Improved Investment Insights Offered by Wealthsimple to Aid User Decisions
Wealthsimple Unveils Visa Infinite Card and Enhanced App Features
Canadian investment platform Wealthsimple is making waves in the financial industry with its latest announcements. The company, founded in 2014, has recently rolled out a significant software update and is working on the launch of a Visa Infinite card.
The software update introduces the "Enhanced Performance Insights" feature, available only on the mobile app. This feature aims to help users make wiser financial decisions by providing easy-to-read metrics on unrealized returns, time-weighted returns, historical dividends, realized returns, deposits, and contributions. Unfortunately, at the moment, the data from the "Enhanced Performance Insights" cannot be exported.
The new metrics tracked in real-time reflect Wealthsimple's commitment to transparency and providing users with a comprehensive understanding of their investment performance. Over the past decade, Wealthsimple has added features such as crypto custodianship, margin trading, and other alternative investment vehicles.
Wealthsimple's CEO has declared that the company does not want to become a bank, but wants to be something better. This ethos is reflected in the forthcoming Wealthsimple Visa Infinite card, anticipated to launch around mid-2025. The card offers a 2% unlimited cash back rate on all purchases, making it a compelling choice for consumers.
The Visa Infinite card is issued under license by Wealthsimple Payments Inc. and operates as a Visa Infinite product, implying premium benefits typical of Visa Infinite cards such as travel insurance, purchase protections, and concierge services. However, specific benefit details for this card are not explicitly stated in the sources.
Customers are already joining a waitlist for access to this new card. No exact official release date is published yet, but the launch preparations and promotion activities in mid-2025 suggest imminent availability.
In summary, Wealthsimple's latest updates and upcoming Visa Infinite card represent a significant step forward for the company. The software update provides users with enhanced insights into their investment performance, while the Visa Infinite card offers a competitive cash back rate and premium benefits. The card represents Wealthsimple's move deeper into mainstream credit offerings beyond its existing prepaid Wealthsimple Card.
Users interested in personal-finance and investing can benefit from the Enhanced Performance Insights feature on Wealthsimple's updated mobile app, offering valuable metrics for making informed decisions. The forthcoming Wealthsimple Visa Infinite card, with its 2% unlimited cash back rate, represents an expansion of the company's offerings into the realm of technology-driven finance and merchandising services.
