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Mr. Loonie
Wealthsimple Visa Infinite card

Wealthsimple Visa Infinite card

Best for: People who want flat 2% back on everything and no foreign transaction fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$660

Ranked #55 of 176 for year one. See the list

See how we worked it out
Annual fee
None
Apply now on KOHO’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from KOHO’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: No annual fee It costs nothing to keep.
  • Good: No foreign transaction fee Good for travel and shopping in other currencies.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $192
    2% back $800 a month · $192 a year
  • Restaurants $60
    2% back $250 a month · $60 a year
  • Gas $60
    2% back $250 a month · $60 a year
  • Recurring bills $60
    2% back $250 a month · $60 a year
  • Travel $36
    2% back $150 a month · $36 a year
  • Everything else $156
    2% back $650 a month · $156 a year
  • Foreign currency $36
    2% back $150 a month · $36 a year
For you Year one Later years
Cash back you earn $600 $600
Annual fee $0 $0
Foreign currency feeNo fee on $1,800 a year $0 $0
Phone insurance$60 a year $60 $60
Total $660 $660

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Everything else (base rate)
2% back

Earn interest on your cash back, up to 2.75%

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Milesopedia (opens in a new tab) Feb 2026

    “The Wealthsimple Visa Infinite Card stands out for its simplicity: 2% cash back on all purchases, with no categories and no cap, as well as no conversion fees. For travelers and foreign currency shoppers, this advantage alone can represent significant annual savings. Both versions, Visa Infinite and Visa Infinite Privilege, offer the same reward structure. The difference lies mainly in travel insurance and premium benefits, which are more comprehensive with the Privilege version. Thus, if you are already a Wealthsimple client or wish to centralize your finances within a digital ecosystem, this card can be particularly attractive. The potential waiver of annual fees depending on your status also enhances its competitiveness.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Mobile device $1,000 per device
  • Mobile device insurance
  • Trip cancellation or interruption insurance
  • Delayed and lost baggage insurance
  • Out of province or country emergency medical insurance
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read KOHO’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and car rental damage.

Fees and interest

What it costs

Annual fee
None
Purchase interest
20.99%
Cash advance interest
22.99%
Foreign currency fee
None
All fees and rates

Fees

Source
Issuer page

Interest rates

Source
Issuer page

Province differences

Quebec
Annual fee: billed once a year instead of monthly.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $660 year one, $660 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Wealthsimple Visa Infinite card?

There is no annual fee.

What income do I need?

KOHO asks for $80,000 in personal income.

Does it charge a foreign transaction fee?

No. Purchases in other currencies have no extra fee.

What is the interest rate?

20.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty, purchase protection, mobile device insurance and trip cancellation or interruption insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$660
a year for you
Apply now on KOHO’s site (opens in a new tab)
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