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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.
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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
1%
Points
Annual Fee
$65 USD $0 USD
Interest Rates
19.50% / 21.99%
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
Travel Accident
$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
*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
$65 USD
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: Ideal for purchases in U.S. dollars, saving users on conversion costs which can add up significantly.
- Straightforward Rewards Program: Earns 1 point per dollar on all purchases without complicated categories, ensuring consistent reward accumulation.
- Comprehensive Insurance: Includes 8 types of insurance, enhancing its value for frequent travelers to the U.S.
Cons
- Annual Fee in USD: The annual fee of US$65 may offset some of the rewards and savings if not used frequently enough in U.S. dollar transactions.
- Requires U.S. Dollar Bank Account: To fully benefit from the card, users need a U.S. dollar bank account, adding a layer of complexity and potentially limiting its appeal.
- Geographic Restriction: Available only to Ontario residents, limiting accessibility for other Canadians.
APPLY NOW
on Meridian's website