Wealthsimple Cash Prepaid Mastercard
Reward estimates are based on published earn rates and may vary. Butter may earn a referral fee when you apply through our links, including through partner networks. This never affects our recommendations, which are based on your spending data, not commissions. Butter provides information and tools, not financial advice.
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Is this card right for you?
The Wealthsimple Cash prepaid Mastercard: a spend-from-balance card (like a debit card) with no annual fee and no foreign transaction fee — not a credit card.
Wealthsimple clients who want no-FX-fee spending abroad from their cash balance.
People who want to spend from savings without a credit card.
You want to earn rewards (none currently) or build credit (it's prepaid).
You want credit-card protections/insurance.
Watch-outs Cash back was removed Oct 2025 — no rewards now. · It's prepaid: no credit line, no credit building.
Butter may earn a referral fee when you apply through our links, including through partner networks. This never affects our recommendations, which are based solely on your spending data, not commissions. Butter provides information and tools, not financial advice. Card details such as earn rates, fees and bonuses may change. Verify on issuer's site → Always confirm with the issuer before applying.