WEALTHSIMPLE VIRTUAL CREDIT CARD
A virtual credit card you can use right away
Get instant access to your Wealthsimple digital credit card once you’re approved. Earn 2% cash back on everything, with a welcome boost of up to 5% back for your first 30 days. T&Cs apply.
A phone demoing how the card details are accessed in-app.
Start spending without waiting for your card
Once you’re approved, your virtual card is available in the Wealthsimple app, so you can start spending before your physical card arrives.
$0 annual fee
If you've got $100,000+ in individual assets with us, or you switch a qualifying paycheque to us, we'll waive the annual fee. Otherwise, its $20 a month (charged annually in QC).
Available right away
Access your virtual credit card in the Wealthsimple app once you’re approved.
2% cash back
Earn 2% cash back on everything, with no categories or caps.
0% FX fees
Spend in foreign currencies without paying a Wealthsimple foreign transaction fee.
How to get a virtual credit card
1. Apply for the Wealthsimple Credit Card: Complete your application online or in the Wealthsimple app.
2. Access your virtual card: Once you’re approved, your virtual credit card will be available in the Wealthsimple app.
3. Start spending: Use your card details to shop online, or add your virtual card to Apple Wallet or Google Wallet for contactless payments.
To qualify for the Wealthsimple Visa Infinite + card you must meet the requirements above and have a personal income of at least $80,000 or household income of at least $150,000. To qualify for the Weathsimple Visa Infinite Privilege card you must also meet the requirements listed above and have a personal income of at least $150,000 or household income of at least $200,000. Or, you can also qualify if you have a minimum annual spend of $50,000, or hold at least $400,000 in assets with us.
Your card. Your phone. Your control.
Pay, manage, and stay in control of your Wealthsimple Credit Card directly from the app.
No virtual tap limit
Tap for any transaction amount with your virtual card, as long as you have enough available credit and the merchant accepts the payment amount.
- No Wealthsimple tap limit
- Access card details in-app
Keep your card secure in-app
Manage your card directly from the Wealthsimple app whenever you need to.
- Lock your card instantly
- View and change your PIN
Pay on your own schedule
Stay on top of your balance and payments from the app.
- Set up auto-pay
- Make flexible payments
Virtual credit card vs. physical credit card
Your virtual and physical cards are part of the same Wealthsimple Credit Card account, but give you different ways to pay.
Virtual credit card | Physical credit card | |
|---|---|---|
| When you can use it | Once you’re approved | After your card arrives |
| Shop online | Yes | Yes |
| Apple Wallet or Google Wallet | Yes | Yes |
| Contactless payments | Pay with your phone or supported device | Tap your physical card |
| Access card details in-app | Yes | Yes |
| Earn 2% cash back | Yes | Yes |
| 0% Wealthsimple FX fees | Yes | Yes |
FAQs
What is a virtual credit card?
What is a virtual credit card?
A virtual credit card is a digital version of your credit card that you can access through an app. You can use the card details to shop online or add the card to a supported digital wallet for contactless payments.
How do I get a virtual credit card?
How do I get a virtual credit card?
Apply for the Wealthsimple Credit Card online or in the Wealthsimple app. Once your application is approved, your virtual card becomes available in the app, so you can start using it before your physical card arrives.
Does the Visa Infinite Privilege have an annual fee?
Does the Visa Infinite Privilege have an annual fee?
The annual fee is $240 ($20 per month). The fee is waived automatically if you've got $100,000+ in individual assets with us, or you direct deposit at least $4,000/month into a Wealthsimple chequing account. Most clients who qualify for the card pay $0 for lounge access and premium insurance. Learn more about how to waive the fee.
Can I use my virtual card right away?
Can I use my virtual card right away?
Yes. Once your credit card application is approved, your virtual card is available in the Wealthsimple app, so you do not have to wait for the physical card to arrive.
Where can I use a virtual credit card?
Where can I use a virtual credit card?
You can use your virtual card details for eligible online purchases and subscriptions, or add the card to Apple Wallet or Google Wallet for contactless payments in stores.
Are virtual credit cards secure?
Are virtual credit cards secure?
Yes. Paying with your virtual card through a digital wallet adds a layer of security because you need to unlock your phone before you can pay. With Wealthsimple, you can also lock your card instantly in the app, review transactions, and dispute unauthorized charges.
Can I add a virtual credit card to Apple, Google or Samsung?
Can I add a virtual credit card to Apple, Google or Samsung?
Yes. You can add your Wealthsimple Credit Card to Apple, Google or Samsung Wallet and use your phone or supported device for contactless payments.
Is there a tap limit when I use my virtual card?
Is there a tap limit when I use my virtual card?
There is no Wealthsimple-imposed tap limit when you use your virtual card. You will need enough available credit for the purchase, and individual merchants may have their own contactless payment limits.
Do I earn cash back when I use my virtual card?
Do I earn cash back when I use my virtual card?
Yes. Eligible purchases made with your virtual card earn the same 2% cash back as purchases made with your physical card.
Are there foreign transaction fees on the virtual card?
Are there foreign transaction fees on the virtual card?
Wealthsimple does not charge a foreign transaction fee when you use the card in another currency. The payment network’s currency conversion rate still applies.