Meridian Visa Platinum Travel Rewards Card
Annual Fee
$0.00*
Interest Rate
19.50%
Balance Transfer
19.50%
Cash Advance
21.99%
Credit Score
Good
Rewards
1.00%*
- Earn 1 travel reward point for every $1 of net purchases
- Earn 2 travel reward points for every $1 of net purchases in foreign currencies
- Pay no annual fee for the first year($49 thereafter)
- Free additional cards
- Redeem your travel rewards the way you want. Options include: travel, merchandise, event tickets, and gift 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 Travel Rewards Card is your key to earning the platinum level privileges you deserve. You’ll be rewarded with unique benefits and exceptional service.
Earn 1 travel reward point for every $1 of net purchases and 2 points for every $1 of net purchases in foreign currencies.
Our Review
Meridian Visa Platinum Travel Rewards Card
The Meridian Visa Platinum Travel Rewards Card is a travel card with the rare advantage of allowing cardholders to earn double the points for purchases made in foreign currencies. This card is aimed towards those who frequently travel outside of Canada and make purchases in foreign countries. Purchases made in CAD will earn 1 point per dollar, while purchases made in other currencies will earn 2 points per dollar, to be redeemed for a variety of rewards that are mainly geared towards travel. This card also offers an array of insurance, including travel coverage and more, and comes at a relatively low annual fee of $49 which is also waived for the first year of card membership. So, for those who travel outside of Canada and make purchases in foreign currencies frequently, this card has you covered with insurance and dedicated rewards. However, if you’re not a big foreign traveller, this card’s rewards are fairly modest.
As per our rating system, this card scored 18/25 on rewards, 17/25 on interest rates and balance transfers, 10/25 on perks and insurance, and 23/25 on annual fees. Therefore, the total smart score of this card is 68/100.
Pros
- Earn 1 travel reward point for every $1 of net purchases
- Earn 2 travel reward points for every $1 of net purchases in foreign currencies
- Pay no annual fee for the first year
- Free additional cards
- Redeem your travel rewards the way you want. Options include: travel, merchandise, event tickets, and gift cards
- Includes travel insurance coverage, mobile device coverage, rental car insurance, purchase protection, extended warranty and more.
Cons
- After the first year the annual fee goes up to $49
- The best earnings are made abroad, while purchases made within Canada have a low return rate.