Meridian Visa Infinite Cash Back Card Review for 2022

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by Enoch Omololu, MSc (Econ)

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Advertiser Disclosure

The Meridian Visa Infinite Cash Back Card provides the best rewards in the lineup of Meridian cash back credit cards

If you spend a lot, you should be rewarded for it. For a small annual fee, you can use it anywhere Visa is accepted and get up to 4% cash back on almost all purchases. Meridian also provides you with Visa Infinite benefits and travel insurance. 

So, is this cash back credit card worth it for you? In this Meridian Visa Infinite Cash Back Card review, we answer that question and more. Learn about the benefits, how to apply, how to redeem your rewards, and some alternate credit cards. 

Meridian Visa Infinite Cash Back Card – At a Glance

  • $99 annual fee (first year free)
  • $30 yearly for additional cards
  • 19.50% interest rate on purchases 
  • 21.99% interest rate on cash advances
  • Earn 4% cash back on gas and grocery purchases 
  • Earn 2% cash back on bill payments and pharmacy purchases
  • Earn 1% cash back on everything else 
  • Visa Infinite benefits 

Meridian Visa Infinite Cash Back Card Benefits 

The Meridian Visa Infinite Cash Back Card has the following benefits. 

Earn Cash Back

The Meridian Visa Infinite Cash Back Card provides many opportunities to earn cash back on everyday purchases. With this card, you’ll earn:

  • 4% cash back on gas and grocery purchases
  • 2% cash back on bill payments and pharmacy purchases
  • 1% cash back on all other eligible purchases

You can earn 4% and 2% cash back in the applicable cash back categories until you reach $25,000 in purchases. After that, you earn 1% cash back. 

Visa Infinite Benefits

With the Meridian Visa Infinite Cash Back Card, you get access to Visa Infinite services like a personal concierge, luxury hotels, and dining. 

Visa Infinite Concierge – 24 hours, 7 days a week, you can access a concierge service to help plan activities, make reservations, and more. 

Visa Infinite Luxury Hotel Collection – when you stay at a hotel that’s part of the Luxury Hotel collection, you can enjoy exclusive benefits like automatic room upgrades, complimentary wifi, complimentary breakfast, and late checkout.

Visa Infinite Dining Series – twice a year, get access to a series of culinary events with prized chefs. 

Insurance Benefits

This card comes with a ton of insurance benefits, including:

Emergency Health Care Coverage – get up to $5 million in coverage per each insured person under 75 for eligible medical services and care. 

Common Carrier Accident Protection – get up to $1 million in coverage if you, your spouse, or your children are the victim of accidental death on a common carrier. 

Trip cancellation & Interruption Insurance – get up to $2,000 in coverage per person if your trip is cancelled or unlimited coverage if your trip is interrupted after departure. 

Baggage Insurance – get up to $1,000 in coverage per person against damaged or stolen baggage and $500 in coverage for delayed baggage. 

Car Rental Collision/Loss Insurance – get up to 48 days of coverage if your rental vehicle is damaged or stolen. 

Mobile Device Insurance – get up to $1,000 in coverage if your mobile device is stolen, lost, or accidentally damaged.  

Purchase Protection – on eligible items, get a maximum of $10,000 per item or $50,000 per account in the event of theft, damage, or loss. 

Downsides of the Meridian Visa Infinite Cash Back Card

As with all credit cards in the Visa Infinite program, you’ll need to have a minimum annual income of at least $60,000 or $100,000 household income. 

This is a cash back credit card, so you cannot earn and redeem points on travel, shopping, or other rewards. 

Also, once you reach a maximum of $25,000 in annual purchases in the 4% and 2% cash back categories, you can only earn 1% cash back. 

How To Apply for the Meridian Visa Infinite Cash Back Card 

Click here to apply. 

To be eligible, you must make a minimum of $60,000 per year or have a minimum $100,000 annual household income.

How To Redeem Meridian Rewards Cash Back 

Visit the Meridian Cash Back Rewards website to redeem your cash back rewards. 

You can redeem cash back for an account credit, merchandise, gift cards, and event tickets. 

Alternatives to the Meridian Visa Infinite Cash Back Card 

If you’re considering another cash back credit card, here are a few of the best cash back credit cards in Canada.

