Meridian Visa Platinum Cash Back Card
Annual Fee
$0.00*
Interest Rate
19.50%
Balance Transfer
19.50%
Cash Advance
21.99%
Credit Score
Good
Rewards
2.00%*
- Earn 2% cash back on gas, grocery and pharmacy store purchases and utility bill payments
- Earn 1% cash back on all other eligible purchases
- Pay no annual fee for the first year
- Free additional cards
- 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 $500,000 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.
- 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.
- 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 be a Canadian resident.
- You must be the of the age of majority in your province or territory of residence.
- You must not have declared bankruptcy within the past 12 months.
Summary
The Meridian Visa Platinum Cash Back Card is your key to earning the platinum-level privileges you deserve. You’ll be rewarded with benefits and exceptional service.
Earn 2% on gas, grocery and pharmacy purchases and utility bill payments. You’ll also earn 1% on all other eligible purchases. Enjoy your first year with no fee!
Our Review
Meridian Visa Platinum Cash Back Card
The Meridian Visa Platinum Cash Back Card allows its holders to earn cash back for their every day purchases for an annual fee of $49. However, the annual fee is entirely waved for the first year, so you can start earning cash back for no cost. With this card you will earn 2% cash back on gas, grocery and pharmacy store purchases and utility bill payments (with a $25,000 spend cap), and 1% cash back on all other eligible purchases. These rates aren’t the best out there, but this card offers extensive insurance coverage which definitely makes it worth considering.
As per our rating system, this card scored 20/25 on rewards, 17/25 on interest rates and balance transfers, 15/25 on perks and insurance, and 23/25 on annual fees. Therefore, the total smart score of this card is 75/100.
Pros
- Earn 2% cash back on gas, grocery and pharmacy store purchases and utility bill payments
- Earn 1% cash back on all other eligible purchases
- Pay no annual fee for the first year
- Free additional cards
- Redeem your cash back rewards the way you want. Options include: account Credit, merchandise, event tickets, and gift cards.
- Have access to extensive insurance, including travel coverage, mobile device coverage, purchase protection and extended warranty.
Cons
- Annual fee of $49 after the first year.
- There is a $25,000 spend cap on the 2% cash back rate, after which the rate drops to 1% on all purchases.
- Residents of Quebec are not eligible for this card.