Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

Independently researched by MoneyMint. Not sponsored by Meridian Credit Union. Data verified as of August 2026.

Meridian Credit UnionOntario Residents Only

Meridian Visa Infinite Travel Rewards Card

Our take: strongest for groceries and gas — about 1.5% back in value (est.) for $99 a year.

Key featureElevated rewards on foreign currency spending, but only available to Ontario residents

Apply on Meridian’s site →

Goes straight to Meridian
Our review

3.3out of 5

MoneyMint rating

#24 of 30 travel rewards cards · How we rate

Rewards value

4/10

Insurance

10/10

Flexibility

8/10

Welcome bonus

1/10

Fee value

10/10

Perks

4/10

≈ $270

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

Quick Facts

Annual Fee

$99 (1st yr $0)

Rewards

~1.5% on groceries (est. value)

Credit Needed

Good+

Purchase APR 19.50%

Pros & Cons

Pros

3 points per $1 on purchases made in foreign currency outside Canada
1.5 points per $1 on all other purchases
First year’s annual fee waived
Visa Infinite card benefits tier (purchase and travel-related protections)
Lower purchase APR than many rewards cards (19.50%)
Mobile device insurance up to $1,000 if your phone or tablet is lost, stolen, accidentally damaged or breaks down

Cons

Only available to residents of Ontario
Requires minimum personal income of $60,000 or household income of $100,000
$99 annual fee starting in year two
Sources disagree on whether a foreign transaction fee applies on top of the rewards – confirm before relying on the foreign-currency rate
Membership at Meridian or Motus Bank may be required to hold the card

Rates & Fees

Purchase APR19.50%

Cash Advance APR21.99%

Foreign Transaction FeeDisputed – see note below

Who This Card Is For

A potential fit for Ontario residents who travel or make regular foreign-currency purchases and meet Meridian’s income requirements, and who are comfortable joining a credit union rather than a traditional bank. It is not an option for residents of other provinces.

Bottom Line

The Meridian Visa Infinite Travel Rewards Card’s 3x foreign-currency rewards rate is competitive with dedicated travel cards from major banks, and the first-year fee waiver softens the $99 annual cost. However, the card’s availability is capped to Ontario residents only, and the income requirements ($60,000 personal / $100,000 household) rule out many applicants. Prospective cardholders outside Ontario should look elsewhere. Those inside Ontario should note the 2.50% foreign currency conversion fee in Meridian’s disclosure statement, which largely offsets the higher earn rate on foreign-currency purchases.

FAQ

Is This Card Available Outside Ontario?

No. Meridian restricts this card to Ontario residents.

What Income Do I Need to Qualify?

Meridian’s published eligibility requires a minimum personal income of $60,000 or household income of $100,000.

Does It Charge a Foreign Transaction Fee?

Yes — Meridian’s Disclosure Statement for Personal Cards sets the foreign currency conversion rate at 2.50% over the benchmark rate, so the 3% earn rate on foreign-currency purchases is largely cancelled out by the conversion cost.