Wealthsimple Visa Infinite Privilege* credit card
New to Wealthsimple? Earn 5% cash back for your first 5 weeks, then 2% every month after. No complex categories. No annual fees. And pre-approval with no risk to your credit score. T&Cs apply.
2% cash backNo categories
Get pre-approved in minutesNo credit check
No FX feeson purchases made abroad
6 airport lounge passesPlus more travel perks
Fees, interest rates, and qualifications
So, who’s eligible for our Visa Infinite Privilege card? You can apply for the card if you're a Canadian resident, are the age of majority in the province or territory you're a resident of, and have an active Wealthsimple chequing account. You’ll also need to 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.
$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).
0% FX rate
Unlike other cards, you won’t pay foreign exchange fees.
20.99% / 22.99%
Annual purchase interest rate / Cash advance interest rate.
Card benefits and features
2% cash back on everything
No matter how much you spend, or where, you’ll earn cash back on your purchases.
Earn interest up to 2.25%
Earn extra on your cash back by depositing your cash back into your Wealthsimple chequing account.
No virtual tap limit
Tap as much as you want, for as much as you want, with your virtual card and never worry about hitting a limit.
Additional protection
Car rental collission and loss damage, flight delay coverage, purchase protection, phone insurance, extended-warranty, travel insurance, and fraud protection are all available, with higher values than the Visa Infinite + card.
Travel and lifestyle benefits
Airport lounge access, 24/7 concierge, Visa Infinite + Luxury Hotel Collection, Visa Infinite + Dining Series, Wine Country Program, and VIP access to prime-time reservations at top restaurants.
Compare Wealthsimple credit cards
Two cards, one simple reward: unlimited 2% cash back with no foreign transaction fees. The Visa Infinite Privilege card adds access to 1,200+ airport lounges and premium travel insurance for those who travel more. Visa Infinite + card is built for everyday spending. Both are eligible for a $0 waived annual fee.
Visa Infinite Privilege card | Visa Infinite + card | |
|---|---|---|
| Cash back | Unlimited 2% on everything | Unlimited 2% on everything |
| Foreign transaction fees | 0% | 0% |
| Annual fee | $240 annually ($20 per month) | $240 annually ($20 per month) |
| Fee waived when | You have $100,000+ in individual assets with us, or have $4,000+ per month in direct deposits | You have $100,000+ in individual assets with us, or have $4,000+ per month in direct deposits |
| Cash back redemption | To almost any account (including Wealthsimple chequing account to earn up to 2.25% interest), redeemable any time | To almost any account (including Wealthsimple chequing account to earn up to 2.25% interest), redeemable any time |
| Airport lounge access | 1,200+ lounges worldwide | N/A |
| Airport perks | Priority security, parking and exclusive offers at select airports | N/A |
| Travel medical insurance | Up to $2,000,000 | Up to $1,000,000 |
| Trip cancellation & interruption insurance | Up to $5,000 per trip, available after 3 hours | Up to $3,000 per trip, available after 3 hours |
| Delayed & lost baggage insurance | $1,250 per trip | $1,000 per trip |
| Rental car collision / loss damage | Up to 31 days coverage with a maximum of $65,000 MSRP | N/A |
| Purchase protection | Up to $1,000 per occurrence | Up to $1,000 per occurrence |
| Card material | Metal or plastic | Metal or plastic |
| Best for | Frequent travellers who want lounge access + premium coverage | Everyday spenders who want simple 2% back |
FAQs
Does the Wealthsimple Visa Infinite Privilege card include airport lounge access?
Does the Wealthsimple Visa Infinite Privilege card include airport lounge access?
Yes. The Visa Infinite Privilege card includes complimentary access to more than 1,200 airport lounges worldwide. For Premium or Generation clients whose annual fee is waived, it's one of the most affordable routes to unlimited lounge access in Canada.
What travel insurance and coverage limits come with the card?
What travel insurance and coverage limits come with the card?
The Visa Infinite Privilege card carries premium coverage, including out-of-province travel medical up to $2,000,000, trip cancellation up to $5,000 per trip, baggage insurance up to $1,000, rental car coverage up to $65,000, and purchase security. Some coverage is not available to residents of Quebec.
What's the difference between the Wealthsimple Visa Infinite + and the Visa Infinite Privilege cards?
What's the difference between the Wealthsimple Visa Infinite + and the Visa Infinite Privilege cards?
Both earn unlimited 2% cash back with no FX fees. The Visa Infinite Privilege card gives you access to 1,200+ airport lounges and significantly higher travel insurance limits (e.g. $2 million travel medical, versus $1 million with the Visa Infinite + card). Choose the Visa Infinite + card for simple everyday cash back; choose the Visa Infinite Privilege card if you travel and want lounge access and premium coverage.
Does the Visa Infinite Privilege card have an annual fee?
Does the Visa Infinite Privilege card 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. Learn more about how to waive the fee.
Is the Wealthsimple Visa Infinite Privilege card worth it?
Is the Wealthsimple Visa Infinite Privilege card worth it?
Yes, but it depends on how you intend to use it. It's especially worthwhile if your annual fee is waived: at $0 waived annual fee, you get access to 1,200+ lounges and up to $2 million in travel medical insurance — benefits that could cost $120 to $150+ per year on some other premium Canadian travel cards. If you rarely fly, the Visa Infinite + card delivers the same 2% cash back and 0% FX without the travel extras.
How do I upgrade to or get the Visa Infinite Privilege card?
How do I upgrade to or get the Visa Infinite Privilege card?
Eligible Wealthsimple clients can upgrade in the app.
Is the Visa Infinite Privilege card metal?
Is the Visa Infinite Privilege card metal?
Yes, the Wealthsimple Visa Infinite Privilege card is metal if you hold at least $100,000 in assets with us.
Is the Wealthsimple Visa Infinite Privilege card a good credit card for frequent travellers / spending abroad?
Is the Wealthsimple Visa Infinite Privilege card a good credit card for frequent travellers / spending abroad?
Yes. Because it combines 0% foreign transaction fees, 2% cash back in any currency, access to 1,200+ airport lounges, and up to $2 million in travel medical — it's a strong all-in-one for frequent international travellers who'd otherwise pay FX surcharges and buy separate travel insurance.
