The Simplii Financial™ Cash Back Visa* Card has quickly become a favourite among Canadians seeking high rewards without an annual fee. The card boasts an introductory 20% cashback on eligible spend categories for your first three months, up to $500, which means you can earn up to $100 fast. After the intro period, generous rewards continue, with 4% back on restaurants, 1.5% at gas, groceries, drugstores, and 0.5% on all other purchases. The minimum credit limit usually starts at $1,000. To apply, a minimum credit score of 660 and income of $15,000 per year are required.

How to Apply

1. Visit the application page via the button above.
2. Fill out your personal and financial details, ensuring you meet the credit score and earnings requirements.
3. Submit your application and wait for a response, which is often instant.
4. If approved, start using your card to maximize your cashback within the first 3 months.

Major Pros Highlighted

This card’s biggest draw is the 20% cash back on common everyday items like gas, groceries, and drugstores when you begin. Even after those initial months, the ongoing earn rates are appealing for regular use. The $0 annual fee makes it accessible for budget-conscious shoppers.

Additionally, standard purchase assurance and extended warranty coverage provide extra value on the things you buy, giving peace of mind at no extra cost.

A Couple of Cons

On the downside, the card lacks substantial travel benefits or premium perks, making it less ideal for those seeking extensive insurance or avid travellers. There’s also a cap on higher earn rates, after which your cashback drops to the base rate.

Another minor drawback is the absence of foreign exchange fee waivers, which means purchases made outside of Canada can cost a bit more due to the typical 2.5% surcharge.

Final Verdict

The Simplii Financial Cash Back Visa* is a great fit for everyday Canadians prioritizing high-value cash rewards, simple eligibility, and no annual fee. While it may not satisfy jetsetters or high spenders, it offers straightforward advantages for daily purchases. Overall, it’s a smart addition for reward seekers looking for a competitive no-fee credit card.