Wealthsimple Credit Card
4.4·No-fee, no-FX everyday cash back — especially for Wealthsimple clients
- Annual fee
- No annual fee
- Top reward
- 1% everything
- Rare no-fee card with no FX fees
- Flat 1% on everything, auto-invested
Rated by the CreditCardGuru Editorial Team
The cheapest way to collect transferable Membership Rewards points in Canada. Earn rates and insurance are bare-bones, but at $0 a year it is a useful keeper card.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- $200
- Foreign tx fee
- 2.5%
- Network
- AMEX
- Rewards
- points
- Purchase APR
- 21.99%
Rewards & earn rates
| All purchases | 1x |
Welcome offer: Up to 10,000 Membership Rewards points (Spend $1,000 in purchases in the first 3 months).
Pros & cons
Pros
- Rare no-fee access to fully transferable Membership Rewards points
- Decent 10,000-point welcome bonus for a no-fee card
Cons
- Flat 1x earn rate everywhere
- Essentially no travel insurance coverage
Perks & insurance
Key perks
- No annual fee, including free additional cards
- Full Membership Rewards flexibility: transfer 1:1 to Aeroplan, Avios and other partners
- Redeem points as statement credits on any purchase (1,000 points = $10)
- Amex Experiences and Front Of The Line presale tickets
Insurance
- Purchase protection up to $1,000 (90 days)
- Extended warranty (+1 year)
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 21.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but American Express can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on American Express's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and American Express's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with American Express. Trademarks belong to their respective owners.
Similar cards to consider
Tangerine Money-Back Credit Card
4.4·No-fee cash back with customizable bonus categories
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Top reward
- 2% groceries (a 2% category)
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“American Express Green Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/amex-green, updated June 7, 2026.