Wealthsimple in Quebec: 2% Cash Back and Travel Insurance to Activate

Infinite+: 2% cash back on everyday purchases

The Wealthsimple Visa Infinite+ Card combines unlimited 2% cash back on eligible purchases with no added FX fees on foreign-currency purchases. There are no spending categories to track or annual cash back cap.

With Quebec enrolment, it also provides four travel insurance coverages at no extra cost. Emergency medical insurance has a $1 million limit; cancellation or interruption pays up to $1,000 per eligible person. It does not include the rental vehicle coverage provided by the Privilege card.

View the Wealthsimple Visa Infinite+ offer.

Infinite Privilege: the same rewards with higher coverage limits

The Wealthsimple Visa Infinite Privilege Card has higher qualification requirements. Its base rewards rate and foreign transaction fee benefit match Infinite+.

The main differences are in benefits: emergency medical coverage reaches $2 million, cancellation or interruption pays up to $1,500 per eligible person, and baggage limits are higher. It also includes collision and damage insurance for eligible rental vehicles and access to Visa Airport Companion under the program’s terms.

Explore the Wealthsimple Visa Infinite Privilege offer.

Infinite 1%: no annual fee, with three benefits to choose

The Visa Infinite 1% beta card has no annual fee, regardless of whether you receive payroll deposits or hold $100,000 in assets. Its base cash back rate is 1%, without a cap. Access during beta is by invitation.

You choose three personalized benefits. Each travel insurance coverage uses one selection, and the FX fee benefit uses another. You cannot combine all four travel coverages and the FX fee benefit within three choices.

Purchase protection and extended warranty are included. Mobile phone and rental vehicle insurance are also benefits you can select. The help page says selections are locked for 12 months. This card’s Quebec insurance certificate is dated October 23, 2026.

Another distinction: the older Visa Infinite 2% card shares the Infinite+ certificate. Its name does not refer to the new 1% beta product.

How much can the 2% cards earn you?

Unlimited cash back, before any fees

The base calculation is straightforward: eligible purchases multiplied by 2%. There is no annual rewards cap. Cash-like transactions, fees, refunds, and adjustments are excluded.

Example for $24,000 in eligible annual spending:

• Base cash back: $480.
• Cash back after a waived annual fee: $480, before other possible costs.
• Standard annual fee without a waiver: $240.
• Cash back after that standard fee: $240.

At the same spending level, a no-fee card paying 1% also earns $240. Looking only at base rewards, the extra percentage point offsets the fee on the 2% card at $24,000 in annual purchases. Insurance and other benefits can change the comparison, depending on how you use them.

The proposition is particularly attractive if you qualify for a $0 annual fee on a 2% card. Compare alternatives with our credit card comparison tool.

Savings on currency conversion are separate from rewards

Infinite+ and Infinite Privilege do not add FX fees to foreign-currency purchases. Visa still converts the transaction at its applicable exchange rate. A merchant may also offer conversion with its own markup; paying in local currency generally avoids that option.

Example for purchases abroad equivalent to $4,000 CAD:

• Charges on a card with a 2.5% FX fee: $100.
• FX fees added by a Wealthsimple 2% card: $0.
• Base cash back on those eligible purchases: $80.

Avoided conversion fees and rewards earned are separate benefits. On the 1% card, you must select the FX fee benefit. Wealthsimple describes that benefit as a fee reimbursement visible in transaction history, rather than the automatic exemption provided by the other two cards.

Conditions for a $0 annual fee in Quebec

Two main ways to waive the fee

Infinite+ and Infinite Privilege have a standard $240 annual fee in Quebec. As of November 10, 2026, Wealthsimple lists these main routes to a waiver:

• Individual assets: at least $100,000 in net deposits or total assets at Wealthsimple, excluding business or corporate accounts.
• Direct deposits: at least $4,000 in qualifying direct deposits into your personal Wealthsimple chequing account during a calendar month.

For the relevant billing cycle, the current help page considers the previous or current calendar month. This is not simply a minimum chequing balance or a one-time transfer between your accounts.

Since April 28, 2026, belonging to a Premium or Generation household has not automatically waived the fee for new cases. Wealthsimple says household-based waivers obtained before that date remain honoured until further notice.

