In late April a new increased welcome bonus for the Simplii Financial Cash Back Visa Card that offers up to 20% cash back in the first 3 months on $500 in spend in select categories!
The 20% cash back welcome bonus offer
The 20% introductory offer is for the card’s accelerated category. That category typically earns 1.5% cash back but right now Simplii will boost that by 18.5% to a total of 20% for up to $500 in spend in the first three months.
The highest cash back percentage to date!
This new bonus from Simplii is now the highest cash back percentage we have ever seen on a Canadian credit card. That’s percentage only though, not the final value of the welcome bonus. As the 20% is limited to $500 in spend it only works out to $100 cash back. There are cards out there whose welcome bonuses provide more than double that even with a lower cash back percentage for their welcome bonus. However, the majority of those cards come with annual fees. In the no annual fee category the Simplii Financial Cash Back Visa Card’s $100 value is tied for fourth as there are three cards with higher welcome bonus values of $125 to $150.
Simplii Financial Cash Back Visa Card details
The Simplii Financial Cash Back Visa is a relatively good no fee cash back card that offers the following in addition to this new welcome bonus:
- Get 9.99% introductory annual interest on purchases for the first 3 months
- Earn 4% on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year
- Earn 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year
- Earn 0.5% on all other credit card purchases with no limit on how much you can earn.
- Purchase Security and Extended Protection Insurance
Click here to learn more and/or to apply for Simplii Financial™ Cash Back Visa* Card
Images via Simplii Financial