Wealthsimple Visa Infinite Card
Last updated:
No annual fee
5% cashback for 30 days
Earn 5% cashback on up to $10,000 in purchases for the first 30 days after activation.
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Key Details
Annual Fee
$0
Network
visa
Credit Required
good, excellent
Reward Type
cashback
Rewards Earn Rates
2x
Groceries
2x
Gas
2x
Dining
2x
Travel
2x
Everything Else
Highlights
- 2% unlimited cashback on all purchases
- No foreign transaction fees
- No annual fee with qualifying direct deposit or $100K+ at Wealthsimple
- Up to 10% cashback boosts at select merchants
Pros & Cons
Pros
- + 2% flat cashback on everything is best-in-class
- + No foreign transaction fees
- + No annual fee for qualifying clients
- + Cash back boosts at participating merchants
Cons
- – Need $100K+ assets or direct deposit to waive monthly fee
- – Visa Infinite requires $60K personal or $100K household income
- – Relatively new product, still evolving features
- – No travel insurance included
Who Is This Card For?
The Wealthsimple Visa Infinite Card is best suited for Canadians who prioritize cashback, no-fee, online-shopping spending. With no annual fee, it's an excellent choice for anyone who wants rewards without ongoing costs.
Benefits Breakdown
No FX Fees
Ways to Reduce the Annual Fee
- Monthly fee is waived with $100K+ in Wealthsimple assets
- Fee is also waived when you set up qualifying direct deposit
- Refer friends to Wealthsimple to earn bonus cash
Multi-Card Strategy
Wealthsimple Visa Infinite provides 2% flat cashback everywhere. Pair with a card that has higher category bonuses (like Amex Cobalt for 5% dining/groceries) and use Wealthsimple as your catch-all card for non-bonus spending.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.