Wealthsimple Cash Prepaid Mastercard
Wealthsimple
Annual fee
CA$0
Rewards rate
0%-0%
Welcome Bonus
CA$25
Apply Now →on Wealthsimple's website
- No rewards breakdown available
Welcome Bonus:
Potential small deposit bonuses like $25 for new users funding their account.
Reward Rate:
No longer offers rewards on purchases.
This card is particularly useful for those looking to avoid foreign transaction fees while still benefiting from ATM fee reimbursements, despite the lack of cash back rewards.
Pros:
- No foreign transaction fees
- ATM fee reimbursements
Cons:
- No cash back rewards
- Limited features compared to credit cards
The Wealthsimple Cash Prepaid Mastercard may be a suitable option for individuals who prioritize fee-free foreign transactions and ATM reimbursements over traditional rewards or cash back. With no annual fee and a straightforward structure, it appeals to those who wish to manage their spending without incurring extra costs.