Which has the lower annual fee, Preferred Visa or Wealthsimple Visa Infinite Credit Card?

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

Which card is better for groceries, Preferred Visa or Wealthsimple Visa Infinite Credit Card?

The Preferred Visa earns 1% on groceries, while the Wealthsimple Visa Infinite Credit Card earns 2%. The better choice depends on your grocery spending and the specific merchants you shop at.

Preferred Visa vs Wealthsimple Visa Infinite Credit Card — Which Is Better? | Churnr

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

Wealthsimple Visa Infinite Credit Card wins by $352/yr — strongest in groceries

Wealthsimple Visa Infinite Credit Card earns $128 more on groceries
Wealthsimple Visa Infinite Credit Card earns $48 more on bills & utilities
$240 higher annual fee, offset by rewards

Groceries: +$128Bills & Utilities: +$48Shopping: +$42

Showing Year 1 analysis

Dollar Value

$347

/first year

0.8% effective$29/mo

vs 1% no-fee card: −$72

Annual rewards earned+$347

FX costsNo FX fee

Annual fee−$0

Winner

$699

/first year

1.7% effective$58/mo

vs 1% no-fee card: +$280

Annual rewards earned+$694

Welcome bonus+$5

First-year fee waiver+$240

FX costsNo FX fee

Annual fee−$240

Best for your spendingWealthsimple Visa Infinite Credit Card—$699Year 1 value

+$352 more than Preferred Visa

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

Wealthsimple Visa Infinite Credit Card wins by $352/yr — strongest in groceries

Wealthsimple Visa Infinite Credit Card earns $128 more on groceries
Wealthsimple Visa Infinite Credit Card earns $48 more on bills & utilities
$240 higher annual fee, offset by rewards

Groceries: +$128Bills & Utilities: +$48Shopping: +$42

Showing Year 1 analysis

Wealthsimple Visa Infinite 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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Preferred Visa

Wealthsimple Visa Infinite Credit Card

Wealthsimple Visa Infinite Credit Card wins by $352/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

Card Perks

The Bottom Line

Data Sources

Preferred Visa

Wealthsimple Visa Infinite Credit Card

Wealthsimple Visa Infinite Credit Card wins by $352/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

Card Perks

The Bottom Line

Data Sources