Pros & cons
Pros
- Earn 2% cash back on all purchases.
- Charges no foreign exchange fees.
- Annual fee waived for Wealthsimple Premium or Generation clients.
- Set up direct deposits of more than $4,000 into a Wealthsimple chequing account and get the annual fee waived.
- Visa Airport Companion membership with 6 free passes.
Cons
- Only available to Wealthsimple chequing account clients.
- High income requirements of either $150,000 personal or $200,000 household.
- High annual fee of $240.
Your rewards
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Wealthsimple Visa Infinite Privilege, here's how you earn rewards:
- 2% cash back on all purchaess
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For Wealthsimple Visa Infinite Privilege in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $720 |
Calculating your annual rewards
$36,000 annual spending x 2.00% return on spending = $720 annual rewards
$720 annual rewards − $240.00 annual fee = $480 net annual rewards
Details and eligibility
- Estimated Credit Score
- 660 - 724
- Personal Income
- $150,000
- Household Income
- $200,000
- Annual Fee
- $240.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 20.99%
- Cash Advance
- 20.99%
- Balance Transfer
- 22.99%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Mobile Device
- $1,000
- Emergency Medical Term
- 14 days
- Emergency Medical Maximum Coverage
- $2,000,000
- Trip Cancellation
- $1,500
- Trip Interruption
- $1,500
- Flight Delay
- $1,000
- Baggage Delay
- $1,000
- Lost or Stolen Baggage
- $1,000
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
Wealthsimple Visa Infinite Privilege's 3.9 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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GC: $150
Key benefits
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