How to Use the Wealthsimple Apple Marketplace: Earn 5% Cash Back

Wealthsimple launched the Apple Marketplace on Thursday allowing eligible clients to buy a curated selection of Apple devices directly inside the mobile app using a mix of credit cards and accumulated rewards, according to a Help Centre report.

The platform replaces the company’s previous merchant rewards storefront for Apple products and applies a fixed 5% cash back rate to purchases charged to select cards.

The marketplace offers roughly 30 items spanning iPhones, iPads, MacBook Air laptops, Apple Watches, AirPods, HomePods, and Apple TV units, the Help Centre reported. Eligible users must hold a Wealthsimple Visa Infinite, Visa Infinite +, or Visa Infinite Privilege credit card in good standing, be legal residents of Canada, and have reached the age of majority in their province or territory.

Purchases can be funded using any combination of available Cashback and a charge to the designated Visa credit cards. Users apply their rewards at checkout using a sliding scale with no minimum requirement, covering anywhere from 0% to 100% of the total, including sales tax, according to the Help Centre.

Purchases charged to the credit card earn an Enhanced Cashback rate of 5%, which replaces the card’s standard earnings rate rather than adding to it. Active welcome, referral, or deposit cashback boosts apply on top of the 5% rate, though standard credit card partner cash back offers do not combine with the marketplace rate, the Help Centre reported.

All items are shipped and serviced by Apple Canada with free delivery to physical Canadian mailing addresses, excluding P.O. boxes. Orders typically dispatch within 10 business days and arrive two to three days later, though delivery times remain estimates, the Help Centre reported.

Every purchase made through the marketplace is final sale. Wealthsimple states that orders cannot be cancelled, returned, exchanged, or refunded once submitted, even prior to shipment. Sales tax is calculated automatically based on the shipping address provided at checkout, covering GST, HST, PST, or QST depending on the province or territory.

For damaged or defective deliveries, buyers must report issues directly to Apple within 14 days. If Apple cannot resolve the problem, customers obtain a Dead-on-Arrival case number and supply it to Wealthsimple support to coordinate a credit or replacement, according to the Help Centre.

No. Accessories, Apple services, trade-ins, and AppleCare are excluded from the marketplace. Customers can purchase AppleCare directly from Apple following their device transaction, according to the Help Centre.

Inventory levels dictate product availability. Out-of-stock items cannot be purchased until replenished, the Help Centre reported.

The portion charged to the credit card appears as a single line item labeled “WS Apple Marketplace,” and remains subject to standard purchase interest rates if unpaid by the due date, according to the Help Centre.

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