Last updated July 3, 2025

General Information

How do I participate in the 2025 Credit Card Cash Back Boost Promotion?

Please note that this promotion is invite-only. If you’re invited, you can register for the offer during the Promotion Period via a promotional card included within your Wealthsimple app or personalized invite.

How do I qualify for the 2025 Credit Card Cash Back Boost Promotion?

There are two simple steps to qualifying. Wealthsimple clients with an active Credit Card can qualify by:

1. Registering for the offer during the Promotion Period, and
2. Transferring or depositing at least $25,000 of qualifying funds into your Self-directed Investing, Managed Investing, Crypto, or chequing accounts within 30 days of registering

For each $25,000 in successful qualifying funding, you will earn 31 days of boosted cash back, up to a maximum of 12 31-day periods.

You’ll earn a 5% boost on your first $20k of spend (up to $1,000 in cashback) per eligible 31-day period. After that, your cash back rate will return to 2% per eligible 31-day period.

 

Funding	Boost
$25,000+	1 month boost
$50,000+	2+ month boost
$100,000+	4+ month boost
$150,000+	6+ month boost
$300,000+	12+ month boost

 

How do I confirm that I've registered?

You'll receive a confirmation email at the address we have on file. You can check your registration status in the Reward Centre in the Wealthsimple app or on the desktop site within 24 hours of registering.
 

Is there a minimum amount I must deposit?

Yes, a minimum of $25,000 in net deposits is required to qualify for the promotion.
 

Do I have to pay transfer fees?

Wealthsimple will automatically reimburse the transfer-out fee per account from another institution if the transfer amount is $25,000 or more in a single account transfer.
 

When will I start receiving the boosted cash back amount?

Your boosted cash back rate will begin two business days after your qualifying funding is received, but  no earlier than June 26, 2025, whichever comes later

How much can I earn?

The maximum amount of boosted cash back you can earn at the 5% rate is on your first $20,000 of spend, or a total cashback of $1,000 per eligible 31-day period. After that, your cash back rate will return to 2% until the next 31-day period (as applicable).

EXAMPLE

Say you have a net deposit balance of $100,000 at Wealthsimple. After registering for the promotion, you transfer $75,000.

After the $75,000 lands in your account, the cash back rate on your credit card will update from 2% to 5%, effective for 90 days (three 31-day periods)

 

How much do I have to hold during the hold period?

To maintain the boosted cash back rate, you’ll need to maintain your net deposits before registration, plus 80% of your qualifying funding.

EXAMPLE

Say you have a net deposit balance of $100,000 at Wealthsimple. After registering for the promotion, you transfer $75,000.

After the $75,000 lands in your account, the cash back rate on your credit card will update from 2% to 5%, effective for 93 days (three 31-day periods)

Your minimum balance to maintain the boost is $160,000 ($100,000 + 80% of $75,000), or in other words, you have $15,000 available to spend without impacting the boost. If you withdraw $20,000, meaning your net deposits are now $155,000, your cashback rate will drop back to 2% as of the next business day.

What happens if I withdraw during the 12-month hold period?

If you withdraw more than the minimum balance required during the hold period, you will stop receiving the boosted cash back rate on any purchases. We may also claw back the value of any previously paid boosted rewards or charge the amount to your credit card balance.

 

What if I withdraw money, register for the promotion, and then redeposit money? Does that count?

No. If you make large or multiple withdrawals before registering for the promotion, these withdrawals may be included in the calculation of your eligible deposits. If we suspect attempts to game the system, we reserve the right to remove you from the promotion altogether.

I have a joint account. Can both account owners contribute towards receiving two rewards?

No. Deposits into a joint account or Spousal RRSP will only count toward the eligibility of the primary account holder.

If you make deposits to a joint account, the primary account holder needs to be registered to receive the boost, but both account holders can contribute to the qualifying amount.

Which transfers and deposits are eligible?

Deposits, institutional transfers, and crypto transfers from other Canadian investment institutions are eligible. All account types are eligible.

Transfers between Wealthsimple accounts and Wealthsimple for Business Group Plan accounts are not eligible.

If you transfer a non-registered margin account with a margin debit balance, that balance will be deducted from the total transfer value.

Can I combine this offer with other promotions?

This promotion can be combined with the Wealthsimple Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, 1% Cash Back on Your Bills Promotion, Wealthsimple Chequing Discovery Promotion, Direct Deposit Incentive, and Super Boost Referral Promotion.

For further clarity, the same net deposits cannot count toward two separate promotions. Funds attributed to a past promotion cannot be "swapped" and qualified for the Cash Back Boost.

Are there tax implications for the boost?

There are tax implications to boosts of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report any value derived from the boost. Clients are solely responsible for any required tax reporting.

 

Terms and Conditions

Wealthsimple Credit Card Cash Back Boost Promotion (the “Promotion”)

This Promotion is sponsored by Wealthsimple Technologies Inc. (together with its affiliates  “Wealthsimple”). 

