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Simplii Financial Cash Back Visa Card

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Simplii Financial Cash Back Visa Card
Welcome Offer
10% cash back
Rewards
Up to 4% cash back
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Earn up to 4% cash back on your purchases with the Simplii Cash Back Visa Card.

Get a $50 Skip Digital Gift Card after you spend $50. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Up to $500 spend. Conditions apply. Valid until October 31, 2023

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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, 1.5% on elegible groceries, gas and prescriptions, and 0.5% on just about everything else. Get a $50 Skip Digital Gift Card after you spend $50. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Up to $500 spend. Conditions apply. Valid until October 31, 2023

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 a $50 Skip Digital Gift Card after you spend $50. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Up to $500 spend. Conditions apply. Valid until October 31, 2023
  • 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, 1.5% on elegible groceries, gas and prescriptions, and 0.5% 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.

Simplii Financial Cash Back Visa Card interest rates

Interest TypeInterest Rate
Purchase interest rate19.99%
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

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
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) when you spend $1,000 in the first 2 months. Valid until October 31, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
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.
OFFER
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, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
20.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points (value of up to $1,100). Apply by November 27, 2023.
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). That’s up to $300 towards a weekend getaway or concert tickets.
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. Apply by October 31, 2023.
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 in the first year.
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. Apply by October 31, 2023.
American Express Green Card
10,000 points
1 point per $1 spent
20.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months as a new Cardmember. That’s $100 towards groceries or concert tickets.
BMO Ascend World Elite Mastercard
60,000 points
Up to 5x points per $1 spent
20.99%
$0 annual fee for the first year ($150 thereafter)
Min. recommended credit score: 760
Get up to 60,000 points and get the $150 annual fee waived in the first year.
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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 a $50 Skip Digital Gift Card after you spend $50. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Up to $500 spend. Conditions apply. Valid until October 31, 2023 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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