Wealthsimple Visa Infinite+ Card
One of the only cards in Canada pairing a flat 2% cash-back rate with 0% FX fees. Whether it clears its own fee comes down to hitting the Premium asset threshold or the direct-deposit waiver — otherwise a no-fee alternative gets similar math for free.
- Annual fee
- $240 ($20/month; waived for Wealthsimple Premium/Generation clients ($100K+ in assets held with Wealthsimple) or with a qualifying $4,000+/month direct deposit)
- Welcome bonus value (full offer)
- ≈ $0 None currently offered
- First-year net value
- ≈ $360
- Interest rates
- 20.99% purchases · 22.99% cash advances
Direct issuer link — details verified 2026-07-26
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Standard Score breakdown
StrongSix weighted components, each rated 0–10. “Contributes” is the rating × weight — add all six and you get a raw 6.70/10, published as 6.7/10.
Evidence behind each input
The facts are structured; the rating remains an editorial judgment. Open any component to audit what was considered without mistaking the evidence for an automatic formula.
First-year value6.0/10
The published first-year net value maps directly to the executable anchor ladder.
- $360 first-year net value maps to a 6.0/10 baseline.
- Published first-year input: 6.0/10, matching the baseline.
Ongoing value7.5/10
This input judges recurring earn and cash-like credits after the annual fee; the welcome offer and non-cash perks are excluded.
- $240 annual fee.
- Fee condition: $20/month; waived for Wealthsimple Premium/Generation clients ($100K+ in assets held with Wealthsimple) or with a qualifying $4,000+/month direct deposit
- Published earn: 2% — All purchases.
- No cap is stated in the structured earn rows.
Flexibility8.0/10
This input judges how easily Cash back can become useful value without forcing one narrow redemption path.
- Reward currency: Cash back.
Perk usability6.0/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- No airport lounge access.
- 5 published insurance benefits: Emergency travel medical (up to $1,000,000); Trip cancellation/interruption; Baggage delay.
Low friction6.5/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Visa acceptance; no foreign-transaction fee.
- Eligibility: $80,000 personal-income minimum; $150,000 household-income alternative.
- Eligibility note: Meet any one: the income figures, $300,000+ in total savings and investments, or $25,000+ annual card spend
- Practical constraint: Requires an active Wealthsimple chequing account — not a standalone credit card
Strategic fit6.5/10
This input asks whether the card fills a distinct role in a small wallet rather than duplicating another card; redemption quality is not counted again here.
- Ranking roles: cash-back.
- Fit case: Wealthsimple clients who want a genuinely flat 2% cash-back rate with zero foreign transaction fees and don't need lounge access.
- Main conflict: You don't already bank with Wealthsimple, or your spend is too low to justify the $240 fee if you don't qualify for a waiver.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| All purchases | 2% |
Included insurance
Emergency travel medical (up to $1,000,000) · Trip cancellation/interruption · Baggage delay · Purchase protection · Extended warranty
Why it earns its score
- Flat 2% cash back on every purchase with no categories, caps, or rotating merchants to track
- 0% foreign transaction fee stacked on top of the 2% earn — a rare combination in Canada
- Cash back sits in Wealthsimple Cash, which itself pays up to 2.25% interest while it accumulates
Where it loses points
- No welcome bonus
- $240 annual fee applies in full unless you clear the asset or direct-deposit waiver
- Requires an active Wealthsimple chequing account — not a standalone credit card
Who it’s for
Wealthsimple clients who want a genuinely flat 2% cash-back rate with zero foreign transaction fees and don't need lounge access.
Who should skip it
You don't already bank with Wealthsimple, or your spend is too low to justify the $240 fee if you don't qualify for a waiver.
The bottom line
Standard Score 6.7/10 — Strong. We estimate ≈ $360 in first-year net value after the $240 fee.
Direct issuer link — no commission shapes this review
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Renewal math
Should you keep this card?
The welcome offer only lands once — so the keep-or-cancel question is whether the $240 fee still pays for itself on earn alone. Enter your monthly spend to see the recurring math.
~$324/year in rewards at this spend − $240 fee = $84/year
The fee pays for itself at this spend — keeping it is defensibleAt this spending mix, the card breaks even around $1,000/month on the card. Below that, the fee stops earning its keep.
Estimates price your spend at the card’s published earn rates and our Points Standard Index valuations; they ignore category earn caps and any retention offer the issuer might make if you call. Perks you actually use — insurance, lounge visits — are value on top of this math, so weigh them before cancelling.
Source: issuer card page · Last reviewed 2026-07-26. Details change often — confirm current terms with the issuer before applying.
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