Overview

As of October 1, 2025, the Wealthsimple prepaid Mastercard is a 0% cash back card. The last day to earn 1% cash back was September 30, 2025. You’ll receive your final cash back payout within 7 business days of November 1, 2025.

View your historical cash back earnings

You can view your historical cash back earnings directly from your Wealthsimple app.

1. Log in to your Wealthsimple app
2. Swipe right or tap the Spend tab
3. Tap the chequing account linked to your prepaid Mastercard
4. Scroll down to Activity
5. Tap View all
6. Tap the Filter icon in the top right corner
7. Choose Type from the menu
8. Select Refunds and reimbursements
9. Tap Done
10. Review your historical Cash back activities

Terms and conditions

1% cash back

The Wealthsimple Prepaid Mastercard 1% cash back promotional offer (the "Offer") is valid for new and existing users of the Wealthsimple Prepaid Mastercard ("Card"). The 1% earn rate, which may be subject to change, applies to all transactions made prior to October 1, 2025, less refunds and excluding cash-like transactions, any applicable fees and adjustments ("Qualified Spend").

Cash back credits are earned on net purchases only and pay out will occur within 7 business days of the 1st of the following month after the Qualified Spend transaction.

You can also choose to earn stock and Crypto rewards back.

Wealthsimple Payments Inc. ("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 chequing account and take any other action it deems appropriate including, but not limited to, closing the applicable Wealthsimple chequing 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 chequing account each apply and are not affected in any way by this Offer.

Wealthsimple chequing accounts

Wealthsimple chequing accounts are offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization (“CIRO”), and Wealthsimple Payments Inc. (“WSP”), a FINTRAC registered money services business. WSP has appointed WSII as its agent to perform certain payment activities offered through the chequing account(s). The funds added to chequing account(s) (the “Funds”) are ultimately held securely in trust in the name of the primary account holder with a single or multiple members of the Canada Deposit Insurance Corporation (“CDIC”). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. WSP and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. Funds must be spread across at least 10 CDIC member institutions in order for up to $1,000,000 in deposits to benefit from applicable CDIC coverage. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds. The rates are annualized rates, calculated daily, and paid monthly. Subject to change. For more information see here. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the Account.

The Wealthsimple Prepaid Mastercard® (the “Card”) is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. All terms applicable to the Card and all applicable fees and transaction limits with respect to the Card and the services may be found in the Wealthsimple Cardholder Agreement between you and KOHO Financial Inc. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.