The Zolve Classic Credit Card is a no-fee cash back credit card that offers high rewards on groceries and whenever you use a mobile wallet to pay for purchases.

And it's available to pretty much anyone. Even if you're a student or newcomer, you can access this card.

Zolve Classic Credit Card rewards

This card earns Zolve Z-Points. And Z-Points are very easy to use.

Once you have earned 1,000 points, you can redeem them for either a $10 statement credit or gift card.

As to how many you'll earn? Here are the earn rates for this card.

• 4 points per $1 spent on groceries
• 2 points per $1 spent on purchases made with a digital wallet
• 0.5 points per $1 spent on all other purchases

The bonus earn rate for using mobile wallets for payments is quite impressive. Now, the Zolve Classic Credit Card is only available on Apple and Google Pay, but most people paying with a mobile wallet are using one of these platforms.

You'll also earn double cash back for the first 3 months, up to $1,000 spent.

Benefits to the Zolve Classic Credit Card

A few more benefits await new users of this card.

1. Available to pretty much anyone

With some exceptions, like secured credit cards, applying for a credit card means you need to fork over your SIN for a credit check. Most cards need at least a good score to be approved (think 660 or better). Students typically won't qualify for most cards, either – though thankfully, there are some special cards for them.

Zolve removes these limitations. Zolve will not conduct a hard credit check, and supplying your SIN is optional. That makes this card an excellent option for students.

And, if you're a newcomer, you can also get a Zolve Classic Credit Card. You simply have to provide your passport as well as your visa (it needs to have at least 12 months' validity). Then you can use this card to start building your credit in Canada.

2. No annual fee

Despite the rewards the Zolve Classic Credit Card offers, you won't pay any annual fee with this card.

3. Choice of rewards

The Zolve Classic Credit Card is essentially a cash back credit card. And while most cash back cards simply dish out rewards as a statement credit, Zolve also lets you select a gift card of your choice. There's also a short waiting period to cash out – once you get 1,000 points, you can start redeeming.

Downsides to the Zolve Classic Credit Card

Here are 2 things to consider.

1. No cash advance or balance transfer interest rate

If you want to use a credit card for cash advances or transfer an existing balance, you'll need to use another card. The Zolve Classic Credit Card doesn't offer cash advances or balance transfers. This means it only has purchase interest rates.

2. No insurance included

It can be a small thing, as is the case with many no-fee cards, the Zolve Classic Credit Card does not include any credit card insurance.

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FAQ

What is the Zolve Classic Credit Card?

The Zolve Classic Credit Card is a no-annual-fee credit card that offers rewards on purchases. This credit card is easily accessible by anyone, including students and newcomers. New cardholders are not required to submit a SIN, and Zolve doesn't conduct a hard credit check, making this card widely accessible to Canadians.

What rewards does the Zolve Classic Credit Card offer?

The Zolve Classic Credit Card offers Z-Points, where 1,000 points can be redeemed as either $10 in statement credits or gift cards. This cash back credit card offers flexibility by letting you choose your preferred form of cash back and redeem it as soon as you accumulate enough points.

What are the annual fee and income requirements of the Zolve Classic Credit Card?

The Zolve Classic Credit Card has no annual fee or income requirements. You can qualify for this card with any personal or household income. And even though this card offers an average return of 1.11%, you won't pay an annual fee.