Meridian Visa US Dollar Card Review
The Bottom Line
The Meridian Visa U.S. Dollar Card is designed for Canadians who frequently make purchases in U.S. dollars, offering a practical way to save on foreign transaction fees. With a simple rewards structure that grants 1 point per $1 spent on all purchases and a modest annual fee, this card is particularly appealing for those who have U.S. dollar expenses. Its additional perk of 8 types of insurance coverage makes it even more valuable for travelers. However, it's essential to have access to U.S. dollars to maximize the card's benefits, as all transactions and payments are in USD.
on Meridian's website
This card is only available to residents of Ontario.
Welcome Bonus
Earn 7,000 reward points‡ on first purchase (up to $70 value)
Annual Fee
$65 USD $0 USD
Interest Rates
19.50% / 21.99%
RECOMMENDED CREDIT SCORE
Rewards
- Earn 1 reward point for every $1 spent (1% cash back) on all eligible purchases
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Common Carrier Travel Accident Insurance
$100k per insured person per trip
Trip Cancellation
$2,000
Trip Interruption
$2,000
Baggage Delay
$500
Lost or Stolen Baggage
$1,000.svg)
Car Rental Damage & Theft
Max car value of $65k, up to 48 days
Eligibility
Credit Score
GoodAnnual Income
N/A
Welcome Bonus Details
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.‡
Card Details
Interest Rates
Purchase APR
19.50%
Cash Advance APR
21.99%
Balance Transfer APR
21.99%
Fees
Annual Fee
$65 USD
$0 first year
Additional Cards
$30
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- No currency conversion fees
- Straightforward rewards program
- Comprehensive insurance
Cons
- Annual fee in USD
- Requires USD bank account
- Restricted to Ontario residents