Simplii Financial Cash Back Visa
A strong dining rate and free additional cards make this a solid pick for comfortable digital-only banking.
The Simplii Financial Cash Back Visa offers up to 4% back at restaurants, bars and coffee shops with no annual fee.
It was built for Canadians who bank online and spend heavily on eating out, and who want to add up to three extra cardholders at no annual fee.
Beyond dining, it pays 1.5% on gas, groceries, drugstores and pre-authorized payments, and offers up to $100 cash back as a welcome bonus.
Why is the Simplii Cash Back Visa worth it?
The appeal is the dining rate paired with a $0 annual fee. The catch is that the top rate has a ceiling, and the card is limited to citizens and permanent residents outside Quebec.
Advantages
- 4% cash back at restaurants, bars and coffee shops, on up to $5,000 per year
- 1.5% on gas, groceries, drugstores and pre-authorized payments, up to $15,000 per year
- 0.5% on all other purchases with no limit
- No annual fee, with up to 3 additional cardholders earning cash back for you
- Welcome offer of up to $100 cash back in the first 3 months
Disadvantages
- Purchase APR is 21.99% and cash advances are 22.99%
- The 4% and 1.5% rates stop after their annual spending caps
- A minimum household income of $15,000 is required
Important notice: this content is informational and based on official sources. We do not act as a financial intermediary.
Inside the Simplii Cash Back Visa
Simplii Financial issues this card on Visa, so it works wherever Visa is accepted, in store or online. Rewards depend on the category of each purchase.
A heavy diner who passes $5,000 in restaurant spending drops to the 0.5% base rate for the rest of the period, so the rate is best viewed as a bonus on the first $5,000 rather than a permanent 4%.
Key information
- Annual fee: $0
- Dining, bars, coffee: 4% up to $5,000 annually
- Gas, groceries, drugstores, pre-authorized payments: 1.5% up to $15,000 annually
- Other purchases: 0.5%
- Interest rates: 21.99% purchases, 22.99% cash advances
- Eligibility: citizen or permanent resident outside Quebec, age of majority, household income of at least $15,000
Last updated: 01/10/2026
Digital platform: Simplii mobile app
Cardholders handle their banking through the Simplii mobile app and the online banking portal.
Who is the Simplii Cash Back Visa ideal for?
A household that spends a lot at restaurants and coffee shops, is happy managing money on a phone, and would use authorized users will get the most from it.
People who rarely eat out, or who do not meet the income and residency conditions, will see less benefit.
Common questions
How much is the dining cash back?
4% at restaurants, bars and coffee shops, up to $5,000 in annual spending.
Can I add other cardholders?
Yes, up to 3 additional cardholders can be added, and they earn cash back for you.
What is the welcome offer?
Up to $100 cash back in the first 3 months, when you spend up to $500 on eligible gas, grocery and drugstore purchases and pre-authorized payments.
Is the Simplii Cash Back Visa a good option?
For frequent diners comfortable with online banking, the category rates and lack of an annual fee are attractive. The caps, the 21.99% purchase rate and the income and residency conditions are the trade-offs.
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