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Exciting news! Wealthsimple Visa Infinite and Wealthsimple Visa Infinite Privilege cardholders can now enjoy cash back boosts at participating merchants through the Wealthsimple app. This new feature is currently available in beta.
Wealthsimple has just announced a major upgrade for Wealthsimple Visa Infinite and Wealthsimple Visa Infinite Privilege cardholders. From January 19 to February 19, 2025, eligible clients can activate cash back boosts directly in the Wealthsimple app.
These exclusive offers let you earn additional cash back boosts ranging from 1% to 10% at participating merchants, which are added to the base 2% cash back on all purchases. For example, a $100 purchase at a merchant offering an 8% cash back boost would earn you $10 in total ($2 base cash back plus $8 from the cash back boost).
To Take Advantage of These Exclusive Offers:
The offers are funded directly by participating merchants and have their own terms and conditions, including possible exclusions on certain products such as gift cards.
A notable advantage: enhanced cash back offers stack with any existing promotion. If you’re already benefiting from an increased cash back offer on your card, this new promotion will apply on top, further maximizing your savings.
Here are the enhanced cash back offers available at the time of writing this article:
Beyond this new feature, the Wealthsimple Visa Infinite Card remains one of the most competitive options in the Canadian market:
The card is now accessible to all eligible Canadians, without a waiting list. Standard income criteria for a Visa Infinite card apply:
An active Wealthsimple checking account is required to receive cash back and manage card payments.
Wealthsimple is one of the best platforms for online investments in Canada. It offers a wide variety of investments in registered and non-registered accounts, such as managed investing, self-directed investing, a cryptocurrency trading platform, and private investments. Also, Wealthsimple offers a high-interest checking account, a savings account, tax filing software (Wealthsimple Tax), and more.
Find our review of Wealthsimple and their complete range of financial products and services in this guide:
With the addition of cash back boosts at participating merchants, the Wealthsimple Visa Infinite Card and the Wealthsimple Visa Infinite Privilege Card become even more attractive. Combining a competitive base cash back rate of 2%, no foreign exchange fees, and now cash back boosts of up to 10% at select merchants, it stands out as a top choice for maximizing your everyday rewards.
The general availability of the card, without a waiting list, allows all eligible Canadians to immediately benefit from these advantages. For existing Wealthsimple clients who already use investment services or the checking account, the seamless integration makes the experience even more appealing.
You can earn between 1% and 10% additional cash back at participating merchants, which is added to the base 2%. For example, a $500 purchase with an 8% offer would earn you a total of $50 ($10 base cash back + $40 cash back boost).
Open the Wealthsimple app, go to the cash back offers section, select your desired offer, and activate it before making your purchase. The offer will remain active for the period specified in the app.
No, some exclusions may apply depending on the merchant’s terms and conditions. Gift cards, refunds, and certain specific products may be excluded. Be sure to review the details of each offer in the app.
The card costs $20 per month ($240 annually in Quebec), but it’s free for Premium clients or for those who deposit an eligible paycheque into their Wealthsimple chequing account.
Cash back rewards can be used as soon as the transaction is settled and remain valid for 10 years. You can transfer your rewards to your Wealthsimple accounts (chequing, TFSA, RRSP, or non-registered) directly in the app, with no minimum amount required.
Terms and conditions apply. For the most up-to-date product details, please visit Wealthsimple.com.
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