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Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version)

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Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version)
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Exciting news! Wealthsimple Visa Infinite and Wealthsimple Visa Infinite Privilege cardholders can now take advantage of cash back boosts at participating merchants directly through the Wealthsimple app. This new feature is currently available in beta.

Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version) - Wealthsimple 1024x538 04

A New Way to Maximize Your Cash Back

Wealthsimple has just announced a major improvement for holders of the Wealthsimple Visa Infinite Card and the Wealthsimple Visa Infinite Privilege Card. From January 19 to February 19, 2025, eligible clients can activate enhanced cash back offers, called cash back boosts, directly within 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).

A New Way to Maximize Your Cash Back

Simple Activation in the App

To Take Advantage of These Exclusive Offers:

  1. Open the Wealthsimple app
  2. Navigate to the cash back offers section
  3. Activate your chosen offer before making your purchase
  4. Pay with your Wealthsimple Visa Infinite card at the participating merchant
  5. The cash back boost will be credited automatically once the transaction is settled.

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.

Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version) - wealthsimple cash back 1
Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version) - wealthsimple cash back 2
Wealthsimple Visa Infinite: New Cash Back Boosts (Beta Version) - wealthsimple cash back 3

Stacking of Cash Back and Ongoing Offers

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:

  • 10% at Turo
  • 4% at Patagonia
  • 7% at Hotels.com
  • 3% at Walmart
  • 6% at Dyson
  • 4% at GAP
  • 5% at Aesop
  • 4% at SONOS
  • 4% at Simons
  • 5% at Chewy
  • 4% at Audible

Wealthsimple Visa Infinite – Benefits

Beyond this new feature, the Wealthsimple Visa Infinite Card remains one of the most competitive options in the Canadian market:

Generous Cash Back

  • 2% cash back on all eligible purchases
  • No restrictive categories or monthly limits
  • Automatic deposit of cash back into your Wealthsimple checking account

Benefits for Travellers

  • 0% foreign transaction fees on foreign currency transactions
  • Comprehensive travel insurance included with Visa Infinite privileges
  • Recognized international protection

Flexible Fees

  • $20 per month ($240 billed annually for Quebec residents)
  • Free for Premium clients (Advantage and Generation)
  • Free with monthly direct deposit of an eligible payroll

Wealthsimple Visa Infinite – Eligibility Criteria

The card is now accessible to all eligible Canadians, without a waiting list. Standard income criteria for a Visa Infinite card apply:

  • $60,000 personal income or;
  • $100,000 family income.

An active Wealthsimple checking account is required to receive cash back and manage card payments.

Exclusive

Wealthsimple Visa Infinite+ Card

WealthsimpleCash Back
Annual fee
$240
Our valuation
$500
Milesopedia first-year estimateFirst-year valueWelcome bonus$500Total$500Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $500
Apply Now

on Wealthsimple's website

Exclusive welcome offer: earn up to $500 cash back on your first $10,000 in purchases during the 30 days after approval, for 5% cash back (2% base + 3% boost).

Purchases in the first 30 daysBase cash back (2%)Boost (3%)Total cash back (5%)
$2,500$50$75$125
$5,000$100$150$250
$10,000$200$300$500

The 3% boost only applies to the first $10,000 in net purchases during the 30 days after approval; beyond that, purchases earn the standard 2%. The card must stay open for 180 days after the boosted period.

With the Wealthsimple Visa Infinite + Card, earn 2% cash back on all your purchases, with no categories to track and no cap.

In addition, there are no foreign exchange fees on any purchase made in a currency other than the Canadian dollar, and no annual fee if you hold more than $100,000 in assets with Wealthsimple, or if you transfer the direct deposit of an eligible payroll to Wealthsimple.

To be eligible for this card, you must meet one of the following: a personal income of at least $80,000, a household income of at least $150,000, a minimum annual spend of $25,000, or at least $300,000 in assets with Wealthsimple.

Some travel insurance is not currently offered to Quebec residents.

