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Meridian Visa Cash Back Card Review
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.
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%
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
90 days
Extended Warranty
Up to 1 year
Mobile Device Insurance
Up to $1,000 per occurrence
Travel Accident
$100k per insured person per trip
Price Protection
$100 per item, $500 per year
Eligibility
Credit Score
FairAnnual Income
N/A
*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.
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
Pros & Cons
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.
Cons
- Lower earn rate: Only 0.5% on all other purchases.
- Limited to Ontario residents.
Get personalized rewards estimates — see exactly how much you could earn.
Meridian Visa Cash Back Card Points Calculator
APPLY NOW
on Meridian's website