Meridian Visa Cash Back Card Review

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The Bottom Line

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.

Meridian Visa Cash Back Card
Meridian Cashback Visa
Meridian Visa Cash Back Card

2.8

Finly Rating
APPLY NOW

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)

Rewards Rate

0.5% - 1%

Points

Annual Fee

$0

Interest Rates

19.50% / 21.99%

RECOMMENDED CREDIT SCORE

300
Poor
560⁎
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring
Get your free credit score

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

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    Up to 1 year
  • mobile device insurance

    Mobile Device Insurance

    Up to $1,000 per occurrence
  • heart lock

    Common Carrier Travel Accident Insurance

    $100k per insured person per trip
  • price protection

    Price Protection

    $100 per item, $500 per year

Eligibility

  • Credit Score

    Fair

  • Annual 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

$0

Additional Cards

$0

Eligibility

Minimum Individual Income

N/A

Minimum Household Income

N/A

Credit Score Estimate

Fair

Type

Card Type

Credit

Reward Type

Points

Loyalty Program

Meridian Rewards

Pros & Cons

Pros

  • Decent cashback
  • No annual fee
  • Decent insurance
  • Simple eligibility
  • Flexible rewards

Cons

  • Low base earn rate
  • Limited to Ontario residents
Meridian Visa Cash Back Card

Meridian Visa Cash Back Card

2.8

FinlyWealth Rating

APPLY NOW

on Meridian's website

Get personalized rewards estimates — see exactly how much you could earn.

Meridian Visa Cash Back Card Points Calculator

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.