News Summary

Toronto-based fintech company Wealthsimple is set to launch its new Visa Infinite Privilege credit card, offering enhanced travel and lifestyle benefits to its clients. The upgraded card, which builds on the existing Visa Infinite card, will provide access to over 1,200 airport lounges, enhanced travel insurance, luxury hotel upgrades, and increased travel medical protection. Wealthsimple plans to distribute the new card to eligible clients over the coming months, with a focus on those who meet the income requirements of at least $150,000 in personal income or $200,000 in household income. Existing users will continue to enjoy benefits such as 2% cash back on purchases and no foreign exchange fees.