Simplii Financial Cash Back card: keeping things simple
Get cashback with a credit card that has no annual fee!
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If you’re the kind of person who wants rewards without jumping through hoops, the Simplii Financial Cash Back Visa could be a great fit.
This credit card is offered by Simplii Financial, an all-digital bank backed by CIBC.
This means you get the support of a major Canadian institution, but with the convenience of doing everything online.
With no annual fee and cashback on your regular purchases, it’s a straightforward option for people who don’t want to overthink their financial product.
In this guide, we’ll show you who it’s for, what it offers, and how to get one. Keep reading!
Who is the credit card for?
This credit card is ideal for cost-conscious Canadians who regularly spend on household categories like fuel, groceries, and drugstore items.
It’s especially appealing for those who prefer a digital banking experience, as Simplii Financial operates entirely online.
Keep in mind that, to qualify for this financial product, you must:
- Have a minimum household annual income of at least $15,000;
- Be a Canadian resident, excluding Quebec;
- Be at least the legal age of majority where you live in Canada;
- Have a clean bankruptcy record for at least the past 7 years.
Benefits of the credit card
The Simplii Financial Cash Back Visa stands out for its simple rewards system and useful features, making it a strong alternative for credit card users.
Let’s break down the main perks this option provides:
No annual fee
This alternative doesn’t come with an annual fee.
That means you get all the benefits of this financial product without paying just to keep it.
Up to 4% back on dining and drinks
With it, you’ll earn 4% cashback on eligible purchases at restaurants, bars, and coffee shops.
Whether it’s a brunch with friends or your daily espresso, these everyday moments turn into rewards.
This rate applies to up to $5,000 in spending per year in this category.
1.5% on essential everyday purchases
When it comes to life’s basics, like gas, groceries, drugstore items, and even pre-authorized payments, you’ll get 1.5% cashback, up to a $15,000 annual limit.
0.5% on all other purchases
For anything that doesn’t fall under dining or essentials, you’ll still earn a consistent 0.5% back.
There’s no cap here, so you can shop, stream, or spend however you like and still get rewarded.
Add up to three additional cardholders
You can add up to three additional users to your account, like family members or a partner.
You’ll earn cashback on their purchases too, and if you’re worried about overspending, don’t stress.
You can set spending limits for each additional cardholder to stay in control.
Widely accepted wherever Visa is
Because it’s a Visa card, you can use it almost anywhere: in-store or online, across Canada and internationally.
It’s convenient, reliable, and recognized globally, which makes it ideal for both everyday spending and occasional travel or online shopping.
Main details of the card
- Card network: Visa;
- Type: it can be used internationally;
- Initial limit: based on credit assessment;
- Annual fee: $0.
- Does it accept clients with bad credit? A fair to good credit score is generally recommended.
Documents required to apply
To apply for the Simplii Financial Cash Back Visa, applicants must:
- Provide a valid government-issued photo ID;
- Supply proof of income;
- Have a Canadian residential address and Social Insurance Number (SIN).
How to contact Simplii Financial?
You can reach Simplii Financial through the following methods:
- Virtual Assistant: available on the official website;
- Live agent support: also available on the website;
- Number for general inquiries: 1-888-723-8881;
- E-mail: talktous@simplii.com.
How to apply for the credit card?
You can finish the online application in just a few minutes. Simply visit this financial institution’s website.
You’ll be asked to log in if you already bank with Simplii. New customers can start by opening an account online before proceeding to the credit card solicitation.
Once submitted, your request will be reviewed, and you’ll be notified of the outcome.
Opinion about the card
The Simplii Financial Cash Back Visa credit card is a practical option for those who want to earn rewards on everyday purchases without complicating their finances.
With 1.5% cashback on gas, groceries, and drugstore spending, it’s a rewarding item for essential categories.
Its no-annual-fee structure adds to the appeal, making it an interesting choice for those looking to maximize value without extra costs.
However, those who want higher cashback across more spending categories may prefer a premium card.
Click on the button below to be redirected to the official website responsible for issuing the Simplii Financial Cash Back Visa credit card:
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