Which has the lower annual fee, ATB Preferred Fixed-Rate or Wealthsimple Cash Prepaid Mastercard?

The Wealthsimple Cash Prepaid Mastercard has no annual fee, while the ATB Preferred Fixed-Rate charges $25/year.

Which card is better for groceries, ATB Preferred Fixed-Rate or Wealthsimple Cash Prepaid Mastercard?

The ATB Preferred Fixed-Rate earns 0% on groceries, while the Wealthsimple Cash Prepaid Mastercard earns 0%. The better choice depends on your grocery spending and the specific merchants you shop at.

Which card is better for international purchases?

The ATB Preferred Fixed-Rate has a 2.5% foreign transaction fee, while the Wealthsimple Cash Prepaid Mastercard has no foreign transaction fee. The card with no FX fee is better for international purchases.

ATB Preferred Fixed-Rate vs Wealthsimple Cash Prepaid Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Wealthsimple Cash Prepaid Mastercard edges ahead by $55/yr

Saves $30/yr in foreign transaction fees

ATB Preferred Fixed-Rate: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

−$55

/first year

-0.1% effective$5/mo

vs 1% no-fee card: −$474

Annual rewards earned+$0

FX costs−$30

Annual fee−$25

Winner

/first year

0.0% effective$0/mo

vs 1% no-fee card: −$419

Annual rewards earned+$0

FX costsNo FX fee

Annual fee−$0

Best for your spendingWealthsimple Cash Prepaid Mastercard—$0Year 1 value

+$55 more than ATB Preferred Fixed-Rate

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

Wealthsimple Cash Prepaid Mastercard edges ahead by $55/yr

Saves $30/yr in foreign transaction fees

Showing Year 1 analysis

Wealthsimple Cash Prepaid Mastercard wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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