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Meridian Visa Infinite Cash Back Review: An Ideal Everyday Option
The Meridian Visa Infinite Cash Back Card caters to Ontarians looking to optimize everyday expenses like gas, groceries, pharmacy purchases, and bill payments. The card also includes comprehensive coverage for a low annual fee.
Feb 20, 2026 2:29 PM
Written By
Lead Writer
Edited By
Credit Card Expert
The Bottom Line
Exclusive to Ontario residents, the Meridian Visa Infinite Cash Back Card offers impressive cash back rates on common everyday expenses, plus comprehensive insurance coverage. It’s an affordable close competitor to other leading cash back cards in Canada, if you qualify.
Skip to: Detailed Review
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)
Annual Fee
$99 $0
Interest Rates
19.50% / 21.99%
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Rewards
- Earn 4 reward points for every $1 spent (4% cash back) on gas and groceries˄ (up to $25,000 in spending annually)
- Earn 2 reward points for every $1 spent (2% cash back) on pharmacy and utility bill payments˄ (up to $25,000 in spending annually)
- Earn 1 reward point for every $1 spent 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
Common Carrier Travel Accident Insurance
$1M per insured person per trip
Travel Medical Insurance (64 & under)
Up to $5M for 48 daysTravel Medical Insurance (65 to 75)
15 days
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
Price Protection
$100 per item, $500 per year
Benefits
Details
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
*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.
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
$99
Additional Cards
$30
Eligibility
Minimum Individual Income
$60,000
Minimum Household Income
$100,000
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- High grocery optimization
- High gas optimization
- Comprehensive insurance
- Flexible redemptions
- Lower annual fee
Cons
- High income requirements
- Restricted to Ontario residents
Our Detailed Review
How to Earn Rewards with the Meridian Visa Infinite Cash Back Card
There are a few ways cardholders can collect cash back in Meridian Rewards points using the Meridian Visa Infinite Cash Back Card.
Expect:
- 4 rewards points (4% cash back) per dollar spent on gas and groceries (up to $25,000 in spending annually)
- 2 rewards points (2% cash back) per dollar spent on pharmacy and utility bill payments (up to $25,000 in spending annually)
- 1 reward point (1% cash back) per dollar spent on all other eligible purchases
Ultimately, this card is great for optimizing common everyday expenses.
How You Redeem Rewards with the Meridian Visa Infinite Cash Back Card
Meridian Rewards points can be redeemed towards the following purchases:
- Statement Credits (Cash)
- Merchandise
- Travel
- Gift Cards
All redemption categories yield the same 1 cent per point value. To learn more about each category, check out our Credit Card Points Value Calculator.
Benefits and Perks
4 Benefits of the Meridian Visa Infinite Cash Back Card
There are a few benefits that make the Meridian Visa Infinite Cash Back Card one of the best Meridian credit cards in Canada.
The Meridian Visa Infinite Cash Back Card first tempts applicants with its low annual fee, one that’s waived for the first year of membership! Talk about budget-friendly (especially in the beginning!).
This warm welcome is extended even further with a promotional offer of extra Meridian Rewards points to those who apply and make their first purchase within a specified time frame. Available for a limited time.
On a day-to-day basis, this cash back contender earns cardholders solid Meridian Rewards points on common spend categories like gas, groceries, pharmacy, and utility bill payments.
To top it all off, the Meridian Visa Infinite Cash Back Card features plenty of valuable protections, including trip interruption, trip cancellation, travel medical, and price protection insurance.
Drawbacks and Considerations
2 Downsides to the Meridian Visa Infinite Cash Back Card
Of course, there are also a couple of downsides to consider before sending in an application.
Unfortunately, this competitor is provincially exclusive, available solely to residents of Ontario.
To qualify for this card, you’ll need to meet some annual income requirements, making it slightly less accessible than other low-fee contenders on the Canadian market.
Compare to Similar Cards
Comparison to Other Everyday Earners
To help you gauge whether the Meridian Visa Infinite Cash Back Card is the right low-fee contender for you, we’ve compared it against other everyday earners, including popular competitors as well as cards of a similar tier.
