Simplii Financial™ Cash Back Visa* Card

✓

Pros

✓Welcome Bonus: $100
✓Up to 4x on Restaurants
✓Purchase protection included
✓No annual fee

✗

Cons

✗Foreign Transaction Fee (2.5%)

Our Review

The Simplii Financial™ Cash Back Visa* is a no-annual-fee credit card that turns your everyday spending into real cash back.

With this limited-time offer, earn 20% cash back for your first 3 months on up to $500 in spending on gas, groceries, drugstore purchases and pre-authorized payments — that’s up to $100 back in your pocket.

After the welcome period, the Simplii Financial™ Cash Back Visa* continues to reward you with competitive cash-back rates on your most frequent purchases:

4% cash back on restaurants, bars and coffee shops (up to $5,000 per calendar year)†
1.5% cash back on grocery stores, gas stations, drugstores and pre-authorized payments (up to $15,000 per calendar year)†
0.5% cash back on all other purchases, with no annual spending limit†

With no annual fee and strong rewards on everyday categories, the Simplii Financial™ Cash Back Visa* is a smart choice for anyone looking to get more value from their daily spending.

Rewards

All Spending

0.5x

Cash Back pts per dollar

Groceries

1.5x

Restaurants

4x

Pharmacy

1.5x

Gas

1.5x

Recurring

1.5x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries1.50%

$400/month

Restaurants4.00%

$160/month

Pharmacy1.50%

$150/month

Gas1.50%

$300/month

Recurring1.50%

$300/month

All other spending0.50%

$700/month

Cashback earned

$326

$/yr

Estimated Value

$326

After Fees

+$326

1st Year Value

$426

incl. welcome bonus

Annual rewards breakdown

Groceries$4,800/yr × 1.50%$72

Restaurants$1,920/yr × 4.00%$77

Pharmacy$1,800/yr × 1.50%$27

Gas$3,600/yr × 1.50%$54

Recurring$3,600/yr × 1.50%$54

All other spending$8,400/yr × 0.50%$42

Total annual spend$24,120

Monthly spend$2,010

Average earn rate1.35%

Total cashback earned$326

Purchase Protection

✓

Purchase Protection

Included

✓

Extended Warranty

+1 year(s)

Interest Rates

Purchase Rate
20.99%
Cash Advance
22.99%
Foreign Transaction Fee
2.5%

Eligibility

Personal Income

$15,000

Household Income

$15,000

Terms & Conditions

Card Features

This product is not available for Quebec residents.

Welcome offer:

Earn 20% cashback† for your first 3 months on up to $500 spend on eligible gas, groceries, drugstore purchases and pre-authorized payments.

Earn:

4% cash back on eligible restaurant, bar and coffee shop purchases up to $5,000 spend per year^†.
1.5% cash back on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year^†.
0.5% cash back on all other credit card purchases with no limit on how much you can earn^†.

Other features:

Purchase Security and Extended Protection Insurance.^† Protect your purchases with double the manufacturer’s warranty, up to one additional year.
Get cash back when you send a Global Money Transfer and pay with your Visa* Card.^†
Send money abroad for no fee with your Simplii Visa using Simplii Global Money Transfer.
No annual fee