This card is not available to Quebec residents.
Simplii Financial™ Cash Back Visa Card*
At 4% cash back on dining, no no-annual-fee card in Canada earns more at restaurants. Pairs well for households where dining out is a regular line item and groceries are handled by a second card — the 1.5% rate on gas, drugstores and pre-authorized payments covers the rest of everyday spending cleanly.
Welcome bonus
Earn up to $100 cash back in your first 3 months when you spend up to $500 on eligible gas, grocery, and drugstore purchases, and pre-authorized payments.
worth approximately $100
~$100 first-year value
Earn rates
Capped — 4% on the first $5,000 a year, then 0.5%
Capped — 1.5% on the first $15,000 a year, then 0.5% (shared with Drugstores, Gas and Groceries)
Capped — 1.5% on the first $15,000 a year, then 0.5% (shared with Recurring bills, Gas and Groceries)
Capped — 1.5% on the first $15,000 a year, then 0.5% (shared with Recurring bills, Drugstores and Groceries)
Capped — 1.5% on the first $15,000 a year, then 0.5% (shared with Recurring bills, Drugstores and Gas)
What this card earns you
Enter what you spend in a month. Caps are applied exactly as the card states them.
Annual spend
$21,600
$1,800 a month
Estimated rewards
$360
per year, after caps
After the annual fee
$360
no annual fee
1.5% on the first $15,000 a year, then 0.5%
That ceiling is shared with Gas, Recurring bills and Drugstores — one bucket between them, not one each.
$90
per year
1.5% on the first $15,000 a year, then 0.5%
That ceiling is shared with Groceries, Recurring bills and Drugstores — one bucket between them, not one each.
$27
per year
4% on the first $5,000 a year, then 0.5%
$144
per year
0.5%
$12
per year
1.5% on the first $15,000 a year, then 0.5%
That ceiling is shared with Groceries, Gas and Drugstores — one bucket between them, not one each.
$72
per year
0.5%
$15
per year
Estimates use each card's published earn rates and spending caps, annualized from your monthly figures. Where a cap is shared across categories it is split in proportion to what you spend in each. Welcome bonuses are not included.
Key facts
Annual fee
$0
$0 for primary cardholder and up to 3 additional cards.
Purchase APR
21.99%
Cash advance APR
22.99%
Foreign transaction fee
2.5%
Income required
$15,000
Credit score
600+
Quebec residents — terms may differ
This card is not available to residents of Quebec.
Rates and fees sourced from Simplii Financial's official card page →
Perks & benefits
4% cash back at restaurants — highest dining rate on any no-fee card
1.5% cash back on groceries, gas, drugstores and pre-authorized payments
No annual fee — strong long-term value for regular diners
$15,000 household income requirement — widely accessible
Insurance coverage
- Purchase security (90 days) and extended protection (1 year).
Pros & cons
Pros
- 4% restaurant rate is the highest available on a no-annual-fee card
- 1.5% on groceries, gas and drugstores covers most everyday spending
- No annual fee keeps the card cost-neutral
- Backed by CIBC — reliable banking infrastructure and fraud protection
Cons
- 4% dining rate capped at $5,000 spend per year — heavy diners hit this by July
- 1.5% bonus categories capped at $15,000 annually
- 0.5% base rate on everything else is low
- Not available to Quebec residents
Eligibility requirements
- Open only to Canadian residents who have reached the age of majority in their province of residence and have not held a Simplii Financial product as the primary account holder on or before March 1, 2025.
Frequently asked questions
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