What is the benefit of using the Wealthsimple Card instead of my debit or credit card?
With the Wealthsimple Card, there are no interest rates, no annual fees, and you can earn 1% cash back on all purchases. You can use cash you earn back to spend directly through your spending (Cash) account, or you can invest it into stocks and ETFs or cryptocurrency.

How does the 1% cash back promotion work?
With the Wealthsimple Card, you can receive 1% cash back on all purchases. This cash will be added directly to your spending account, and be available to spend right away.

How does the stock or Crypto back promotion work?
Instead of earning 1% cash back to your spending account, you can choose to invest it directly in either stocks and ETFs, or cryptocurrency. These cash back rewards are deposited into one of your trading accounts.

Will the Wealthsimple Card affect my credit score?
No, Wealthsimple cards are prepaid Visa cards so it will not impact your credit score.

Can I have more than one card for my account?
No, Wealthsimple Cards are limited to one per person.

How does it work when Wealthsimple isn’t a bank?
The Wealthsimple Card is a prepaid Visa card. When you insert your card at a terminal, you will need to select credit. The card uses the Visa payments system and is accepted everywhere Visa is accepted.

How does Wealthsimple make money through spending accounts? 
There are no account, management, or transaction fees associated with the Wealthsimple spending (Cash) account.

We've designed the product to be simple and without any hidden administration fees. 

We want to offer a variety of low-cost (or free) financial products for folks. While our spending account is free, there are fees associated with managed and trading accounts. We expect that folks who use spending accounts may also use our other products. You have no obligation to use those platforms, though we definitely encourage it.

Does Wealthsimple sell your personal or spending data?
No, Wealthsimple does not sell any of our clients’ data.

Why is my virtual card number different from my physical card number?
This is completely normal. Your virtual card number and physical card number are meant to be different.

How do I start using the Wealthsimple Card?
You can check out the below articles to get your card set up and ready to use:

• Set up your Wealthsimple Card
• Add funds to your account
• Request a physical Wealthsimple Card
• Sync or update your Wealthsimple Card PIN