Simplii Financial
Simplii Financial Cash Back Visa Card
Welcome Bonus
No ongoing welcome bonus
cashback no-fee dining restaurants cashback groceries students
Annual Fee
No annual fee
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Quick Stats
Annual Fee
$0
Purchase APR
21.99%
FX Fee
2.5%
Card Type
visa
Rewards & Earning Rates
| Spending Category | Earn Rate |
|---|---|
| Restaurants, Bars, and Coffee Shops | 4% cash back |
| Groceries, Gas, Drugstores, Pre-Authorized Payments | 1.5% cash back |
| All other purchases | 0.5% cash back |
Welcome Bonus Details
Currently no standard welcome bonus; occasional promotional offers
Fees & Interest Rates
| Annual Fee | $0.00 |
| Additional Card Fee | $0.00 |
| Purchase Interest Rate | 21.99% |
| Cash Advance Interest Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Pros & Cons
Pros
- No annual fee and no income requirements
- Industry-leading 4% cashback on dining (restaurants, bars, coffee shops)
- 1.5% on common categories: groceries, gas, drugstores, recurring bills
- $15,000 shared annual cap is generous for no-fee card
- Up to 3 free additional cards
- Easy redemption to Simplii account with no fee
- Great for students and those building credit
Cons
- Low 0.5% base earn rate on non-category spending
- Annual caps limit maximum cashback potential
- Requires Simplii bank account for best redemption value
- No travel insurance or premium perks
- Higher interest rates if carrying balance
- 2.5% foreign transaction fee
- Limited customer service (online/phone only)
Eligibility Requirements
Available to Canadian residents 18+; fair to good credit; no income requirement
Recommended Credit Score: 650+
Ready to Apply?
Apply for the Simplii Financial Cash Back Visa Card in just a few minutes.
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