals in 150+ countries
  • Access to 40+ foreign currencies
Learn More
  • No annual fee
  • Hold and exchange 40+ currencies in your Wise account
  • Spend in 150+ countries, withdraw at 2.3 million ATMs
  • Convert currencies with the mid-market exchange rate and low transparent fees
  • View and manage your account in the Wise app
  • Freeze and unfreeze your card instantly
  • Spend any currency you hold in the account for free when you have enough balance
  • Auto convert feature makes sure you always pay the lowest possible fee when spending currencies you don’t hold in your account
  • Check your currency balances in the app – and get instant transaction notifications for security
  • It’s a debit card, not a credit card – easier to manage your budget without running up debts or incurring credit charges
Annual Fee
  • Primary card $0
  • Additional card
Annual Income Required
  • Individual
  • Household
Conversion fees
  • 0 %
Interest Rates
  • Purchase Rates
  • Cash Advance Rates
  • Balance Transfer Rates
Value
  • Year 1
  • Year 2+
Best For

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No Foreign Transaction Fee
  • Access to VIP Lounges
  • Visa Infinite Benefits
Learn More
Best No-FX Fee Credit Card In 2024
  • Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived*
  • Earn 3x Scene+ points* on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating
    Co-ops and more
  • Earn 2x Scene+ points* for every $1 you spend on other eligible grocery stores, dining, eligible entertainment puchases and eligible daily transit options (including rideshares, buses, subways, taxis and more)
  • Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
  • No Foreign Transaction Fee
  • 6 Complimentary Airport Lounge Access
  • Comprehensive Travel Insurance coverage
  • Visa Infinite* Concierge Services
  • Visa Infinite* Hotel Collection
  • Visa Infinite* Dining and Wine Country program

Rates, fees and other information are effective as of Jan.4, 2024. Subject to change.

Legal

*Conditions apply.

Earning Rate
  • Groceries2Scene+ points
  • Dining and Food delivery2Scene+ points
  • Local Transport2Scene+ points
Value
  • Year 1 $1,093
  • Year 2+ $397
Best For
Transfer Partners
  • Scene+

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$1,000,000
25 day(s)
Travel medical insurance up to 64 years old
$1,000,000
25 day(s)
Travel medical insurance 65+
$1,000,000
3 day(s)
Trip Cancellation Insurance
$1,500
Trip Interruption Insurance
$2,500
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$1,000
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
$1,000
4 Milesopedia Rating