Hot Deals

Meridian Visa Infinite Cash Back, FYF + $100 cash + up to 4% cash back

  • Last Updated:
  • Nov 20th, 2018 3:10 pm
Member
Feb 18, 2012
345 posts
93 upvotes
Victoria
Did all of you read the stipulations? Must have at least $250k in investments not including property, demonstrate at least $25k a year spent on previous credit card?
Member
Oct 14, 2014
336 posts
205 upvotes
Southern Ontario
Horsey2345 wrote:
Nov 7th, 2018 1:00 pm
Did all of you read the stipulations? Must have at least $250k in investments not including property, demonstrate at least $25k a year spent on previous credit card?
Those are alternate qualifiers to the $60k personal/$100k household incomes. At least one qualifier needs to be met -- not all of them.
Newbie
Jul 28, 2009
36 posts
48 upvotes
Surrey
It say :

At least one of the following Visa Infinite card criteria must also be met to qualify for the Meridian Visa Infinite Cash Back Card:

• Declared minimum personal income of CAD $60,000 per year

• Declared minimum household income of CAD $100,000 per year

• Declared total market value of all investments of at least CAD $250,000 (not including real estate or material goods)

• Demonstrated minimum annual spend of CAD $25,000 on an existing card

so i am guessing if you fulfill one of the 4, it's good.
Newbie
Jul 2, 2018
43 posts
49 upvotes
jellytime wrote:
Nov 7th, 2018 12:47 pm
Well, this would be my 5th card application in 6 months... so what's another one on the record...lol
I rd commend rechecking your own credit score, I lost 30 points applying for an American Express recently
Member
Sep 10, 2008
407 posts
73 upvotes
Vancouver
applied and will need to wait for review 7-10 days
Deal Addict
Nov 28, 2013
1113 posts
342 upvotes
London, ON
man this card is awesome!
it includes mobile phone insurance!
Newbie
Apr 29, 2018
19 posts
1 upvote
jellytime wrote:
Nov 7th, 2018 12:47 pm
Well, this would be my 5th card application in 6 months... so what's another one on the record...lol
That's a lot then! Some banks are sensitive to HP, such as MBNA. Not sure about Meridian. If you don't get instant approval, then 50/50 chance to get it.
Deal Addict
Sep 2, 2006
2302 posts
557 upvotes
Orleans
Hesitating between the Meridian Visa Infinite and the Scotia Bank Momentum Infinite.

Please convince me.
Deal Addict
Jul 24, 2003
1494 posts
208 upvotes
the Mobility Device Insurance is interesting...
Deal Addict
User avatar
Feb 19, 2014
1550 posts
456 upvotes
Toronto
LeaveEarly wrote:
Nov 7th, 2018 1:25 pm
I rd commend rechecking your own credit score, I lost 30 points applying for an American Express recently
I only have credit Karma and it says i'm at 738. So whatever that's worth.
kaspersky wrote:
Nov 7th, 2018 3:33 pm
That's a lot then! Some banks are sensitive to HP, such as MBNA. Not sure about Meridian. If you don't get instant approval, then 50/50 chance to get it.
yeah, it's a few. I got really excited the last little bit. I'm assuming most people get instant approval.
Deal Addict
User avatar
Feb 19, 2014
1550 posts
456 upvotes
Toronto
Poulet wrote:
Nov 7th, 2018 3:38 pm
Hesitating between the Meridian Visa Infinite and the Scotia Bank Momentum Infinite.

Please convince me.
The Meridian card has more insurance benefits like the cell phone insurance.

Other than that, it's the same card.

Not sure what meridian customer service is like though...Scotia's is pretty standard for big 5.
Newbie
Jul 28, 2009
36 posts
48 upvotes
Surrey
If a Mobile Device is lost, stolen or suffers a mechanical
breakdown or Accidental Damage, the Insurer will
reimburse You the lesser of its repair or replacement
cost, not exceeding the depreciated value† of Your Mobile
Device at time of loss, less the applicable deductible††,
to a maximum of $1,000, subject to the Limitations and
Exclusions below.

The depreciated value of Your Mobile Device at date of
loss is calculated by deducting from the Purchase Price of
Your Mobile Device the depreciation cost of two percent
(2%) for each completed month from the date of purchase.
Meridian_CDW_Mobile Device_PP_EW_PPS_M20003_v2.indd 2 12/22/16 7:22 PM
†† The amount of the deductible is based on the Purchase
Price of Your Mobile Device less any applicable taxes, as
determined from the following table:
PURCHASE PRICE LESS TAX DEDUCTIBLE AMOUNT
$0.00 - $200.00 $25
$200.01 - $400.00 $50
$400.01 - $600.00 $75
$600.01 and greater $100
For example, if You purchase a new Mobile Device for a
total Purchase Price of $800 ($700 + $100 in applicable
taxes) on April 1, 2017, and file a claim on January 21,
2018, the maximum amount of reimbursement available
to You is calculated as follows:
1. We calculate the depreciated value of Your Mobile
Device:
Purchase Price $800
Less depreciation cost -$128 (2% X 8 months X $800)
Depreciated value $672
2. We then apply the deductible applicable to the
Purchase Price less taxes ($800 - $100 = $700) as set
out in the table above, to determine the maximum
amount of reimbursement available to You:
Depreciated value $672
Less applicable deductible -$100
Maximum reimbursement $572
In the event You file a repair claim and the total cost of
repair is $300, including applicable taxes, upon approval of
Your claim, the maximum reimbursement available to You
is $300.
In the event Your Mobile Device is lost or stolen and,
upon approval of Your claim, You purchase a replacement
Mobile Device for a price of $700 including applicable
taxes, the maximum reimbursement available to You is
$572.
All claims are subject to the terms, conditions, and
Limitations and Exclusions set out in this Certificate of
Insurance. For details on how to file Your claim, please
refer to the How to Claim section.
Sr. Member
Jan 23, 2009
662 posts
321 upvotes
ontario
jellytime wrote:
Nov 7th, 2018 12:47 pm
"THANK YOU
Your application has been sent on to an analyst for further review. You will be contacted in the next 7-10 business days if additional information is required."

Did anyone else get an auto approval, or is this standard?
Got the same message

TY op
Sr. Member
Jan 23, 2009
662 posts
321 upvotes
ontario
dsi wrote:
Nov 7th, 2018 11:30 am
Damn, I signed up too soon (2 weeks ago). I got the letter in the mail yesterday that said my card will be coming in the mail in 7-10 days. I didn't receive any $100 promo. I wonder if I should call them.
did it actually took that long 2 weeks for the letter and then 7-10 days wow
Sr. Member
Jan 23, 2009
662 posts
321 upvotes
ontario
tokyokam88 wrote:
Nov 7th, 2018 1:08 pm
It say :

At least one of the following Visa Infinite card criteria must also be met to qualify for the Meridian Visa Infinite Cash Back Card:

• Declared minimum personal income of CAD $60,000 per year

• Declared minimum household income of CAD $100,000 per year

• Declared total market value of all investments of at least CAD $250,000 (not including real estate or material goods)

• Demonstrated minimum annual spend of CAD $25,000 on an existing card

so i am guessing if you fulfill one of the 4, it's good.
LOL Everyone in RFD makes over 100k and our investments over 250K

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