Wealthsimple
Wealthsimple is a crypto card issued on Mastercard, rated 6.4/10 in our latest review. Below: what it costs and what it demands, the tiers the issuer publishes, and how the card cleared our live checkouts.
Wealthsimple is the strongest fit for app store / play and free issuance, and asks for ID + proof at signup — we carry it at custodial; prepaid mastercard issued by KOHO financial risk. Treat the fee rows as the deciding factor: a card that clears reliably but charges on every top-up costs more than its rating suggests.
Profile
| Issuer / category | Wealthsimple · Crypto Card |
| Official site | https://www.wealthsimple.com |
| Best for | App Store / Play · Free issuance |
| Network | Mastercard |
| Rating | 6.4/10 (3.0★, 40 data points) |
| Data quality | partial |
Costs and fees
| Card creation fee | free |
| FX / conversion fee | 0% FX (no Wealthsimple markup; network conversion still applies) |
Verification and risk
| KYC required | yes (full KYC) |
| Risk level | custodial; prepaid Mastercard issued by KOHO Financial |
| AVS check | Yes |
| 3-D Secure | Yes |
Funding and limits
| Crypto top-up | yes (BTC, ETH, USDC via Wealthsimple Crypto) |
| Bank transfer | yes (Interac e-Transfer, direct deposit) |
| Alipay / WeChat Pay | no |
| Cards per account | Multiple |
Billing
| Billing address | Canada |
| Billing country | Canada only |
Platform compatibility
| ChatGPT | No |
| Claude | No |
| Midjourney | No |
| Netflix / Spotify | No |
| App Store / Google Play | Yes |
| Meta / Google Ads | No |
What the issuer states on its own site
- Low-fee, diversified, and as aggressive (or not) as you need.
- Wealthsimple Credit card The simplest way to get 2% cash back on everything you buy.
Source: https://www.wealthsimple.com.
How it performed in our tests
We logged 127 cleared charges out of 179 attempts on 1 documented range for this brand. Counts include renewals, not just first charges.
Where to go next
Checkout guides built around this card
Category guides
Issuing country
Other Mastercard virtual cards
Frequently asked
What does Wealthsimple cost to run?
The cost lines stack like this: issuing the card is free; conversion is priced at 0% FX (no Wealthsimple markup; network conversion still applies). Cash-out costs are what compound here, so weigh the recurring lines above the one-off fee.
Do I need to verify my identity for Wealthsimple?
Wealthsimple asks for ID + proof at signup. The check runs once when the account opens, not on each charge, and the issuer's own wording is: yes (full KYC)
How can I fund Wealthsimple?
You can fund it with crypto (BTC, ETH, USDC via Wealthsimple Crypto), bank transfer (Interac e-Transfer, direct deposit). Pick the one you can top up cheaply and repeatedly, because the load fee is charged every time.
Which billing address does Wealthsimple need?
Setting it up: the billing address type is Canada; cards are issued against Canada only; an AVS check is applied. Copy the address the issuer generates rather than retyping it. A transposed digit is the most common reason a working range starts failing.
Does Wealthsimple work for subscriptions and AI tools?
We recorded successful charges for the App Store and Google Play. Where a card passes on one merchant and fails on another, the difference is usually the processor and the 3-D Secure setting rather than the card itself.
Will Wealthsimple trigger 3-D Secure?
Yes. Wealthsimple supports 3-D Secure, so expect a step-up prompt on larger or first-time charges. An OTP you can complete is fine; a challenge that never arrives is what kills the order, so keep the issuer app open at checkout.
How many cards can I open with Wealthsimple?
Wealthsimple allows more than one number per account rather than a fixed count, and the issuer's own wording is: Multiple. Multiple numbers under one account is the practical pattern here, so a single merchant block does not take the rest of your billing down with it.
How VCCFinder tests
VCCFinder buys cards at retail and charges them on live checkouts, then publishes the clear rate and decline reasons next to each range. Where a card declined, the reason sits on its BIN page rather than in a footnote here.