The Wealthsimple credit card
Get 5% cash back for the first month
No annual fee
We’ll waive your fees (charged monthly) if you’ve got $100K+ with us, or when you switch a qualifying paycheque deposit to Wealthsimple.
No FX fees
Most other credit cards charge up to 2.5%. With us, it’s always zero. Even on late-night room service.
Card benefits that beat the bank
We’ve compared the big bank’s credit cards with the free benefits you get when you have $100,000+ with us.
Feature | Wealthsimple credit card | Big bank credit cards |
|---|---|---|
| Cash back | 2% on everything | Categories, caps, limits …it’s complicated |
| FX fees | 0% — you could save up to $177 per year | Up to 2.5% — that could be spent on tacos in Mexico instead |
| Annual fee | Waived | Up to $599/year — enough said |
| Card material | Metal | Usually just plastic, unless you like paying lots of fees |
| Virtual card tap limit | No limit | $250 (if you’re lucky) |
| Earned interest on your cash back | Up to 2.25% | Non-existent |
Get 2% cash back on
morning lattes
morning lattes
hot yoga classes
a dozen oysters
your phone bill
sharing plates
an HVAC system
orange wine
an oil change
long-haul flights
a round of golf
sourdough bread
a five-star hotel
designer shoes
toilet paper
gas
a mani-pedi
pet kibble
a bike tune-up
a travel pillow
morning lattes
hot yoga classes
a dozen oysters