BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash back
Meridian® Visa® Infinite Cash Back Card review
3.9Rated by the CreditCardGuru Editorial Team
One of the strongest gas-and-grocery cash back cards in Canada at 4%, with a first-year fee waiver. The cap and Ontario-centric availability are the main limitations.
At a glance
- Annual fee
- $99
- Welcome bonus
- ~$70
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 19.5%
Rewards & earn rates
| Groceries$25,000 annual cap on elevated gas/grocery/pharmacy/utility rates; 1% after | 4% |
| Gas | 4% |
| Pharmacy | 2% |
| Utility bill payments | 2% |
| Everything else | 1% |
Welcome offer: $70 cash back on your first purchase, plus first-year annual fee waived (Ontario residents only) (Make a first purchase on the card).
Pros & cons
Pros
- Standout 4% earn rate on gas and groceries
- First-year fee waiver and a modest $99 fee thereafter
- Lower income requirement than World Elite competitors
Cons
- $25,000 annual cap on elevated rates
- Meridian membership required; welcome offer limited to Ontario
- Rewards redemption can require phone-in for some options
Perks & insurance
Key perks
- 4% back on gas and groceries - among the highest in Canada
- Lower annual fee than comparable big-bank cash back cards, waived in year one
- Visa Infinite Concierge and Luxury Hotel Collection
- Points-based cash back can also be redeemed for travel, gift cards or account credit
Insurance
- Comprehensive Visa Infinite travel insurance package
- Purchase protection and extended warranty
Rates & fees
- Annual fee
- $99
- Purchase interest
- 19.5%
- Cash advance
- 21.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $60,000
First year waived; additional cards $30 (also waived first year).
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
C
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
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Cite this page
“Meridian® Visa® Infinite Cash Back Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/meridian-visa-infinite-cash-back-card, updated June 7, 2026.