Simplii Financial Cash Back Visa Card
Simplii Financial
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)
Researching and writing about Canadian credit cards and rewards since 2026.
“Simplii Financial Cash Back Visa Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/simplii-cash-back-visa, updated June 2026.
- Simplii Financial cardholder agreement and rates & fees disclosure
- VaultNerd cards database