Pros
- ✓Welcome Bonus: $25
- ✓No annual fee
Cons
- ✗No purchase protection
Our Review
With the Wealthsimple Prepaid Mastercard, you can access your available funds in your Wealthsimple Cash account.
With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.
You can invest your money in an investment account or a cryptocurrency of your choice. Also, you earn interest on your Wealthsimple Cash account balance! Wealthsimple Generation clients can earn an interest rate of up to 2.25%.
In addition, there are no foreign transaction fees for any purchase made in a currency other than the Canadian dollar and no annual fees.
Rewards
All Spending
1x
Cash Back pts per dollar
Terms & Conditions
Card Features
- Welcome Offer: $25 cash bonus for any new Wealthsimple client who opens and funds their account with as little as $1 within 30 days
- No monthly fees
- No foreign transaction fees
- No ATM fees
Legal
Terms and conditions apply. For the most up-to-date product details, please visit Wealthsimple.com.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Wealthsimple. All trademarks are property of their respective owners.