Wealthsimple Cash has a promo offer where you can get 5% cash back when buying food and at restaurants, available for new and existing users of the Wealthsimple Cash Visa Prepaid Card.
The qualified spend applies to purchases between 12:00am EST on Fridays and 11:59pm EST on Sundays and to the following food and restaurant categories as classified by Visa’s “Merchant Category Codes”:
- 5812 – Eating Places and Restaurants
- 5813 – Drinking Places
- 5814 – Fast Food Restaurants
- 5499 – Convenience Stores and Specialty Markets
According to Toronto-based Wealthsimple, cash back credits are on net purchases only and pay outs will happen within 7 business days after qualified spends.
Wealthsimple Cash allows users to send and receive cash instantly, with no fees. There are no fees on deposits and withdrawals either.
Recently, Wealthsimple Cash started notifying some customers early access to the Cash card is now available. The black prepaid Visa card is now being mailed out to these select users. You can go to the Settings of the Wealthsimple Cash card to sign up for early access.
The Wealthsimple Cash prepaid Visa card also supports Apple Pay, after you add the card to the Wallet app on your iPhone. The card also supports Google Pay as well.
Disclosure: Wealthsimple is an affiliate partner of iPhone in Canada and allows readers to support the site.