Legal

Annual Fee Waiver

The Annual Fee (“Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card (“Card”) is $240 and is charged monthly at $20. The monthly fee is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a month thereafter, unless this Fee is waived. Waiving the Fee is a promotional offer (“Fee Waiver Offer”) and requires clients to meet specific criteria to qualify and continue having the Fee waived. The Card Fee is automatically waived for any client with a Premium or Generation status, and the Fee will continue to be waived so long as that status is maintained. The Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Wealthsimple Chequing Account (“Chequing Account”) within the preceding 30-days. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client doesn’t make a Qualifying Deposit, or if a Premium or Generation client cannot maintain their status and becomes a Core client without a Qualifying Deposit, the monthly fee of $20 will be added to their next statement and continue to be charged until a Qualifying Deposit is confirmed.

For residents of Quebec: The Quebec Annual Fee (“Annual Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card is $240 and is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a year thereafter. Waiving the Fee is a promotional offer (“Quebec Fee Waiver Offer”) and requires clients to meet specific criteria to qualify. The Annual Fee is automatically waived for any client with Premium or Generation status at the time the Card is issued. If a Core client obtains Premium or Generation status after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current twelve (12) month period, which starts on the anniversary of the Card issuance date (“Card Year”) from the month eligibility is obtained ($20 per month). The Quebec Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Chequing Account within the 30-days preceding the time the Card is issued. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client starts making Qualifying Deposits after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current Card Year from the month eligibility is obtained ($20 per month).

Credit Card Rewards (Cashback Offer)

The cash back promotional offer (“Cashback Offer”) is valid for new and existing users of the Card. The 2% earn rate, which may be subject to change, applies to purchases, excluding cash-like transactions, refunds, any applicable fees and adjustments (“Qualified Spend”). Cash back credits are earned on Qualified Spend only. You may redeem your cash back as soon as the Qualified Spend transaction is settled or up to 10 years after the Qualified Spend transaction is settled. Cash back can be redeemed directly in the app. Cash back can only be deposited into your Wealthsimple chequing, TFSA, RRSP, or non-registered accounts. There is no minimum amount needed to redeem. If a refund is processed after the Cash back credit is redeemed, the amount will be deducted from your rewards balance.

General Terms and Conditions

Wealthsimple Payments Inc. (“Wealthsimple”) reserves the right to amend, withdraw or restrict the Fee Waiver Offer or the Cashback Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the eligibility criteria, and any other issue arising in connection with the Fee Waiver Offer or the Cashback Offer. If Wealthsimple suspects fraud or abuse, system manipulation, or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account in question and take any other action it deems appropriate, including the termination of the card in question. An invitation to participate in the Fee Waiver Offer or the Cashback Offer does not constitute a guarantee that the recommended person will be accepted as a Wealthsimple client. The Fee Waiver Offer and the Cashback Offer are only available to individuals residing in Canada who meet Wealthsimple’s eligibility criteria. The Wealthsimple Visa Infinite +* Credit Card is issued under license by Wealthsimple Payments Inc. * Trademark of Visa Int., used under license.

Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple’s page for more details.

Terms and conditions apply. For the latest product details, please visit Wealthsimple.com.

Annual fee

Primary card$240
Additional card$0

Annual income required

Individual$80,000
Household$150,000

Conversion fees

0%

Earning rate

  • 2xAll spending

Value

1st Year Value$800
2nd Year Value$240

Travel insurance

Travel medical (under 55)Up to $2,000,000 / 14 days
Travel medical (55-64)Up to $2,000,000 / 14 days
Trip CancellationUp to $1,000
Trip InterruptionUp to $1,000
Delayed BaggageUp to $500
Lost BaggageUp to $749

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000

Other Wealthsimple Products

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, Wealthsimple Trade (formerly 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:

Conclusion

With the addition of enhanced cash back 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%, the absence of foreign transaction fees, and now bonuses of up to 10% at select merchants, it positions itself as an essential choice to maximize your daily 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.

