Wealthsimple takes on Big Six with launch of credit cards and loans (thelogic.co)

submitted 4 days ago by Sunshine@lemmy.ca to c/canada@lemmy.ca

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[-] DeepChill@sh.itjust.works 2 points 3 days ago

You said it yourself. The Costco card has different reward percentages depending on what you buy and where. The benefit of this new card is the complete lack of categories. It’s just 2% across the board on all purchases at any store. When I shop at Costco I’d effectively be getting 4% cash back. 2% on this credit card and 2% because I have the executive membership.

[-] Kelsenellenelvial@lemmy.ca 1 points 3 days ago

Isn’t the WealthSimple card a Visa though? Costco only takes Mastercard so you wouldn’t be using it there. Costco card is 3% on Costco gas and restaurants, 2% on other gas and Costco.ca. For me that’s a big part of my spending.

Now if someone doesn’t do Costco then the WealthSimple card is probably a better option than lots of other cards. Particularly if they qualify for not paying the monthly fee.