Card Overview
Wealthsimple Card is a Visa debit card from Canada's largest online investment platform, offering 1% cashback and 0% FX fees. Seamlessly connected to your Wealthsimple investing, crypto, and savings accounts. Free issuance with Interac e-Transfer and direct deposit support.
This is a Visa crypto card. It offers cashback rewards.
Fees & Limits
| Issuance Fee | Free |
|---|---|
| Annual Fee | Free |
| FX Fee | 0% (Wealthsimple does not charge FX markup) |
| ATM Limit | CAD 1,000/day |
| Spending Limit | Not disclosed |
Core Features
- Card Type: Virtual + Physical
- Top up with: Direct deposit, Interac e-Transfer, crypto from Wealthsimple account
- Available Countries: Canada
Supported Cryptocurrencies
The Wealthsimple Card allows you to top up and spend using various cryptocurrencies. Your crypto is automatically converted to local fiat at the point of sale.
Supported assets: Direct deposit, Interac e-Transfer, crypto from Wealthsimple account
Who Is the Wealthsimple Card Best For?
The Wealthsimple Card is best suited for everyday crypto holders looking for a simple, convenient way to spend digital assets without managing wallets manually.
With 1% cashback cashback on eligible purchases, the Wealthsimple Card rewards active spenders who use the card as their daily driver.
The card is currently available in Canada only — ideal for residents and frequent travellers in those areas.
Best for
- Frequent spenders who want to earn 1% cashback cashback
- Users who want a simple, app-managed crypto card experience
- Cost-conscious users — zero issuance and annual fees
Avoid if
- You require full non-custodial control of your funds at all times
- You need traditional bank integration (IBAN, SEPA, direct debits)
- You want a card backed by government deposit insurance (FDIC / FSCS)
Compare the Wealthsimple Card side-by-side with alternatives using the full card listing or explore our Visa crypto cards category.
Key Strengths & Considerations
Strengths
- 1% cashback; 0% FX; free card; integrated investing/crypto/savings platform; Canadian regulated
- No card issuance fee
- No annual maintenance fee
- Accepted at 80 million+ Visa merchants worldwide
- Virtual card available instantly — no shipping required
Considerations
- Canada only; 1% cashback not highest in market; limited crypto-specific features
- Custodial product — funds held by the issuer
- Limited to certain regions — not globally available
- KYC identity verification required to activate
How to Get the Wealthsimple Card
Getting started with the Wealthsimple Card is straightforward. Follow the four steps below to apply, verify your identity, and start spending your crypto.
Create a Wealthsimple account
~5 minutesVisit the official Wealthsimple website or download their mobile app. Register with your email address, set a strong password, and accept the terms of service. Sign-up is free.
Complete KYC verification
1–3 business daysSubmit a government-issued photo ID (passport or national ID card) along with a live selfie for identity verification. Wealthsimple processes applications in line with AML and KYC regulations.
Fund your card
Usually instantOnce verified, top up your card balance using Direct deposit, Interac e-Transfer, crypto from Wealthsimple account via the platform's funding interface. Your crypto is automatically converted to the local fiat currency at the prevailing rate when you spend.
Start spending immediately
InstantYour virtual Wealthsimple Card is available immediately in the Wealthsimple app. Use it for online purchases, or add it to Apple Pay or Google Pay for in-store contactless payments.
Requirements
Regional Availability
Available in Canada only
The Wealthsimple Card is currently available in Canada only. Regional restrictions may apply — visit the official issuer website to confirm availability in your country before applying.
Frequently Asked Questions
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