The Simplii Financial Cash Back Visa* Card is a strong contender for Canadians looking for a no-fee way to earn major rewards on everyday essentials. Boasting a 21.99% purchase interest rate, this card requires just $15,000 minimum household income for eligibility. You can receive a credit limit up to $10,000, making it suitable for a wide range of buyers. There’s no annual fee, and you can earn up to 20% cash back as a welcome bonus—up to $100 in the first three months on select categories like groceries, gas, and drugstore purchases. Regular cash back rates include 4% at eligible restaurants and bars, and unlimited rewards potential.

How to Apply

Start your application for the Simplii Financial Cash Back Visa by visiting their online application portal.

Check that you meet the eligibility requirements, including the minimum income, Canadian residency (excluding Quebec), and age of majority.

Fill out the online application with your personal and financial information for swift processing.

If you’re an existing Simplii client, you can apply directly through your online banking dashboard for convenience.

Wait for approval, which is typically given within a few days, and watch for any follow-up on supporting documentation if needed.

Pros

One standout perk is the generous introductory cash back offer, letting new users earn up to $100 in three months. Plus, there’s no annual fee—which leads to long-term savings.

The card also offers strong ongoing cash back, particularly at restaurants, and includes benefits like purchase protection and extended warranty coverage.

Cons

A downside is the relatively high purchase interest rate at 21.99%, and a higher cash interest rate of 22.99% for cash advances or balance transfers.

This card is not available to residents of Quebec, and the welcome offer is capped at $100 even if your spending exceeds $500 in qualifying categories.

Verdict

The Simplii Financial Cash Back Visa* Card is ideal for Canadian residents wanting flexible cash back without carrying any fees. Its low barrier to entry and top-tier rewards provide real value, especially for common expenses. While not perfect for everyone, its straightforward structure and impressive perks make it a wise choice for cost-conscious spenders.