Meridian Visa Infinite Cash Back Card vs Tangerine World Mastercard

The Tangerine World Mastercard is a no-annual-fee cash-back credit card with unlimited cash back rewards and a 19.95% interest rate. 

The earning potential is 2% cash back in two categories of your choice, like grocery, gas, restaurants, and furniture. Then get 0.50% cash back on all other purchases. 

If you get your rewards deposited into a Tangerine Savings Account, you can get an extra 2% cash back category. 

Tangerine offers many benefits, including Mastercard Travel Rewards, access to over 1 million wifi hotspots, on-demand apps and subscription services, and a Mastercard Travel Pass by DragonPass. 

Read our full review of the Tangerine World Mastercard.

Tangerine World Mastercard

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases; VIP perks.

Welcome offer: Get an extra 15% cash back on up to $1,000 in spending in the first 2 months ($150 value).

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Annual fee: $0

Meridian Visa Infinite Cash Back Card vs National Bank World Elite Mastercard

The National Bank World Elite Mastercard has a $150 annual fee, which is waived in the first year. You need to have a minimum $80,000 annual income or $150,000 total household income to be eligible. 

The interest rate is 20.99% on purchases and 22.49% on balance transfers and cash advances. 

You can earn up to 2 points per dollar spent based on your net spending over a yearly period. These points can be used to pay your credit card balance or redeemed for travel rewards

This cash back credit card offers various insurance, like purchase protection, extended warranty, trip interruption and cancellation, and baggage delay insurance. 

Read our full review here.

National Bank World Elite Mastercard

Rewards: Earn up to 2% cash back on all purchases; comprehensive travel insurance; up to $250 travel credit/year; VIP perks.

Welcome offer: First year annual fee waived and bonus points when you meet eligibility requirements.

Interest rates: 20.99% for purchases; 22.49% for balance transfers and cash advances.

Annual fee: $150

Meridian Visa Infinite Cash Back Card vs SimplyCash Preferred Card from AMEX

With the SimplyCash Preferred Card from AMEX, you can earn 2% cash back on all purchases with no limits. 

It has a $99 annual fee, a 19.99% interest rate on purchases, and 21.99% on cash advances.

You get exclusive offers, travel coverage, and shopping coverage with this card. Travel coverage includes insurance against flight delays, baggage delays, travel accidents, and more. 

Read the SimplyCash Preferred Card from AMEX review.

SimplyCash Preferred Card from American Express

Rewards: Earn unlimited 2.00% cash back on all purchases.

Welcome offer: 10% cash back in your first 4 months (valued at $400).

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $99

Meridian Visa Infinite Cash Back Card vs Scotiabank Passport Visa Infinite Card 

The Scotiabank Passport Visa Infinite Card is an award-winning travel credit card with no foreign transaction fees

You earn 2x Scene+ points on eligible dining, grocery, entertainment, and transit purchases and 1x Scene+ points for all other purchases. 

It has a $139 annual fee with a $5,000 minimum credit limit. The interest rate is 19.99% on purchases, and 22.99% on funds advances.

To qualify, you must meet the minimum annual income requirement of $60,000 or a household income of $100,000.

Read our full review here.

Scotiabank Passport Visa Infinite Card

Rewards: Earn 2x Scene+ points/$1 on groceries, dining, entertainment, and daily transit; 1x points/$1 everything else; 6 free airport lounge passes/year; no FX fees.

Welcome offer: Get up to 35,000 points ($350 value).

Interest rates: 19.99% on purchases; 22.99% on cash advances.

Annual fee: $139

Is the Meridian Visa Infinite Cash Back Card For You?

If you meet the annual income requirement and spend a lot on gas, grocery, and pharmacy purchases, this card may be for you. You get up to 4% cash back on all purchases, which can rack up fast if you spend in the high-earning categories. 

However, after spending $25,000 on the 4% and 2% categories, the rewards will fall to only 1% cash back, which is something to think about. 

If you’re looking for a credit card with more travel rewards and ways to redeem points, this card may not be for you. Check out the Scotiabank Passport Visa Infinite Card or the American Express Cobalt Card

Related:

Best Credit Offers in September 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories; 0.5% elsewhere.

Get 15% bonus cash back in the first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Access to a portion of your paycheque three days early.

1.20% savings interest on every dollar balance.*

The Neo Card pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Earn up to 5% cash back at 7,000+ participating stores.

No annual account fees.

Guaranteed instant approval credit card.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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