Meridian Cashback Visa

Meridian Visa Cash Back Card

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Meridian Visa Infinite Travel

Meridian Visa Infinite Travel Rewards Card

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Meridian Visa Cash Back Card vs Meridian Visa Infinite Travel Rewards Card: 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 Visa Infinite Travel

Meridian Visa Infinite Travel Rewards Card

4.2


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

$345.8

Meridian Rewards


First Year Bonus Value

$70

Meridian Rewards


Annual Fee

$99

$0

First Year Waived


First Year Value

$391.8

$246.8 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

    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 3 reward points for every $1 spent (3% cash back) on purchases made outside Canada in foreign currencies
  • Earn 1.5 reward points for every $1 spent (1.5% cash back) 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 Travel Rewards Card stands out primarily for its flexible reward options and considerable insurance coverage. With the ability to earn 1.5 points per $1 spent on all purchases and double points on foreign currency transactions, it offers a competitive edge for frequent travelers. Its extensive insurance benefits, including rare price protection, further bolster its appeal, making it a strong contender for those who meet the income requirements and reside in Ontario.

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

  • Versatile Rewards: Earn 1.5 points per dollar on all purchases, with double points on foreign currency purchases, enhancing travel savings.
  • Impressive Insurance Coverage: Includes 11 types of insurance, featuring unique price protection which allows refunds on price drops of eligible items within 60 days.
  • First Year Fee Waiver: The $99 annual fee is waived for the first year, adding initial value for new cardholders.

Cons

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

Cons

  • Geographic Limitation: The card is exclusively available to residents of Ontario, limiting its accessibility.
  • High Income Threshold: Requires a personal income of $60,000 or household income of $100,000, which may be prohibitive for some potential users.

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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