Exclusive

Wealthsimple Visa Infinite Privilege Card

WealthsimpleCash Back
Annual fee
$240
Our valuation
$500
Milesopedia first-year estimateFirst-year valueWelcome bonus$500Total$500Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $500
Apply Now

on Wealthsimple's website

Exclusive welcome offer: earn up to $500 cash back on your first $10,000 in purchases during the 30 days after approval, for 5% cash back (2% base + 3% boost).

Purchases in the first 30 daysBase cash back (2%)Boost (3%)Total cash back (5%)
$2,500$50$75$125
$5,000$100$150$250
$10,000$200$300$500

The 3% boost only applies to the first $10,000 in net purchases during the 30 days after approval; beyond that, purchases earn the standard 2%. The card must stay open for 180 days after the boosted period.

With the Wealthsimple Visa Infinite Privilege Card, get 2% cash back on all your purchases, with no annual limit.

In addition, there are no foreign exchange fees for any purchase made in a currency other than the Canadian dollar and no annual fees if you hold more than $100,000 in assets with Wealthsimple, or if you transfer direct deposit of an eligible payroll to Wealthsimple.

Some travel insurance is not currently offered to Quebec residents.

Legal

Annual Fee Waiver

The Annual Fee (“Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card (“Card”) is $240 and is charged monthly at $20. The monthly fee is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a month thereafter, unless this Fee is waived. Waiving the Fee is a promotional offer (“Fee Waiver Offer”) and requires clients to meet specific criteria to qualify and continue having the Fee waived. The Card Fee is automatically waived for any client with a Premium or Generation status, and the Fee will continue to be waived so long as that status is maintained. The Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Wealthsimple Chequing Account (“Chequing Account”) within the preceding 30-days. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client doesn’t make a Qualifying Deposit, or if a Premium or Generation client cannot maintain their status and becomes a Core client without a Qualifying Deposit, the monthly fee of $20 will be added to their next statement and continue to be charged until a Qualifying Deposit is confirmed.

For residents of Quebec: The Quebec Annual Fee (“Annual Fee”) for the Wealthsimple Visa Infinite* or Wealthsimple Visa Infinite Privilege* credit card is $240 and is charged when the Card is issued (regardless of activation) and is billed to the first statement and once a year thereafter. Waiving the Fee is a promotional offer (“Quebec Fee Waiver Offer”) and requires clients to meet specific criteria to qualify. The Annual Fee is automatically waived for any client with Premium or Generation status at the time the Card is issued. If a Core client obtains Premium or Generation status after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current twelve (12) month period, which starts on the anniversary of the Card issuance date (“Card Year”) from the month eligibility is obtained ($20 per month). The Quebec Fee Waiver Offer is also available to Core clients who direct deposit at least $4,000 per month into their Chequing Account within the 30-days preceding the time the Card is issued. Only direct deposits classified by Payments Canada as pre-authorized transactions with transaction codes ranging from 200 to 207, 310, 311, and 318 would be considered eligible. (“Qualifying Deposit”). If a Core client starts making Qualifying Deposits after the Annual Fee has been applied, a prorated refund will be issued for the number of months remaining in the current Card Year from the month eligibility is obtained ($20 per month).

Credit Card Rewards (Cashback Offer)

The cash back promotional offer (“Cashback Offer”) is valid for new and existing users of the Card. The 2% earn rate, which may be subject to change, applies to purchases, excluding cash-like transactions, refunds, any applicable fees and adjustments (“Qualified Spend”). Cash back credits are earned on Qualified Spend only. You may redeem your cash back as soon as the Qualified Spend transaction is settled or up to 10 years after the Qualified Spend transaction is settled. Cash back can be redeemed directly in the app. Cash back can only be deposited into your Wealthsimple chequing, TFSA, RRSP, or non-registered accounts. There is no minimum amount needed to redeem. If a refund is processed after the Cash back credit is redeemed, the amount will be deducted from your rewards balance.

