When you think of the best cash back credit cards in Canada, rarely does anyone bring up Meridian. This shouldn’t be a surprise since Meridian is a credit union in Ontario so they don’t get the national exposure that the big banks have, but Meridian has arguably the best cash back credit card in Canada. Read my Meridian Visa Infinite Cash Back review now for the full details of the card.

Meridian Visa Infinite Cash Back Review

Meridian Visa Infinite Cash Back card benefits

  • $99 annual fee – first year free
  • Earn 4% cash back on gas and grocery purchases
  • Earn 2% cash back on pharmacy and utility bill payments
  • Earn 1% cash back on all other purchases
  • Mobile device insurance up to $1,000
  • Comprehensive travel insurance included
  • Purchase protection and extended warranty
  • Price protection

With a 4% cash back on gas and grocery purchases, 2% back on pharmacy and utility bill payments and 1% back on all other purchases, it’s not had to see why my Meridian Visa Infinite Cash Back review is positive. You really won’t find any other cash back card that offers that much back.

One complaint people have about the Meridian Visa Infinite Cash Back card is the lack of a sign up bonus, but there aren’t many cash back cards that give you a welcome bonus so this doesn’t bother me whatsoever.

What really makes this card appealing is all the insurance that’s included. Not many credit cards offer mobile device insurance, but with this card, you get up to $1,000. Yes there is depreciation and the deductible to consider, but this is still an incredible benefit.

The comprehensive travel insurance package included really is impressive. You get $5,000,000 in emergency medical coverage up to 48 days if you’re under the age of 65. Many travel credit cards only offer 21 or 25 days of coverage with a maximum payout of $1,000,000 so you’re almost getting double that with the Meridian Visa Infinite Cash Back card.

Another often overlooked piece of insurance is the included price protection. If you’ve made a purchase and then you find a lower advertised price within 60 days, you’ll be reimbursed up to $100 per purchase with an annual limit of $500.

With all of these benefits, it’s no surprise that the Meridian Visa Infinite Cash Back card is one of the best Meridian credit cards.

How the Meridian Visa Infinite Cash Back card compares to others

There are a few cards that compare to the Meridian Visa Infinite Cash Back card but the Scotiabank Momentum VISA Infinite Card is arguably the closes. The main difference between the two cards is the earn rate. The Scotiabank card earns you 4% cash back on groceries and recurring bill payments; 2% on gas and transit purchases and 1% cash back on all other purchases. In other words, if you do most of your spending at grocery stores and gas stations, you’re better off with the Meridian card. I should also mention that the Scotiabank Momentum VISA Infinite Card has an annual fee of $120 but Meridian only charges $99.

There’s also the American Express Cobalt card that earns you 5 Membership Rewards Select points per $1 spent on anything related to food including groceries, and food delivery, but those are points and not cash back which is why I don’t like to compare the two. That being said, the Amex Cobalt card does technically earn you the most rewards for food-related purchases so it’s something to keep in mind when deciding between credit cards.

Final thoughts

My Meridian Visa Infinite Cash Back review is positive since it’s clearly the best cash back card on the market. The insurance benefits are quite comprehensive so if that’s important to you, you should apply for this card. If you’re looking for travel rewards, then take a look at my list of the best travel credit cards in Canada.

Apply Now for the Meridian Visa Infinite Cash Back card