Wealthsimple Credit Card (Visa Infinite)
Wealthsimple clients with $100K+ in assets or a switched paycheque who want simple, maximum flat-rate cashback with no FX fees.
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
For embedded Wealthsimple clients, this is one of Canada's best cards: 2% on everything, no FX fees, and premium Visa Infinite perks at effectively zero cost. Less attractive if you can't waive the monthly fee.
Reward rates
All purchases Flat 2% on everything, no categories or caps; boosted cashback at select partners via the app | 2% |
Pros
- 2% on everything plus 0% FX fees is a rare combination
- Fees fully waivable through assets or direct deposit
- Canada's only Visa Infinite Privilege cashback card for qualifying clients
Cons
- $20/month fee if you don't qualify for the waiver
- Requires an active Wealthsimple chequing account; balance payable only from it
- Limited availability; qualifying applicants may still not get a card
Perks
- Flat 2% cashback on everything with 0% foreign transaction fees
- Metal card for clients with $100,000+ in assets
- Cashback can be redeemed into any Wealthsimple account and earn interest
- No tap limit on the virtual card
- Visa Infinite Privilege tier (1,200+ lounges, rental car coverage, flight delay up to $1,000) for clients with $150k income, $400k assets, or $50k annual spend
- Boosted cashback offers at partners like Walmart, Hotels.com, and Patagonia
Insurance
- Travel emergency medical
- Trip cancellation
- Delayed and lost baggage
- Mobile device insurance (up to $1,000)
- Purchase protection (90 days)
- Extended warranty (doubles manufacturer's period)
- Visa Zero Liability
Frequently asked questions
Is the Wealthsimple Credit Card (Visa Infinite) worth it?
It charges a $240 annual fee, and we rate it 4.4 out of 5. It's best suited to wealthsimple clients with $100K+ in assets or a switched paycheque who want simple, maximum flat-rate cashback with no FX fees. 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 Wealthsimple Credit Card (Visa Infinite) earn?
It earns 2% on all purchases.
What credit score do you need for the Wealthsimple Credit Card (Visa Infinite)?
We'd suggest a score of around 725 or higher, which puts approval in our "hard" band. It also lists an income requirement of $80,000 personal or $150,000 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
“Wealthsimple Credit Card (Visa Infinite) Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/wealthsimple-credit-card, updated June 2026.
- Wealthsimple cardholder agreement and rates & fees disclosure
- VaultNerd cards database