Promotion Period. From June 17, 2025 at 12:01AM ET (the “Promotion Period”).

Eligibility. To be eligible for the Promotion, the person must, at the time of participation, including when the Boost (as defined below) is awarded:

 

• be a new or existing Wealthsimple Visa Infinite* credit card (“Credit Card”) cardholder, with all Wealthsimple accounts in good standing;
• be a legal resident of Canada (excluding Quebec);
• be the age of majority, or older, in their province/territory of residence;
• be a recipient of the invitation to participate in this Promotion; and
• meet the requirements set out below.

(the “Client”).

Funding Period. The funding period begins at 12:01am ET on the day of the Client’s first registration of the Promotion during the Promotion Period and ends thirty (30) days after at 11:59pm ET (the “Funding Period”).

Qualifying Funding. To participate in the Promotion, eligible Clients must: (i) register during the Promotion Period via either: (a) a promotional card included within the Wealthsimple app, then (ii) initiate a deposit(s) from a third-party financial institution, an institutional transfer(s), or a crypto transfer(s) from their existing investment account at a Canadian investment institution other than Wealthsimple, totaling $25,000 or more into a Wealthsimple Self-directed Investing, Managed Investing, Crypto, or chequing account (each a “Wealthsimple Account”) during the Funding Period (a “Qualifying Funding”). For greater certainty, transfers and deposits from entities affiliated with Wealthsimple, transfers to Wealthsimple chequing accounts, Wealthsimple for Business Group Plan transfers will not be considered a Qualifying Funding. Funds must be received by Wealthsimple within thirty (30) days of the end of the Funding Period to be considered a Qualifying Funding.

If the Client’s Wealthsimple Account is an RESP, a Spousal RRSP, or a joint account (each a “Multiple Holder Account”) where there is a primary and secondary account holder, the primary account holder must be the individual registered for the Promotion to be eligible for the Boost. Registrations by a secondary account holder in their capacity as a secondary account holder for a Multiple Holder Account are not considered valid registrations for the purpose of this Promotion. When the primary account holder is registered for the Promotion, any transfers, deposits, or withdrawals to and from the Wealthsimple Account made by the primary or the secondary account holder will count towards the calculation of the Net Funding Amount (as defined below) for the primary account holder. Any Boost applied per these terms and conditions would be towards the primary account holder. For greater certainty, the secondary account holder will not be eligible for a Boost. 

 

There are no fees associated with the creation of a Wealthsimple Account. A Client can open a Wealthsimple Account by visiting https://www.wealthsimple.com/en-ca and following the instructions on how to create an account. Further details on transferring an account to Wealthsimple can be found at https://wsim.co/transfer-account. 

Transfer Fee from External Institutions. There may be fees charged by an institution outside of Wealthsimple for the transfer of the Client’s account(s) to Wealthsimple. Wealthsimple will automatically reimburse the transfer-out fee per account from an institution if the Client’s Qualifying Transfer is equal to or greater than $25,000 in a single account transfer. For further details and conditions, please visit https://wsim.co/fee-reimbursement.

Boost. The boost amount of 3% additional cash back on top of the Credit Card’s 2% cash back (the “Boost”) is based on the cumulative transfer amount from the Qualifying Funding, less withdrawals and any margin debit balances (the “Net Funding Amount”). Every $25,000 in Net Funding Amount will qualify for a Boost for thirty-one (31) days (a “Boosted Period”), up to a maximum of twelve (12) consecutive Boosted Periods. For greater certainty, any Net Funding Amount of $300,000 or more will only qualify for twelve (12) Boosted Periods.

 

The Boost offer is only available on the first $20,000 net purchases per Boosted Period. Any purchases over this amount will earn at the regular cash back rate of 2%.

 

All other terms and conditions associated with the Credit Card apply. This Boost cannot be applied retroactively and remains subject to change, at Wealthsimple’s sole discretion. Maximum one (1) Boost per Client.

Hold Period. Clients who receive a Boost may not spend or otherwise remove (i) the cumulative balance of the Client’s Wealthsimple account(s) prior to the start date of the Funding Period, and (ii) more than 20% of the Net Funding Amount from of their Wealthsimple Account(s) (“Withdrawal”) for three-hundred and sixty five (365) days from the end of the Funding Period or the Boost for the remaining eligible period will cease to apply.  Transfers between the Client’s own Wealthsimple account(s) and/or negative fluctuations in the Net Funding Amount solely due to market conditions will not be counted towards the Withdrawal Limit. Withdrawals on any profits, dividends, interests or benefits otherwise derived from the Net Funding Amount, and withdrawals from a Multiple Holder Account by the secondary account holder will be counted towards the Withdrawal Limit.

Application of Boost. Upon receipt of the qualifying Net Funding Amount, the Boost will be applied to the Client’s Credit Card within two (2) business days of the receipt of the qualifying Net Funding Amount,  or when you receive your virtual Credit Card upon approval, whichever is later, on all qualified settled transactions during a Boosted Period(s). In the event the Client’s net purchases during a Boosted Period exceed the maximum amount in accordance with these terms and conditions, the Boost will be deactivated until the next Boosted Period. For greater certainty, Client will only earn the regular cash back rate of 2% for the remainder of a Boosted Period. 

