Quick overview of the Meridian Visa Infinite* Travel Rewards Card

The Meridian Visa Infinite* Travel Rewards card is a premium travel credit card offered by Meridian Credit Union, Ontario’s largest credit union. It features a lower annual fee than similar competitor cards, bonus rewards on purchases made in foreign currencies and up to eight different types of insurance coverage. 

Who’s the Meridian Visa Infinite* Travel Rewards Card for?

The Meridian Visa Infinite* will appeal to existing Meridian clients looking for a travel credit card, and anyone who frequently travels outside of Canada and shops in foreign currencies. The standard earn rate of 1.5% is competitive with many competing cards; unfortunately, you must be an Ontario resident to be eligible to apply.

Pros

Pros

  • Bonus rewards on foreign currency purchases outside of Canada

  • Lower annual fee than similar competitor cards

  • Great insurance benefits

  • Attractive standard earn rate

  • Includes Visa Infinite benefits

Cons

Cons

  • You must be an Ontario resident to apply

  • There is a minimum annual income requirement

  • Must spend in foreign currencies to earn bonus rewards

Meridian Visa Infinite* Travel Rewards Card welcome offer

Currently, there are no welcome offers for this card.

How to earn rewards with the Meridian Visa Infinite* Travel Rewards Card

Reward-earning with the Meridian Visa Infinite* Travel card is straightforward. Beyond the welcome offer, cardholders earn 6 points for every $2 spent on foreign currency purchases and 3 points for every $1 spent on all other card purchases. It would be great if you could earn bonus rewards on popular spending categories such as gas or groceries, but the 1.5% standard earn rate is already higher than many other premium reward cards.  

How to redeem rewards with the Meridian Visa Infinite* Travel Rewards Card

You can redeem your reward points for travel, gift cards, merchandise and account credits. Points have a value of one cent per point, regardless of how you redeem them. For example, if you have 10,000 points, it’s worth $100 towards travel, gift cards, etc. While this information is unclear on the Meridian website, I spoke with a company representative who was able to confirm the reward amount. 

Meridian Visa Infinite* Travel Rewards card key benefits

  • Earn 3% purchases made in foreign currencies outside of Canada 
  • Earn 1.5% on all other purchases 
  • Multiple ways to redeem rewards 
  • Includes eight different types of travel insurance
  • Low annual fee compared to similar travel cards

Meridian Visa Infinite* Travel Rewards card insurance coverage

One of the key benefits of any premium travel credit card is travel insurance coverage. The Meridian Visa Infinite* Travel Rewards credit card is no exception, offering eight different types of insurance:  

  • Travel emergency medical insurance: Up to $5,000,000 per insured person per trip
  • Trip cancellation and trip interruption/delay insurance: Up to $2,000 for trip cancellation; up to $2,000 for trip interruption/delay due to missed connections; unlimited coverage for reasons of illness or accident
  • Delayed baggage and lost/damaged baggage insurance: Up to $500 for delayed baggage; Up to $1,000 for loss, theft or damage
  • Common carrier travel accident insurance: Up to $1,000,000 per person
  • Auto rental collision/loss damage insurance: Covers rental periods for up to 48 consecutive days
  • Mobile device insurance: Coverage of up to $1,000
  • Purchase protection insurance: Coverage for 90 days from purchase date: $10,000 per item purchased, $50,000 lifetime
  • Extended warranty insurance: Doubles the manufacturer’s original warranty up to one additional year; maximum $10,000 per item, $50,000 lifetime

What people have to say about this card

Online reviews are few and far between for the Meridian Visa Infinite* Travel card, which is unsurprising given that it isn’t affiliated with a major Canadian financial institution. Based on what I could find in the PersonalFinanceCanada subReddit, users like that the card offsets foreign transaction fees. Others point out its excellent travel insurance coverage but don’t like that the annual fee cannot be waived. 

How the Meridian Visa Infinite* Travel Rewards card compares

The Meridian Visa Infinite* Travel Rewards is a solid travel credit card, especially considering its low $99 annual fee. But does it measure up to the top travel credit cards in Canada? Here are some premium travel cards that may have more to offer. 

Meridian Visa Infinite* Travel Rewards vs TD® Aeroplan® Visa Infinite* Card

up to $1,300

Welcome Bonus

$436

First Year Value

$0

Annual Value

Welcome Bonus: Earn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply.

Learn More Apply Now On TD's Secure Site

The Meridian Visa Infinite* Travel Rewards has a lower annual fee and a slightly lower purchase interest rate. It also offers a higher standard earnings rate. However, the TD Aeroplan Visa Infinite provides significantly more value if you want to maximize your travel rewards. 

For starters, you’ll earn points with Aeroplan, one of the world’s most lucrative airline rewards programs. You can also stack up reward points when you spend at over 150 Aeroplan partner brands. Learn more about Aeroplan in our Aeroplan points guide.

Meridian Visa Infinite* Travel Rewards vs Scotiabank Passport Visa Infinite card

up to $1,300* value

Welcome Bonus

$926

First Year Value

$0

Annual Value

Welcome Bonus: Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points* Expires Jul 01, 2025

Learn More Apply Now On Scotiabank's Secure Site

The Meridian Visa Infinite* Travel Rewards card may offer bonus earnings on foreign currency purchases, but you will still pay a 2.5% foreign transaction fee. In other words, the bonus rewards offset the cost of spending outside Canada. On the other hand, the Scotiabank Passport Visa Infinite card waives the foreign transaction fee for almost the same net benefit.

The Scotiabank card also provides more bonus spending categories, including bonus Scene+ points at Sobeys, Safeway, IGA, Foodland and participating Co-op grocery stores. The wide range of bonus categories makes it easier to rack up points. Scene+ points can be redeemed for groceries, entertainment, travel purchases, car rentals and more. However, the one major drawback of the Scotiabank Passport card is its high annual fee.

Meridian Visa Infinite* Travel Rewards vs BMO Ascend™ World Elite®* Mastercard®*

up to 90,000 points

Welcome Bonus

$671.6

First Year Value

$0

Annual Value

Welcome Bonus: Get up to 90,000 points and the annual fee waived on your first anniversary for both the primary cardholder and authorized users.* Expires Jun 01, 2025

Learn More Apply Now On BMO's Secure Site

The BMO Ascend™ World Elite®* Mastercard®* charges a higher annual fee than the Meridian Visa Infinite* Travel Rewards. It also requires a higher minimum annual income. But if you can qualify, the BMO Ascend™ offers more potential value. Especially because it has a generous welcome offer, as well as a higher earn rate in multiple categories.

Meridian Visa Infinite* Travel Rewards Card eligibility

To be eligible for this card, you must have a minimum annual income of $60,000 for individuals or $100,000 per household. Additionally, your primary residential address must be in Ontario.

Is the Meridian Visa Infinite* Travel Rewards Card worth it?

If you’re a Meridian Credit Union customer traveling frequently outside of Canada, the Meridian Visa Infinite* Travel Rewards can help you save money on foreign transaction fees. You can also benefit from the wide range of travel insurance coverages offered without paying a high annual fee. On the other hand, if the main goal is to maximize your rewards earnings, other travel credit cards, including the ones mentioned above, offer better welcome bonuses, additional bonus spending categories and more lucrative travel redemption options. 

Colin Graves Freelance Writer

Colin Graves is a Winnipeg-based financial writer and editor whose work has been featured in publications such as Time, MoneySense, MapleMoney, Retire Happy, The College Investor, and more. Before becoming a full-time writer, Colin was a bank manager for over 15 years.

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