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Simplii Financial™ Cash Back Visa* Card review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
20.99%
Interest Rate: Purchases
20.99%
Balance Transfer
22.99%
Balance Transfer
22.99%
Rewards
0.5 - 4% cashback
Rewards
0.5 - 4% cashback
Signup Bonus
-
Signup Bonus
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7.3/10
Informr score
The Simplii Financial™ Cash Back Visa* Card currently has an Informr score of 7.3 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Simplii Financial™ Cash Back Visa* Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Frugal Flyer
Frugal Flyer

The Simplii Financial Cash Back Visa credit card presents a simple value proposition to those who are looking for a new credit card with an easy to understand rewards system and no annual fee. The welcome bonus is decent and the card presents a good opportunity on earning rates of up to 4% cash back...

- Reed Sutton, Frugal Flyer
Money.ca
Money.ca

Fond of dining out? Got a big friend group you’re often picking up the bar tab for (before invoicing for e-transfers of course)? Young urban professional who wants a daily driver card that doesn’t feel like you’re getting ripped off? The Simplii Financial™ Cash Back Visa* Card is right up your alley...

- Cameron Smonk, Money.ca
Forbes
Forbes

The Simplii Financial™ Cash Back Visa* is a no annual fee credit card that offers some of the top cash-back rewards earnings on the market for purchases at restaurants, bars and coffee shops. However, its cash-back earnings in other purchase categories are middling and it offers next to no insurance...

- Courtney Reilly-Larke, Forbes
SAVVY New Canadians
SAVVY New Canadians

The cash back offered by the Simplii Financial Cash Back Visa Card is excellent for a no-fee card. For example, if every month you spend $400 on restaurants, $700 on groceries, gas, and bill payments, and $100 on your other purchases, your total annual cash back would be $354 (not including the welc...

- Enoch Omololu, SAVVY New Canadians
NerdWallet
NerdWallet

The Simplii Financial Cash Back Visa is a no-frills cash-back card without an annual fee. Accelerated cash-back rates of up to 4% are available but subject to annual spending caps.

- Shannon Terrell, NerdWallet

Details


Interest Rates
Regular APR Interest Rate 20.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Maximum

Cash Advance Fee $5.00
Foreign Transaction Fee 2.5%
Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus

Get up to 10% cash back on eligible restaurants, food delivery, and bar purchases. Up to $500 spend.

Rewards
All Purchases 0.5% cash back
Restaurants 4% cash back (on first $5000 spent)

On eligible restaurant, bar and coffee shop purchases

Gas 1.5% cash back (on first $15000 spent)
Groceries 1.5% cash back (on first $15000 spent)
Hotels No
Travel No
Pharmacy 1.5% cash back (on first $15000 spent)
Bills No
Additional Details

1.5% cash back on pre-authorized payments (on first $15000 spent)

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Paywave, Apple Pay, Samsung Pay, Google Pay
Virtual Cards No
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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