Qualifying after the fee has been charged

In Quebec, the annual fee is charged at issuance if you do not qualify for a waiver. If you qualify later, Wealthsimple provides a refund for the remaining months of your current card year, at $20 per month. Check the following statement and confirmation of eligibility.

Enrolling in travel insurance does not change the calculation: it does not add a fee or, by itself, waive the card fee. Review the official fee and qualification terms before moving payroll or investments.

If you meet one of those waiver conditions, compare the Wealthsimple Visa Infinite+ offer and the Wealthsimple Visa Infinite Privilege offer. Eliminating the fee lets you keep more of your 2% cash back; approval for the card is a separate requirement.

Card qualification and fee waivers are different tests

All three versions require Canadian residency, the age of majority, and an active Wealthsimple chequing account. Wealthsimple’s assessment still determines approval. For each card, the help page says you must meet at least one of the following thresholds.

For the Infinite 1% beta card:

• Personal income: $60,000.
• Household income: $100,000.
• Savings and investments: $250,000.
• Annual credit card spending: $15,000.

For Infinite+:

• Personal income: $80,000.
• Household income: $150,000.
• Savings and investments: $300,000.
• Annual credit card spending: $25,000.

For Infinite Privilege:

• Personal income: $150,000.
• Household income: $200,000.
• Savings and investments: $400,000.
• Annual credit card spending: $50,000.

The savings thresholds in this list are different from the amount required for a fee waiver. The 1% card remains an invitation-only beta; some clients may encounter a waitlist for the 2% cards.

How to add travel insurance in Quebec

The cardholder email provides a link to enrolment. You can also sign in directly to your Wealthsimple account without finding the message.

1. Select your credit card account in the app.
2. Open settings using the gear icon.
3. Choose the option to add travel coverage.
4. Read the benefits and open the certificates.
5. Select the consent checkbox, then confirm with Add benefits.
6. Make sure Wealthsimple confirms your enrolment.

On the website, the option is in your credit card account details. The screenshot below shows the English screen and consent checkbox.

The official enrolment instructions explain how to check confirmation. The Wealthsimple benefits comparison details differences between products.

Check an enrolment still being processed

Wealthsimple says it sends an email after confirming enrolment. Contact support if your settings show that enrolment failed. Keep the confirmation and its date.

Activation is not retroactive. For cancellation, interruption, baggage, and flight delay coverages on the 2% cards, the official help page says the relevant trips or tickets must be booked and paid for after Quebec enrolment. Medical protection follows its own departure and effective-date conditions.

Chubb Insurance Company of Canada provides the insurance through Walnut Insurance Inc. Enrolment is optional. To cancel it, contact support: current instructions say the four travel coverages on the 2% cards are removed together, without changing the annual fee.

What the insurance limits mean for your trip budget

Emergency medical: check age and duration before the dollar limit

The maximum is $1,000,000 for Infinite+ or the selected medical benefit on the 1% card, and $2,000,000 for Infinite Privilege. These limits concern eligible emergency expenses beyond payments available from government health insurance and other applicable insurance.

The supplied English and French certificates state the first 21 consecutive days, counting departure and return, for insured people under age 65. Some help pages still show 14 days. If your trip depends on that difference, ask the insurer to confirm the duration in the certificate attached to your account before departure.

The cardholder must keep the account in good standing and maintain the required government health insurance. The trip must be outside the home province or territory. The medical section does not make charging the trip to the card a condition, unlike booking-related benefits.

For a longer stay or travel at age 65 and above, examine separate coverage. Automatic extensions address defined medical emergencies or carrier delays; they do not replace long-stay insurance.

Medical sublimits and assistance

Subject to conditions, benefits address hospitalization, doctors, certain medication, and ambulance services. Specific sublimits include:

• Accidental dental injury: up to $2,000.
• Emergency dental pain relief: up to $200.
• Certain prescribed paramedical services: up to $250 per discipline.
• Approved private nursing during hospitalization: up to $5,000.
• Extra hotel and meals following a medical emergency: up to $150 daily, maximum $1,500.
• Excess baggage returned during an eligible air ambulance evacuation: up to $500.

Evacuation, medical accompaniment, returning children or a vehicle, and repatriating remains have authorization requirements and, depending on the service, further sublimits. Extensions can include hospitalization and up to five days after discharge, up to five days for certain medically delayed returns, or up to 72 hours for a qualifying carrier delay.

