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Overview
If you currently have the Wealthsimple Visa Infinite* credit card, you may be eligible for a free upgrade to the Visa Infinite Privilege* credit card.
If you upgrade to the Visa Infinite Privilege card, we'll automatically upgrade your benefits, and you'll get access to improved insurance and perks. You can choose whether to keep your current physical card or order a new one. The upgrade process happens within the Wealthsimple app.
Eligibility
To be eligible for the Wealthsimple Visa Infinite Privilege credit card, you must meet at least one of the following:
- Personal income of at least $150,000, or
- Household income of at least $200,000, or
- Total savings and investments of at least $400,000, or
- Annual credit card spend of at least $50,000
How to upgrade
You can initiate the upgrade in the app:
- Open the Wealthsimple app
- Tap your credit card account
- Tap the Settings (gear) icon in the top right corner
- Tap Upgrade card to begin the process
- You'll see a screen noting the improved benefits
- Tap See if you're eligible
- Select the eligibility criteria that apply to you, if any
- Tap Confirm to proceed
- If eligible, tap Upgrade to proceed
Choose if you'd like a new card or keep the same card
During the upgrade process, you have the choice to either keep your current Visa Infinite physical card or order a new Visa Infinite Privilege physical card.
- Keep your current card: We'll upgrade your benefits instantly, and your existing physical and virtual cards will continue to work. Your primary account number, CVV, and expiry date won't change, so you won't need to update your payment information with existing merchants or subscriptions.
- Order a new card: We'll upgrade your benefits instantly, and your virtual card will continue to work. Once you activate the new physical card, your CVV and expiry date will change (your primary account number will stay the same). This means you will need to update your card information anywhere you have it saved on file. Your old card will continue to work until you activate your new one, at which point the old one will be deactivated automatically.
Improved benefits and perks
The Visa Infinite Privilege card includes improved benefits and insurance.
- Airport access and perks: Includes access to over 1,200 airport lounges worldwide.
- Travel and security insurance: Coverage includes out-of-province travel medical coverage up to $2,000,000, baggage insurance up to $1,000, trip cancellation coverage up to $5,000 per trip, purchase security, and rental car insurance up to $65,000.
- Other perks: Includes benefits from the Luxury Hotel Collection and Enhanced Visa perks.
Frequently asked questions
Does the upgrade cost anything?
There is no fee to upgrade your card. The annual fee for the Visa Infinite Privilege card is $240 (charged $20/month, or annually for Quebec residents). Fee waivers are available for Premium and Generation clients, or for Core clients who set up a qualifying direct deposit of $4,000 or more per month. See the full terms and conditions for more details.
Will checking my eligibility affect my credit score?
No, checking your eligibility for the upgrade won't impact your credit score.
How long will it take to get my new physical card if I order one?
If you order a new card, your physical card will typically arrive in 7 business days. Your virtual card details are available immediately in the Wealthsimple app.
Can I update the card art in my digital wallet so it shows a Visa Infinite Privilege card?
Yes, please follow these steps to update it.
* Trademark of Visa Int., used under license.
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