 

Any returns on settled transactions with the Boost may be adjusted at the Boost cashback rate.

 

If Wealthsimple, as determined at its sole discretion, suspects fraudulent behaviour or gaming the system including, but not limited to, making withdrawals prior to the Funding Period and subsequently depositing part or all of those withdrawals for the purpose of benefiting from this Promotion, Wealthsimple reserves the right to include such withdrawals in the calculation of Net Funding Amount, disqualify the Client from participating this Promotion and to take any other action it deems appropriate including, but not limited to, removing the value benefited from the Boost from the Client’s Credit Card(s), or closing their Credit Card or Wealthsimple account(s). For greater certainty, transfers made between Client’s Wealthsimple account will not affect the Net Funding Amount.

Tax Implications. There are tax implications to boosts of this nature in most instances. Please consult with an accountant or tax professional for additional guidance. Wealthsimple will not be issuing clients a tax slip to report any value derived from the Boost. Clients are solely responsible for any required tax reporting.

Combinability. Unless specified in the terms of other promotions, this Promotion cannot be combined with other offers or promotion codes other than the Wealthsimple Referral Promotion, Wealthsimple x Pine Mortgage Cash Back Offer, Wealthsimple Chequing Discovery Promotion, Direct Deposit Incentive, Super Boost Referral Promotion, and Wealthsimple Cash Direct Deposit Incentive Promotion.

 

If Client had previously registered for a non-combinable promotion and subsequently registers for this Promotion, all deposits and transfers eligible for this Promotion will count towards this Promotion and not the previously registered non-combinable promotion(s).

 

If, after registering for this Promotion, the Client subsequently registers for another non-combinable promotion(s), please refer to the terms for those promotion(s) for details.

Currency. All currency shown in these terms and conditions are in Canadian dollars.

Release. By participating in the Promotion, Client assumes all risk of injury, illness, disease, death, or any other damage which may arise in connection with their participation in the Promotion. Without limiting the foregoing, client hereby: (a) forever releases and discharges Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) in any way arising directly or indirectly out of any injury, loss, or damage that the Client may suffer as a result of, or in connection with the participation in the Promotion or any promotion-related activity, including the posting of the Boost to their Credit Card and subsequent use of the value derived from the Boost; and (b) indemnifies, defends and holds harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of the Client’s own negligence or willful misconduct during or in connection with their participation in the Promotion.

 

General. Wealthsimple reserves the right to cancel, amend, withdraw or restrict the Promotion at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, gaming of the system, inappropriate, offensive or derogatory language or information or a violation of these terms, as determined in Wealthsimple’s sole and absolute discretion, Wealthsimple reserves the right to remove all promotions from the Wealthsimple account(s) and take any other action it deems appropriate including, but not limited to, removing any benefit derived from the Boost or closing the Wealthsimple account(s). This Promotion cannot be used in conjunction with any other promotional offer, unless specified herein. An invitation to participate in this Promotion does not provide assurance that you will be accepted as a customer of Wealthsimple. This Promotion is only valid for individuals in the location cited above that otherwise meet our eligibility requirements. The standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to the use of Wealthsimple and any agreements that apply to the Wealthsimple account(s) each apply and are not affected in any way by this Promotion.

 

In the event of any discrepancy or inconsistency between the terms and conditions of the Promotion and disclosures or other statements contained in any related materials, including but not limited to the point of sale, print or online advertising, the terms and conditions of the Promotion shall prevail, govern and control.

Our chequing product is offered by Wealthsimple Investments Inc. (“WSII”), a member of the Canadian Investment Regulatory Organization, and Wealthsimple Payments Inc., a Financial Transactions and Reports Analysis Centre of Canada registered money services business. The funds added to chequing account(s) (the "Funds") are ultimately held securely in trust in the name of the primary account holder with a single or multiple members of the Canada Deposit Insurance Corporation ("CDIC"). CDIC protects eligible deposits held at CDIC member institutions in case of a member institution’s failure. Wealthsimple Payments Inc. and WSII are not CDIC member institutions. Under the trust framework, CDIC insures eligible cash balances up to $100,000 per beneficiary, per member institution, provided certain disclosure rules are met. Coverage is free and automatic. Learn more about how CDIC protection works. Funds must be spread across at least 10 CDIC member institutions in order for up to $1,000,000 in deposits to benefit from applicable CDIC coverage. The advertised interest rate for the chequing account is derived from interest earned by Wealthsimple on the funds. The Funds are settled with any CDIC member(s) one business day following the date that Funds are reflected in the account.

 

The Wealthsimple Visa Infinite Credit Card is issued under license by Wealthsimple Payments Inc.

 

* Trademark of Visa Int., used under license.