The Simplii Financial™ Cash Back Visa* Card is designed to bring value to every purchase you make. From groceries to gas, dining out to online shopping, this card lets you earn cash back seamlessly. Plus, with no annual fee, it’s a cost-effective choice for individuals and families alike.

Whether you’re looking to maximize your rewards, build your credit, or enjoy the convenience of secure digital payments, this card offers it all. With added features like fraud protection, mobile wallet compatibility, and even global money transfers, it’s more than just a credit card—it’s a tool for achieving financial flexibility.

Key information about the Simplii Financial™ Cash Back Visa* Card

How does the annual fee work?

One of the standout features of the Simplii Financial™ Cash Back Visa* Card is its $0 annual fee, making it a cost-effective solution for anyone who wants to earn rewards without additional expenses. Not having an annual fee is especially beneficial for first-time credit card holders or those who want to avoid the burden of recurring charges while maximizing their cash back potential.

Unlike many credit cards that charge a yearly fee for access to premium perks, the Simplii Financial™ Cash Back Visa* Card offers rewards and features comparable to high-cost cards without any fees. This makes it an excellent choice for budget-conscious individuals.

How is the credit limit determined?

The credit limit for the Simplii Financial™ Cash Back Visa* Card is determined by the applicant’s financial profile, including their credit score, income, and overall creditworthiness. Simplii ensures a personalized approach, offering flexibility based on your ability to manage credit responsibly.

For newcomers to Canada, the New to Canada Banking Program simplifies the process by offering a credit limit of up to $10,000, even if you’re just starting to build your credit history. This makes it an attractive option for recent immigrants looking to establish financial roots.

Advantages of the Simplii Financial™ Cash Back Visa* Card

The Simplii Financial™ Cash Back Visa* Card comes with a host of benefits designed to enhance your spending experience:

• No annual fee: Save money every year and focus on maximizing your rewards.
• Generous cash back rewards: Earn up to 4% on dining and entertainment, 1.5% on groceries, gas, and recurring bills, and 0.5% on everything else.
• Welcome bonus: Earn up to 10% cash back on your first three months of purchases, capped at $100.
• Secure transactions: Chip-and-pin technology and real-time fraud alerts keep your card safe from unauthorized use.
• Global acceptance: Use your card anywhere Visa* is accepted, whether in-store or online.
• Additional cardholders: Add up to three cardholders to maximize your cash back earnings, complete with spending limits for control.
• Click to Pay: Enjoy easy and secure online payments with the Visa Click to Pay system.
• Mobile wallet compatibility: Pay seamlessly with Apple Pay, Google Pay™, or Samsung Pay®.
• Extended warranty protection: Get up to one extra year of warranty on eligible purchases.
• No foreign transaction fees on Global Money Transfers: Send money abroad without extra fees when using your card for a Global Money Transfer.

Standout feature: cash back rewards

The cash back program is undoubtedly the highlight of the Simplii Financial™ Cash Back Visa* Card. With up to 4% cash back on dining and entertainment and 1.5% on essential categories like groceries and gas, it’s tailored to reward your everyday lifestyle.

Unlike many other credit cards, this program also includes a generous welcome offer: 10% cash back in your first three months, making it perfect for those who want to see immediate rewards. The ability to earn rewards on a wide range of purchases ensures no missed opportunities, helping you get the most out of every dollar spent.

Disadvantages of the Simplii Financial™ Cash Back Visa* Card

While the Simplii Financial™ Cash Back Visa* Card is packed with benefits, it’s important to be aware of a few potential downsides:

• Interest rates: A 20.99% interest rate on purchases and 22.99% on cash advances can be costly if balances aren’t paid in full each month.
• Category caps: The 4% cash back rate on dining and entertainment is limited to $5,000 per year.
• Cash advance fees: Interest is charged immediately on cash advances, balance transfers, and convenience cheques.
• No travel insurance: While it includes extended warranty protection, it lacks comprehensive travel insurance coverage unless purchased separately.

Key disadvantage: interest rates

One notable drawback is the high interest rate on unpaid balances. At 20.99%, carrying a balance from month to month can quickly erode the value of your rewards. For cash advances, interest starts accruing immediately, which makes these transactions less budget-friendly. To maximize the benefits of this card, it’s crucial to pay off your balance on time.

Who can apply for this card?

The Simplii Financial™ Cash Back Visa* Card is available to individuals who meet the following criteria:

• Must be at least 18 years old (19 in certain provinces).
• Minimum annual household income of $15,000.
• A valid Social Insurance Number (SIN) for identity verification.
• Open to permanent residents, citizens, and newcomers through the New to Canada Banking Program.

While the card is accessible to a broad range of applicants, it is not suitable for those with poor credit history or active bankruptcies. Approval may also depend on providing proof of income or employment during the application process.

How to apply for the Simplii Financial™ Cash Back Visa* Card

Simplii Financial makes the application process simple and convenient, with multiple methods to suit your preferences.

Through the website

Start by visiting the Simplii Financial website and navigating to the credit card section. Click on “Apply Now” to access the application form. Fill in your personal details, employment information, and financial data, and submit your application.

Through the mobile app

For added convenience, download the Simplii Financial app on your smartphone. Log in to your account or create one if you’re a new user. Select the credit card option, follow the prompts to complete your application, and track your progress within the app.

At a branch or agency

Although Simplii operates primarily online, assistance is available through customer support if you need help completing your application. Contact Simplii via phone or email for guidance on the application process.