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2.8
/5
Meridian
Visa
Meridian Visa Cash Back CardPoints Calculator
Earn 7,000 reward points‡ on first purchase (up to $70 value)
This card is only available to residents of Ontario.
Our Take
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.
Card Details
Interest Rates
Purchase: 19.50%
Cash Advance: 21.99%
Balance Transfer: 21.99%
Annual Fees
Main Card: $0
Additional Cards: $0
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.‡
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
2.8/5
Institution
Meridian
How You Earn Rewards
- 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
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
5 insurance
0 benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Mobile Device Insurance
Up to $1,000 per occurrence
Common Carrier Travel Accident Insurance
$100k per insured person per trip
Price Protection
$100 per item, $500 per year
Benefits
No additional benefits listed for this card.
Pros & Cons
Pros
- Decent cashback
- No annual fee
- Decent insurance
- Simple eligibility
- Flexible rewards
Cons
- Low base earn rate
- Limited to Ontario residents
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.
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