Simplii Financial Cash Back Visa review: how it works and how to apply

If you want cash back rewards without a complicated program, the Simplii Financial Cash Back Visa could be a good fit.

This credit card is offered by Simplii Financial, a digital bank that operates as a division of CIBC.

That means you deal with a bank that’s part of a major Canadian institution, while doing your banking online and through the mobile app.

With no annual fee and cash back on your regular purchases, it’s a straightforward option for everyday spending.

In this guide, we’ll show you who it’s for, what it offers, and how to get one. Keep reading!

Who is the credit card for?

This credit card suits Canadians who spend regularly at restaurants and on essentials like gas, groceries, drugstore items and pre-authorized payments, and who don’t want to pay an annual fee.

It’s also a natural fit for people who are comfortable with digital banking, since Simplii Financial operates online and through its mobile app.

Keep in mind that, to qualify for this card, you must:

• Have a minimum household annual income of $15,000;
• Live in Canada and be a Canadian citizen or permanent resident. Quebec residents aren’t eligible;
• Have reached the age of majority in your province or territory;
• Not have declared bankruptcy in the last 7 years.

Benefits of the credit card

The Simplii Financial Cash Back Visa stands out for its simple rewards system and useful features.

Let’s break down the main perks this card provides:

No annual fee

The card has no annual fee for the primary cardholder or for up to 3 additional cardholders.

That means you get the card’s benefits without paying just to keep it.

Up to 4% back on dining and drinks

You earn 4% cash back on eligible purchases at restaurants, bars and coffee shops.

Whether it’s a brunch with friends or your daily coffee, these purchases earn the card’s highest rate.

This rate applies to up to $5,000 in purchases per year. After that, purchases in this category earn 0.5%.

1.5% on essential everyday purchases

Eligible gas, grocery and drugstore purchases, as well as pre-authorized payments, earn 1.5% cash back on up to $15,000 in purchases per year. After that, they earn 0.5%.

0.5% on all other purchases

Anything that doesn’t fall under dining or essentials earns 0.5% cash back.

There’s no limit on the total cash back you can earn.

Cash back paid once a year

Your cash back accumulates from your January statement to your December statement. It’s then applied automatically as a credit on the primary cardholder’s January statement.

Your account must be open, in good standing and within its credit limit when the cash back is redeemed.

Add up to three additional cardholders

You can add up to three additional cardholders to your account, like family members or a partner, at no cost.

Their purchases earn cash back for your account, and you can set a spending limit for each additional cardholder.

Purchase Security and Extended Protection Insurance

The card includes Purchase Security and Extended Protection Insurance, which doubles the manufacturer’s warranty for up to one additional year on eligible purchases charged to the card.

Coverage is subject to the terms, limits and exclusions in the Certificate of Insurance.

Widely accepted wherever Visa is

Because it’s a Visa card, you can use it wherever Visa is accepted, in stores and online, in Canada and abroad.

You can also add it to Apple Pay, Google Pay or Samsung Pay. Keep in mind that purchases in foreign currencies carry a 2.5% conversion fee, and the card doesn’t include travel insurance.

Main details of the card

• Card network: Visa;
• Use outside Canada: accepted wherever Visa is accepted, with a 2.5% foreign currency conversion fee;
• Credit limit: set by Simplii Financial based on your application;
• Annual fee: $0;
• Interest rates: 21.99% on purchases and 22.99% on cash advances, balance transfers and convenience cheques;
• Does it accept clients with bad credit? Simplii Financial doesn’t publish a minimum credit score. You can’t have declared bankruptcy in the last 7 years, and approval depends on Simplii’s credit assessment.

Rates and fees checked on September 22, 2026, against the Simplii Financial website and Summary of Rates and Fees (current as of September 1, 2025). Confirm current terms on the Simplii Financial website before applying.

Documents required to apply

Simplii Financial doesn’t publish a full list of documents for this card. When you apply, you can expect to:

• Provide your personal information, including a residential address in Canada;
• Provide employment and income information;
• Verify your identity. Simplii offers Interac document verification, so you can verify your identity online with a government-issued photo ID.

How to contact Simplii Financial?

You can reach Simplii Financial through the following methods:

• Chat: available on the official website;
• General inquiries and application questions: 1-888-723-8881;
• TTY service (teletypewriter users only): 1-888-632-9022;
• E-mail: talktous@simplii.com;
• Mailing address: Simplii Financial, PO Box 603, STN Agincourt, Scarborough, ON M1S 5K9;
• Insurance claims: Belair Insurance Company Inc., at 1-866-363-3338 in Canada and the U.S.

How to apply for the credit card?

Go to the Simplii Financial website and select the Cash Back Visa card.

If you already bank with Simplii, sign on to online or mobile banking to apply. If you’re new to Simplii, choose the option to apply as a new client and fill out the online application.

Once your application is submitted, Simplii says it can tell you within a few days if you’ve been approved. If more information is needed, Simplii will contact you directly.

Opinion about the card

The Simplii Financial Cash Back Visa credit card is a practical option for Canadians outside Quebec who want to earn cash back on everyday purchases without paying an annual fee.

It pays its best rates on dining and on essentials like gas, groceries and drugstore purchases, which makes it most useful if a good part of your spending falls in those categories.

On the other hand, the cash back is paid only once a year, the card doesn’t include travel insurance, and foreign currency purchases carry a 2.5% fee. If those points matter to you, compare other cards before applying.

This content is for information purposes only and does not constitute financial advice. Finvyu is not affiliated with Simplii Financial or CIBC.

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