How do I Apply for the Simplii Financial Cash Back Visa Card?

What do I need to know before applying?

The Simplii Financial Cash Back is a credit card focused on food purchases: up to 4% cashback and up to 1.5% at grocery stores! 

Simplii Financial is a relatively new company in the finance world, offering a variety of banking services with a strong focus on digital solutions. 

It’s no surprise that in 2024 it was named one of the world’s best banks by Forbes, marking the sixth consecutive year of receiving international recognition from analysts.

As the name suggests, Simplii Financial focuses on cashback, offering a rewards program in the form of money back. 

But before we get into that, you should know that the card has no annual fee for the primary cardholder or up to 3 additional cardholders, with purchase interest rates of 20.99%.

The Simplii Financial card offers a credit limit of up to $10,000, depending on the cardholder’s credit profile.

Simplii offers a 10% cashback welcome bonus on bar and restaurant purchases during the first 4 months, with up to $500 in spending. 

Additionally, until the end of October 2024, you’ll also receive a special $100 Skip digital gift card offer. 

Simplii offers different cashback levels depending on the type of purchase. Check it out:

• Up to 4% on eligible purchases at restaurants, bars, and coffee shops, with a maximum of $5,000 in spending per year.
• Up to 1.5% on eligible purchases of gas, groceries, pharmacies, and pre-authorized payments, with a maximum of $15,000 per year.
• 0.5% cashback on all other eligible purchases, with the added benefit of no spending limit.

Simplii Financial provides a rewards calculator so you can see exactly how much cashback you can potentially earn with your credit card. 

Another good piece of news is that you can add up to 3 cardholders to earn even more benefits with other buyers. 

The card helps you build your credit history, enabling you to make better purchases in the Canadian market, as it reports to major credit bureaus in Canada.

Who can Apply?

Simplii Financial has a good cost-benefit ratio, with requirements that are quite favorable for the Canadian market.

First, you need to reside in Canada, whether as a Canadian-born citizen or a foreign citizen properly registered with the necessary documentation.

The main requirement to get the Simplii Financial Cash Back card is a minimum household annual income of $15,000.

You also need to have reached the age of majority in your province or territory and must not have declared bankruptcy in the past seven years. 

Learn How to Apply for a Simplii Financial Cash Back Visa Card

To access the card, you need to find one of the “Apply Now” buttons to start the application process for your Simplii Financial card. 

The first step is to accept the fee terms to apply for your Simplii Financial card. There are a total of seven steps to submit your information. To complete the form, provide the following details:

• Full name, date of birth, phone number, email address, full address, housing type;
• Employment type and status (including as a student), annual income, and your annual expenses.

If you have any questions, you can contact customer service through the bank’s channels, including online chat.

More Details

Simplii Financial offers a PRESTO voucher of up to $250 for your next purchase, as long as you meet the applicable conditions. 

For each friend you refer who gets the Simplii Financial Cashback, you’ll receive a $125 bonus, and your friend will also receive $50.

The card also offers a great range of benefits, such as easy and fast online payment with Click to Pay and modern payment technology with chip or PIN use or digital wallets. 

Simplii Financial also features Global Money Transfers, allowing you to make international payments without transaction fees or interest charges.

In terms of coverage, you already benefit from Purchase Security and Extended Warranty Insurance, and you can also opt for CIBC travel medical insurance.

Want to learn another option?

Looking for another great option? Check out the American Express Cobalt, which offers up to 15,000 membership points for everyday comfort.

Additionally, the card offers 5x points on food, 3x points on streaming, Cobalt Perks, and travel insurance. See how to apply.

Written by

Gabriel Gonçalves