Wealthsimple Visa Infinite Privilege
Wealthsimple
- 2%Cash back on all purchases
Limited-time 5% cash back promotional offer.
Unlimited 2% cash back on all purchases.
The Wealthsimple Visa Infinite Privilege card stands out as the only Visa Infinite Privilege card in Canada focused on cash back rather than points, offering unlimited 2% cash back on all purchases. This unique positioning, combined with no foreign transaction fees, makes it a compelling choice for savvy spenders.
Pros:
- Unlimited 2% cash back
- No foreign transaction fees
Cons:
- Annual fee applies
- Requires high income for eligibility
The Wealthsimple Visa Infinite Privilege card may be particularly suitable for frequent travelers and high spenders who prefer straightforward cash back rewards over point systems, especially given its unlimited 2% cash back on all purchases and lack of foreign transaction fees. However, with an annual fee of CA$240, it is most beneficial for those who can maximize their spending to offset the cost.