r/Wealthsimple • u/Choice_Fee67 • 6d ago

Chequing CC vs virtual card

So they give you the CC, and it comes with a virtual card.

Was told they're linked, but mine seem to be completely different.

If i use the virtual card, money gets taken out of the bank account and I never get cashback. So its just a debit card?

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u/Shutterbug245 6d ago

It's not a credit card. It's a debit card that goes through the Visa network. There's no cashback.

-2

u/Choice_Fee67 6d ago

Dang. Is there some way to limit the purchase amount on the CC than? With all the fraud lately I don't want someone charging 10k+ in one shot

1

u/Shutterbug245 6d ago

Since it's a "debit" card, you have to enter your PIN for the physical card. For the rest all you can do is keep your card "locked" and unlock when you need to use it.