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Meridian Visa Platinum* Travel Rewards Card

Meridian Visa Platinum* Travel Rewards Card

Earn 1 travel reward point for every $1 of net purchases and 2 points for every $1 of net purchases in foreign currencies1

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 *$49.00 after 12 months 19.50% 19.50% 21.99% Good 1.00% *No maximum
  • Card Details Details
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Card Details


  • Earn 1 travel reward point for every $1 of net purchases

  • Earn 2 travel reward points for every $1 of net purchases in foreign currencies

  • Pay no annual fee for the first year*

  • Free additional cards

  • Purchase protection and extended warranty3

  • Baggage insurance2

  • Rental vehicle insurance3

  • Travel accident insurance2

  • Mobile device insurance3

  • 24/7 Travel Assistance4

  • Global Customer Service

Features and Benefits

  • Purchase protection and extended warranty
  • Baggage insurance
  • Rental vehicle insurance
  • Travel medical insurance
  • Travel accident insurance

RateSupermarket.ca's Review

Offering double points for purchases made in foreign currencies, the Meridian™ Visa Platinum* Travel Rewards Card is ideal for globetrotters who travel abroad multiple times a year.

Beyond travel, you can earn rewards points at home too – on everything from buying groceries to going to the movies. The 2x earning rate in foreign purchases is, however, where you can really start accruing points quickly.

Designed with travellers in mind, this card boasts a generous suite of travel and purchase insurance, including luggage protection, rental car insurance and 24/7 travel assistance.

Once you have earned enough points to start redeeming, you are not limited when it comes to choice. You can browse the Meridian Reward Travel Site and choose from a wide selection of airlines, hotels, cruise lines, gift cards, or merchandise.

Earning Potential: 29,351 Meridian Rewards Points

So how does this card stack up to other travel rewards options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:

 

Pharmacy Food Gas
$55.33 $758.53 $155.72**
Travel Other Monthly Total
151.21 102.17 1,222.96

 

Rewards earned over a 24-month period: 29,351 Meridian Rewards Points

In approximately 2 years you may earn enough points to cover a 4-night Bahamas Cruise from Port Canaveral, a new digital camera, or even pair of concert tickets.

*Source: Statistics Canada
**Based on $1.00/litre gas prices

Pros

  • The annual fee is waived for the first year ($49 per year thereafter).
  • There is no fee for additional cards, enabling family members to contribute towards your points.
  • Earn 1 travel reward point for every $1 you spend with very few restrictions on eligible purchases.
  • Earn 2 travel reward points for every $1 you spend in foreign currencies, meaning it pays to travel and use this card abroad!
  • You have lots of choice when it comes to redeeming your hard-earned points. Options include travel, merchandise, event tickets, gift cards, and more.
  • As a frequent traveller you will appreciate coverage up to $1,000 against theft or damaged luggage, and up to $500 against delayed luggage.
  • 24/7 Travel Assistance, available wherever you travel.
  • Includes rental car insurance.
  • Enjoy peace of mind with Mobile Device Insurance of up to $1,000. You are covered in the event your smartphone or tablet is lost, stolen or accidentally damaged.
  • Purchase Protection provides coverage for 90 days from the purchase date in the event of loss, theft or damage when you use your card to purchase eligible items.
  • Extended Warranty coverage automatically increases the original manufacturer's warranty for up to a maximum of one additional year.
  • Price Protection Service means that new eligible purchases can be refunded within 60 days if a lower price is found.

Cons

  • Unless you travel often, and do the majority of your travel outside Canada to take advantage of double points in foreign currencies, earning enough points to redeem for something of value could take a while!
  • If you only travel once per year or less you may want to look for a card which offers more lucrative returns on domestic purchases.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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