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Simplii Financial Cash Back Visa Card

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Simplii Financial Cash Back Visa Card
Welcome Offer
Earn up to $150
Rewards
Up to 4% cash back
Annual Fee
$0
Purchase Interest Rate
20.99%
Cash Advance Rate
22.99%
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Summary

Earn up to 4% cash back on your purchases with the Simplii Cash Back Visa Card.

Earn up to $150 of value in the first 4 months on eligible purchases.

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The Simplii Financial Cash Back Visa Card offers 4% cash back on restaurants, bars and coffee shops, 1.5% on groceries, gas and prescriptions, and 0.5% on just about everything else. In your first four months, you can also cash in on a 10% return whenever you go out to eat or drink (which will earn you up to $50 in additional savings).

This card is fee-free but you’ll need to be a Simplii Financial client to take advantage of its benefits, which include purchase protection and extended warranty coverage. You can also pay a little bit extra to add on payment protector and emergency travel medical insurance.

30-second take

  • Get this Simplii credit card if you dine out regularly and don’t want to pay an annual fee.
  • Choose something else if you’re looking for a targeted rewards program or you don’t want to become a Simplii Financial client.
  • You must have a minimum annual income of $15,000 to qualify for this card.

The basics

If you can’t resist your morning cappuccino or you meet up regularly with friends for cocktails and dinner after work, you might like to check out the Simplii Financial Cash Back Visa Card.

Earn 4% cash back on eligible restaurants, bars and coffee shops (up to $5,000 spend a year), 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $15,000 per year), and 0.5% on everything else. Earn up to $150 of value in the first 4 months on eligible purchases.

The Simplii Financial Cash Back Visa Card has a 20.99% purchase interest rate, with cash advances, balance transfers and convenience cheques at .

If you don’t dine out often, or if you’re looking for a higher return on daily purchases like groceries and gas, you may prefer to check out alternative credit cards.

The perks

  • Fee-free. Pocket more of your savings with no annual fee and free additional cards.
  • Welcome bonus. Earn up to $150 of value in the first 4 months on eligible purchases.
  • Earn everywhere. Get cash back on all purchases made with your Visa card.
  • High return. Earn 4% cash back on eligible restaurants, bars and coffee shops (up to $5,000 spend a year), 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $15,000 per year), and 0.5% on everything else.
  • Send global money transfers. Through your Simplii account, send global money transfers with zero fees and at competitive exchange rates to 130+ countries.
  • Insurance coverage. Take advantage of purchase protection and extended warranty coverage with the option to add on coverage in case of emergencies.
  • Tap and pay. Add your credit card to your mobile wallet and pay with Apple Pay, Google Pay or Samsung Pay.

What to watch out for

  • It’s client-specific. You have to be a client with Simplii Financial in order to qualify for this card.
  • Caps on cash back. The maximum you can earn on dining out is $5,000 per year and the max you can earn on daily purchases is $15,000.
  • Regional exclusions. Residents of Quebec aren’t eligible to apply.
  • Infrequent returns. Simplii Financial will only release cash back payments once per year.

Simplii Financial Cash Back Visa Card interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate22.99%
Standard balance transfer rate22.99%

What do other customers say?

Customers tend to appreciate this card if they dine out regularly and are already clients with Simplii Financial. Many are pleased with the return they receive at the end of the year, which they feel is high for a fee-free card. Other customers are unhappy about the fine print related to the welcome bonus, which caps savings at $50 extra (on purchases up to $500 in the first four months).

What should I know before I apply

How to apply for this Simplii Financial credit card

  1. Once you are a Simplii Financial client, head to their website to begin your Simplii Financial Cash Back Visa Card application.
  2. Complete the application with details that include your name, email address, social insurance number, income information and birth date.
  3. Review and submit your application.

Compare this Simplii cash back Visa with other credit cards

1 - 10 of 43
Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
RBC ION Visa
6,000 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 6,000 Avion points when you get approved for the card.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC ION+ Visa
12,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get 12,000 Avion points when you get approved for the card.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived by your first anniversary.
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Bottom line on this Simplii Financial Visa

The Simplii Financial Cash Back Visa Card is a good option for people who dine out regularly.Earn up to $150 of value in the first 4 months on eligible purchases. The returns on all other purchases are between 0.5% and 1.5%. You won’t have to pay an annual fee to buy in, but you will need to be a Simplii Financial client. You might like to choose another card if you’re looking for a ton of added benefits or higher returns on daily purchases.

Frequently asked questions about the Simplii Financial Cash Back Visa Card

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