**Apply for the Visa Infinite Cash Back Credit Card by April 30, 2019 and earn 10% cash back rewards on all purchases up to $2,000 for the first 3 months plus pay no annual fee for the first year – that’s up to $299 more just for you.6
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 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’s really only one card that compares to the Meridian Visa Infinite Cash Back card and that’s the Scotiabank Momentum VISA Infinite Card. Both cards have the exact same earn rate for every category, but the Meridian Visa Infinite Cash Back card has better travel insurance. The Meridian card also includes mobile insurance and price protection which is not included with the Scotiabank card. Both credit cards have an annual fee of $99, but you get the first year free for both cards.
That being said, Scotiabank currently has a promotion where new cardholders will earn 10% cash back (up to $200) on ALL purchases for the first three months (ends Feb. 2019).
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.
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.