General Terms and Conditions

Wealthsimple Payments Inc. (“Wealthsimple”) reserves the right to amend, withdraw or restrict the Fee Waiver Offer or the Cashback Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the eligibility criteria, and any other issue arising in connection with the Fee Waiver Offer or the Cashback Offer. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the applicable Wealthsimple account and take any other action it deems appropriate including, but not limited to, canceling the applicable Card. An invitation to participate in the Fee Waiver Offer or the Cashback Offer does not provide assurance that the referred customer will be accepted as a customer of Wealthsimple. Both the Fee Waiver Offer and the Cashback Offer are only valid for individuals in Canada that otherwise meet Wealthsimple’s eligibility requirements. The Wealthsimple Visa Infinite Privilege* Credit Card is issued under license by Wealthsimple Payments Inc. * Trademark of Visa Int., used under license.

Wealthsimple is not responsible for maintaining the accuracy of information on this website. Refer to Wealthsimple’s page for more details.

Terms and conditions apply. For the latest product details, please visit Wealthsimple.com.

Annual fee

Primary card$240
Additional card$0

Annual income required

Individual$150,000
Household$200,000

Conversion fees

0%

Earning rate

  • 2xAll spending

Value

1st Year Value$800
2nd Year Value$480

Card benefits

Airport lounge access$240

Travel insurance

Travel medical (under 55)Up to $2,000,000 / 14 days
Travel medical (55-64)Up to $2,000,000 / 14 days
Trip CancellationUp to $1,500
Trip InterruptionUp to $1,500
Delayed BaggageUp to $1,000
Lost BaggageUp to $1,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000
Auto Rental Collision (primary)Included

Conclusion

How much cash back can I earn with the Wealthsimple card’s cash back boosts?

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).

How do I activate cash back boosts on my Wealthsimple Visa Infinite Card?

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.

Do cash back boosts apply to all my purchases at a participating merchant?

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.

How much does the Wealthsimple Visa Infinite card cost and how can I avoid fees?

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.

When and how can I use my accumulated cash back?

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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American ExpressMarriott Bonvoy
Annual fee
$120
Our valuation
$990
Milesopedia first-year estimateFirst-year valueWelcome bonus$990Total$990Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to 110,000 points
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This offer ends on September 22, 2026. The annual fee is $120, and there is no annual fee on Additional Cards, so you can add a partner or a family member at no extra cost.

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The Card also gives you 15 Elite Night Credits each calendar year and automatic Marriott Bonvoy Silver Elite status. Those credits count toward the next Elite tier, so you begin every year 15 nights ahead of where you would otherwise start.

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Marriott Bonvoy points are generally valued at 0.9 cents each. On that basis, the 110,000 point welcome offer is worth about $990, and an Annual Free Night Award used at its full 35,000 point ceiling is worth about $315.

Marriott Bonvoy points pull their weight on free nights rather than on gift cards or merchandise, which is why this Card should be judged on the hotel stays it produces.

You earn 5 points per dollar on eligible purchases at participating Marriott Bonvoy hotels and 2 points per dollar on all other purchases. Points can be redeemed for free nights with no blackout dates at more than 7,000 hotels around the world.

The Card carries a solid package of coverages: $500,000 travel accident insurance, flight delay, baggage delay, lost or stolen baggage and hotel or motel burglary at $500 each, car rental theft and damage up to $85,000 for rentals of up to 48 days, Purchase Protection for 90 days and a one year Extended Warranty.

Two things to plan around: the 2.5% foreign transaction fee on purchases made in a foreign currency, and the 21.99% purchase interest rate, which makes this a Card to pay in full every month. Like all American Express Canada Cards, no minimum income is published for this Card, and you can see whether you would be approved before you apply, with no impact on your credit score.

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American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Annual fee

Primary card$120
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 5xMarriott Bonvoy hotels
  • 2xAll spending

Value

1st Year Value$1,437
2nd Year Value$312

Travel insurance

Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Hotel BurglaryUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Auto Rental Collision (primary)Up to $85,000 / 48 days

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Our reviews and rankings are based on an objective assessment. Advertisers do not influence our content. We may receive compensation through some links; our analysis and opinions remain independent.