Meridian Visa Infinite Cash Back Card
Annual Fee
$0.00*
Interest Rate
19.50%
Balance Transfer
19.50%
Cash Advance
21.99%
Credit Score
Excellent
Rewards
4.00%*
- Enjoy your first year of membership with no fee, and $99 annually thereafter.
- Welcome Bonus: Earn 10% for the first 3 months on one of Canada’s best cash back credit cards.
- Earn 4% cash back on gas and grocery store purchases
- Earn 2% pharmacy purchases and utility bill payments
- Earn 1% cash back on all other eligible purchases
- Visa Infinite Benefits
- Redeem your cash back rewards the way you want. Options include: account Credit, merchandise, event Tickets and gift Cards.
- Emergency Health Care Coverage: coverage up to $5,000,000 per insured person for eligible medical care and services required, including transportation, repatriation, living expenses and dental care. Duration of coverage for each trip is dependent on the insured’s age group up to age 75 and for up to 48 days.
- Trip cancellation & Interruption Insurance: up to $2,000 coverage per person if the trip is cancelled prior to departure and unlimited coverage in the event of trip interruption after departure.
- Baggage Insurance: coverage up to $1,000 per person against theft or damaged baggage and up to $500 against delayed baggage.
- Common Carrier Accident Protection: up To $1,000,000 Accident Protection if you, your spouse or children are the victim of accident death, dismemberment while using public transportation (air, sea or ground).
- 24/7 Travel Assistance: anywhere in the world at any time 24/7 Travel Assistance is there to help. 1-844-234-6255 (Canada and US) or 1-514-875-4126 (International Collect).
- Auto Rental Collision/Loss Insurance: insurance covers you if your rental car is damaged or stolen for a period of up to 48 consecutive days when you charge the full cost of your car rental to your card.
- Intergenerational Insurance Coverage: trip cancellation, lost baggage, emergency health care coverage and accident protection insurances extends to grandchildren travelling with grandparents.
- Mobile Device Insurance: up to $1,000 in the event your cell phone, smartphone or tablet is lost, stolen, accidentally damaged or experiences hardware failure.
- Purchase Protection: provides coverage for 90 days from the purchase date in the event of loss, theft or damage when you to purchase eligible items. Maximum of $10,000 per item up to a maximum of $50,000 lifetime per account.
- Extended Warranty: coverage automatically doubles the original manufacturer’s warranty for up to a maximum of one additional year. Maximum of $10,000 per item up to a maximum of $50,000 lifetime per account.
- Price Protection Service: new eligible purchases are may be reimbursed within 60 days if a lower written advertised price is found for the difference up to $100 per item and $500 per account per year
You must have a minimum $60,000 Annual personal income or $100,000 Annual household income.
Summary
The Meridian Visa Infinite Cash Back Card offers cash back on all eligible purchases, which you can redeem the way you want, including account credit, merchandise, event tickets and gift cards. The card also offers extensive Insurance for healthcare, travel, shopping and more. Enjoy your first year of membership with no fee!
Our Review
Meridian Visa Infinite Cash Back Card
The Meridian Visa Infinite Cash Back Card offers cash back on all eligible purchases, which you can redeem the way you want! The card comes with a high earning rate of 4% on gas and grocery store purchases, and 2% on pharmacy purchases and utility bill payments. Plus, everything else charged to the card will earn you 1% cash back. The card also offers extensive Insurance for healthcare, travel, shopping and more. The first year of card membership has no annual fee, but you will pay $99 annually thereafter. The high cash back rates of 4% and 2% are capped at $25,000 in spendings, after which they drop back down to 1%, but that’s a relatively high cap for an average household. The earning potential of this card, when combined with the Visa Infinite Benefits and an extensive array of insurance coverage, make the Meridian Visa Infinite Cash Back Card an interesting option if you want to charge an array of purchases to your card.
As per our rating system, this card scored 21/25 on rewards, 16/25 on interest rates and balance transfers, 17/25 on perks and insurance, and 22/25 on annual fees. Therefore, the total smart score of this card is 76/100.
Pros
- Enjoy your first year of membership with no fee.
- Earn 4% cash back on gas and grocery store purchases
- Earn 2% cash back on pharmacy purchases and utility bill payments
- Earn 1% cash back on all other eligible purchases
- Visa Infinite Benefits, including dining events, luxury hotel access, and concierge services.
- Redeem your cash back rewards the way you want. Options include: account Credit, merchandise, event Tickets and gift Cards.
- Extensive insurance coverage.
Cons
- An annual fee of $99 after the first year’s welcome offer.
- Earnings cap of $25,000 on the 4% and 2% cash back rates. If the cap is exceeded, those rates drop to 1%.
- There is no discount on balance transfers.
- You must have a minimum $60,000 Annual personal income or $100,000 Annual household income to be eligible for this card.
- Residents of Quebec are not eligible for this card.