Wealthsimple Visa Infinite Privilege* Credit Card
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Cash back
Card highlights
Annual fee
Number of perks & insurances
Ratehub’s review
Natasha Macmillan
The Wealthsimple Visa Infinite Privilege is a premium travel cash back credit card designed for frequent travellers who want simple rewards and luxury travel perks. It combines unlimited 2% cash back, no foreign transaction fees, complimentary airport lounge access, and comprehensive travel insurance, making it one of the strongest all-in-one travel cards for eligible Wealthsimple clients.
Pros
- Unlimited 2% cash back: Earn 2% cash back on every eligible purchase with no spending categories or earning caps to manage
- No foreign transaction fees: Save the typical 2.5% fee on purchases made in foreign currencies while still earning 2% cash back abroad
- Complimentary airport lounge access: Enjoy 6 complimentary lounge visits every 12 months through the Visa Airport Companion Program, with access to more than 1,200 airport lounges worldwide
- Premium travel insurance: Get comprehensive coverage including up to $2 million in travel medical insurance, trip cancellation and interruption, flight delay, baggage, and rental car collision coverage
Cons
- Wealthsimple account required: An active Wealthsimple Chequing account is required to apply, making the card best suited to existing Wealthsimple customers
- High income requirement: You’ll need a minimum personal income of $150,000 or household income of $200,000 to qualify, unless you qualify through Wealthsimple assets or annual card spending
- Annual fee: The card carries a $240 annual fee if you don’t meet the requirements to have it waived
Rewards & bonuses
See what you could earn based on how you spend.
Earn rates
5%
On all spending for 35 days on the first $10,000 of net purchases*Up to $833 / month, then 2%
2%
On everything: no categories to track, no cap*
Monthly spending caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details.
Your earning potential
First year reward
Based on spending $2,200/mo after $240 annual fee
Second year reward
Based on spending $2,200/mo after $240 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Annual fee
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Included | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Not included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Not included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Not included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Not included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | Not included | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $240
Rates
- Purchase interest
- 20.99%
- Balance transfer rate
- N/A
- Cash advance rate
- 22.99%
Type
- Provider
- Wealthsimple
- Card type
- Cash back
- Payment network
- VISA
Eligibility
- Minimum personal income
- $150,000
- Minimum household income
- $200,000
- Minimum credit score
- N/A