Recently, Simplii Financial introduced a new welcome bonus offer on the no-fee Simplii Financial Cash Back Visa card. Notably, it’s offering up to 20% cash back on $500 spend in select categories within the first 3 months. This is a excellent offer and means you could earn up to $100 cash back!
Plus, new Simplii customers can earn $400 when they open a Simplii Financial No Fee Chequing account!
Let’s go through the details of this new credit card offer.
20% cash back offer with the Simplii Financial Visa
The welcome bonus offer on the Simplii Financial Visa card is quite straightforward. During the first 3 months of having the card, you could earn up to 20% cash back on grocery, gas, drugstore purchases and pre-authorized payments on up to $500 spend.
Usually, these categories earn 1.5% cash back but during this promotion, Simplii is boosting that rate by 18.5% to a total of 20% cash back up on a max of $500 spend.
This means you could earn up to $100 cash back if you spent the max of $500 on those categories! Note that the cash back will be awarded in 2 amounts: $92.50 (18.5% of $500) and also $7.50 (1.5% of $500) on your January statement.
On top of this welcome offer, there are some great reasons to apply for the Simplii Financial Cash Back Visa card.
Benefits of the Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa card is one of the best no annual fee cash back credit cards in Canada. It’s highly regarded by many for the following reasons:
- No annual fee. You don’t pay anything to hold this credit card and is an excellent choice for first-time credit card holders.
- Send money abroad. You can earn cash back with your card when you send a Simplii Global Money Transfer to family or friends around the world. Plus, there are no transaction fees for this service.
- Connect to mobile wallets. Connect your Simplii credit card with Apple Pay, Google Pay or Samsung Pay to pay with your smartphone while on the go.
- Free additional authorized users.
- Purchase assurance (covers loss, theft or damage in the first 90 days)
- Extended warranty (doubled up to 1 year).
Simplii Visa card earning rates
With the Simplii Financial Cash Back Visa card , you’ll earn:
- 4% cash back on restaurants, bars and coffee shops. You can earn 4% cash back on purchases at eligible restaurants, bars, coffee shops & take-out up to a maximum of $5,000 per year. This means you could earn up to $200 cash back per year!
- 1.5% cash back on groceries, gas and pharmacy. You can earn 1.5% cash back on purchases at eligible groceries, gas stations and pharmacies up to a maximum of $15,000 per year. This means you could earn up to $225 cash back per year!
- 0.5% cash back for everything else. For all other purchases, you’ll earn 0.5% cash back. This includes the other categories once you go over the maximum amount per year.
Note that your cash back accumulates yearly and is posted as credit on your January statement.
Also, learn how to earn additional cash back with food delivery apps when you link your Simplii credit card to cash back apps.
How to open a Simplii Financial Cash Back Visa
It’s quite simple and fast to open a Simplii Financial Cash Back Visa online. Sadly, Simplii is not available for residents of Quebec.
To apply for this card, you first need to be a current Simplii client (with a chequing or savings account).
If you don’t have a Simplii bank account, you can also apply for chequing account simultaneously as your credit card application. Read my Simplii Financial review to learn more about the Simplii No Fee Chequing account and how you can earn up to $400 if you apply before June 30, 2023.
Note you’ll need a minimum annual income of $15,000 to apply for this credit card.
**Important notice** applying for this credit card will result in hard inquiry by Simplii Financial on your credit report.
To start, you’ll need the following info:
- Personal information including address, phone number & email address
- Social insurance number (SIN)
- Employment information
- Smartphone to download the Simplii app (optional)
- Cheque from your current bank account (optional)
Click on my referral link and you should see the special “Refer a Friend” page. Click on Apply now to start the process.
- Choose which account(s) you want to open (Chequing, Savings, Credit Card or Line of Credit).
- Confirm you’re a resident of Canada and the intended use for the account.
- Next, enter your personal information (name, SIN, address, phone, email, etc).
- Afterwards, you should receive an email from Simplii with details about how to verify your identity.
Summary
The Simplii Financial Cash Back Visa Card is currently offering up to 20% cash back on up to $500 spent on pre-authorized payments + gas, grocery & drugstore purchases if the first 3 months.
Plus, this highly rated, no annual fee cash back credit card lets you earn between 0.5%-4% cash back depending on the category.
Plus, apply for a new Simplii No Fee Chequing Account via my referral link and you could earn a $400 bonus!!! But hurry, offer is only valid until June 30, 2023.
Will you apply for the Simplii Financial Visa card? Let me know in the comments below.
Affiliate disclaimer: This review is based on my own personal experience with Simplii and is not sponsored by them. My blog contains referral or affiliate links. I receive a small commission at no additional cost to you. Thank you for your continued support.
Simplii is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, please visit the Simplii Financial website.