Simplii Financial Cash Back Visa Credit Card Review

Get the Simplii Financial Cash Back and earn 4% on dining with no annual fee. The simplest way to earn real cash rewards every day!

Are you tired of complex rewards systems that feel like a second job just to manage? Enter the Simplii Financial Cash Back Visa Card, the ultimate “set it and forget it” financial tool for the modern Canadian. This card isn’t about points, tiers, or complicated conversion charts; it’s about putting real Canadian dollars back into your pocket every single time you tap your card. Whether you’re grabbing a double-double at the drive-thru, enjoying a night out with friends, or simply filling up the tank, this card works tirelessly in the background to boost your bottom line with high-value cash back.

With one of the highest cash back rates in Canada for dining and coffee shops, your weekend brunch and morning caffeine fix become strategic financial moves. There are no annual fees to eat away at your earnings, and the seamless integration with Simplii’s digital banking makes managing your money as easy as sending a text. If you value straightforward value, digital-first convenience, and a card that rewards your genuine lifestyle, it’s time to simplify your wallet. Let’s dive into why this card is a staple for savvy spenders from coast to coast!

CREDIT CARD

Simplii Financial Cash Back Visa

Cash Back No Annual Fee

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Uncover Reasons to Love This Card

1. No Annual Fee Ever: Keep every cent of your cash back without worrying about a yearly membership cost.
2. Dining Powerhouse: Earn a massive 4% cash back at restaurants, bars, and coffee shops (up to a $5,000 annual spend).
3. Grocery Rewards: Get 1.5% cash back on your weekly food hauls to help combat rising grocery costs.
4. Fuel and Pharmacy Perks: Enjoy 1.5% cash back at gas stations and drugstores for your daily essentials.
5. Universal Earning: Receive 0.5% cash back on every other purchase with no limit on how much you can earn.
6. Automated Annual Payout: Your cash back is automatically applied to your December statement—the perfect holiday bonus!
7. Purchase Security: Most new items bought with your card are insured against theft or damage for 90 days.
8. Extended Warranty Protection: Double the manufacturer’s warranty (up to one additional year) on eligible purchases.
9. Budget Friendly: Great for students and young professionals looking to build credit while earning rewards.
10. Apple Pay & Google Pay: Add your card to your digital wallet for secure, card-free transactions anywhere.
11. CIBC ATM Access: Use your Simplii card at any CIBC ATM across Canada without paying additional fees.

The Ideal Candidate

To join the Simplii Financial community, you must meet these Canadian residency and financial benchmarks:

• Canadian Residency: You must be a Canadian resident (excluding Quebec residents for this specific card offer).
• Age Requirement: You must be the age of majority in your province (18 or 19).
• Income Minimum: A minimum personal income of $15,000 per year is required.
• Credit History: You must have a clean credit file with no recent bankruptcies.
• Simplii Account: While you can apply separately, having a Simplii Financial No-Fee Chequing Account makes the process even smoother.

Your Roadmap to Approval

1. Go Digital: Visit the Simplii Financial website and locate the Cash Back Visa section.
2. Start the Application: Click “Apply Now” to launch the secure online form.
3. Personal Profile: Enter your legal name, current Canadian address, and contact details.
4. Financial Disclosure: Provide your employment status and your gross annual income (at least $15k).
5. Review the Interest Rates: Ensure you are comfortable with the 20.99% purchase rate and 22.99% cash advance rate.
6. Submit for Review: Click submit. Many applicants receive an instant digital decision.
7. Card Arrival: Once approved, your sleek new card will arrive in your mailbox within 7 to 10 business days.

Clear Answers to Your Questions

1. How is the cash back paid out? It is credited to your December statement once a year.
2. Is there a limit on the 4% dining category? Yes, the 4% rate applies to the first $5,000 spent annually in that category.
3. Can students apply for this card? Absolutely, the $15,000 income requirement is very student-friendly.
4. Does Simplii have physical branches? No, Simplii is a digital-only bank, though you can use CIBC ATMs.
5. What happens after I hit the $5,000 spending cap? Once you hit the cap in a bonus category, you still earn the base 0.5% rate.
6. Is there a fee for additional cards? No, you can add up to 3 authorized users for free.
7. Can I use this card for balance transfers? Yes, though standard interest rates and fees will apply.
8. Does this card offer travel insurance? It focuses on cash back and purchase protection rather than travel-specific insurance.
9. Can I track my cash back during the year? Yes, your total accumulated cash back is displayed on your monthly statements.
10. How do I contact customer support? Simplii offers 24/7 phone support and a robust mobile banking app.

CREDIT CARD

Simplii Financial Cash Back Visa

Cash Back No Annual Fee

APPLY NOW You will be redirected