Credit Cards

[Meridian Visa] 4% cash back on G&G, 2% on Rx&PAP VISA card (First $25,000 in purchase)*No limited time

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  • Jan 28th, 2023 8:07 pm
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Thread Summary
***As of August 2022, all Meridian credit cards are no longer available to new applicants***
Existing cardholders had their accounts moved to Meridian from Collabria on October 10, 2022


Membership in Meridian Credit Union is required before you can apply for any of these cards. No-fee savings accounts can be opened online, which include a membership.

Merchant categories for higher earnings levels on Meridian Cash Back Visa Infinite:

The first $25,000 spent in these Visa merchant categories earns 4%, and 1% after $25k:

5541 Service Stations ( with or without ancillary services)
5542 Automated Fuel Dispensers
5411 Grocery Stores and Supermarkets

The first $25,000 spent in these categories earns 2%, and 1% after $25k:

4814 Telecommunication Services, including Local and Long Distance Calls, Credit Card Calls, Calls Through Use of Magnetic- Stripe-Reading Telephones, and Fax Services
4815 VisaPhone
4821 Telegraph services
4899 Cable, Satellite and Other Pay Television/Radio/Streaming Services
4900 Utilities – Electric, Gas, Water, and Sanitary
5912 Drug Stores and Pharmacies

Rewards can be redeemed each month, rather than once per year, and can be applied as an account credit (minimum $50 now $25). Other ways to use rewards include for merchandise, event tickets, and gift cards.

"As a bonus, you will receive an additional 10% on your cash back deposit when you open a Meridian Good To Grow High Interest Savings Account."
940 replies
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Nov 10, 2005
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The 4% is interesting, but the annual fee... I will have to take a look once more details become available.
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Feb 25, 2014
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120 annual fee maybe
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Aug 19, 2014
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Toronto, ON
MehtabS wrote: 120 annual fee maybe
The annual fee will be between 0 and $99 depending on the card.
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May 11, 2014
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Considering how CUETs has been cut down and essentially being left languishing by TD, not surprised. Until pretty much Collabria, there was no other credit card company that did affiliated selling, other than MBNA but MBNA is also part of TD and you pretty much have the same problem.

CUET's main card is the CUETS World Elite card card. The points are worth 1 cent each. It gives you 2%. Not bad, but it has a $150 annual fee. The insurance was a great part of the card such as concierge and travel, but since TD took it over, they replaced the insurance provider to themselves, cut back coverage and benefits. Now this card is an expensive considering the rewards. There are exceptions where if you get the card at Integris Credit Union (BC), the card is annual fee free if you spend >$15K a year, but for the majority of credit union members who don't get this deal, it isn't worth it.

While Desjardins/Collabria aren't known for amazing credit cards, competition in this area should increase as banks try to get more business, especially with the likely stagnating housing market, we may start to see some actual competition. It would be interesting to see the likes of Meridian, Vancity or large credit union more proactively enter the space. I was always curious as to why Vancity never forged further ahead with their credit card business under Citizens Bank brand.
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Aug 19, 2014
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Toronto, ON
I'm told that the Meridian cards will be very competitive in the market. They'll have three cash back card options, with the top card being similar to the Scotiabank Momentum Infinite Visa. There's also going to be a Travel Card that will be similar to some of the market leading cards.
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May 11, 2014
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Insider8 wrote: I'm told that the Meridian cards will be very competitive in the market. They'll have three cash back card options, with the top card being similar to the Scotiabank Momentum Infinite Visa. There's also going to be a Travel Card that will be similar to some of the market leading cards.
Possible, although the base Collabria cards are not really that competitive
https://www.collabriacreditcards.ca/aff ... nal-cards/

Meridian may have developed their cards using Collabria's Self-Issue program in which they control all aspects of the cards and maintain the assets of the cards
https://www.collabriafinancial.ca/uniqu ... dels-cards

This is the main difference with Collabria as a partner; they allow the credit union to have full or limited control of the cards. This is much better than CUETS one size fits all program where the cards are universal across the spectrum, except credit unions may choose to reward customers with more Choice Rewards points. DUCA, and Kawartha Credit Union have moved to Collabria as well. State Bank of India too! I wouldn't be surprised to see if some of the larger credit unions in Canada with national ambitions may switch models. Coast Capital already partners with Desjardins, but curious if they may switch to develop their own. With low interest rates in traditional lending, credit card assets will probably be a targeted assets by these larger credit unions seeking more profits. From what I can tell with CUETs, TD owns all the credit card debt meaning the partner credit unions only receive royalties from CUETs on purchases and interest paid.
Support your local Credit Union!

