Wealthsimple · Visa
Wealthsimple Visa Infinite Privilege review
The premium tier of Wealthsimple's flat-rate cash back card, available to Premium and Generation clients. New cardholders earn 5% cash back on the first $10,000 in net purchases during the first 30 days — that is the standard 2% plus a 3% welcome-period boost — and applying through PaySmarter also includes a $25 referral bonus. After the 30-day welcome period, or once $10,000 in net purchases is reached, the card earns unlimited 2% cash back. It charges 0% foreign transaction fees with no exchange markup, so USD and overseas spend converts at the Visa network rate. The card carries a $20/month ($240/year) fee that Wealthsimple waives when you hold $100,000+ in Wealthsimple assets or route a qualifying monthly direct deposit, so it is effectively fee-free for qualifying clients. It layers Visa Infinite Privilege travel and lifestyle benefits plus stronger insurance coverage on top of the same earn rates.
$45 Bonus$45 BonusEstimated 1st-year net value
+$865
After the $0 annual fee. Includes signup bonus and earned rewards.
One of the strongest in our set
First-Year Value
$540
Estimated, after fees
Est. rent rewards
+$60
After payment costs
Annual fee
$0 with waiver
We compare multiple Canadian rebate partners before routing you to an application.
Last verified: September 2026
Welcome offer
5% cash back + $25 referral bonus
5%
Cash back
First $10,000 in net purchases during the first 30 days
Introductory rate — 2% standard + 3% welcome-period boost
+ $25
Referral bonus
Exclusive offer when you apply through PaySmarter.ca
Separate from the welcome-period rate
2%
Unlimited cash back
Your ongoing cash-back rate after the welcome offer
After the welcome period or once you hit $10,000 in net purchases, the card earns unlimited 2% cash back.
- $20/month ($240/year)
- $20/month ($240/year) — waived with $100,000+ in Wealthsimple assets or a qualifying monthly direct deposit.
- 0% foreign transaction fees
- 2% unlimited ongoing cash back
Stacking this with a rent platform? Compare available offers before you sign up.
Exclusive PaySmarter bonus
Up to $45 in additional bonuses
This is an additional PaySmarter partner bonus. It is separate from — and on top of — the card's issuer welcome offer, and is not included in the welcome bonus value or cash-back calculations shown elsewhere on this page.
$25
Wealthsimple promotional bonus
For eligible new Wealthsimple customers who meet Wealthsimple's promotional requirements.
+ $20
Stack Your Rewards bonus
When you open and fund a new Wealthsimple account through PaySmarter's Stack Your Rewards promotion.
Available to eligible new Wealthsimple customers who satisfy Wealthsimple's promotional requirements. The additional $20 bonus requires opening and funding a qualifying Wealthsimple account through the PaySmarter Stack Your Rewards promotion. Terms and eligibility apply.
Independent Canadian analysis · No paid placements
Quick answer
Is the Wealthsimple Visa Infinite Privilege worth it in 2026?
The premium tier of Wealthsimple's flat-rate cash back card, available to Premium and Generation clients. New cardholders earn 5% cash back on the first $10,000 in net purchases during the first 30 days — that is the standard 2% plus a 3% welcome-period boost — and applying through PaySmarter also includes a $25 referral bonus. After the 30-day welcome period, or once $10,000 in net purchases is reached, the card earns unlimited 2% cash back. It charges 0% foreign transaction fees with no exchange markup, so USD and overseas spend converts at the Visa network rate. The card carries a $20/month ($240/year) fee that Wealthsimple waives when you hold $100,000+ in Wealthsimple assets or route a qualifying monthly direct deposit, so it is effectively fee-free for qualifying clients. It layers Visa Infinite Privilege travel and lifestyle benefits plus stronger insurance coverage on top of the same earn rates.
Best for
Premium no-FX cashback.
Not ideal for
Cardholders who carry a monthly balance — interest at ~20% wipes out any rewards earned.
Why we recommend it
Premium no-FX cashback for qualifying clients
Why this ranks where it does: Ranked highly on estimated first-year value (~$865 after fees). See our ranking methodology →
💸 Extra Layer Most People Miss
Credit card rewards are only part of the equation.
Depending on where you apply, you may also qualify for additional signup bonuses, affiliate rebates, or referral incentives through different platforms.
These offers change frequently — sometimes even weekly — which is why PaySmarter tracks total real-world value, not just card perks.
