Simplii Financial Cash Back Visa Card
Simplii Financial (CIBC) · Cashback · Statement Credit
This comprehensive guide covers the Simplii Financial Cash Back Visa Card's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The Simplii Financial Cash Back Visa Card from Simplii Financial (CIBC) offers cashback rewards credited directly to your statement at 4% (up to C$5,000 per cycle). Top earning categories include 4% cash back on restaurants (up to $5,000 per year) and more. This card has no annual fee.
Best for: Dining, Fuel, Grocery, Pharmacy
Reward Examples
Spend C$1,000 on Dining → earn C$40 (4%) · 4% cash back on restaurants (up to $5,00
Spend C$1,000 on Fuel → earn C$15 (2%) · 1.5% cash back on gas, groceries and dru
Spend C$1,000 on General online → earn C$5 (1%) · 0.5% cash back on everything else
Official product page → Official rules →
Waiver: No annual fee
Reward Rules
- 4% 4% cash back on restaurants (up to $5,000 per year) (cap: C$5,000)
- 2% 1.5% cash back on gas, groceries and drugstore (up to $15,000 per year) (cap: C$15,000)
- 1% 0.5% cash back on everything else
Important Notes
- No annual fee — one of the best no-fee cashback cards in Canada.
- 20% intro cashback for first 3 months on eligible purchases.
- Minimum $15,000 income requirement.
- Purchase security and extended warranty included.
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
Simplii Financial Cash Back Visa Card vs Similar Cards
- Alterna Savings Cash Back Visa — 2% top rate · C$0
- BMO Cash Back Mastercard — 3% top rate · C$0
- BMO CashBack World Elite Mastercard — 5% top rate · C$120
Maximize Your Rewards
To earn the highest rewards, use the Simplii Financial Cash Back Visa Card for its bonus categories: Dining, Fuel, Grocery, Pharmacy, General Online.