Side by Side Credit Cards Comparison
Meridian Visa Cash Back CardVSMeridian Visa Infinite Travel Rewards Card
Which one is better?
Meridian Visa Cash Back Card
2.8
RECOMMENDED CREDIT SCORE*
Meridian Visa Infinite Travel Rewards Card
4.2
RECOMMENDED CREDIT SCORE*
Welcome Bonus
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.‡
Welcome Bonus
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.‡
Rewards Breakdown
Rewards breakdown is not available for this card.
Rewards Breakdown
Rewards breakdown is not available for this card.
How to Earn 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
How to Earn Rewards
- Earn 3 reward points for every $1 spent (3% cash back) on purchases made outside Canada in foreign currencies
- Earn 1.5 reward points for every $1 spent (1.5% cash back) on other eligible purchases
Insurance Included
Common Carrier Travel Accident Insurance
$100k per insured person per trip
Mobile Device Insurance
Up to $1,000 per occurrence
Extended Warranty
Up to 1 year
Price Protection
$100 per item, $500 per year
Purchase Protection
90 days
Insurance Included
Common Carrier Travel Accident Insurance
$1M per insured person per tripMobile Device Insurance
Up to $1,000 per occurrenceExtended Warranty
Up to 1 yearPrice Protection
$100 per item, $500 per yearPurchase Protection
90 days
Lost or Stolen Baggage
$1,000
Baggage Delay
$500.svg)
Car Rental Damage & Theft
Max car value of $65k, up to 48 days
Travel Medical Insurance (64 & under)
48 daysTravel Medical Insurance (65 to 75)
15 days
Trip Cancellation
$2,000
Trip Interruption
$2,000
Extra Benefits
N/A
Extra Benefits
Visa Infinite Exclusive Benefits
Interest Rates
Purchase:
19.50%
Cash Advance:
21.99%
Balance Transfer:
21.99%
Interest Rates
Purchase:
19.50%
Cash Advance:
21.99%
Balance Transfer:
21.99%
Annual Fee
$0
Annual Fee
$99
$0$
$0 first year
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
$60,000
Min Household Income:
$100,000
Loyalty Program
Loyalty Program
Point Redemption Options
Statement Credits (Cash)
1¢ / point
Merchandise
1¢ / point
Travel
1¢ / point
Gift Cards
1¢ / point
Point Redemption Options
Statement Credits (Cash)
1¢ / pointMerchandise
1¢ / pointTravel
1¢ / pointGift Cards
1¢ / point
Is this card worth it?
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.
Is this card worth it?
The Meridian Visa Infinite Travel Rewards Card stands out primarily for its flexible reward options and considerable insurance coverage. With the ability to earn 1.5 points per $1 spent on all purchases and double points on foreign currency transactions, it offers a competitive edge for frequent travelers. Its extensive insurance benefits, including rare price protection, further bolster its appeal, making it a strong contender for those who meet the income requirements and reside in Ontario.
Pros
- Decent cashback
- No annual fee
- Decent insurance
- Simple eligibility
- Flexible rewards
Pros
- Versatile Rewards
- Impressive insurance coverage
- First-year fee waiver
Cons
- Low base earn rate
- Limited to Ontario residents
Cons
- Restricted to Ontario residents
- High income requirements
Legal
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.
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.