The Simplii Financial Cash Back Visa Infinite Card is one of Canada’s best-kept no-annual-fee credit card secrets — a Visa Infinite tier card earning 4% cash back on restaurant/bar/coffee shop spending, 1.5% on grocery/gas/drugstore, and 0.5% on everything else, with no annual fee. Issued by CIBC’s direct banking brand, it provides Visa Infinite benefits (travel insurance, purchase protection, hotel programs) at $0/year, which is exceptional at this tier.
Quick Verdict
Best for: Canadians who earn $60K+ and spend significantly on dining and restaurants — the 4% cash back on all eligible restaurant/bar/coffee spending is among the highest no-fee dining rates in Canada. Exceptional value for foodies, café regulars, and those who expense dining frequently.
Not ideal for: Those who want the highest grocery rate (Scotiabank Gold Amex at 6x Scene+ on Sobeys groceries, or BMO CashBack World Elite at 5% grocery are stronger); those who don’t qualify for Visa Infinite income threshold; or those who want points (Simplii is cash back only).
Key Card Details
| Feature | Detail |
|---|---|
| Annual fee | $0 |
| Income requirement | $60,000 individual / $100,000 household |
| Additional cardholder fee | Verify at simplii.com |
| Purchase interest rate | Verify at simplii.com |
| Cash advance rate | Verify at simplii.com |
| Foreign transaction fee | 2.5% — verify at simplii.com |
| Network | Visa (Infinite tier) |
| Rewards | Cash back |
| Cash back payment | Annually (December) as statement credit |
| Welcome bonus | Verify current offer at simplii.com |
Card terms, earn rates, and all features are subject to change. Verify all current details at simplii.com before applying.
Earn Rates
| Spending Category | Cash Back |
|---|---|
| Eligible restaurant, bar, and coffee shop purchases | 4% |
| Eligible groceries, gas, and drugstore | 1.5% |
| All other eligible purchases | 0.5% |
Annual cash back example
| Category | Monthly Spend | Rate | Annual Cash Back |
|---|---|---|---|
| Restaurants / bars / coffee | $500 | 4% | $240 |
| Groceries | $600 | 1.5% | $108 |
| Gas | $200 | 1.5% | $36 |
| Drugstore | $100 | 1.5% | $18 |
| All other | $1,000 | 0.5% | $60 |
| Total | $2,400/month | $462/year |
At $0 annual fee, $462 is pure cash back profit.
4% Restaurant Cash Back: A Canadian Card Benchmark
Few no-annual-fee Canadian cards match 4% on dining:
| Card | Annual Fee | Dining Rate |
|---|---|---|
| Simplii Financial Cash Back Visa Infinite | $0 | 4% |
| Scotiabank Gold Amex | $120 | 5x Scene+ (≈5%) |
| Amex Cobalt | $155.88 | 5x MR (≈5%) |
| BMO Eclipse Visa Infinite | $150 | 5x on food/dining |
| TD First Class Travel Visa Infinite | $139 | 3x TD Rewards on dining |
Simplii earns 4% on dining at $0 annual fee — Scotiabank Gold Amex and Amex Cobalt earn more but charge $120–$156/year.
For a cardholder spending $500/month on dining:
- Simplii: $240/year, $0 fee → $240 net
- Scotiabank Gold Amex: $300/year (approx.), $120 fee → $180 net
- Amex Cobalt: $300/year (approx.), $156 fee → $144 net
The fee-free 4% beats premium cards for pure dining value at moderate spend levels.
Visa Infinite Benefits
| Benefit | Details |
|---|---|
| Emergency medical travel insurance | Verify limits and eligibility at simplii.com |
| Trip cancellation / interruption | When travel charged to card — verify |
| Car rental collision/loss damage waiver | Decline rental CDW — verify terms |
| Purchase protection | 90 days against damage or theft |
| Extended warranty | Doubles manufacturer’s warranty (up to 1 year) |
| Visa Infinite Hotel Collection | Best available rates at participating hotels |
| Visa Infinite Concierge | 24/7 concierge assistance |
| Visa Infinite Dining | Curated restaurant experiences |
Fees and Rates
| Fee | Amount |
|---|---|
| Annual fee | $0 |
| Purchase interest rate | Verify at simplii.com |
| Cash advance rate | Verify at simplii.com |
| Foreign transaction fee | Verify at simplii.com (typically 2.5%) |
Simplii Financial Cash Back Visa Infinite vs. Key Competitors
| Card | Annual Fee | Dining | Grocery | No-Fee Visa Infinite? |
|---|---|---|---|---|
| Simplii Cash Back Visa Infinite | $0 | 4% | 1.5% | Yes |
| Scotiabank Momentum Visa Infinite | $120 | 2% dining | 4% grocery | No |
| CIBC Dividend Visa Infinite | $120 | 4% grocery+dining | 4% | No |
| TD Cash Back Visa Infinite | $120 | 3% grocery+gas | 3% | No |
| Meridian Visa Infinite CB | Verify | Verify | Elevated | Possibly $0 |
For dining focus: Simplii’s 4% at $0/year is the strongest Canadian option for restaurant-heavy spenders at no fee.
For grocery focus: CIBC Dividend (4% grocery, $120/year) or Scotiabank Momentum (4% grocery, $120/year) beat Simplii on grocery category earn.
Who Is the Simplii Financial Cash Back Visa Infinite Best For?
Ideal cardholders:
- Those who spend $300+/month on dining, restaurants, bars, and coffee — 4% cash back with no fee is extraordinary
- Simplii Financial banking clients who want to consolidate no-fee banking and a top-tier cash back card
- Canadians who qualify for Visa Infinite ($60K income) and want $0 in annual fees while accessing travel insurance
- Those who expense dining regularly and want cash back paid annually as a statement credit
Less suitable if:
- Grocery is your priority spend — CIBC Dividend Visa Infinite or Scotiabank Momentum are stronger on grocery
- You want cash back paid monthly — Simplii pays annually (December); Tangerine pays monthly
- You want points (Aeroplan, Scene+, Avion) rather than cash back
Simplii vs. CIBC: Same Infrastructure, Different Experience
| Aspect | Simplii Financial | CIBC |
|---|---|---|
| Branch access | None (digital only) | 1,000+ branches nationwide |
| Banking fees | No monthly fee (chequing) | Monthly fees (waived with conditions) |
| Card product | Simplii Visa Infinite | CIBC Dividend Visa Infinite ($120) |
| CDIC coverage | Yes (CIBC backed) | Yes |
| Best for | Digital-first users, no-branch preference | Those who want branch access |
If you’re comfortable with digital-only banking and want no monthly banking fees, Simplii is a stronger value proposition than CIBC’s fee-waived equivalent.
Bottom Line
The Simplii Financial Cash Back Visa Infinite Card is one of Canada’s best credit card deals in 2026 — 4% cash back on restaurant and dining, Visa Infinite benefits, and zero annual fee. For dining-heavy spenders, it outperforms competitors that charge $120–$156/year.
The annual December cash back payment is the main quirk — plan for it if you need cash flow flexibility. Everything else about this card is exceptional for its $0 price point.
Card terms, cash back rates, Visa Infinite benefits, and income requirements are subject to change. Verify all current details at simplii.com before applying.