Wealthsimple · Visa · Cash back
Reviewed 2026-07-06 · By The Points Standard editorial team
Wealthsimple Visa Infinite Privilege Card
An unusual premium card: it pays a flat 2% instead of transferable points, while still bundling real lounge access and strong insurance. The catch is qualifying — this carries one of the steepest income/asset eligibility bars of any card in this database.
Standard Score breakdown — Strong
Six weighted components, each rated 0–10. "Contributes" is the rating × weight — add all six and you get the 6.57/10 Standard Score above.
See how the Standard Score works or re-weight it to your priorities.
The numbers
| Annual fee | $240 |
| Welcome bonus | None currently offered |
| Est. bonus value | ≈ $0 |
| First-year net value | ≈ $360 |
Earn rates
| All purchases | 2% |
Why it earns its score
- Flat 2% cash back on everything plus 0% foreign transaction fees
- Six lounge visits per membership year across 1,200+ airports via Visa Airport Companion
- Enhanced insurance: up to $2,000,000 emergency medical and rental car collision/loss damage up to $65,000 MSRP
- Metal card issued automatically at the Premium/Generation asset tiers
Where it loses points
- No welcome bonus
- Applicant eligibility is gated by a $150K personal / $200K household income bar (or $400K assets / $50K annual spend) — most applicants won't qualify
- Card rollout has been reported as invite-limited even for eligible clients
Who it's for
High-income or high-asset Wealthsimple clients who want lounge access and stronger insurance stacked on a flat 2% cash-back, no-FX card.
Who should skip it
You don't clear the $150K personal / $200K household income (or $400K asset) eligibility bar — the standard Infinite+ delivers the same cash-back and no-FX math without the gate.
Included insurance
Emergency travel medical (up to $2,000,000) · Trip cancellation/interruption · Baggage delay · Rental car collision/loss damage (up to $65,000 MSRP) · Purchase protection · Extended warranty
Source: issuer card page · Last reviewed 2026-07-06. Details change often — confirm current terms with the issuer before applying.