Wealthsimple Visa Infinite+ Credit Card Review
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Cash-back on everything.
The Wealthsimple Visa Infinite+ Credit Card is one of Canada’s strongest flat-rate cash-back cards if you can avoid the fee. You’ll earn 2% cash back on eligible purchases, pay no foreign transaction fees and get flexible cash redemption into Wealthsimple accounts. But the card is much less compelling if you’ll pay the $240 annual fee or don’t want to use Wealthsimple chequing. Best for: Wealthsimple clients who qualify for the fee waiver and want simple 2% cash back without tracking bonus categories.
Pros
- Earn 2% cash back on eligible purchases.
- No foreign transaction fees.
- Fee can be waived.
- Cash back can be deposited into eligible Wealthsimple accounts.
Cons
- $240 annual fee if you don’t qualify for the waiver.
- High eligibility requirements.
- No traditional welcome bonus.
- Earn 2% cash back on eligible purchases.
- $20 monthly fee, waived if you individually hold at least $100,000 in eligible Wealthsimple assets or net deposits, or direct deposit at least $4,000 every 30 days to a Wealthsimple chequing account.
- No foreign transaction fees.
- Metal cards available to premium clients.
- No tap limits for mobile payments.
- Purchase protection and extended warranty included.
- Mobile phone coverage up to $1,000, covering repair or replacement.
- 24/7 concierge.
- Visa Infinite perks and benefits.
- Credit card balance can currently only be paid from Wealthsimple chequing.
- You also need to have an active Wealthsimple chequing account before you apply.
- You must be a Canadian resident, the age of majority in the province or territory they reside in, and have a personal income of at least $80,000, household income of at least $150,000, $300,000 in total savings and investments, or $25,000 in annual card spend.
Is the Wealthsimple Visa Infinite+ worth it?
BACK TO TOPThe Wealthsimple Visa Infinite+ Credit Card is worth it if you can get the fee waived without making setup feel like a chore.
There are a few hurdles to clear first. To qualify for the card, you must meet at least one of the following requirements:
$80,000 in personal income.
$150,000 in household income.
$300,000 in total savings and investments.
$25,000 in annual credit card spend.
You also need an active Wealthsimple chequing account to apply. And for now, the card balance can only be paid from Wealthsimple chequing.
Then there’s the fee. The card costs $20 per month, or $240 per year, unless you qualify for a waiver. To get the fee waived, you must either:
Individually hold at least $100,000 in eligible Wealthsimple assets or net deposits, or
Make direct deposits of at least $4,000 every 30 days into Wealthsimple chequing.
That’s why this card makes the most sense for people who already use Wealthsimple, already keep meaningful assets there or are comfortable making Wealthsimple more of their financial home base.
If that’s you, the payoff is strong: 2% cash back on eligible purchases, no foreign transaction fees and flexible redemptions into eligible Wealthsimple accounts.
If not, the math gets less friendly. At 2% cash back, you’d need to spend $12,000 just to earn back the $240 annual fee. And breaking even is not the same as beating a cash-back card with no annual fee.
Bottom line: the Wealthsimple Visa Infinite+ is an excellent perk for Wealthsimple clients. If you don’t already banking with Wealthsimple, or aren’t interested in moving your money, the perks probably aren’t worth the homework.
Something to consider: Choosing where to park your money is an important decision. Check out our list of best chequing accounts to see which one fits your needs.
Where the Wealthsimple Visa Infinite+ shines
BACK TO TOPThe best thing about this card is that it does not make rewards complicated.
A flat 2% cash-back rate is useful for spending that does not fit neatly into bonus categories, like travel, bills, home repairs or general everyday purchases. You don’t have to remember which card earns more at which store or whether a purchase counts as groceries, dining or something else.
No foreign transaction fees also make the card more useful for travel and online shopping in foreign currencies. You’ll still pay the payment network’s exchange rate, but Wealthsimple doesn’t add its own FX fee.
This card may be a good fit if you:
Can qualify for the fee waiver.
Want simple 2% cash back.
Spend heavily outside common bonus categories.
Travel or shop in foreign currencies.
Prefer cash back over points.
