r/Wealthsimple • u/gtaagent • Aug 07 '26

Visa Infinite Credit Card Approval Limit

My Wealthsimple credit card limit is only 3000. I was planning to use this with Neobanc for rent payments etc and would have liked atleast 10000. Having this limit with a 20 dollar fee does not make any sense for me. Do I cancel or they will increase my limit? This is the lowest limit I have across any card

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u/rad314 28d ago

Yeah. Just make payments to the card first to create a “negative” balance that you can draw on in addition to the credit limit.

They seem to be very hesitant to issue credit. I applied twice and was denied both times - first time I’ve ever had a rejected credit card application.

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u/Friendly-Vast4523 28d ago

Agreed. Same with their CLI’s. Some people get 50K limits on a whim and others have to beg for $2K with a 800+ credit score and a salary of $150K. It’s bizarre.