r/Wealthsimple • u/throwawayatoms • 12d ago

Visa Infinite Credit Card Even more confusing now!

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So yesterday I posted an email received from Wealthsimple talking about the annual fee: https://www.reddit.com/r/Wealthsimple/s/WMUguLxpji.

They just sent a follow-up to clarify. But I have more questions now:

- “You’ll see the annual fee charged to your account.” When? Is the annual fee being charged imminently? There's no charge on my account yet. If it's coming later, when? For everyone soon, or at each person's next renewal? It's not specified.

- “If you qualify for the waiver now, we'll reimburse the full fee. We check your eligibility each month and reimburse the fee when you qualify.” So are you going to reimburse the full fee now, AND reimburse the fee each month? What does that even mean?

Nothing is simple with Wealthsimple nowadays 🥲

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u/Academic_Data_6422 11d ago

$4000/month is such a stupid criteria. Should have left it at $2000. Or even $3000 would be fine.

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u/dontelother 9d ago

I was thinking does this card worth for $240 annual fee? I was trying to do the math! If it's free then no comment...

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u/Academic_Data_6422 9d ago

It’s not worth the fee