Credit card
Bank offer
Application platform
Where you apply
Rebate portal
Stacked bonus
Net value
Real-world return
We factor in portal rebates so you see the real value, not just the bank offer. PaySmarter rankings differ from generic comparison sites because we optimize for total application value — including platform rebates that change weekly.
We review FinlyWealth, Great Canadian Rebates, Credit Card Genius, Ratehub, High Interest Savings, and Frugal Flyer to surface the strongest available path.
Best for
Who this card suits
Premium travel
Strong keeper card
No FX fees
Rent & bill optimization
How Wealthsimple Visa Infinite Privilege performs on rent payments
Estimated net rewards after platform fees on each Canadian rent payment route. Pair with the platform that gives you positive math.
Pros
- No foreign exchange fees
- Top-tier with Chexy for rent rewards
Card details
Full breakdown
How to maximize this card
Get the most value from Wealthsimple Visa Infinite Privilege
- Pair with Chexy for rent — that's where the math lands strongest for this card.
- Use this card for every foreign-currency purchase — it waives the standard 2.5% FX fee.
- Strong keeper card — works well as the long-term anchor in a 2-card setup.
Keep optimizing
Smarter alternatives & pairings for Wealthsimple Visa Infinite Privilege
Auto-generated from our card catalog using Wealthsimple Visa Infinite Privilege's fee tier, network and rewards profile.
Best 2-card pairings
Cards that pair well to cover what this one doesn't
$150Scotiabank · Amex
Scotiabank Gold American Express
Pairs wellWhy: Adds no-FX travel coverage to complement your cashback anchor.
vs current: Adds no-FX coverage your cashback anchor lacks.
See review
$100MBNA · Mastercard
MBNA Rewards World Elite Mastercard
Pairs wellWhy: Adds category multipliers (dining/groceries/travel) on top of your cashback anchor.
vs current: Stacks 4x+ multipliers on dining/travel that flat cashback can't match.
See review
$40American Express · Amex
American Express Cobalt
Pairs wellWhy: Adds category multipliers (dining/groceries/travel) on top of your cashback anchor.
vs current: Stacks 4x+ multipliers on dining/travel that flat cashback can't match.
See review
Reasons are generated from each card's fee, rewards model and platform compatibility — not from advertiser influence. See methodology.
Stronger cashback options
Higher net cashback after fees
$150American Express · Amex
American Express Business Platinum
More cashbackWhy: ~$1100/yr in estimated net cashback after fees.
vs current: +$560/yr in net cashback after fees.
See review
CIBC · Visa
CIBC Dividend Visa Infinite
More cashbackWhy: ~$750/yr in estimated net cashback after fees.
vs current: +$210/yr in net cashback after fees.
See review
$150American Express · Amex
American Express Platinum
More cashbackWhy: ~$600/yr in estimated net cashback after fees.
vs current: +$60/yr in net cashback after fees.
See review
Reasons are generated from each card's fee, rewards model and platform compatibility — not from advertiser influence. See methodology.
Same platform · Different card
Other strong cards to pair with Chexy
$150American Express · Amex
American Express Business Platinum
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$950/yr in net rent rewards via Chexy.
See review
TD · Visa
TD Aeroplan Visa Infinite Privilege
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$480/yr in net rent rewards via Chexy.
See review
CIBC · Visa
CIBC Aeroplan Visa Infinite Privilege
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$460/yr in net rent rewards via Chexy.
See review
Reasons are generated from each card's fee, rewards model and platform compatibility — not from advertiser influence. See methodology.
Smart next step
Maximize rent rewards with this card
Picked for Wealthsimple Visa Infinite Privilege based on its fee tier, rewards profile and platform fit.
FAQ
Wealthsimple Visa Infinite Privilege — common questions
Last verified: September 2026·Last reviewed: September 2026
We re-verify offers monthly against publicly available Canadian sources (Great Canadian Rebates, FinlyWealth, CreditCardGenius, High Interest Savings, RateHub). Always confirm the live offer on the issuer's site before applying. How we rank cards · Affiliate disclosure.
Note: Wealthsimple runs a referral offer instead of third-party rebate portals. Applying through PaySmarter's referral link includes a $25 referral bonus alongside the 5% welcome-period cash back.
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Strategy
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Strategy
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Methodology
How estimated net value is calculated
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