Here’s a breakdown of how to apply for a Simplii Financial credit card in Canada:
Eligibility Requirements
Before you begin, make sure you meet the basic requirements:
- Household income: Minimum of $15,000 annually.
- Residency: Canadian resident (excluding Quebec).
- Age: Age of majority in your province/territory.
- Credit history: No bankruptcy within the past 7 years.
Steps to Apply
- Choose your card: Simplii Financial offers a few credit cards. Their most popular is the Simplii Financial Cash Back Visa Card. You can compare it to their other offerings on Simplii Financial website.
- Apply online:
- Visit the Simplii Financial website and navigate to their credit card section.
- Select the card you are interested in and click “Apply Now”.
- The online application will request your:
- Personal information (name, address, social insurance number, etc.)
- Employment details
- Financial information
- Wait for approval Most applications are processed quickly, and you might get an instant decision. In some cases, it might take a few days.
- Receive and activate your card. If approved, you’ll receive your card in the mail. Activate it according to the included instructions.
How to Get Approved for a Simplii Credit Card?
- Strong Credit History: Maintain good credit habits – pay bills on time and keep credit utilization low.
- Sufficient Income: Demonstrate the ability to repay your debts.
- Address Your Debts: Before applying, pay down existing balances as much as possible.
- Minimum Credit Score: Simplii doesn’t publicly disclose a minimum credit score. Like most institutions, they look at your whole credit profile. A good credit score (660 or higher) will significantly improve your chances of approval.
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