Best Simplii Credit Cards for 2025
The best Simplii credit card is the Simplii Financial™ Cash Back Visa* Card – the only card currently available from this online bank. Despite its lack of competition, it holds its own as a solid no-fee cash back card.
It shouldn't be a surprise that an institution as popular as Simplii Financial offers a quality credit card product. There's much to love about this bank and its sole card option, including accessibility, convenience, and a surprising number of valuable features.
Key Takeaways
- Simplii is an online-only bank that offers a variety of financial products.
- The Simplii Financial Cash Back Visa is the only credit card offered by Simplii Financial.
- Users earn up to 4% cash back with the Simplii card and pay no annual fee.
The Simplii Financial Visa
Rewards:
- 4% cash back on restaurants, up to $5,000 spend per year†
- 1.5% cash back on groceries, gas, drugstores, and pre-authorized payments, up to $15,000 per year†
- 0.5% cash back on all other purchases†
Although the Simplii Financial Cash Back Visa is Simplii’s only credit card offering, it’s a well-rounded no annual fee card. Since you’re not paying to use the card, all rewards are pure profit.
We like the card’s low interest rates and promotional welcome bonus. You can earn a $100 Skip Digital gift card by spending $100 in the first month you have the card, along with 10% back on purchases you make in the first 4 months.
The earn rates are great, too, with 4% back on restaurant purchases and 1.5% on gas, groceries, drugstores, and pre-authorized payments. That said, all non-category purchases only earn 0.5%.
Pros:
- Good earn rates
- Low interest rates
- Easy to redeem cash back (statement credit once per year)
- No annual fee
- Low income requirement of $15,000
Cons:
- Limited insurance coverage
Simplii Cash Back Visa insurance coverage
As a basic card, you’ll get 1 year extended warranty and 90 days of purchase protection – but that’s it.
There’s no travel insurance, rental car coverage, mobile device insurance, or emergency medical coverage.
Learn more: Study: How Much Is Your Credit Card Insurance Worth?
What cardholders say
According to Redditors, the main concern with the Simplii Financial Cash Back Visa Card is that it makes for a terrible travel credit card due to its steep foreign transaction fees:
Other users also disliked the fact that cash back is only paid out once a year (at the end of December):
Simplii Financial Cash Back Visa Card alternatives
Take a look at how the Simplii Financial Cash Back Visa Card compares with these top three no fee cash back alternatives:
| Card name | Pros | Cons | Learn more |
|---|---|---|---|
| Rogers Red World Elite® Mastercard® | * High 2.45% average earn rate * 12 types of insurance * Extra cash back for Rogers, Fido, and Shaw customers | * High income requirements | Learn more |
| Neo World Elite Mastercard® | * Earn an average of 5% cash back at Neo retail partners * Extra cash back for Neo Everyday Account holders with a certain balance * Can function as a secured card for $5 per month | * Relatively low caps on cash back | Learn more |
| Tangerine Money-Back Credit Card | * Choose your own two cash back categories * Get a third category by depositing cash back into a Tangerine Savings Account * Low 22.95% balance transfer rate for 6 months | * Limited insurance | Learn more |
Other Simplii products
Simplii offers much more than just one credit card.Here are a few of their other major products:
Simplii No Fee Chequing Account
Simplii’s chequing account is one of the best available. You'll pay no monthly fees, it requires no minimum deposit, and it offers unlimited transactions.
Simplii High Interest Savings Account
The Simplii high-interest savings account is also a good choice. While the interest rate is just 0.1%, Simplii offers promotional rates for existing members from time to time. This account is also available as a TFSA and RRSP.
Other Simplii products include:
- USD bank account
- Mortgages
- Investments (like GICs)
- Personal loans
How to apply for a Simplii credit card
To apply for a Simplii card, you must be a Canadian resident (not residing in Quebec) and be the age of majority in your province or territory. You’ll need a minimum income of $15,000 per year to qualify.
If you meet these requirements, click our secure application link to start the process with Simplii. You’ll have to provide:
- Contact information
- Living situation and details
- Employment information
- Income details
- Monthly expenses
- How you want to receive statements and documents
If your application is approved, you’ll get your Simplii card in the mail.
FAQ
Is Simplii Financial a Mastercard or Visa?
The Simplii Cash Back card is a Visa. The company doesn't offer cards through other networks (Mastercard or American Express), so you’ll have to use another issuer if you’re looking for a card through one of these networks.
Does Simplii have a prepaid credit card?
No, Simplii Financial limits its credit card selection to just one card: a cash-back Visa. If you’re trying to find a prepaid credit card, you’ll have to work with another credit card issuer, like Neo Financial or KOHO.
Is Simplii considered CIBC?
Simplii Financial is a trademarked company and division of CIBC. This means that, officially, CIBC is the servicer of Simplii products. Additionally, it's worth noting that Simplii Financial products aren't available to residents of Quebec.
Can I use my Simplii credit card internationally?
Yes, you can use your Simplii credit card internationally, but you'll be charged foreign exchange fees. Alternatively, there are several cards available that don't charge these FX fees, like the Scotiabank Gold American Express Card.
Editorial Disclaimer: The content here reflects the author's opinion alone. No bank, credit card issuer, rewards program, or other entity has reviewed, approved, or endorsed this content. For complete and updated product information please visit the product issuer's website. Our credit card scores and rankings are based on our Rating Methodology that takes into account 126+ features for each of 226 Canadian credit cards.
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