Simplii Financial · Visa · cash back
Cash Back Visa
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Terms read from Simplii Financial's page on Oct 16, 2026.
Year 1, after fees
$619
Year 2+, after fees
$519
every year after
3 years, after fees
$1,657
Break-even
No fee
Earn rate by category
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | $276 | $176 | $628 | No fee |
| Couple ($2,555/mo) | $531 | $431 | $1,393 | No fee |
| Family ($3,350/mo) | $619 | $519 | $1,657 | No fee |
| Frequent traveller ($3,880/mo) | $627 | $527 | $1,680 | No fee |
| Big spender ($7,960/mo) | $903 | $803 | $2,508 | No fee |
Who it suits
- People who spend a lot on dining and groceries, where it earns above its base rate.
Who should skip it
- Anyone below the published income minimum ($15,000 household).
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
- Purchase APR
- 21.99%
Rewards
- 4% on restaurants, bars and coffee shops, first $5,000 a year
- 1.5% on gas, groceries, drugstores and pre-authorized payments, first $15,000 a year
- 0.5% on everything else
Eligibility and availability
- Income
- $15,000 household
- Provinces
- All (no restriction stated)
Published requirements only. We don't estimate approval odds.
Assumptions
- Cash back: Paid in cash, so the value is exact, not an estimate.
- Welcome bonus: Up to $100 cash back on up to $500 of gas, grocery, drugstore and pre-authorized purchases in the first 3 months. Your spending meets it in month 1.
Not counted or not confirmed
- Foreign transaction fee isn't on the card page.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's $519.
Scotiabank Gold American ExpressYear 2+ $940
American Express SimplyCash PreferredYear 2+ $936
CIBC Dividend Visa InfiniteYear 2+ $767
Head to head
Frequently asked questions
Is the Simplii Financial Cash Back Visa worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth $619 in year 1 and $519 a year after that, after no annual fee.
What is the Simplii Financial Cash Back Visa welcome offer?
Up to $100 cash back on up to $500 of gas, grocery, drugstore and pre-authorized purchases in the first 3 months.
Does the Simplii Financial Cash Back Visa charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
What income do you need for the Simplii Financial Cash Back Visa?
Simplii Financial publishes a minimum of $15,000 household income. Approval depends on more than income, and we don't estimate approval odds.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 39 other cards on the Canadian card comparison or read how cards are valued.