In this article:
Overview
As a Wealthsimple credit card holder, you get access to premium insurance coverage that includes travel protection, purchase protection, and an extended warranty. To be eligible for coverage, you must pay for your travel, monthly phone bill, or other purchases with your Wealthsimple credit card. For all insurance types, exclusions and limitations apply.
Capitalized terms are defined in the certificate of insurance.
Compare credit card insurance benefits
Review the insurance benefits offered through the Wealthsimple Visa Infinite* and Wealthsimple Visa Infinite Privilege* credit cards:
| Benefit | Visa Infinite card | Visa Infinite Privilege card |
| Out-of-province travel medical | Up to $1,000,000 in emergency medical expenses | Up to $2,000,000 in emergency medical expenses |
| Trip cancellation/interruption | Up to $1,000 per eligible person, max $3,000 per trip | Up to $1,500 per occurrence, max $5,000 per trip |
| Delayed and lost baggage | Up to $1,000 | Up to $1,250 |
| Purchase security | Up to $1,000 per occurrence, max $10,000 total | Up to $1,000 per occurrence, max $10,000 total |
| Mobile phone | Up to $1,000 with $50 deductible | Up to $1,000 with $50 deductible |
| Extended warranty | Doubles the manufacturer's repair period up to one year | Doubles the manufacturer's repair period up to one year |
| Car rental collision/loss damage | No | Yes |
Insurance benefits coverage and eligibility
Learn more about the insurance coverage available to Visa Infinite and Visa Infinite Privilege cardholders.
- Shared insurance benefits
- Visa Infinite credit card insurance benefits
- Visa Infinite Privilege credit card insurance benefits
Shared insurance benefits
The following benefits are the same for both the Wealthsimple Visa Infinite and Visa Infinite Privilege credit cards, with some exceptions.
- Purchase security: Protects new items you buy with your credit card against loss, theft, or damage for 90 days. You’re covered for up to $1,000 per occurrence for a total limit of $10,000 maximum per cardholder.
- Extended warranty: This warranty doubles the manufacturer's repair period,up to an additional year.
- Mobile phone insurance: When you pay your monthly phone bill with your credit card, you're protected against theft or damage to your mobile phone. You're covered for up to $1,000 per claim, with a $50 deductible. You have a maximum of 2 claims per 12-month period, and you must pay your monthly phone bill with your card to qualify.
View any exclusions and limitations in the certificate of insurance.
Visa Infinite credit card insurance benefits
Learn more about the detailed breakdown of insurance benefits for the Visa Infinite card.
Out of province/country emergency medical insurance
This insurance covers you and your family (Spouse and Dependant Children only) for up to $1,000,000 in emergency medical expenses while travelling outside your home province or country.
Summary of insurance benefits:
- Coverage: Up to $1,000,000 for emergency medical treatment.
- Eligibility: Under age 65.
- Coverage duration: You're covered for the first 14 consecutive days of your trip.
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Benefits include:
- Hospital and medical expenses
- Emergency dental expenses (up to $2,000 for an accident, $200 for pain)
- Emergency air transportation/evacuation
- Return of deceased (up to $5,000)
- Additional hotel and meal expenses (up to $150/day, maximum $1,500)
- Exclusions & limitations: Refer to pages 8-9 of the certificate of insurance.
Trip cancellation/trip interruption insurance
If you need to cancel or interrupt your trip due to a covered reason, you may be reimbursed for up to $1,000 per eligible person, with a maximum of $3,000 per trip.
Summary of insurance benefits:
- Coverage: Up to $1,000 per eligible person (maximum $3,000 per trip).
- Eligibility: The full cost of the trip must be charged to your card.
- Covered interruption reasons: Refer to page 14 of the certificate of insurance.
- Covered cancellation reasons: Refer to pages 13-14 of the certificate of insurance.
- Exclusions & limitations: Refer to page 15 of the certificate of insurance.
Delayed & lost baggage insurance
This insurance can cover you for emergency purchases if your baggage is delayed for more than 6 hours. It can also cover lost or damaged baggage.
Summary of insurance benefits:
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Coverage:
- Delayed baggage: Up to $500 for emergency purchases
- Lost/damaged baggage: Up to $750 for emergency purchases
- Maximum combined coverage: $1,000
- Eligibility: The full cost of an airline ticket must be charged to your card.
- Coverage duration: You must make your emergency purchases within 96 hours for delays over 6 hours.
- Exclusions & limitations: Refer to pages 18-19 of the certificate of insurance.
Note: This insurance isn't available to residents of Quebec.
Visa Infinite Privilege credit card insurance benefits
The Visa Infinite Privilege credit card offers all the same insurance travel benefits as the Visa Infinite card, but with higher coverage limits.
Out of province/country emergency medical insurance
This insurance covers you and your family (Spouse and Dependant Children only) for up to $2,000,000 in emergency medical expenses while you're travelling outside your home province or country.
Summary of insurance benefits:
- Eligibility: Cardholders under the age of 65 only.
- Coverage duration: You're covered for the first 14 consecutive days of your trip.
-
Benefits include:
- Hospital and medical expenses
- Emergency dental expenses (up to $2,000 for an accident, $200 for pain)
- Emergency air transportation/evacuation
- Return of deceased (up to $5,000)
- Additional hotel and meal expenses (up to $150/day, maximum $1,500)
- Exclusions & limitations: Refer to pages 37-38 of the certificate of insurance.
Note: This insurance isn't available to residents of Quebec.
Trip cancellation/interruption insurance
If you need to cancel or interrupt your trip due to a covered reason, you may be reimbursed for up to $1,500 per occurrence, with a maximum of $5,000 per trip.
Summary of insurance benefits:
- Coverage: Up to $1,500 per eligible person (maximum $5,000 per trip).
- Eligibility: The full cost of the trip must be charged to your card.
- Covered interruption reasons: Refer to page 43 of the certificate of insurance.
- Covered cancellation reasons: Refer to pages 42-43 of the certificate of insurance.
- Exclusions & limitations: Refer to page 44 of the certificate of insurance.
Note: This insurance isn't available to residents of Quebec.
Delayed & lost baggage insurance
This insurance can cover you for emergency purchases if your baggage is delayed for more than 6 hours. It can also cover lost or damaged baggage.
Summary of insurance benefits:
-
Coverage:
- Delayed baggage: Up to $1,000 for emergency purchases
- Lost/damaged baggage: Up to $1,000 for emergency purchases
- Maximum combined coverage: $1,250
- Eligibility: The full cost of an airline ticket must be charged to your card.
- Coverage duration: You must make your emergency purchases within 96 hours for delays over 6 hours.
- Exclusions & limitations: Refer to pages 47-48 of the certificate of insurance.
Note: This insurance isn't available to residents of Quebec.
Car rental collision/loss damage
This benefit provides coverage for damage or theft of a rental car. Visa Infinite Privilege cardholders have up to 31 days of coverage with a maximum limit of $65,000 MSRP. View exclusions and limitations on pages 51-52 of the certificate of insurance.
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* Trademark of Visa Int., used under license.
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