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No Annual Fee · Canada

Wealthsimple Visa Infinite 1% Card (beta)

Best for: Wealthsimple clients wanting a no-fee card

Annual feeNo annual fee
IssuerWealthsimple
NetworkVisa
Purchase APRSee issuer
Foreign transaction feeOptional: no-FX-fee can be c…
Credit needed$60,000 personal or $100,000…

Pros

  • No fee Visa Infinite
  • Can pick no FX fee

Cons

  • Invite-only
  • Only 1% back

Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.

This card launched recently (June 2026). A new no-fee tier introduced in beta in June 2026.

Wealthsimple Visa Infinite 1% Card (beta) at a glance

IssuerWealthsimple
Card networkVisa
Annual feeNone
Rewards rate1% cash back on all purchases
Welcome bonusNone announced
Intro APRNone
Regular APRSee issuer
Foreign transaction feeOptional: no-FX-fee can be chosen as one of three customizable benefits
Credit needed$60,000 personal or $100,000 household income (or $250,000+ assets)
Best forWealthsimple clients wanting a no-fee card

Key features

  • Invitation-only beta
  • Customizable benefits
  • No annual fee

Pros

  • No fee Visa Infinite
  • Can pick no FX fee

Cons

  • Invite-only
  • Only 1% back

Before you apply: terms for new cards change quickly. Confirm the current annual fee, rates, rewards and welcome offer on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.

Sources: milesopedia.com

How it compares with similar Canada cards

CardAnnual feeRewardsIntro APRForeign feeCredit neededRating
Wealthsimple Visa Infinite 1% Card (beta)Wealthsimple clients wanting a no-fee card
None 1% cash back on all purchases None Optional: no-FX-fee can be… $60,000 personal or $100,000 h…
American Express Cobalt CardRenters and foodies who'll transfer points to travel partners
C$155/yr 5x on dining and groceries, 3x on streaming, 2x on gas and local trans… Not applicable 2.5% on foreign currency p… Good to excellent credit 4.7
Scotiabank Gold American Express CardDiners and grocery shoppers who also spend abroad
C$120/yr 6x at Sobeys-family grocery stores; 5x on other groceries, dining and… Not applicable 0% on foreign currency pur… Good to excellent credit 4.6
TD Aeroplan Visa Infinite CardAir Canada flyers who'll redeem Aeroplan and use travel perks
C$139/yr 1.5x points on grocery, gas and Air Canada purchases Not applicable 2.5% on foreign currency p… Good to excellent credit 4.5

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