Cancellation: compare the limit with each person’s costs

• Infinite+ and the corresponding selected benefit on the 1% card: up to $1,000 per person, maximum $3,000 per trip.
• Infinite Privilege: up to $1,500 per person, maximum $5,000 per trip.

For a trip costing $4,000 per person in prepaid expenses, even Privilege does not guarantee reimbursement of the full amount. Compare non-refundable reservations with the individual limit, then the overall trip limit.

The full cost must be charged to the card. The certificate’s definition allows redeemed travel rewards to be deducted, provided a dollar amount is paid with the card. An ordinary booking split between cards without using points does not automatically qualify under that provision.

Insurance reimburses eligible losses caused by a listed event. Changing your mind or finding a better price elsewhere is not a covered reason.

Interruption and reasons for a claim

Interruption uses the per-person and per-trip limits for the relevant card. It can cover certain extra economy transportation costs, unused prepaid arrangements, or a single supplement. Hotel and meals following an eligible delayed return can reach $150 daily, to a $1,000 maximum, under the certificate’s limits.

Listed reasons include death, unexpected illness or injury supported by a physician’s written recommendation, hospitalization of your host, a judicial summons, and a principal residence becoming uninhabitable.

The certificate also addresses certain public-service recalls, employer-required relocations before departure, and transportation incidents. Specific conditions apply, including, in some cases, losing at least 30% of the trip or scheduling connecting transportation to arrive at least two hours before departure. Global Affairs Canada advisories qualify only in defined circumstances; epidemic exclusions apply to the relevant clauses.

Baggage: delayed essentials and a lost suitcase have a combined cap

For Infinite+ and the selected benefit on the 1% card:

• Delay exceeding six hours: up to $500 in emergency purchases.
• Lost or damaged checked baggage: up to $750.
• Combined maximum: $1,000.

For Infinite Privilege:

• Emergency purchases: up to $1,000.
• Lost or damaged checked baggage: up to $1,000.
• Combined maximum: $1,250.

The separate limits cannot be freely added together. Purchases must occur before bags are returned and within 96 hours of arrival. Delays on the final leg home are excluded. The full ticket cost must be charged to the card, using the applicable definition concerning rewards points.

Excluded contents include electronic equipment, cameras, cash, valuable documents, and business items. Report the problem to the carrier and keep its report and your receipts.

Flight delays: reimbursement of documented expenses

All three versions can provide the same limits, although the 1% card requires selection of the benefit. Certain delays, denied boarding caused by overbooking, and missed connections trigger coverage after three hours, without a replacement flight being offered within the specified period.

The certificate sets several limits to read together:

• Eligible hotel, meals, and purchases: up to $1,000 daily.
• Maximum period: 48 hours.
• Multiple claimants: $1,000 per person and $2,500 per occurrence.

Do not multiply those figures to assume a larger payment. Coverage ends when another flight is offered or alternative transportation is used, depending on the applicable clause. The full ticket must be paid with the card. Carrier reimbursements and other insurance reduce the remaining eligible loss.

With the same cash-back rate, insurance limits can help you choose between the Wealthsimple Visa Infinite+ Card and the Wealthsimple Visa Infinite Privilege Card. Match protection to your booking costs and trip length, then enrol in Quebec.

Family, health, and exclusions: the decisive checks

Who can be covered?

Eligible cardholders and spouses can be covered, including a spouse travelling alone. Dependent children must travel with the cardholder or spouse.

The definition includes unmarried children living in the cardholder’s household who are under 21, or under 26 and studying full-time. It also addresses certain disabled children entirely dependent on the cardholder. Canadian residency and, for medical insurance, government health coverage are among the requirements.

A travelling companion mentioned in a cancellation clause does not automatically receive insured-person benefits. The under-65 restriction applies to medical protection and should not be extended to every coverage.

Pre-existing conditions can limit protection

A pre-existing condition must meet the six-month stability requirement before departure for medical insurance. For cancellation and interruption, the relevant period precedes the start of the corresponding coverage.

The stability definition considers treatment, medication, symptoms, hospitalization, and pending investigations. Ask the insurer about a change in circumstances: having no symptoms is not always enough.

