Apply the Simplii Financial Cash Back Visa Card

Your optimal credit card choice today, streamlined, rewarding, and digital – introducing the Simplii Financial Cash Back Visa Card.

For those who regularly use credit cards that offer cash back or rewards, the Simplii Financial Credit Card emerges as a stellar contender, facilitating everyday savings. Moreover, it introduces a remarkably seamless and straightforward digital experience, eliminating unnecessary red tape.

Indeed, it’s more than just a credit card; it’s akin to a financial ally. However, a comprehensive understanding of the product, its pros, and cons, is essential. Hence, in the ensuing sections, you’ll be able to evaluate if the card genuinely aligns with your expectations.

Limitations of the Simplii Financial Cash Back Visa Card

The Simplii Financial Credit Card comes with accelerated cash-back rates, but these are subject to strict spending limits — some as low as $5,000 annually. After reaching this threshold, the cash-back rate reduces to 0.5%. Additionally, the card lacks mobile device protection. Though CIBC Travel Medical Insurance is an optional addition, it is not part of the standard package.

Is the Simplii Financial Cash Back Visa Card Worth it?

The answer depends on your expenditure patterns and lifestyle. Individuals who frequently utilize their credit cards at gas stations, grocery stores, drugstores, and restaurants are best positioned to maximize the benefits of the Simplii Financial Cash Back Visa. While there’s no annual fee, the absence of certain insurance protections and travel perks might be a dealbreaker, depending on your credit card preferences.

Simplii Financial Customer Ratings

Low Trustpilot rating: At present, it holds a 1.8 rating out of a possible 5 stars, based on over 400 customer reviews.
Poor Better Business Bureau rating: 1.38 out of 5 possible stars based on 50 customer reviews. As of now, Simplii Financial is not accredited by the BBB.

Who Qualifies for the Simplii Financial Cash Back Visa Card?

To qualify for the Simplii Financial Credit Card, you must:
Reside in Canada (excluding Quebec).
Be at or above the age of majority in your province or territory.
Not have filed for bankruptcy within the past seven years.
Have a minimum annual income of $15,000.

Required Credit Score for Approval

Exact credit score requirements are seldom disclosed by Canadian credit card issuers, making it challenging to gauge your chances of approval when comparing credit cards. However, it’s universally acknowledged that higher scores improve your odds of approval.

How to Apply for the Simplii Financial Cash Back Visa Card

To apply for the Simplii Financial Cash Back Visa Card, you need to be an existing Simplii Financial customer. Existing customers can log into their Simplii online banking account to access the credit card application.

Prospective customers can join Simplii by applying for a Simplii No Fee Chequing or High Interest Savings Account. Simplii bank account applications can be completed online or by dialing 1-888-723-8881.

Reasons You Might Prefer a Different Card

The Simplii Financial Credit Card might not be the best fit if:

You desire a card with travel perks like lounge access, priority boarding, or complimentary checked bags.
You want a card with built-in travel insurance.
You’re inclined towards earning alternative rewards, such as points or miles.

In conclusion, harness the power of financial simplicity and amplify your everyday savings with the Simplii Financial Cash Back Visa Card. After all, why just spend when you can earn as well? Apply today and unlock a world of rewarding experiences.