Which card is better: Wealthsimple Visa Infinite + Card or Scotiabank Passport Visa Infinite?

It depends on the rewards you prefer. The Scotiabank Passport Visa Infinite +*MD Card wins for the welcome bonus, annual fee, and airport lounge access. The Wealthsimple Visa Infinite + Card is a better choice if you want simple, automatic 2% flat-rate cash back, with no tracking required.

Does the Wealthsimple Visa Infinite + Card charge foreign transaction fees?

No. The Wealthsimple Visa Infinite + Card does not charge any foreign transaction fees, making it a solid option for Canadians who travel or shop in foreign currencies.

Does the Scotiabank Passport Visa Infinite Card charge foreign transaction fees?

No. The Scotiabank Passport Visa Infinite +*MD Card waives the standard 2.5% foreign transaction fees, making it one of its key advantages for travelers.

Can annual fees be waived on either card?

Yes, on both cards. The Wealthsimple Visa Infinite + Card waives its $240 annual fee if you hold $100,000 in assets with Wealthsimple or make $4,000/month in eligible direct deposits. The Scotiabank Passport Visa Infinite +*MD Card waives its $150 fee with an eligible Scotiabank checking account, such as the Ultimate Package or Preferred Package.

What is the minimum income to be eligible for these cards?

Both cards require a minimum personal income of $60,000 or a household income of $100,000 — standard requirements for Visa Infinite. The Wealthsimple Card also accepts applicants with $250,000 in assets with Wealthsimple or at least $15,000 in annual card spending.

How do Scene+ points work with the Scotiabank Passport Visa Infinite Card?

Scene+ points are generally worth 1 cent each. With the Scotiabank Passport Visa Infinite +*MD Card, you earn up to 4 points per $1 on travel booked via Scene+ Travel, 3 points at Sobeys-affiliated grocers, 2 points on dining, public transit, and entertainment, and 1 point everywhere else. Points can be redeemed for travel, groceries, dining, gift cards, or account credits.

Does the Scotiabank Passport Visa Infinite Card include airport lounge access?

Yes. The Scotiabank Passport Visa Infinite +*MD Card includes 6 complimentary airport lounge accesses per year via DragonPass and the Visa Airport Companion program — a benefit the Wealthsimple Visa Infinite + Card does not offer.

Is the Wealthsimple Visa Infinite + Card available to everyone?

Not yet. The Wealthsimple Visa Infinite + Card is a new product with an active waiting list. There is currently no welcome bonus, but this could change as the waiting list is cleared.