Wealthsimple is investing and savings under one brand — not a credit card. Compare commissions, account fees and the cash rate on the live offer. A savings {rateAbbr} is not an investing return.
Cost
9.0
Flexibility
9.2
Transparency
9.0
Service
8.6
James Okonkwo · Editor, cards and deposits · Scores are editorial and do not affect list order, which is set on published price.
Our review
Suits:A digital investing or high-interest cash account when the apply link and the fee line are published.
What stands out
Investing and cash accounts
Digital application
Published fees
Wealthsimple is in the Canada comparison as investing or deposits — not revolving credit. Open investing or savings. Supervision: OSFI and the FCAC. Editorial review — not advice.
Pros
Listed on <a href="/ca/personal/investing">investing</a> and savings, not mixed into cards.
Fee and cash-rate lines are published on the live offer.
Cash and holdings are listed as separate products, not one balance.
Cons
Investment returns are not guaranteed.
A promotional cash rate can step down; read the ongoing rate.
Questions about Wealthsimple
Why did Wealthsimple appear on cards before?
A tracker assignment tagged it as a card. On Buckmatch it belongs with investing or savings.
Are securities CDIC-insured?
Eligible deposits can be. Holdings usually are not. Read the entity on the card and CDIC coverage.
Products you can apply for
9 products in this market
Credit cards
Wealthsimple
•••• •••• •••• 1234
Wealthsimple Visa Infinite + Credit Card
VISA
Wealthsimple Visa Infinite + Credit Card
9.04.5(1)
from Wealthsimple
Lowest APR
2% cashback
Rewards
$20/mo
Monthly fee
20.99%
Purchase rate
Consumer
Cashback
2% on eligible purchases without category caps.
CAD 20/month, charged annually in Quebec; waived for qualifying assets or payroll deposits. Eligibility conditions apply.
APR
20.99%
Requires Canadian residency, age of majority and an active Wealthsimple chequing account. Limited quantities; meeting eligibility does not guarantee a card. Monthly fee CAD 20 below CAD 100,000 in individual assets; Quebec clients billed annually. Fee waiver available with qualifying CAD 4,000 monthly direct deposit. Purchase interest 20.99%; cash advances 22.99%; penalty rates 25.99%/27.99% after two missed consecutive minimum payments. Income, household-income or asset/spend eligibility criteria apply; see issuer terms.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
CAD 20/month, charged annually in Quebec; waived for qualifying assets or payroll deposits. Eligibility conditions apply.
APR
20.99%
Requires Canadian residency, age of majority and an active Wealthsimple chequing account. Limited quantities; meeting eligibility does not guarantee a card. Monthly fee CAD 20 below CAD 100,000 in individual assets; Quebec clients billed annually. Fee waiver available with qualifying CAD 4,000 monthly direct deposit. Purchase interest 20.99%; cash advances 22.99%; penalty rates 25.99%/27.99% after two missed consecutive minimum payments. Income, household-income or asset/spend eligibility criteria apply; see issuer terms.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
Wealthsimple: Requires Canadian residency, age of majority and an active Wealthsimple chequing account. Limited quantities; meeting eligibility does not guarantee a card. Monthly fee CAD 20 below CAD 100,000 in individual assets; Quebec clients billed annually. Fee waiver available with qualifying CAD 4,000 monthly direct deposit. Purchase interest 20.99%; cash advances 22.99%; penalty rates 25.99%/27.99% after two missed consecutive minimum payments. Income, household-income or asset/spend eligibility criteria apply; see issuer terms.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
Wealthsimple: Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.
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