The Simplii Financial Cash Back Visa card is a great option for people who want to earn cashback on their everyday purchases. With no annual fee and a simple rewards structure, this card is a great way to save money. You can receive up to 4% cash back on your daily purchases, 10% cash back for up to $500 in the first 4 months, and a $50 cash back rebate when you apply through this link.
Read on to see if the Simplii Financial Cash Back Visa Card is the right card for you.
Key Card Features
- No annual fee
- Add up to 3 free additional cards
- Great rewards on everyday purchase
- Purchase Security and Extended Protection Insurance
- Apply through this secure link for a $50 Cash Back Rebate
Simplii Financial Cash Back Visa Card Benefits
1. Introductory purchase rate
If you’re looking to save on interest charges, this card might be a good choice for you. This card offers a low introductory purchase rate of 9.99% for the first six months. After that, the standard APR of 19.99% applies.
The card also comes with no annual fee, so you can keep more of your hard-earned cash in your pocket.
2. Fantastic welcome bonus
This card has one of the best exciting welcome bonus for a no-annual fee card in Canada. You can earn up to 10% cashback on your first $500 in purchases, which is a great way to start earning rewards with your new card.
3. Purchase security and extended warranty
Security and peace of mind are important when making any purchase, especially for big-ticket items. With the Simplii Financial Cash Back Visa Card, you can rest assured that your purchases are covered. This card offers purchase security of up to 90 days from the date of purchase and an extended warranty that doubles the manufacturer’s warranty by up to 1 year. So you can shop with confidence.
4. Global Money Transfer
Simplii Financial’s Cash Back Visa Card is one of the most popular cashback credit cards on the market. And for a good reason: it offers a simple way to earn cash back on your everyday purchases.
But what many cardholders don’t know is that the Cash Back Visa Card can also be used to send money abroad for free. That’s right: with Simplii Global Money Transfer, you can send money to over 80 countries around the world without paying any transaction fees.
So whether you’re looking to earn cashback on your everyday spending or you need to send money to family or friends overseas, the Simplii Financial Cash Back Visa Card is a great option.
How to earn cash back reward with the Simplii Cash Back Visa Card
The Simplii Financial card is a cash back credit card with no annual fee. However, it also has some decent earning potential which is detailed as follows:
- Earn 4% cash back on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.
- Earn 1.5% cash back on eligible gas, groceries, drugstore purchases, and pre-authorized payments, up to $15,000 per year.
- And finally, earn 0.5% cash back on all other credit card purchases with no limit on how much you earn.
What’s more? You can also enjoy 10% cash back on your first $500 spent at restaurants and bars as a welcome bonus.
Simplii Financial Cash Back Visa Card Downsides
The main downside of this card is that all of your cashback accumulates throughout the year, and it will appear as a one-time credit on your December statement. This is not good enough. Other cash back cards in Canada, such as the Tangerine Money-Back Credit Card, pay out their reward every month.
The Simplii Financial Cash Back Visa Card is a great choice for anyone looking to save on interest costs and earn cashback rewards. This card offers a low-interest rate, no annual fee, and a rewards program that allows you to earn cashback on your purchases. If you eat out frequently, this card is definitely a good choice