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Simplii Financial Cash Back Visa Card

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

Get 10% bonus cash back at eligible restaurants and bars for the first 4 months (up to $500 spend). Plus, get a 9.99% introductory annual interest rate on purchases for the first 6 months.Earn everywhere. Get cash back on all purchases made with your Visa card.

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10% cash back

Welcome Offer

$0

Annual Fee

Up to 4% cash back

Rewards

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.

Plus, get a 9.99% introductory annual interest on purchases for the first 6 months.

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.

Get up to 4% cash back on restaurant, bar and coffee shop purchases, and 1.5% on gas, groceries and drug stores, and 0.5% back on just about everything else, and 0.5% back on just about everything else. Get 10% bonus cash back at eligible restaurants and bars for the first 4 months (up to $500 spend). Plus, get a 9.99% introductory annual interest rate on purchases for the first 6 months.

The Simplii Financial Cash Back Visa Card has a 19.99% 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. Get 10% bonus cash back at eligible restaurants and bars for the first 4 months (up to $500 spend). Plus, get a 9.99% introductory annual interest rate on purchases for the first 6 months.
  • Earn everywhere. Get cash back on all purchases made with your Visa card.
  • High return. Get up to 4% cash back on restaurant, bar and coffee shop purchases, and 1.5% on gas, groceries and drug stores, and 0.5% back on just about 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.

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

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
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
19.99%
$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 1.99% on balance transfers with a 1% balance transfer fee for nine months.
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) on up to $1,000 of purchases in the first 2 months Until July 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by September 16, 2022.
OFFER
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) on up to $1,000 of purchases in the first 2 months Until July 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 24.99%
$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 thousands of partners and at least 1% cashback guaranteed.
RBC Rewards+ Visa
3,500
Up to 1 points per $2 spent
19.99%
$0
Min. recommended credit score: 650
Earn up to 3,500 RBC Rewards points by going digital in the first 60 days.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
12.99%
$0 annual fee for the first year ($20 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 $20 annual fee waived in the first year.
Walmart Rewards Mastercard
Up to $25 in Reward Dollars
Up to 1.25% cash back
19.89%
$0
Min. recommended credit score: 650
Get up to $25 in bonus Walmart Reward Dollars.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points).
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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.Get 10% bonus cash back at eligible restaurants and bars for the first 4 months (up to $500 spend). Plus, get a 9.99% introductory annual interest rate on purchases for the first 6 months. 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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