The Wealthsimple Visa Platinum Prepaid card is the spending card linked to the Wealthsimple Chequing account. It works like a debit card, with no credit check, no income requirement and no monthly fee.
Wealthsimple Visa Platinum Prepaid: best card for travellers
If you travel or shop online in USD, this card was built for you. Wealthsimple adds no FX markup, and it refunds ATM operator fees worldwide, with no limit on the number of refunds.
Between trips, your balance keeps working. The linked Chequing account earns up to 2.25% interest. The virtual card also works instantly with Apple Pay and Google Wallet.
Should I get a card from Wealthsimple?
Founded in Toronto in 2014, Wealthsimple now serves 3.6 million clients and holds more than $155 billion in assets. About a quarter of Canadians aged 18 to 40 use at least one of its products.
Beyond investing, it offers chequing, a 2% cash back credit card, tax filing and business accounts. In 2026, new chequing accounts passed new investment accounts for the first time.
How to get a card from Wealthsimple?
To get the Wealthsimple Visa Platinum Prepaid, you need to:
- Be a resident of Canada
- Be of the age of majority in your province or territory
- Open a Wealthsimple Chequing account
- Verify your identity with your personal details
Apply for the card
- Download the Wealthsimple app or visit wealthsimple.com.
- Create your Wealthsimple account.
- Open a Wealthsimple Chequing account.
- Get your virtual Visa Platinum Prepaid card instantly and add it to Apple Pay or Google Wallet.
- Add money by direct deposit, Interac e-Transfer or a transfer from another account.
- Want a physical card? Request it in the app. It arrives within 15 business days.
FAQ
1. How does the Wealthsimple Visa Platinum Prepaid interest work?
As a prepaid card, it charges no interest because you only spend money that’s already in your account. Your Chequing balance earns up to 2.25% interest instead.
2. How to increase the Wealthsimple Visa Platinum Prepaid limit?
There’s no credit limit. You can spend whatever is in your Chequing account, up to $25,000 per transaction and $30,000 per day. To spend more, add funds by e-Transfer, direct deposit or transfer.
3. How to pay off the Wealthsimple Visa Platinum Prepaid?
There’s nothing to pay off. Purchases come straight out of your Chequing balance, so there’s no monthly bill, no due date and no late fee. Just keep your account topped up.
4. How to cancel a card from Wealthsimple?
Move your balance out first. Then contact Wealthsimple support through the app to cancel the card or close your Chequing account. You can also freeze a lost card in the app right away.