Earn cash back with your credit card

In this article:

Overview

Note: We’re releasing limited quantities of cards over the coming months. Once you join the waitlist in the app, we’ll send you a notification when cards are available, and you can apply. Make sure you have push notifications turned on in your settings to get the notification.

As a Wealthsimple Visa Infinite* cardholder, you get unlimited 2% cash back on all purchases you make, excluding:

We'll credit cash back to your spendable chequing account monthly within 7 days of your statement date.

Tip: Your spendable chequing account is the account linked to your physical Wealthsimple prepaid Mastercard. You can switch which account is spendable.

View the full terms and conditions

View your earned cash back

There are a few ways you can view your earned cash back on credit card purchases:

  1. In the details of each purchase in your activity history
  2. As a new activity line in your activity history, showing the total of your last statements' cash back amount
  3. In the cash back widget on your credit card account screen
  4. In your spendable chequing account statement

Review your cash back widget

The cash back widget on your credit card account screen shows your earned cash back for the current statement period. You can tap the widget for a detailed view, including historical earnings and your all-time cash back.

Follow these steps to view your cash back widget:

  1. Sign in to the Wealthsimple app on your mobile device
  2. Tap your credit card account
  3. Tap the cash back widget
  4. Review your cash back history
Tip: Tap a previous month's bar to view the cash back details for that month. 

Frequently asked questions

I didn't get the correct amount of cash back. What should I do?

First, we recommend checking if the purchase has settled. Settled transaction amounts can change, causing your final cash back amount to adjust accordingly. Your final cashback amount may vary from what was initially displayed in your activity history.

Next, we recommend checking if a refund was recently processed. We'll reverse the cash back amount you received from the original purchase.

If you still believe you didn't get the right amount, please contact our support team.

What happens if I get a refund?

We'll reverse the cash back. The cash back reversal amount will be calculated based on the refunded amount.

What's considered a cash-like transaction?

While some merchants provide us with a code that is labelled under cash-like transactions, if your purchase doesn't fall under these defined categories, please reach out to our support team with a copy of your receipt, and we'll credit your correct cash back.

* Trademark of Visa Int., used under license.

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