Simplii Financial Cash Back Visa Card
People who eat out often and want strong no-fee cash back, including newcomers to Canada.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
The 4% restaurant rate is among the best in Canada at any price, never mind free; the annual-only payout and category caps are the main trade-offs.
Reward rates
Restaurants, bars & coffee shops | 4% |
Groceries $15,000 combined annual cap with gas, drugstore and pre-authorized payments | 1.5% |
Gas | 1.5% |
Drugstore purchases | 1.5% |
Pre-authorized payments | 1.5% |
Everything else | 0.5% |
Welcome bonus
Up to 20% cash back - earn up to $100 in your first 3 months
Requirement: Spend up to $500 on eligible gas, grocery and drugstore purchases and pre-authorized payments in the first 3 months
Pros
- Best-in-class 4% dining rate with no annual fee
- Very low $15,000 household income requirement
Cons
- Cash back paid only once a year (January statement)
- 4% dining rate capped at $5,000 annual spend
- Not available to Quebec residents
Perks
- 4% cash back at restaurants, bars and coffee shops - excellent for a no-fee card
- No annual fee for primary and up to 3 additional cards
- Cash back on Global Money Transfers sent abroad
- Available through New to Canada program with up to $10,000 limit
- Real-time fraud alerts and mobile wallet support
Insurance
- Purchase security and extended warranty protection (doubles warranty up to 1 extra year)
Frequently asked questions
Is the Simplii Financial Cash Back Visa Card worth it?
It has no annual fee, and we rate it 3.9 out of 5. It's best suited to people who eat out often and want strong no-fee cash back, including newcomers to Canada. The welcome bonus is worth roughly $100, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Simplii Financial Cash Back Visa Card earn?
It earns 4% on restaurants, bars & coffee shops, 1.5% on groceries and 1.5% on gas.
What credit score do you need for the Simplii Financial Cash Back Visa Card?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. It also lists an income requirement of $15,000 household. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Simplii Financial Cash Back Visa Card Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/simplii-cash-back-visa, updated June 2026.
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