Eat, drink, and be merry with Simplii Financial's first cash back visa credit card. Enjoy high earn rates on restaurant, bar, takeout, and coffee shop purchases for no annual fee.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

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Our Review

To earn lots of cash back for no annual fee, the Simplii Financial Cash Back Visa has high earn rates, especially on food.

Here's both the good and bad with this card.

Earning cash back with the Simplii Visa

The Simplii Visa has some great earn rates for a no fee credit card.

You'll earn:

  • 4% cash back on restaurants (up to $5,000 spent annually),
  • 1.5% cash back on gas, groceries, drugstores, and recurring bill payments (up to $15,000 spent annually), and
  • 0.5% cash back on all other purchases.

Not many no fee cards are offering 4% cash back, even if there is an annual cap on how much you can earn at this rate. And 1.5% cash back isn't so bad either.

But you'll be stuck only earning 0.5% cash back on all your non-category purchases.

The cash back you earn will be applied as a statement credit once per year, in December.

Other features of the Simplii Cash Back Visa

The Simplii Visa also offers a few extra benefits.

It comes with both extended warranty and purchase protection insurances, to give you a little coverage on major purchases.

And, there's also the option to add either CIBC Payment Protector or Emergency Medical insurance coverage if you wish, for a price.

Other than that, there aren't any extra benefits to this card.

Downsides to the Simplii Visa

Are there some downsides to this card? Indeed there are.

The biggest one is the card is only available to Simplii banking customers. If you don't have a bank account with Simplii, you won't be able to get this card.

The other is the base earn rate. While it does have high earn rates on a variety of categories, it's partially offset by the base earn rate of 0.5%.

Alternative credit cards to consider

Looking for something different? Here are a couple of cards to consider instead. If you have the Simplii Visa, they'll also help boost your annual cash back earnings, for no annual fee.

The first is the . You'll earn 1% cash back on every purchase made to the card. And shop with Brim's retail partners, and you can earn bonus cash back – up to 40%, depending on the partner.

Or, pair it with the Simplii Visa, and increase your base earn rate to 1% on all your other purchases, while using the Simplii Visa for the bonus rates.

The other is the . You'll earn unlimited 2% cash back on up to 3 categories of your choosing. It has the same base earn rate as the Simplii Visa.

It pairs well with the Simplii Visa as you can choose which categories you earn 2% cash back on. Simply choose 2 (or 3) categories that are different from what Simplii offers, and you're looking at earning at least 1.5% cash back on up to 8 different categories. It's an intriguing pairing.

What are your thoughts?

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