The Wealthsimple Cash 5% cash back promotional offer (the “Offer”) is valid for new and existing users of the Wealthsimple Cash Visa Prepaid Card (Cash Card) (“Cash Card”). The 5% earn rate, which may be subject to change, applies to qualified spend (less refunds and excluding cash-like transactions, any applicable fees and adjustments).
Qualified spend for the Offer applies only to transactions that take place between 12:00am EST on Fridays and 11:59pm EST on Sundays and to the following food and restaurant categories as classified by Visa’s “Merchant Category Codes” (“Qualifying Spend”):
- 5812 - Eating Places and Restaurants
- 5813 - Drinking Places
- 5814 - Fast Food Restaurants
- 5499 - Convenience Stores and Specialty Markets
Wealthsimple cannot guarantee that any merchant, operating in whole or in part as a food or restaurant merchant is classified as one of the MCC codes listed above and Wealthsimple will in no event be liable or responsible for any claims with respect to a purchase made at a merchant that is not classified as one of the MCC codes above. In each case, Wealthsimple will have absolute discretion in determining whether the Offer applies to a particular purchase and in the calculation of any Qualifying Spend.
Cash back credits are earned on net purchases only and pay out will occur within 7 business days after the Qualified Spend transaction.
Wealthsimple reserves the right to amend, withdraw or restrict the Offer at any time without notice. Wealthsimple is the sole arbiter of these rules, the calculation of Qualifying Spend, and any other issue arising in connection with the Offer. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the applicable Wealthsimple Cash account and take any other action it deems appropriate including, but not limited to, closing the applicable Wealthsimple Cash account. An invitation to participate in this Offer does not provide assurance that the referred customer will be accepted as a customer of Wealthsimple. This offer is only valid for individuals in Canada that otherwise meet Wealthsimple’s eligibility requirements. Wealthsimple’s standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and any agreements that apply to the Wealthsimple Cash account each apply and are not affected in any way by this Offer.
The Wealthsimple Visa Prepaid Card (Cash Card) is issued by People's Trust Company pursuant to license by Visa Int. All terms applicable to the Cash Card and all applicable fees and transaction limits with respect to the Cash Card and the services may be found in the Wealthsimple Cash Visa® Prepaid Card Cardholder Agreement between you and Peoples Trust Company. All trademarks belong to their respective owners and do not necessarily denote a direct relationship or endorsement of this Offer or Wealthsimple.
The Wealthsimple Cash product is offered by Wealthsimple Payments Inc., a FINTRAC registered money services business. Funds used to send, receive or spend money in your Cash account are held in a Wealthsimple Save account. Our Save product is offered by Canadian ShareOwner Investments Inc. ShareOwner is a member of the Investment Industry Regulatory Organization of Canada. Customer accounts held at ShareOwner are not protected by CIPF. Wealthsimple is not a member of IIROC nor a member of CIPF.