Which has the lower annual fee, EQ Bank Card or Wealthsimple Visa Infinite Privilege Credit Card?

The EQ Bank Card has no annual fee, while the Wealthsimple Visa Infinite Privilege Credit Card charges $240/year.

Which card is better for groceries, EQ Bank Card or Wealthsimple Visa Infinite Privilege Credit Card?

The EQ Bank Card earns 0.5% on groceries, while the Wealthsimple Visa Infinite Privilege Credit Card earns 2%. The better choice depends on your grocery spending and the specific merchants you shop at.

EQ Bank Card vs Wealthsimple Visa Infinite Privilege Credit Card — Which Is Better? | Churnr

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

Wealthsimple Visa Infinite Privilege Credit Card wins by $520/yr — strongest in groceries

Wealthsimple Visa Infinite Privilege Credit Card earns $192 more on groceries
Wealthsimple Visa Infinite Privilege Credit Card earns $72 more on bills & utilities
$240 higher annual fee, offset by rewards

Groceries: +$192Bills & Utilities: +$72Shopping: +$63

Showing Year 1 analysis

Dollar Value

$173

/first year

0.4% effective$14/mo

vs 1% no-fee card: −$245

Annual rewards earned+$173

FX costsNo FX fee

Annual fee−$0

Winner

$694

/first year

1.7% effective$58/mo

vs 1% no-fee card: +$275

Annual rewards earned+$694

First-year fee waiver+$240

FX costsNo FX fee

Annual fee−$240

Best for your spendingWealthsimple Visa Infinite Privilege Credit Card—$694Year 1 value

+$520 more than EQ Bank Card

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

Wealthsimple Visa Infinite Privilege Credit Card wins by $520/yr — strongest in groceries

Wealthsimple Visa Infinite Privilege Credit Card earns $192 more on groceries
Wealthsimple Visa Infinite Privilege Credit Card earns $72 more on bills & utilities
$240 higher annual fee, offset by rewards

Groceries: +$192Bills & Utilities: +$72Shopping: +$63

Showing Year 1 analysis

Wealthsimple Visa Infinite Privilege Credit Card wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Mar 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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EQ Bank Card

Wealthsimple Visa Infinite Privilege Credit Card

Wealthsimple Visa Infinite Privilege Credit Card wins by $520/yr — strongest in groceries

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Welcome Bonus

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources

EQ Bank Card

Wealthsimple Visa Infinite Privilege Credit Card

Wealthsimple Visa Infinite Privilege Credit Card wins by $520/yr — strongest in groceries

Dollar Value

Show calculation breakdown

Show calculation breakdown

Earn Rates by Category

Merchant Reality Check

Wallet Optimizer

Welcome Bonus

Fees & Foreign Exchange

Insurance & Benefits

Eligibility

The Bottom Line

Data Sources