Pros & cons
Pros
- Up to 4% cash back on purchases.
- Includes 11 types of insurance.
- Multiple options to redeem cash back.
Cons
- High income requirements of $60,000 personal or $100,000 household.
Your rewards
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to an estimated $70.◊
For all welcome bonus details click here.
Welcome bonus offer ends May 31, 2025.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Meridian Visa Infinite Cash Back Card, here's how you earn rewards:
- 4% cash back on groceries and gas
- 2% cash back on pharmacies and utility bills
- 1% cash back on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For Meridian Visa Infinite Cash Back Card in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $486 | |
| Merchandise | $486 | |
| Gift Cards | $486 | |
| Redeem for any travel | $486 |
Calculating your annual rewards
$24,000 annual spending x 2.03% return on spending = $486 annual rewards
$486 annual rewards − $99.00 annual fee = $387 net annual rewards
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Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- $60,000
- Household Income
- $100,000
- Annual Fee
- $99.00
- First Year Free
- Yes
- Extra Card Fee
- $30
- Card type
- Credit
- Purchase
- 19.50%
- Cash Advance
- 21.99%
- Balance Transfer
- 21.99%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Price Protection
- Yes
- Mobile Device
- $1,000
- Travel Accident
- $1,000,000
- Emergency Medical Term
- 48 days
- Emergency Medical over 65
- 15 days
- Trip Cancellation
- $2,000
- Trip Interruption
- $2,000
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $1,000
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
Meridian Visa Infinite Cash Back Card's 4.8 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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GC: $150
Meridian Cash Back Visa Infinite Review
The easiest way to earn rewards is cash back. No thinking, and no hassle. Meridian makes it no different with their Meridian Visa Infinite Cash Back Card. Not only is it a good cash back credit card, but it's also a Visa Infinite card, meaning you'll get blanket insurance coverage that standard cash back cards just won't have.
Here's our review of the Meridian Visa Infinite Cash Back Card, its pros and cons, and how it compares to one of the more well-known cash back cards in Canada.
Pros of the Meridian Visa Infinite Cash Back Card
Let's start off with the good news. Here are 3 things that you can look forward to if you decide to go with this card.
1. Solid earn rates
With the Meridian Visa Infinite Cash Back Card, you'll be seeing earn rates as high as 4%. And at the very least, you'll get 1% back on what you buy. Here's the breakdown of how much cash back you'll be able to earn:
- 4% cash back on groceries and gas
- 2% cash back on pharmacies and utility bills
- 1% cash back on all other purchases
Seeing as groceries and gas are some of the more popular categories, you'll be able to earn a lot of cash back.
The cap on your bonus spending categories is $25,000 per year, so it's unlikely you'll hit the limit. But if you exceed the cap, you'll be downgraded to the base earn rate of 1%.
2. Choice of rewards
It may be branded as a cash back card, but you actually earn points with it – and you can use those points in a few ways.
- Statement credits
- Gift cards
- Merchandise
- Travel
3. Excellent travel insurance coverage
Insurance is always a good thing to have in your back pocket, especially if you like to travel. In the case of this card, you'll get 11 types of insurance.
Aside from the standard travel insurance, the star of the show here is price protection insurance. This means you'll be able to get a reimbursement of a price difference if something you bought went down in price within 60 days (with a maximum of $100 per item and $500 in total per year).
The coverage term is another chart-topping thing to note, with 48 days of coverage and 15 days of coverage for those over 65. Many cards only offer a week or two (or sometimes as low as 3 days).
4. Lower $99 annual fee
The annual fee for the Meridian Visa Infinite Cash Back Card is $99. And that's lower than what similar cards would charge, which is typically $120. It's a little extra savings for you.
Cons of the Meridian Visa Infinite Cash Back Card
There isn't much to nitpick about, but here are 2 things to consider.
1. High income requirements
We have a Visa Infinite card here, and that means it's paired with high income requirements of either $60,000 personal or $100,000 household. These requirements may keep some people from applying.
