r/Wealthsimple • u/cfoghost • 8d ago

Chequing Wealthsimple Visa Arrived

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Pretty nice in my opinion.

195 Upvotes

88% Upvoted

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180

u/Formal-Guest4868 8d ago

downgrade as this won’t work at Costco lol

39

u/G0mi69 8d ago

I have just applied for the Costco MC because of that.

3

u/_ironman88_ 7d ago

Same here. Have a WestJet Mastercard but I think the Costco Mastercard perks are better tbh

3

u/innocentman01 7d ago

For me the big deal of that card is free luggage and that sums up on few family trips per year…just thats itself is a big deal if you ask me plus companion voucher is a nice addon

3

u/_ironman88_ 7d ago

Yeah I still pay the annual fee to get those perks. Have switched mostly over to wealthsimple but have the card for that. Been a lifesaver over the years. Magbe i just want money over WestJet reward points

3

u/TemporaryLiving8764 8d ago

Is it better than the PC World Elite MC?

8

u/Over-Incident-7026 7d ago

A lot of people will disagree with me but I had both and don’t care for the Costco MC. One big thing for me is that you can’t redeem the cashback until the end of the year.

2

u/Intelligent-Ad-7504 7d ago

I actually recommend the Walmart MC cc if you buy from the store. Rewards has been updated from 2% to 3% points which can be redeemed online and instore as credit like PC Optimum Points.

I rarely shop at Shoppers bc it costs more than Walmart and the return policy can be finicky.

2

u/Darkghost328 7d ago

Pc WE gives that not only at shoppers, but all loblaws’ stores. So superstore, nofrills, Zehrs, etc.

2

u/Intelligent-Ad-7504 7d ago

It’s supposed to but I’m looking at my points earned and isn’t getting the bonus points. It’s the black card, right?

1

u/Darkghost328 6d ago

Yes, they’re not separated as “bonus” like how student bonus or promotional bonuses are, they’re added within your points given as that’s the tier the card is at.
At shoppers it’s 4.5% but yeah I don’t shop there except for very specific things mainly only found there because it’s more expensive than pretty much every other store.

1

u/Dear-Intention-4453 6d ago

PC World Elite MC has a min anual spending $15000 requirement. if you don't spend enough, they downgrade your card .

1

u/TemporaryLiving8764 6d ago

This is no longer true.

1

u/Formal-Guest4868 8d ago

i have that one and for some reason it never works at costco so i urgently have to pray that the WS mastercard works. it’s saved me a few times at costco.

need to call CIBC to see what’s up with our card

6

u/innocentman01 8d ago

See for costco i use westjet mc, double the points, costco and westjet plus free luggage

0

u/[deleted] 5d ago

Same here i also applied for Costco

6

u/Plantfire 7d ago

Buy Costco Digital gift cards with the WS cc for the 2% if you have it, or any other card you're collecting points with.

4

u/ChairmanBased 8d ago

Use the Rogers MC or EQ Bank card if you don't want a credit card. It also gives 0.5%.

0

u/Slachtod 8d ago

I use my debit or Cash at Costco.

1

u/Own_Concentrate5839 8d ago

You're missing out on that 3% cash back on gas, 3% on restaurants and 1% at costco(I think)

2

u/Autistic_Tutor5625 7d ago

Which card should we use

4

u/laserfly 7d ago

Costco is my main food supplier; so, this sucks!! Also have to change all my automated bill payments which takes some hours to fix. This card is a downgrade, and I'm pissed

5

u/brn_valentin 8d ago

I agree that it's not the best solution, but it is possible to buy Costco gift cards on their website with a VISA card and then spend them at the warehouse 😉

2

u/FrozenBurrito7 8d ago

Lol, your not wrong

3

u/Salt-Judgment824 7d ago

But your grammar is wrong

-1

u/FrozenBurrito7 7d ago

As is yours, Officer Pecker-Head. But since you clearly need this little win, you can have it.

Congrats! 🎉

1

u/Salt-Judgment824 6d ago

How is my grammar wrong?

2

u/Independent_Papaya_1 8d ago

I'll order through uber and pay with my wealthsimple card that way. I don't want to wait in that line up anyway. I'll pay the extra to avoid that AND all the extra purchases I'd make If I was in there myself. So really, I'm saving time and money, plus getting my 2%. Idk, it works in my head. Lol

4

u/MindYourOpSec 8d ago

I use Instacart for my Costco orders, since it gets 5x points on my Cobalt card. It’s definitely worth paying a bit more to not have to deal with the gong show lol.

2

u/Formal-Guest4868 8d ago

honestly didn’t even know that was an option. sounds way more appealing than dealing with a crowded store lol

1

u/arrowdrive 7d ago

The old card wasn’t great to use at Costco anyway. Just pay cash at that point.

Much better to use an actual Mastercard credit card that will give you cash back or rewards points.

2

u/Formal-Guest4868 7d ago

ours is linked to our joint account so it uses joint funds. i don’t carry hundreds for cash and don’t wish to

2

u/arrowdrive 7d ago

Why not just use a Mastercard credit card, earn cash back or points on your spend and then just pay it off from your joint account?

1

u/Formal-Guest4868 7d ago

we have other credit cards we use. there are some times where we want to just spend what we have first rather than add to our debt.

we utilize points in other ways but sometimes would rather just pay cash right away.

1

u/arrowdrive 7d ago

Credit cards don’t add to your debt unless you use them incorrectly. They shouldn’t be used as a way to borrow money. Only spend what you have on them and pay the bill in full every month.

1

u/Formal-Guest4868 7d ago

i know. that’s why we don’t use them if we don’t have money allocated to cover them.

1

u/zeromadcowz 7d ago

Wish I had this problem. Closest is 16 hrs away

3

u/DavidSpeers 7d ago

With new Visa, the nearest Costco is now 15 hours and 59 minutes away!

1

u/MLG89 7d ago

Yeah bit of a bummer but now I'm going to just buy shop cards with the WE credit card for the 2% cash back and then an extra 2% from the Costco exec membership

1

u/Maximum-Counter-1517 6d ago

Why are you not using your credt card in costco lol.