The Simplii Financial Cash Back Visa Card is making headlines thanks to its stand-out cash back offer, no annual fee, and a $50 PRESTO voucher. This card features a competitive 21.99% purchase rate and 22.99% on cash advances, with a minimum annual household income requirement of just $15,000. For newcomers or anyone looking to maximize value on everyday purchases in Canada, this unsecured card offers a credit limit up to $10,000.

How to apply for the Simplii Financial Cash Back Visa

1. Confirm you meet the income and residency criteria.
2. Complete the application form with your personal financial details.
3. Submit any requested documentation for verification.
4. Wait for approval, typically within a few business days.
5. Once approved, set up online banking to manage your card and cash back.

Key advantages of this Cash Back Visa

The biggest draw is the up-to-4% cash back at restaurants and bars, creating meaningful rewards for frequent diners. The $0 annual fee makes it easy to keep long-term, while the $50 PRESTO voucher is a nice bonus for transit users.

Additionally, you can earn up to $100 in bonus cash back during your first three months and add up to three additional cardholders to accumulate rewards faster, all without extra fees.

Main drawbacks of the Simplii Cash Back Visa

Cash advances and balance transfers are subject to a high 22.99% interest rate from day one, which is fairly standard but worth noting for those who might carry a balance.

The card is not available to residents of Quebec, and newcomers must be comfortable verifying their identification digitally to qualify for the credit limit offered.

Our verdict on the Simplii Financial Cash Back Visa

This card is a top contender in the Canadian market for cash back and value, especially for those with modest incomes. The combination of no annual fee, generous cash back, and simple online management makes it easy to recommend to many Canadian residents.

Ultimately, for anyone looking to maximize rewards, enjoy broad everyday earnings, and benefit from a streamlined application with reasonable qualifications, the Simplii Financial Cash Back Visa Card is worth your consideration.