You earn 2x on groceries and 2x at restaurants.

Annual Fee
$240
Base Rewards Rate
2x

Cash Back

Our valuation
Welcome offer
No current welcome offer

Pros

  • 2x on groceries
  • 2x at restaurants

Cons

  • High annual fee ($240)
  • No welcome bonus
  • Requires good credit
Wealthsimple Prepaid Mastercard
WealthsimpleCash Back

The Wealthsimple Prepaid Mastercard has no annual fee, making it risk-free to hold. It comes with a welcome bonus of $25.

Annual Fee
$0
Base Rewards Rate
Our valuation
$25

Milesopedia estimatePlus the advantages you get from year one: rebated annual fee and annual credits. Rewards on your spending are not counted here — set your profile in the calculator below to add them.

Welcome Bonus
$25

Pros

  • No annual fee
  • Welcome bonus of $25

Cons

  • Modest reward rates
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