# Wealthsimple Visa Infinite: Quick Guide


## The Basics

**Wealthsimple Visa Infinite** gives you:
- **2% cashback on everything** — no categories to track
- **0% foreign transaction fees** — no extra cost when you travel
- **$240 annual fee** — but it can be waived

## When Is the Fee Waived?

You pay **$0** if you have:
- **$100,000+** invested with Wealthsimple, OR
- **$4,000+/month** direct deposit to Wealthsimple chequing

If neither applies, you pay $240/year. You'd need to spend $12,000/year to break even on the fee.

## The Catch

You **must** have a Wealthsimple chequing account to get this card. You can only pay your credit card bill from that account — no external bank transfers allowed.

## Who Should Get It?

**Great for:**
- People who already use Wealthsimple
- Anyone who wants simple rewards (no categories to remember)
- Travellers who want 0% foreign fees

**Not for:**
- People who don't want to switch their banking
- Anyone who needs the card immediately (there's a waitlist)
- Travellers 65+ (no travel medical coverage)

## Key Benefits

- **Lounge access** (Visa Infinite Privilege tier only): 6 free visits/year
- **Travel insurance**: Up to $2M medical (14 days max), trip cancellation, baggage coverage
- **Mobile phone insurance**: $1,000 coverage
- **Flight delay coverage**: Up to $1,000 for 3+ hour delays

## Bottom Line

If you're already a Wealthsimple client or willing to become one, this is one of the best flat-rate cashback cards in Canada — especially when the fee is waived. The 2% on everything (including foreign purchases) plus 0% FX fees is a combination that's hard to beat.

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**Want the full details?** Read our complete [Wealthsimple Visa Infinite Review](/wealthsimple-visa-infinite-review-2026/) for all the numbers, insurance details, and comparisons.

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