Don’t want your best redemption value tied to Rogers, Fido or Shaw bills.
Where the Wealthsimple Visa Infinite+ falls short
BACK TO TOPThe fee is the obvious drawback. If you don’t qualify for the waiver, the card has to work much harder to beat a no-fee cash-back card, so compare no-fee options first.
The setup is the other catch: you need Wealthsimple chequing to apply, and you have to pay the card from that account. That may be fine for existing Wealthsimple clients, but it adds friction for someone who just wants a cash-back card.
The card also skips a few things some people expect from a premium card: no traditional welcome bonus, no supplementary cardholders at this time and no lounge access on the Visa Infinite+ version.
This card may not be right if you:
Won’t qualify for the fee waiver.
Don’t want to use Wealthsimple chequing.
Want to pay your card statement from another bank.
Are a Rogers, Fido or Shaw customer who can get stronger no-fee value from Rogers.
Want a large welcome bonus.
Need supplementary cardholders.
Want lounge access from a standard Visa Infinite card.
What about the Wealthsimple Visa Infinite Privilege Credit Card?
BACK TO TOPThe Wealthsimple Visa Infinite Privilege Credit Card is the premium version of Wealthsimple’s 2% cash-back card. It has the same core appeal as the Visa Infinite+: 2% cash back, no foreign transaction fees and a waivable $240 annual fee.
The difference is the benefits package: the Infinite Privilege card adds premium travel perks, including access to airport lounges, but has higher eligibility requirements: $150,000 personal income, or $200,000 household, is required.
That makes it better for higher-income, higher-asset or higher-spend Wealthsimple clients who will actually use the extras. If you only care about 2% cash back, the Visa Infinite+ may be enough.
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Alternatives to the Wealthsimple Visa Infinite+
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Unlimited cash back on all eligible purchases made in U.S. dollars.
Unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw. Otherwise, earn 1.5% unlimited cash back on eligible non-U.S. dollar purchases.
The Rogers Red World Elite® Mastercard® is a no-fee card with an easy-to-understand cash-back rewards program with an accelerated earn rate on U.S. dollar purchases. And unlike some no-fee cards, it still offers valuable perks for those who like to travel.
Pros
- Rewards are easy to understand, $1 in cash-back rewards = $1 toward an eligible purchase or bill credit, and you can redeem rewards instantly using the Rogers Bank app.
- Attractive travel benefits are included, like access to over 1,300 DragonPass airport lounges and several types of travel insurance.
Cons
- Travel insurance isn't comprehensive.
- Missing some travel perks like priority boarding and free checked bags.
- Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw.
- Otherwise, earn 1.5% unlimited cash back on eligible non-U.S. dollar purchases.
- Earn 3% unlimited cash back on all eligible purchases made in U.S. dollars.
- Get 5 Roam Like Home days at no cost every year for Rogers mobile plans (up to $80 value).
- 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases.
- No Annual Fee.
- Complimentary membership to Mastercard Travel Pass provided by DragonPass – Access to over 1,300 airport lounges worldwide ($32 USD per person per visit).
- Eight types of insurance provided, including 10-day travel medical benefits for those up to age 64 — up to $1 million in coverage. Three days of medical benefits are provided for those age 65 to 75.
- Standard rate on Purchases and Fees: 20.99%
- Standard rate on Cash Advances, Cash-like Transactions and Balance Transfers: 22.99%
- Rates may increase to 25.99% (purchases) and 27.99% (cash-like transactions) if you miss the required payment by the due date twice in 12 months. See Disclosure Summary for details.
- If you are not approved for an Account at the above rates and you reside outside Quebec, we may still issue you an Account at our alternate interest rates, as follows: Rate for Purchases and Fees: 25.99% Rate for Cash Advances, Cash like Transactions and Balance Transfers: 27.99%
- To be eligible, $80,000 (individual) or $150,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information, visit Rogersbank.com.
- ^ Terms and conditions apply. For full and up-to date product information and applicable terms and conditions, visit Rogersbank.com. Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website.
- ®/TM Mastercard and World Elite are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. Used under license.