Other exclusions address foreseeable events, certain travel advisories, non-emergency care, travel against medical advice, and specified pregnancy complications during the nine weeks before the expected delivery date. Dangerous activities, professional sports, alcohol or drug abuse, certain mental or emotional conditions, intentional or criminal acts, war, and computer incidents are also subject to clauses. Each coverage has its own exclusions.

Rental vehicles, purchases, and phones: further differences

A rental exceeding 31 days is not partly covered

Rental vehicle collision and damage coverage is included with Infinite Privilege and can be selected on the 1% card. It is not included with Infinite+.

Coverage concerns eligible rentals lasting no more than 31 consecutive days, for a vehicle with an MSRP of $100,000 or less. Excluded vehicle categories and models remain important. You must charge the full rental cost to the card and generally decline the agency’s collision damage waiver where legally permitted.

A rental exceeding 31 days is excluded from day one, even if extended after pickup. This coverage does not replace liability insurance or insurance for injuries to people.

Purchases and phones: payment method matters

All three cards include protection for certain new purchases against theft or damage for 90 days, provided the full purchase price is charged to the card. Extended warranty can double an eligible manufacturer’s warranty, up to one additional year, where the original warranty does not exceed five years. The limit is $1,000 per claim, with a $10,000 total limit per cardholder for these coverages.

For purchase protection and extended warranty, the certificates provide a maximum of $1,000 per claim, with an overall $10,000 limit per cardholder across cards issued in their name by Wealthsimple. Reimbursement also depends on repair costs, the item’s value, and the certificate’s other limits.

Mobile phone coverage can reimburse certain theft or damage losses up to $1,000 per claim, with a $50 deductible and at most two claims in 12 months. It is included on the 2% cards and selectable on the 1% card. Pay the monthly wireless bill with the card: coverage begins on the first day of the following month and can be suspended if a monthly payment is missed.

Keep these numbers and documents with your reservations

For a medical emergency, call Chubb Travel Assistance at 1-833-654-1253, or 514-285-0187 collect. Call before treatment where possible, within 24 hours of hospitalization, or as soon as reasonably possible. Someone else can call on your behalf.

Without a call, or with an unapproved provider, the certificate provides for a 20% contribution on the first $25,000 of covered expenses remaining after government health insurance payments, subject to conditions.

For other claims, call Crawford & Company at 1-888-359-0394. Report a cancellation or interruption immediately; exceeding 48 hours can reduce reimbursement. Travel coverages generally require written notice within 30 days and completed documentation within six months. Check the deadlines for other benefits.

Keep proof of payment, invoices, carrier reports, medical documentation, and enrolment confirmations.

Read the matching certificate

• Infinite+ and older Visa Infinite 2%: November 2, 2026 certificate.
• Visa Infinite Privilege: November 2, 2026 certificate.
• Visa Infinite 1% beta: October 23, 2026 certificate.

The certificates and master policies govern benefits. This comparison does not replace their definitions, exclusions, or conditions.

Which card fits your circumstances?

Receiving at least $4,000 in qualifying monthly direct deposits, or holding $100,000 individually with Wealthsimple? A 2% card deserves consideration if you qualify for issuance. It can combine uncapped cash back, a waived annual fee, and travel coverage available through enrolment.

Eligible for Privilege and renting cars? Its additional insurance limits and rental vehicle protection can help distinguish the two 2% versions, provided you satisfy the exclusions and conditions.

Unable to qualify for a waiver and spending relatively little? Compare the $240 fee with your purchase volume. The 1% card can cost less if offered to you, although selecting only three benefits requires trade-offs.

Travelling longer, aged 65 or above, or managing pre-existing conditions? Assess suitable insurance before relying on card coverage.

Read the Infinite+ product page or compare Infinite Privilege. Explore other choices in our best credit cards guide.

Wealthsimple is also expanding its banking services

This card update follows several other developments. Our report on Wealthsimple’s Penny, Pro, and business card announcements distinguishes available products from planned launches.

We also cover real-time payments in Canada and Wealthsimple’s rollout and the business chequing account for sole proprietors. Business accounts remain separate from the personal assets and deposits used for card fee waivers.

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Before booking your next trip, compare the Wealthsimple Visa Infinite+ offer with the Wealthsimple Visa Infinite Privilege offer. Both combine uncapped 2% cash back and purchases without added FX fees; check whether you qualify for a fee waiver as well.

Frequently asked questions