Canada · Simplii Financial · Visa
Simplii Financial Cash Back Visa Card
No annual fee · 0.5% on everything else · 2.5% foreign transaction fee
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Dining | 4% | on the first C$5,000/year |
| Gas | 1.5% | on the first C$15,000/year |
| Groceries | 1.5% | on the first C$15,000/year |
| Drugstores | 1.5% | on the first C$15,000/year |
| Recurring | 1.5% | on the first C$15,000/year |
| Everything else | 0.5% | uncapped |
See more Canada credit cards →
Non-cash perks
- No annual fee
Does the fee earn out? · how we got this
No annual fee, so every point earned is pure upside. The question is only whether its rates beat the other cards already in your wallet — which depends on your spending, not the card.
Who this card is not for
Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. three things on this card rule out a kind of spender:
- Anyone who spends abroad. Every purchase in a foreign currency carries a 2.5% foreign transaction fee. On a card earning 0.5¢ per dollar at the base rate, that fee costs more than the rewards on the same purchase.
- A heavy dining spender. The 4% on dining stops after C$5,000 of it per year. Past that the same purchases earn its base 0.5%, so the headline rate describes the first C$5,000 only.
- Spending outside its bonus categories. Everything else earns 0.5%, worth about 0.5¢ per dollar at our value for cash back — less than the 1¢ a plain cash-back card pays on the same dollar. This card only wins where its bonus categories do.
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Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-15 against issuer terms · sources: www.simplii.com. Spot an error? Tell us.