It may. We'll run a soft credit check first to see if you pass the initial qualification (this won't affect your score). If you pass the initial qualification and choose to continue, we'll perform a hard credit check, which could impact your credit score. We'll also report your credit card activity to the credit bureau.

Most types of income are considered eligible for the credit card application. During the application, we'll prompt you to enter your income before taxes, which includes alternative income sources like rent, freelance work, or pensions.

Yes. You can reapply after 30 days.

Currently, you can only pay your credit card balance from a Wealthsimple chequing account.

We're continuing to build out our spending products to give more Wealthsimple clients access to a card that works for them, and we're working towards wider availability shortly. Keep an eye on your notification centre and email.

No. Clients who already hold a Wealthsimple credit card (Visa Infinite, Visa Infinite +, or Visa Infinite Privilege) can't apply for other credit card types.

We've released the card to hundreds of thousands of clients in the past few months. Anyone can apply for a credit card at this time.

Our policy for defining credit limits considers a variety of factors to estimate the risk level and the credit needs of each client.

If you're a resident of Quebec, we're required to ask what you would like your ideal credit limit to be. However, we determine your limit by many factors in our approval process. The limit we provide you may differ from what you requested.

You can request a credit card limit increase directly through the Wealthsimple app if you meet certain eligibility requirements. Learn how to request a credit card limit increase.

The Visa Infinite + card is a brand-new tier offered by Visa. While eligibility requirements have changed with this new tier, the benefits and experience remain the same as our previous Visa Infinite card. The only difference in benefits is 10GB extra of mobile data for the Visa Infinite + card.

If you already have a Wealthsimple Visa Infinite credit card, you're getting almost the exact same experience as our new Visa Infinite + card. The only difference is 10GB of extra mobile data.

At this time, we don't have the ability to upgrade from Visa Infinite to Visa Infinite +. We'll share more information as we make developments.

Visa Infinite 1% cards (beta) are made from plastic and come in the following colour options: Vanilla, Matcha, or Coffee. You'll be prompted to select a colour during the application flow.

Visa Infinite + and Visa Infinite Privilege cards are offered in plastic and metal finishes, depending on your client status:

• Core: Plastic card
• Premium and Generation: Metal card

Visa Infinite + and Visa Infinite Privilege cardholders are eligible for a metal card if you have at least $100,000 in assets/net deposits with Wealthsimple (excluding business or corporate accounts). If you meet this requirement after you're approved and receive a plastic card, contact our support team to upgrade your metal card.

No, you can't add another cardholder at this time.

A foreign transaction (FX) fee is a surcharge typically charged on foreign currency transactions. Wealthsimple doesn't charge FX fees, but transactions are still subject to currency conversion from credit card networks, or fees from merchants or financial institutions involved in the transaction. For an estimate, you can use this currency conversion fee calculator (set the Bank fee (%) to 0). This rate may vary between the time of authorization and settlement.

First, check if the purchase has settled. Settled transaction amounts can change, causing your final cash back amount to adjust accordingly. Your final cash back amount may vary from what was initially displayed in your activity history.

Next, check if a refund was recently processed. We'll reverse the cash back amount you received from the original purchase.

If you still believe you didn't get the right amount, contact our support team.

While some merchants provide us with a code that is labelled under cash-like transactions, if your purchase doesn't fall under these defined categories, reach out to our support team with a copy of your receipt and we'll credit your correct cash back.

As of April 28, 2026, being part of a Premium or Generation household no longer automatically waives the $20/month credit card fee. To waive your fees, you need to either individually hold at least $100,000 in assets under management with Wealthsimple (excluding business or corporate accounts), or have a qualifying direct deposit set up. View the terms and conditions for full details.

No. If you were receiving a household-based fee waiver before April 28, 2026, we're honouring your fee waiver until further notice.

After we approve your new credit card, we'll prompt you to set a 4-digit PIN. Your PIN helps protect you from fraud and unauthorized purchases.

Your virtual card is available instantly in the Wealthsimple app. You'll receive your physical card in 7 business days.

To track the status of your physical card:

1. Log in to the Wealthsimple app
2. Select your credit card account
3. Tap the blue banner labelled Your physical card is on the way
4. Review the current status of your card

To receive a metal card, you must have at least $100,000 in assets under management at Wealthsimple (excluding business or corporate accounts) as an individual. If you don't meet this requirement when you renew or replace your card, you'll receive a plastic card instead.

The 3 custom benefits you select during your credit card application are locked in for 12 months. You can't change them in the app or by contacting our support team. You can change your selections after one calendar year.

No, you can't change the colour of your card. The colour you select in the application flow is permanent. This includes when your card renews or if you need to replace it.

Yes. If you don't meet the eligibility requirements for the 2% card, you must wait 30 days until you can apply for the 1% card.

We're rolling out the Visa Infinite 1% (beta) card in phases. If you don't see the option to apply, we haven't sent an invite to apply yet. Keep an eye on your app notifications and email. If you received an invite but still can't see the option, make sure you update your app to the latest version and try again.

Not at this time. We're exploring the ability to upgrade.