2. Only available in Ontario
Meridian credit cards are only available to residents of Ontario – if you live outside the province you won’t qualify for this card.
Comparison to the Meridian Visa Cash Back Card
Meridian offers other cards, including a no fee cash back card with the Meridian Visa Cash Back Card, here's how they compare.
| Meridian Visa Infinite Cash Back Card | Meridian Visa Cash Back Card | |
|---|---|---|
| Normal earn rate | * 4% cash back on groceries and gas * 2% cash back on pharmacies and utility bills * 1% cash back on all other purchases | * 1% cash back on gas, groceries, pharmacies and utility bills * 0.5% cash back on all other purchases |
| Welcome bonus | 70 bonus cash (terms) | 70 bonus cash (terms) |
| Number of insurance types | 11 | 5 |
| Annual fee | $99 | $0 |
| Income Requirements | * $60,000 personal * $100,000 household | * None |
The Meridian Visa Infinite Cash Back Card offers plenty of extra for $99. If you value travel insurance it's the better option.
But if not, you'll only have to spend roughly $650 per month to offset the annual fee. It's a doable number for most households. So unless you're spending is less than that or you are just averse to credit card fees, the Meridian Visa Infinite Cash Back Card is the better choice.
FAQ
What is the Meridian Visa Infinite Cash Back Card's annual fee?
The annual fee will cost you $99, but it's waived in the first year.
What kind of insurance coverage does the Meridian Visa Infinite Cash Back Card have?
This card has 11 types of travel and purchase insurance. The highlights include 48 days of coverage until age 60, as well as price protection coverage.
Does the Meridian Visa Infinite Cash Back Card have a welcome bonus?
The Meridian Visa Infinite Cash Back Card currently has no welcome bonus.
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Key benefits
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.
User reviews
Reviewed by 7 Canadians
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it sucks!!!!
This card has the very worst customer service ever.
This card has the very worst customer service ever.
This card has the very worst customer service ever.
This card has the very worst customer service ever.
This card has the very worst customer service ever.
This card has the very worst customer service ever.
I’ve encountered a few issues with this bank and their credit card that have been frustrating. First, unlike my other cards, I can’t add this card to Samsung or Google Wallet. The app won’t confirm the setup no matter what I try, and the customer service team over the phone hasn’t been able to help with a solution.
Secondly, the wait time for receiving the card was unusually long—much longer than any other card I’ve applied for. This delay makes me nervous about using it while traveling, as I’m concerned about potential difficulties in making a claim or getting assistance if something goes wrong abroad.
Lastly, the bank’s account transfer policies are inconvenient. With my other banks, I can easily transfer funds between my credit card and checking account. However, this bank doesn’t seem to allow that flexibility, which feels restrictive.
That said, the 4% cashback and low annual fees are great perks, so I’m hoping it will be worth it in the long run.
Every month, the statement would arrive 8 days late thus the bill is already due befor it has even arrived by mail. I talked to the Branch Manager and the following month, it arrived early. The following months, same old pattern (arriving late). This is the only credit card of numerous ones that is continuously late. I have since discontinued using it because of the inconvenience of having to call customer service every month. Very frustrating.
( Otherwise, it was a good card )
This card has the very worst customer service ever. The first problem is that it's American. When you call, you get someone from way down south. Nothing with the card set up or to get help works the same way in Canada. I was told to reset my password at the ATM but our machines don't have a "new password" button. I went in the bank only to be told that now they send a second letter, after you receive your new card, with a new pin. Now my original card doesn't work because I can't reset my password. Waited 2 weeks for a new card. Waited another 2 weeks for the second letter, which still has not arrived, so now I have no card to use for over a month. I pay $55.00 for a card that I can't use. I will definitely be looking for a new card. Absolutely not worth the hassle.
Absolutely a waste of time. Takes forever to get to you. Then, for a year they had issues with being unable to change the PIN. This organization is so incompetent, that they sent a secondary card with a PIN. The PIN they sent is invalid at the ATM. I'm sure a monkey could come out with a better credit card than this.