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Newbie
Aug 19, 2014
14 posts
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Toronto, ON
xgbsSS wrote: Possible, although the base Collabria cards are not really that competitive
https://www.collabriacreditcards.ca/aff ... nal-cards/

Meridian may have developed their cards using Collabria's Self-Issue program in which they control all aspects of the cards and maintain the assets of the cards
https://www.collabriafinancial.ca/uniqu ... dels-cards

This is the main difference with Collabria as a partner; they allow the credit union to have full or limited control of the cards. This is much better than CUETS one size fits all program where the cards are universal across the spectrum, except credit unions may choose to reward customers with more Choice Rewards points. DUCA, and Kawartha Credit Union have moved to Collabria as well. State Bank of India too! I wouldn't be surprised to see if some of the larger credit unions in Canada with national ambitions may switch models. Coast Capital already partners with Desjardins, but curious if they may switch to develop their own. With low interest rates in traditional lending, credit card assets will probably be a targeted assets by these larger credit unions seeking more profits. From what I can tell with CUETs, TD owns all the credit card debt meaning the partner credit unions only receive royalties from CUETs on purchases and interest paid.
I've seen the card features. The Meridian cards are going to be solid.
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Jan 31, 2006
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matradley wrote: The 4% is interesting, but the annual fee... I will have to take a look once more details become available.
Its not 4% but 'Earn up to 4% cash back and redeem at anytime'
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Aug 14, 2013
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Montreal, QC
Where can we find this cc?
Newbie
Aug 19, 2014
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Toronto, ON
cgtlky wrote: Its not 4% but 'Earn up to 4% cash back and redeem at anytime'
Visa Infinite Cash Back
- 4% on Gas/Grocery, 2% on Pharmacy/Utility Bills, 1% on Other
- $99 Fee
- Infinite Benefits, All regular insurance included. Mobile Device Insurance.
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Jan 31, 2006
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Insider8 wrote: Visa Infinite Cash Back
- 4% on Gas/Grocery, 2% on Pharmacy/Utility Bills, 1% on Other
- $99 Fee
- Infinite Benefits, All regular insurance included. Mobile Device Insurance.
Where did you see those? In Meridian website all I can see is https://www.meridiancu.ca/Personal/Credit-Cards.aspx

The $99 annual fee kill the deal, unless you spend a lot in gas/grocery and pharmacy/utilities bills its not worth getting this card at all.
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Aug 5, 2006
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Insider8 wrote: I've seen the card features. The Meridian cards are going to be solid.
Will there be a no-fee card with 2% groceries cashback and redemptions at any time with no minimum amount to redeem? If so it will replace my MBNA card for sure.
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Aug 19, 2014
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Toronto, ON
scoper wrote: Will there be a no-fee card with 2% groceries cashback and redemptions at any time with no minimum amount to redeem? If so it will replace my MBNA card for sure.
They'l have a card like that that with 2% on groceries/gas/pharma/utility bills and 1% on other purchases. It will have a $49 Annual Fee. I haven't heard of a minimum amount of redeem.
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Oct 7, 2011
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TD and CIBC keep offering FYF and bonus points. If this card doesn't offer FYF, it won't be competitive.
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Mar 20, 2016
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Cards are available. But it's still not clear how and when their cash back can be redeemed. The link to meridianvisa.ca/cbrewards they have in T&C doesn't work.
[OP]
Sr. Member
Dec 12, 2016
521 posts
534 upvotes
AlexLipovtsev wrote: Cards are available. But it's still not clear how and when their cash back can be redeemed. The link to meridianvisa.ca/cbrewards they have in T&C doesn't work.
It could be like the other Collabria cards (I.e. Duca) that allows redemption at any time. The Visa Infinite Cashback card is identical to the Scotia Momentum Infinite.

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