The Simplii Financial™ Cash Back Visa* Card is a no-annual-fee credit card designed to reward you for everyday spending.
Whether you're dining out, buying groceries, or filling up your gas tank, this card offers attractive cash back rates that can help you save money while you spend. Here's a detailed look at the benefits and application process for this versatile credit card.
What are the requirements to apply?
Applying for the Simplii Financial™ Cash Back Visa* Card is straightforward, but there are a few key requirements you must meet:
Age and Residency
- You must be at least the age of majority in your province or territory.
- You need to be a Canadian resident (excluding Quebec).
Employment and Income
- A minimum annual household income of $15,000 is required.
- Proof of steady employment or a consistent source of income is necessary.
Credit Score
- A good credit score is advisable to increase your chances of approval. Typically, a score above 650 is considered good.
What documents are needed?
When you're ready to apply for the Simplii Financial™ Cash Back Visa* Card, having the following documents at hand will streamline the process:
Identification
- Government-issued photo ID (e.g., driver's license, passport).
- Proof of Canadian residency, such as a utility bill or rental agreement.
Financial Information
- Recent pay stubs or other proof of income.
- Bank statements or tax returns for additional income verification.
- Information about any existing debts or credit card accounts.
What are the main uses of this credit card?
The Simplii Financial™ Cash Back Visa* Card is designed to be versatile, offering significant cash back rewards on various spending categories.
Everyday Purchases
Earn cash back on all your everyday purchases, making your regular spending more rewarding. This includes groceries, dining, and gas, ensuring you get value back for your essential expenditures.
Dining and Food Delivery
You earn up to 4% cash back on eligible restaurant, bar, and coffee shop purchases. This includes both in-restaurant dining and food delivery services, making it ideal for food enthusiasts.
Gas and Groceries
For your regular fuel and grocery shopping, earn 1.5% cash back. This is perfect for those routine trips to the supermarket and gas station, helping you save on necessities.
Drugstore Purchases and Pre-Authorized Payments
Earn 1.5% cash back on purchases at drugstores and on pre-authorized payments. This includes monthly subscriptions, insurance payments, and more, allowing you to earn rewards on recurring expenses.
All Other Purchases
For all other purchases, you earn 0.5% cash back. This includes a wide range of spending categories, ensuring you get rewarded no matter where you shop.
Our advice for applicants
If you're planning to apply for the Simplii Financial™ Cash Back Visa* Card, consider these tips to enhance your application experience:
Gather Necessary Documents
Before starting your application, ensure you have all required documents ready. This includes your identification, proof of income, and any other financial documentation. Being prepared will help speed up the process.
Maintain a Good Credit Score
A good credit score significantly increases your chances of approval. Make sure your credit report is accurate and address any discrepancies. Pay down existing debts and avoid applying for multiple credit cards at once.
Understand the Card Benefits
Familiarize yourself with the cash back rates and how they apply to different spending categories. Plan your spending to maximize your rewards. For instance, prioritize using the card for dining and gas purchases to earn the highest cash back.
Review the Terms and Conditions
Read through the card’s terms and conditions carefully. Understand the interest rates, fees, and cash back redemption policies. Knowing these details will help you use the card more effectively and avoid unexpected charges.
Weigh the pros and cons. Is it worth it?
When deciding whether the Simplii Financial™ Cash Back Visa* Card is right for you, it's important to weigh the benefits against any potential drawbacks.
Pros
- No Annual Fee: Enjoy all the benefits without paying an annual fee.
- High Cash Back Rates: Earn up to 4% cash back on dining and food delivery, and 1.5% on gas, groceries, and drugstore purchases.
- Additional Cardholders: Add up to three additional cardholders at no extra cost, allowing you to earn cash back faster.
- Purchase Protection: Benefit from extended warranty and purchase protection insurance.
Cons
- Income Requirement: A minimum annual household income of $15,000 is required, which might exclude some applicants.
- Interest Rates: The interest rate for purchases is 20.99%, and 22.99% for cash advances, which can add up if you carry a balance.
- Excludes Quebec: Unfortunately, residents of Quebec are not eligible to apply.
Conclusion
The Simplii Financial™ Cash Back Visa* Card is an excellent option for those looking to earn rewards on everyday purchases without the burden of an annual fee. It's particularly valuable for individuals who spend significantly on dining, groceries, and gas. The card's high cash back rates and additional perks make it a worthwhile addition to your wallet.
Apply once and for all for Simplii Financial™ Cash Back Visa* Card on the official website!
Ready to reap the rewards of the Simplii Financial™ Cash Back Visa* Card? Click the button below to start your application on the official Simplii Financial website. With its impressive cash back rates, no annual fee, and comprehensive benefits, this card is designed to make your spending more rewarding. Don’t miss out on the opportunity to maximize your cash back on everyday purchases!