Here a sneak peek of the comparisons we’ll be making:
| Meridian Visa Infinite* Cash Back | Neo World Elite® Mastercard® | Scotia Momentum® Visa Infinite* Card | Tangerine® Money-Back World Mastercard®* | TD Cash Back Visa Infinite* Card | CIBC Dividend® Visa Infinite* Card | |
|---|---|---|---|---|---|---|
Welcome Bonus | Earn 7,000 reward points‡ on first purchase (up to $70 value) | N/A | 10% Cash Back (up to $200 value) | $120 bonus after spending $1.5k in 3 months + 1.95% balance transfer promo rate for 6 months | Earn up to $600 in total value† | Earn up to $450 in value† |
Earn Rates |
|
|
|
|
|
|
Insurance Included | 12 types
| 12 types
| 11 types
| 4 types
| 8 types
| 6 types
|
Benefits | 1 benefit
| 1 benefit
| 2 benefits
| 3 benefits
| 5 benefits
| 2 benefits
|
Annual Fee | $99 (First Year Rebated) | $125 | $120 (First Year Rebated) | $0 | $139 (First Year Rebated) | $120 (First Year Rebated) |
Income Requirements | $60,000 personal or $100,000 household | $80,000 personal or $150,000 household | $60,000 personal or $100,000 household | $50,000 personal or $80,000 household | $60,000 personal or $100,000 household | $60,000 personal or $100,000 household |
Apply Now | APPLY NOW | APPLY NOW | APPLY NOW | APPLY NOW | APPLY NOW | Learn More |
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Meridian Visa Infinite Cash Back Card vs Neo World Elite Mastercard
Let’s begin with one of the best cash back credit cards in Canada, the Neo World Elite Mastercard. This competitor optimizes similar categories such as groceries, recurring purchases (like bill payments), and gas purchases at higher cash back rates. These rates can be boosted even further when you purchase from Neo partners. In fact, you can even optimize select pharmacy purchases when you shop at partner pharmacy chains. Alongside decent coverage, including rental car insurance, cardholders receive a Dragon Pass airport lounge membership. To account for such value, however, the Neo World Elite Mastercard has a higher annual fee and income requirements.
Verdict: The Neo World Elite Mastercard was made for higher earners looking to optimize their everyday expenses even further, especially when they shop at partner retailers. Unlike the Meridian Visa Infinite Cash Back Card, you don’t have to be an Ontario resident to qualify. That said, Ontarians will appreciate the affordability that the Meridian Visa Infinite Cash Back Card offers.
Meridian Visa Infinite Cash Back Card vs Scotia Momentum Visa Infinite Card
The Scotia Momentum Visa Infinite Card, one of the best grocery credit cards in Canada, also comes from the Visa Infinite card tier. This contender collects similar cash back on groceries, more cash back on recurring payments, and slightly less cash back on gas. When it comes to perks, the Meridian Visa Infinite Cash Back Card has better insurance coverage overall, but the Scotia Momentum Visa Infinite Card includes car rental discounts on top of Visa Infinite Exclusive Benefits. Note that while the annual fee is slightly higher, it’s also waived for the first year of membership.
Verdict: The Scotia Momentum Visa Infinite Card, although slightly more pricey, comes with better benefits and is available to all applicants, not just those who reside within Ontario.
Meridian Visa Infinite Cash Back Card vs Tangerine Money-Back World Mastercard
With the Tangerine Money-Back World Mastercard, you get to pick two earn categories out of the 13 offered by Tangerine, plus a third when you deposit your earnings into a Tangerine Savings Account. Groceries, gas, recurring bill payment, and drug store (pharmacy) purchases are all included in the categories you can choose from. Ideally then, you could pick three of these categories and receive decent cash back on them for no annual fee. However, you’d still earn more with the Meridian Visa Infinite Cash Back Card, plus you’d receive better coverage. That said, the Tangerine Money-Back World Mastercard comes with a Dragon Pass airport lounge membership, Mastercard On-Demand and Subscription services, and a FlexiRoam data roaming plan discount.
Verdict: The Tangerine Money-Back World Mastercard is a no-fee alternative that has the potential to optimize similar spending categories, plus it comes with more perks.
Meridian Visa Infinite Cash Back Card vs TD Cash Back Visa Infinite Card
The TD Cash Back Visa Infinite Card provides almost the same amount of cash back on groceries and gas, plus slightly better cash back on recurring bill payments. This contender also optimizes electric vehicle charging, transit, streaming, and digital gaming and media purchases. While the TD Cash Back Visa Infinite Card has weaker insurance coverage, it includes car rental discounts, concierge services, and rare roadside assistance on top of Visa Infinite Exclusive Benefits. Even though it’s also rebated for the first year of membership, the annual fee is higher than the Meridian Visa Infinite Cash Back Card.
Verdict: The TD Cash Back Visa Infinite Card offers more optimization opportunities and perks, but fewer insurance categories. It’s also more costly.
Meridian Visa Infinite Cash Back Card vs CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite Card, one of the best gas credit cards in Canada, similarly optimizes gas and groceries, plus recurring payments. The card also earns cash back on transportation and dining instead of pharmacy purchases. When it comes to coverage, the Meridian Visa Infinite Cash Back Card has better protections, but the CIBC Dividend Visa Infinite Card comes with car rental and gas discounts. Note that although it’s waived for the first year, the CIBC Dividend Visa Infinite Card has a higher annual fee.
Verdict: The CIBC Dividend Visa Infinite Card is a good alternative for those who want to optimize dining or transit over pharmacy purchases, plus those who don’t reside in Ontario.
Frequently Asked Questions
No. Only Ontario residents can apply for the Meridian Visa Infinite Cash Back Card.
The Meridian Visa Infinite Cash Back Card stands out because it offers impressive everyday optimization and admirable insurance coverage for a low annual fee.
The Meridian Visa Infinite Cash Back Card competes closely with some of the best cash back credit cards in Canada, but it offers fewer perks than some competitors, and is only available to residents of Ontario, excluding tons of Canadian applicants.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
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