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Wealthsimple Credit Card (Visa Infinite)
cash-back4.4 / 5

Wealthsimple Credit Card (Visa Infinite)

Wealthsimple

Best for

Wealthsimple clients with $100K+ in assets or a switched paycheque who want simple, maximum flat-rate cashback with no FX fees.

Apply on Wealthsimple
Annual fee
$240
FX fee
0%
Purchase APR
20.99%
Income req.
$80,000 personal / $150,000 household
Recommended credit score
725+
Approval difficulty
Hard approval

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
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.
Written by
The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“Wealthsimple Credit Card (Visa Infinite) Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/wealthsimple-credit-card, updated June 2026.

Sources
  • Wealthsimple cardholder agreement and rates & fees disclosure
  • VaultNerd cards database