Meridian Credit Travel Rewards Visa Infinite: Card Review

meridian card
photo credit: Meridian

The Meridian Credit Travel Rewards Visa Infinite is geared towards travel benefits for generally more affluent clients. The 3 points/dollar return on foreign purchases more than offsets the 2.5% foreign transaction fee, which is useful if you make a large number of foreign transactions.

Qualification Requirements: Annual income of $60,000 or a household income of $100,000
Annual Fee: $99 – First year free
Interest Rate: 19.50% purchases, 21.99% cash advances (remember, never keep a balance on any credit card – if you need to, you can’t afford it
Earn: 1.5 points per $1 spent

TRAVEL PERKS

  • Earn 1.5 points for every $1 of net purchases
  • 3 points for every $1 of net purchases in foreign currencies
  • Visa infinite Luxury Hotel Collection: worldwide properties, best available rate guarantee, automatic room upgrade, three P.M. check out, complimentary continental breakfast, free in-room Internet, $25 USD food or beverage voucher within the hotel, VIP Guest Status
  • Visa infinite Dining Series: available in cities across the country such as Vancouver, Calgary, Toronto, Ottawa or Montreal
  • Visa Infinite Wine Country Program: available in Ontario and British Columbia
  • Choose from worldwide flight options with over 100 airlines
  • Reward yourself with gift cards from top retailers or select from over 1,000 merchandise options
  • Visa infinite Concierge 24/7
  • Redeem your travel rewards the way you want. Options include: travel (air, cruises), merchandise, event tickets, gift cards
  • Insurance coverage includes: Emergency Health Care Coverage (up to age 75), Trip cancellation and Interruption Insurance, Baggage Insurance, Common Carrier Accident Protection, 24/7 Travel Assistance, Auto Rental Collision/Loss Insurance, Intergenerational Insurance Coverage (insurance extends to grandchildren travelling with grandparents), Mobile Device Insurance, Purchase Protection, Extended Warranty, Price Protection Service

PROS

  • First year free
  • 3 points/dollar return on foreign purchases more than offsets the 2.5% foreign transaction fee
  • Visa Infinite products are good overall
  • Boomer friendly (compared to most other cards): Emergency Health Care Coverage (Maximum number of days of coverageage 59 or under, 48 days; age 60 to 64, 23 days; age 65 to 75, 15 days; age 76 or over, no coverage)
  • Boomer friendly Intergenerational Insurance Coverage (compared to most other cards): Trip cancellation, lost baggage, emergency health care coverage and accident protection insurances extends to grandchildren travelling with grandparents
  • In the event of the death of the Primary Cardholder, Points earned in the Points account may be redeemed by the beneficiary (this is not always the case)
  • Most of the insurances are provided by Desjardins, a reliable company with a decent record of paying claims

UNDECIDED

  • Just an OK rate of return for travel (1 point = ~1 cent)
  • Cons are mostly associated with what the card does not offer, e.g., no sign up bonus or anniversary bonus, no Hotel/Motel Burglary Insurance, no lounge pass… but the haves may outweigh the have nots…

CONS

  • Baggage coverage (Maximum number of days of coverage: age 59 or under, 48 days; age 60 to 64, 23 days; age 65 or over, 15 days).
  • Some of the perks such as the Visa Infinite Dining Series and Wine Country Program: available in Ontario and British Columbia only.

BoomerTraveller’s reaction to this card:

via GIPHY

 Always read the fine print before make before you make a financial decision …

Guide to Benefits

Travel Details

Insurance Details

If you have experience with this card, please share your observations.

You will find more no-foreign-transaction-fee cards here.

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