Wealthsimple · Visa · Cash back
Reviewed 2026-07-06 · By The Points Standard editorial team
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.
Standard Score breakdown — Strong
Six weighted components, each rated 0–10. "Contributes" is the rating × weight — add all six and you get the 6.70/10 Standard Score above.
See how the Standard Score works or re-weight it to your priorities.
The numbers
| Annual fee | $240 |
| Welcome bonus | None currently offered |
| Est. bonus value | ≈ $0 |
| First-year net value | ≈ $360 |
Earn rates
| All purchases | 2% |
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.
Included insurance
Emergency travel medical (up to $1,000,000) · Trip cancellation/interruption · Baggage delay · Purchase protection · Extended warranty
Source: issuer card page · Last reviewed 2026-07-06. Details change often — confirm current terms with the issuer before applying.