- TM Rogers and Mobius Design, Rogers Bank and related marks, logos and brand names are trademarks of Rogers Communications Inc., or an affiliate, used under license. © 2025 Rogers Bank.
- Rogers Bank is the issuer of this credit card.
Rogers is the clearest alternative because it also competes on simple cash-back value. It may be better for eligible telecom customers, who can redeem at a boosted value toward Rogers, Fido, or Shaw purchases, and it avoids an annual fee.
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Points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more.
Points for every $1 you spend on other eligible grocery stores, dining purchases, entertainment purchases, and eligible daily transit options (including rideshares, buses, subways, taxis and more).
Point for every $1 spent on all other eligible everyday purchases.
A competitive travel card that earns up to 3x Scene+ points on everyday purchases, and comes with six complimentary airport lounge visits and no foreign transaction fees. While you can earn accelerated points (3x) on travel purchases, they must be made through the Scene+ Travel platform, which may feel limiting for some users. Best for: Frequent travellers who shop regularly at Scene+ partner grocery stores, spend big abroad and are looking for airport lounge access.
Pros
- Free airport lounge membership and six free visits per year.
- No foreign transaction fees.
- Free Avis Preferred Plus membership.
Cons
- An above-average $150 annual fee for a travel card.
- Top earn rate (3x on groceries) only applies to Sobeys and its subsidiary stores.
- Must book through Scene+ Travel platform to earn 3x points on travel.
- Earn up to $1,500 in first year welcome offers, rewards and savings, including up to 60,000 bonus Scene+ points¹
- Earn 3x Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more.
- Earn 2x Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including rideshares, buses, subways, taxis and more).
- Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases.
- Earn additional benefits + up to 4X Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia.
- Travel with confidence using 10GB of free GigSky global mobile data for 15 days with unlimited Travel Essentials by GigSky for essential travel apps. Visa Infinite cardholders also continue to receive one complimentary 1GB/15-Day GigSky global mobile data plan each year, plus 20% off future GigSky purchases with their Scotiabank Visa Infinite+ card.
- No Foreign Transaction Fee.
- 6 Complimentary Airport Lounge Access.
- Comprehensive Travel Insurance coverage.
- Visa Infinite* Concierge Services.
- Visa Infinite* Hotel Collection.
- Visa Infinite* Dining and Wine Country program.
- Rates, fees and other information are effective as of Jan 2, 2026. Subject to change.
- *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
The Scotiabank Passport Visa Infinite+ Card is more of a traditional travel card. Wealthsimple is better if you want simple cash back. Scotiabank Passport is better if lounge visits and travel perks matter more to you.
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Cash back on up to three categories.
Cash back on everything else.
Tangerine lets you pick up to three categories from a pool of 10 that you’ll earn 2% back on, making it one of the more flexible cash-back programs on the market. Other cash-back cards offer higher earn rates on similar categories, but the Tangerine Money-Back card doesn’t have caps — so, you could earn unlimited 2% back on furniture, for example, throughout the year. Best for: People who spend big in unusual categories and want a simple cash-back card.
Pros
- No annual fee.
- Choose the 2% cash-back categories based on your spending.
- 15% off H&R Block.
Cons
- Other cards offer higher rates on similar categories.
- Must have a Tangerine savings account to unlock 3rd cash-back category.
- Earn 10% cash back¹⁰ for 2 months (Up to $100) – That’s on top of regular cash back. Plus, get a promo rate on balances you transfer for a limited time. Offer Expires September 30, 2026.
- Two Categories – 2% Money-Back Rewards on purchases in two categories of your choice. OR Three categories Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back category. 13 Categories to explore – Groceries, gas, and beyond, choose from 13 categories to suit your spending. And change them up every 90 days to match your purchases.◊
- 0.50% on everything else.
- Redeem cash back monthly as a statement credit or deposited into a Tangerine Savings Account.
- No annual fee.
- Transfer balances within your first 30 days and pay only 1.95% interest on the transferred balance for the first six months (22.95% after that). 1% balance transfer fee applies to the amount transferred.
- Get free cards for any authorized users on your account.
