Meridian Cashback Visa

Meridian Visa Cash Back Card

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Meridian Cashback Visa Infinite

Meridian Visa Infinite* Cash Back

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Meridian Visa Cash Back Card vs Meridian Visa Infinite* Cash Back: Which one is better?


Meridian Cashback Visa

Meridian Visa Cash Back Card

2.8


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Meridian Cashback Visa Infinite

Meridian Visa Infinite* Cash Back

4.1


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$150.33

Meridian Rewards


First Year Bonus Value

$70

Meridian Rewards


Annual Fee

$0


First Year Value

$270.33

$150.33 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$404.9

Meridian Rewards


First Year Bonus Value

$70

Meridian Rewards


Annual Fee

$99

$0

First Year Waived


First Year Value

$450.9

$305.9 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

  • heart lock

    Travel Accident

    $100k per insured person per trip
  • mobile device insurance

    Mobile Device Insurance

    Up to $1,000 per occurrence
  • extended warranty

    Extended Warranty

    Up to 1 year
  • price protection

    Price Protection

    $100 per item, $500 per year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • heart lock

    Travel Accident

    $1M per insured person per trip
  • mobile device insurance

    Mobile Device Insurance

    Up to $1,000 per occurrence
  • extended warranty

    Extended Warranty

    Up to 1 year
  • price protection

    Price Protection

    $100 per item, $500 per year
  • purchase protection

    Purchase Protection

    90 days

  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • hourglass timer

    Baggage Delay

    $500
  • car insurance

    Car Rental Damage & Theft

    Max car value of $65k, up to 48 days
  • travel accident medical

    Emergency Out of province Medical

    Up to $5M for 48 days
  • travel accident medical

    Emergency Medical Over 65

    15 days
  • cancel airplane

    Trip Cancellation

    $2,000
  • pause

    Trip Interruption

    $2,000

Extra Benefits*

N/A

Extra Benefits*

  • exclusive

    Visa Infinite Exclusive Benefits

Interest Rates*

Purchase:

19.50%

Cash Advance:

21.99%

Balance Transfer:

21.99%

Interest Rates*

Purchase:

19.50%

Cash Advance:

21.99%

Balance Transfer:

21.99%

Annual Fee*

$0

Annual Fee*

$99

$0

First Year Waived

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus*

The 7,000 bonus points offer is available for all new Personal Meridian credit card account holders who (i) apply for a Meridian credit card between March 1 and May 31, 2025 (ii) make their first purchase with new Meridian credit card on or before June 30, 2025. This offer may not be combined or used in conjunction with any other offer. It is not available to existing Meridian credit cardholders.‡

Welcome Bonus*

The 7,000 bonus points offer is available for all new Personal Meridian credit card account holders who (i) apply for a Meridian credit card between March 1 and May 31, 2025 (ii) make their first purchase with new Meridian credit card on or before June 30, 2025. This offer may not be combined or used in conjunction with any other offer. It is not available to existing Meridian credit cardholders.‡

Rewards Rate*

  • Earn 1 reward point for every $1 spent (1% cash back) on gas, groceries, pharmacy and utility bill payments
  • Earn 0.5 reward point for every $1 spent (0.5% cash back) on other eligible purchases

Rewards Rate*

  • Earn 4 reward points for every $1 spent (4% cash back) on gas and groceries˄ (up to $25,000 in spending annually)
  • Earn 2 reward points for every $1 spent (2% cash back) on pharmacy and utility bill payments˄ (up to $25,000 in spending annually)
  • Earn 1 reward point for every $1 spent on other eligible purchases

Loyalty Program*

Loyalty Program*

Point Redemption Options*

  • cash coins

    Statement Credits (Cash)

    1¢ / point
  • online shop

    Merchandise

    1¢ / point
  • travel - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    1¢ / point

Point Redemption Options*

  • cash coins

    Statement Credits (Cash)

    1¢ / point
  • online shop

    Merchandise

    1¢ / point
  • travel - plane

    Travel

    1¢ / point
  • gift card

    Gift Cards

    1¢ / point

Is this card worth it?

The Meridian Visa Cash Back Card is a solid choice for anyone looking for a simple, no-fee card with straightforward rewards. While its cash back rates are not the highest, especially on non-boosted categories, it still offers decent value with 1% back on gas, groceries, and utility bills. The inclusion of basic insurance coverage, especially price protection, adds a nice bonus. However, its appeal is mainly for low to moderate spenders, as the rewards rate for other purchases is quite low, and the card is only available to Ontario residents. Overall, it’s a practical option for those who don’t want to pay an annual fee and prefer basic perks without complexity.

Is this card worth it?

The Meridian Visa Infinite Cash Back Card offers solid cash back rewards, particularly with up to 4% on groceries and gas, and a competitive annual fee of $99 (waived in the first year). It stands out with comprehensive travel insurance, including price protection, which is a rarity in this category. However, the card does come with some drawbacks, such as high income requirements and limited availability to Ontario residents. Overall, this card provides excellent value for those who spend heavily on groceries, gas, and utilities, and for those who value strong insurance coverage and a low annual fee.

Pros

  • 1% cash back on select categories (gas, groceries, etc.).
  • No annual fee.
  • Includes 5 types of insurance (e.g., price protection, mobile device insurance).
  • Simple eligibility: No income requirements.
  • Flexible rewards: Redeem for statement credits, gift cards, merchandise, or travel.

Pros

  • Up to 4% cash back on groceries and gas
  • 11 types of insurance coverage, including price protection
  • Choice of cash back redemption (statement credits, gift cards, merchandise, travel)
  • Lower $99 annual fee (waived first year)
  • Good earn rates across several categories
  • High insurance coverage with extended terms, especially for travel

Cons

  • Lower earn rate: Only 0.5% on all other purchases.
  • Limited to Ontario residents.

Cons

  • High income requirements ($60,000 personal, $100,000 household)
  • Available only to residents of Ontario

Legal


*Terms and conditions apply. Offer only available to residents of Ontario. ‡The 7,000 bonus points offer is available for all new Personal Meridian credit card account holders who (i) apply for a Meridian credit card between March 1 and May 31, 2025 (ii) make their first purchase with new Meridian credit card on or before June 30, 2025. This offer may not be combined or used in conjunction with any other offer. It is not available to existing Meridian credit cardholders. A maximum of 7,000 bonus points per Member is allowed and we will awarded to the Member’s primary account. Please allow up to two billing cycles for bonus points to post to your account. Meridian reserves the right to cancel, modify or withdraw this offer at any time. Meridian Credit Union is not responsible for maintaining the content on this site. Please click on the ‘Apply Now’ link for the most up to date information. Check here for full details and current product information.

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