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Mr. Loonie
Simplii Financial™ Cash Back Visa* Card

Simplii Financial™ Cash Back Visa* Card

7.5
Good
Expert Score · 7 reviews How we score

Best for: People who eat out often and want cash back with no annual 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
Year one
$460
Every year after
$360

Ranked #79 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$100
The full offer. Up to $100 back.
Annual fee
None
Apply now on CIBC’s site (opens in a new tab)
Needs $15,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from CIBC’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 Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Is your household income $15,000 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: 4% back on restaurants
  • Good: No annual fee It costs nothing to keep.
  • Good: Welcome offer up to $100

Watch for

  • Watch for: Everything else earns 0.5% back That’s low for everyday spending.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

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 $144
    1.5% back $800 a month · $144 a year
  • Restaurants $120
    4% back $250 a month · $120 a year
  • Gas $45
    1.5% back $250 a month · $45 a year
  • Recurring bills $39
    1.5% back $250 a month · $39 a year
  • Travel $9
    0.5% back $150 a month · $9 a year
  • Everything else $39
    0.5% back $650 a month · $39 a year
  • Foreign currency $9
    0.5% back $150 a month · $9 a year
For you Year one Later years
Cash back you earn $405 $405
Welcome offerYour spending wouldn’t reach it $100 $0
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Total $460 $360

Rows are rounded to the dollar.

What counts in each category
Restaurants
4% back Up to $5,000 in spending per year. Restaurants, bars and coffee shops
Groceries
1.5% back Up to $15,000 in spending per year (shared with other categories).
Gas
1.5% back Up to $15,000 in spending per year (shared with other categories). On eligible restaurant, bar and coffee shop purchases
Pharmacy
1.5% back Up to $15,000 in spending per year (shared with other categories).
Recurring bills
1.5% back Up to $15,000 in spending per year (shared with other categories). Pre-authorized payments
Everything else (base rate)
0.5% back

1.5% cash back on pre-authorized payments (on first $15000 spent)

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

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    $100

    Spend $500 in your first 3 months.

    You’d reach it in month 1.

    • On purchases on eligible gas, grocery, and drugstore purchases, and pre-authorized payments within the first 3 months

Offer end date not published.

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
  • Household income $15,000 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

7.5
Good
Expert Score How we score
  • Frugal Flyer (opens in a new tab) May 2026

    “The Simplii Financial Cash Back Visa credit card presents a simple value proposition to those who are looking for a new credit card with an easy to understand rewards system and no annual fee. The welcome bonus is decent and the card presents a good opportunity on earning rates of up to 4% cash back on certain categories.”

  • NerdWallet (opens in a new tab) Feb 2026
    10

    “With no annual fee, no fees on global money transfers and up to 4% back on purchases, this card offers solid rewards for people on a budget. But the top cash-back rate of 4% on restaurants, bars and coffee shops is capped at $5,000 a year, which may be too restrictive for people who spend big on dining out. Best for: Foodies who send money overseas and don’t want to pay an annual fee.”

  • SAVVY New Canadians (opens in a new tab) Jan 2026
    8.8

    “If you are in the market for a cash-back card with no annual fee, the Simplii Financial Cash Back Visa card is worth checking out.”

  • Rewards Canada (opens in a new tab) Oct 2025

    “The Simplii Financial Cash Back Visa Card is an excellent option for anyone looking for a basic no fee card that comes with great cash back rewards. The 1.5% and 4% cash back on select spending categories are some of the best in market for no fee cash back cards, just be aware of those annual spending caps!”

  • Money.ca (opens in a new tab) Mar 2024
    6

    “Fond of dining out? Got a big friend group you’re often picking up the bar tab for (before invoicing for e-transfers of course)? Young urban professional who wants a daily driver card that doesn’t feel like you’re getting ripped off? The Simplii Financial™ Cash Back Visa* Card is right up your alley. The 4% cash back on bars and restaurants is wild if you’re going out in the city. Not including anything else, if you’re dropping $600 a month on dining and drinks (and in a big city, that is hardly jaw dropping) you’re getting $300 back at the end of the year before every other category is considered.”

  • Forbes (opens in a new tab) Mar 2024
    5

    “The Simplii Financial™ Cash Back Visa* is a no annual fee credit card that offers some of the top cash-back rewards earnings on the market for purchases at restaurants, bars and coffee shops. However, its cash-back earnings in other purchase categories are middling and it offers next to no insurance perks. But, with no annual fee, there’s nothing to lose by keeping this card in your wallet—even if just for night’s out or coffee runs. Plus, while this card may be best suited for foodies, it also pairs extremely well with Simplii’s banking packages, which also boast a lack of fees.”

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 wallets Apple Pay, Google Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read CIBC’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, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
21.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$5.00
Balance transfer fee
3%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $460 year one, $360 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 Simplii Financial™ Cash Back Visa* Card?

There is no annual fee.

How much is the Simplii Financial™ Cash Back Visa* Card welcome offer worth?

$100 after you spend $500 in the first 3 months, worth about $100.

What income do I need?

CIBC asks for $15,000 in household income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. 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

$460
year one for you
Apply now on CIBC’s site (opens in a new tab)
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