- It only includes purchase assurance and extended protection insurance. For more insurance, consider the Tangerine® Money-Back World Mastercard®* which requires a minimum personal income of $60,000. If you meet this requirement, you will automatically be considered for the World card if you apply for the Money-Back card.
- Preferred rates: 20.95% for purchases, 22.95% for cash advances (including balance transfers).
- To be eligible, a $12,000 (individual) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
A Tangerine Money-Back Mastercard lets you earn 2% in selected categories and has no annual fee. It won’t match Wealthsimple’s flat 2% across eligible purchases, but it’s easier to justify if you don’t want to pay a fee.
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cash back on eligible gas station purchases in Canada.
Cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually).
Cash back on all other purchases.
Getting 2% back on everything is very rare, which makes this card one of our favourites. It also offers 4% back on gas and groceries, comes with comprehensive travel coverage and offers up to $60 in statement credits with Instacart. But the $119.88 annual fee ($9.99 a month) may be too steep for some users. Best for: People who value earning cash back over extensive travel perks.
Pros
- Unlimited 2% cash back.
- Up to $60 statement credit with Instacart.
- Comprehensive travel insurance.
Cons
- $119.88 annual fee is higher than average for a cash-back card.
- Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.
- Earn accelerated earn rates on eligible gas and grocery purchases.
- Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases.
- Access events and special offers curated for Cardmembers with Amex Experiences™
- Extensive insurance coverage and 24/7 Customer Service.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment
The SimplyCash Preferred Card from American Express is a useful alternative if you want solid cash back without moving money to Wealthsimple, and don’t mind paying an annual fee for elevated cash back on eligible gas and grocery purchases in Canada, plus a stellar 2% base rate on other eligible purchases.
Frequently asked questions
Is the Wealthsimple Visa Infinite+ Credit Card free?
Not automatically. The card has a $240 annual fee, charged as a $20 monthly fee. Wealthsimple waives the fee if you meet its asset or direct deposit requirements.
How do you waive the Wealthsimple credit card fee?
You can avoid the fee by holding at least $100,000 in eligible Wealthsimple assets or net deposits, or by making direct deposits of at least $4,000 every 30 days into Wealthsimple chequing.
Does the Wealthsimple Visa Infinite+ earn 2% cash back on everything?
It earns 2% cash back on eligible purchases. Cash-like transactions, refunds, fees and adjustments don’t earn cash back.
Does the Wealthsimple Visa Infinite+ charge foreign transaction fees?
No. Wealthsimple doesn’t charge foreign transaction fees on the Visa Infinite+ card, though foreign-currency purchases are still converted using the payment network’s exchange rate.
Do you need a Wealthsimple chequing account?
Yes. You need an active Wealthsimple chequing account before you apply.
Can you pay your Wealthsimple credit card from another bank?
Not currently. The card balance can only be paid from Wealthsimple chequing at this time.
Can you add another cardholder?
Not currently.
What other Wealthsimple credit cards are available?
Wealthsimple also offers a Visa Infinite Privilege card and a Visa Infinite 1% Credit Card beta. The Visa Infinite Privilege card is the premium 2% cash-back option, with higher eligibility requirements and added perks such as airport lounge access. The Visa Infinite 1% beta card is a no-fee, lower-tier card that earns 1% cash back and is currently being rolled out to select clients. Wealthsimple also has a prepaid card. It’s not a credit card. You’re spending your own money from your Wealthsimple chequing account, and applying for it doesn’t involve the same credit check or credit-building potential as a credit card.
Does Wealthsimple have a tap limit when paying via mobile wallet?
Wealthsimple doesn’t impose a spending limit when you use your mobile wallet for contactless payments. By contrast, some issuers in Canada limit contactless payments, often around $250, requiring the physical card for larger purchases.
A big pro to this perk is being able to use your mobile wallet for big ticket items in an emergency when you don’t have your physical card on you. Just be mindful that merchants may impose their own limits for tap payments.
Nerdy Verdict
Best for:
Wealthsimple clients who can get the fee waived.
Not ideal for:
People who want a no-strings-attached cash-back card.
Why we like it:
2% cash back and no FX fees are strong, as long as you’re not paying $240 for them.
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