Learn more about Simplii Financial Cash Back Visa Credit Card and know how you can apply!
The Simplii Financial Cash Back Credit Card offers a higher cash back percentage compared to other no annual fee cards. It is a great option for young adults or newcomers who have a fair anual minimum income and want to obtain a secure payment method for everyday purchases, but also earn some extra money back, especially if you like to go out to bars and restaurants quite often.
With a cash back percentage that goes up to 4%, this credit card has become one of the best no annual fee cash back credit card for bars, restaurants and cafes in Canada. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Simplii Financial’s Cash Back Visa Credit Card?
- $0 annual fee;
- Free supplementary cards;
- 20.99% purchase APR;
- 4% cash back at bars, coffee shops and restaurants up to $5,000 annually, after that 0.5% unlimited;
- 1.5% cash back on eligible gas, groceries, and drugstore purchases, as well as pre-authorized payments up to $15,000 per year, after that 0.5% unlimited;
- 0.5% cash back on all other purchases;
- Cash back on global money transfers;
- Mobile wallet payments;
- Purchase protection and extended warranty coverage.
| 4% CASH BACK | 1.5% CASH BACK |
0,5% CASH BACK
|
| Eating/Drinking Places and Restaurants; Drinking Places (Restaurant, Bar and Coffee Shop Purchases, Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques; Fast Food Restaurants; or Caterer) | Gas, grocery and drugstore purchases and pre-authorized payments (Service Stations – with or without Ancillary Services; Automated Fuel Dispensers; Grocery Stores and Supermarkets; Drugs, Drug Proprietaries, and Druggist’s Sundries; or Drugstores and Pharmacies) |
All other purchases
|
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| Up to 4% cash back |
After $5,000 limit in net annual card purchases for the the 4% cash back and $15,000 for the 1.5% cash back, it drops to 0.5% unlimited |
| Unlimited cash back |
Cash back applied as year-end statement credit
|
| No annual fees |
No travel medical insurance or any substantial side perks
|
How do I apply for the Simplii Financial Cash Back Visa Credit Card?
To be eligible for this credit card, all you need is to have a minimal annual income of $15,000 and no bankruptcies over the past 7 years, besides being a resident of Canada and the age of majority in your home province or territory, in order to apply.
You can apply for it in a matter of minutes. Here’s how it works:
- Visit the Simplii Financial Cash Back Visa Credit Card page and click the orange ‘Get Started’ button on the left side of your computer screen;
- A new page appear. If you are already a client, you can choose to log in. If you are not a client, click ‘Register Now’ to start the application process;
- Once you are in you will be presented with a disclosure statement about the credit card. Read it over and click ‘accept’ to continue;
- Complete the application form. You will be asked personal questions, employment and financial informations;
- Review and submit your application.