Learn How to Apply for the Simplii Financial Cash Back Credit Card

What do You Need to Know Before Applying?

The Simplii Financial Cash Back Visa is a credit card focused on the best moments: restaurants and bars, allowing you to enjoy up to 4% cashback on those purchases!

Simplii Financial is shaking things up in the finance game! As a relatively new player, they offer a range of banking services with a solid focus on digital solutions. 

No wonder Forbes named them one of the world’s best banks in 2024, marking their sixth year of international acclaim!

Simplii Financial is all about cashback, letting you earn rewards in the form of money back. There’s no annual fee for the primary cardholder or for up to three additional cardholders, though the purchase interest rate sits at 20.99%.

With the Simplii Financial card, you can get a credit limit of up to $10,000, depending on your credit profile. 

They’re kicking things off with a fantastic 10% cashback welcome bonus on your bar and restaurant purchases during the first four months, up to a limit of $500 in spending.

Plus, if you sign up by the end of October 2024, you’ll snag a special $100 digital gift card for Skip!

Here’s how the cashback breaks down at 4% on purchases at restaurants, bars, and coffee shops with a cap of $5,000 in spending each year, 1.5% on eligible gas, grocery, pharmacy, and pre-authorized payments, limited to $15,000 per year and 0.5% on all other eligible purchases, and the best part?

No spending limit! And here’s some more good news: you can add up to three cardholders to rack up even more rewards with your friends! 

This card is also a great way to build your credit history, helping you make better purchases in the Canadian market since it reports to major credit bureaus in Canada.

Who an Apply?

Simplii Financial offers a fantastic bang for your buck, with pretty sweet requirements tailored for the Canadian crowd!

First off, you’ve got to be living in Canada, whether you’re a homegrown canadian or a foreigner with the right paperwork. 

To snag the Simplii Financial Cash Back card, you’ll need to have a minimum annual household income of $15,000. 

Also, make sure you’ve hit the age of majority in your province or territory and haven’t declared bankruptcy in the last seven years.

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

Ready to get started? Just look for one of those “Apply Now” buttons to start your application process for the Simplii Financial card.

The first step is to agree to the fee terms, and from there, you’ll breeze through a total of seven steps to share your info. Here’s what you’ll need to fill out:

• Your full name, date of birth, phone number, email address, full address, and housing type; plus details about your employment type and status (students included), annual income, and your yearly expenses. 

Got questions? No problem! You can reach out to customer service through various channels, including a handy online chat.

More Details

Simplii Financial provides a PRESTO voucher worth up to $250 for your next purchase, as long as you meet the necessary criteria. 

When you refer a friend who signs up for the Simplii Financial Cashback card, you’ll earn a bonus of $125, and your friend will get $50 too!

The card comes with a fantastic array of perks, including quick and easy online payments through Click to Pay and cutting-edge payment options like chip, PIN, or digital wallets.

Additionally, Simplii Financial offers Global Money Transfers, so you can send money internationally without incurring transaction fees or interest charges.

In terms of protection, you’ll enjoy Purchase Security and Extended Warranty Insurance, plus you can choose to add CIBC travel medical insurance if you’d like.

Want to learn another option?

The Scotiabank Platinum American Express is a premium travel credit card that offers up to 10 complimentary VIP access to lounges worldwide.

Plus, the card provides up to $2,100 in value with its 60,000 bonus points and a maximum limit of $10,000—check out how to apply! 

Written by

Gabriel Gonçalves