Simplii Financial Cash Back Visa Card

The Simplii Financial Cash Back Visa Card offers 4% cash back on restaurants, bars and coffee shops, 1.5% on groceries, gas and prescriptions, and 0.5% on just about everything else. In your first four months, you can also cash in on a 10% return whenever you go out to eat or drink (which will earn you up to $50 in additional savings).

This card is fee-free but you’ll need to be a Simplii Financial client to take advantage of its benefits, which include purchase protection and extended warranty coverage. You can also pay a little bit extra to add on payment protector and emergency travel medical insurance.

30-second take

• Get this Simplii credit card if you dine out regularly and don’t want to pay an annual fee.

• Choose something else if you’re looking for a targeted rewards program or you don’t want to become a Simplii Financial client.

• You must have a minimum annual income of $15,000 to qualify for this card.

The basics

If you can’t resist your morning cappuccino or you meet up regularly with friends for cocktails and dinner after work, you might like to check out the Simplii Financial Cash Back Visa Card.

Earn 4% cash back on eligible restaurants, bars and coffee shops (up to $5,000 spend a year), 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $15,000 per year), and 0.5% on everything else. Get a $100 Skip Digital Gift Card. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Terms apply. Valid until October 31, 2024.

The Simplii Financial Cash Back Visa Card has a 20.99% purchase interest rate, with cash advances, balance transfers and convenience cheques at .

If you don’t dine out often, or if you’re looking for a higher return on daily purchases like groceries and gas, you may prefer to check out alternative credit cards.

The perks

• Fee-free. Pocket more of your savings with no annual fee and free additional cards.
• Welcome bonus. Get a $100 Skip Digital Gift Card. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Terms apply. Valid until October 31, 2024
• Earn everywhere. Get cash back on all purchases made with your Visa card.
• High return. Earn 4% cash back on eligible restaurants, bars and coffee shops (up to $5,000 spend a year), 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments (up to $15,000 per year), and 0.5% on everything else.
• Send global money transfers. Through your Simplii account, send global money transfers with zero fees and at competitive exchange rates to 130+ countries.
• Insurance coverage. Take advantage of purchase protection and extended warranty coverage with the option to add on coverage in case of emergencies.
• Tap and pay. Add your credit card to your mobile wallet and pay with Apple Pay, Google Pay or Samsung Pay.

What to watch out for

• It’s client-specific. You have to be a client with Simplii Financial in order to qualify for this card.
• Caps on cash back. The maximum you can earn on dining out is $5,000 per year and the max you can earn on daily purchases is $15,000.
• Regional exclusions. Residents of Quebec aren’t eligible to apply.
• Infrequent returns. Simplii Financial will only release cash back payments once per year.

Simplii Financial Cash Back Visa Card interest rates

Interest Type	Interest Rate
Purchase interest rate	20.99%
Cash advance rate	22.99%
Standard balance transfer rate	22.99%

What do other customers say?

Customers tend to appreciate this card if they dine out regularly and are already clients with Simplii Financial. Many are pleased with the return they receive at the end of the year, which they feel is high for a fee-free card. Other customers are unhappy about the fine print related to the welcome bonus, which caps savings at $50 extra (on purchases up to $500 in the first four months).

What should I know before I apply

• Eligibility requirements

  To apply for the Simplii Financial Cash Back Visa Card you need to:

  • Be a Canadian citizen or permanent resident who is at least 18 years old.
  • Earn a minimum household annual income of $15,000.
  • Not be a resident of Quebec.
  • Become a Simplii Financial client.

• Required documents and information

  • Your name, residential status and contact information.
  • Your social insurance number (SIN) and date of birth.
  • Your email address and phone number.

How to apply for this Simplii Financial credit card

1. Once you are a Simplii Financial client, head to their website to begin your Simplii Financial Cash Back Visa Card application.
2. Complete the application with details that include your name, email address, social insurance number, income information and birth date.
3. Review and submit your application.

Compare this Simplii cash back Visa with other credit cards

Bottom line on this Simplii Financial Visa

The Simplii Financial Cash Back Visa Card is a good option for people who dine out regularly.

Get a $100 Skip Digital Gift Card. Plus, enjoy 10% cash back on eligible restaurant, bar and food delivery purchases for your first 4 months. Terms apply. Valid until October 31, 2024. The returns on all other purchases are between 0.5% and 1.5%. You won’t have to pay an annual fee to buy in, but you will need to be a Simplii Financial client. You might like to choose another card if you’re looking for a ton of added benefits or higher returns on daily purchases.

Frequently asked questions about the Simplii Financial Cash Back Visa Card

• How do I check my points balance?

  Log in to your Simplii Financial account and navigate to the rewards page. You’ll be able to see your points balance once on this page.

• Does Simplii Financial offer a welcome bonus on this card?

  They sure do. You’ll get 10% cash back on restaurant, bar and coffee shop purchases in your first four months, up to $500.

• Can I apply for this card online?

  You can. It’s a fairly simple application form that you review and submit online.

• How does Simplii cash back work?

  By using your Simplii cash back visa, you’ll accumulate cash back each month is your account is open in good standing and within your credit limit at the time the cash back is redeemed. Cash back will then be credited to your cardholder account.

• When will I get my cash back?

  You’ll receive it as a one-time annual credit on your December statement. Your cash back accumulates monthly, starting January 1, or when you first open your credit card account.