Here's your Rewards Canada update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more.
A few weeks ago we let you know that Merdian Credit Union stopped accepting applications for their cards. The credit union stated they were going to change providers and update their cards for the fall. Meridian has new revealed some of the details of their new cards which should be available in October. The biggest change is that they will now be issuing the cards themselves rather than with Collabria (as many credit unions do).
It also looks like they are taking page from some other banks' playbooks with their marketing/rewards tactics as they state "There will be a small change in the points earn rate structure, with no real impact for the Meridian Visa Cash Back Card and the Meridian Visa Infinite* Travel Rewards Card." and yet there is an impact. Here are the earn rates for the two cards they have revealed the details for:
Meridian Visa Cash Back Card
- Earn 2 points for every $2 spent on gas, groceries, pharmacy, utility bill payments (previously 1 point for every $1)
- Earn 1 point for every $2 spent on all other purchases (previously 0.5 points for every $1)
Meridian Visa Infinite* Travel Rewards Card
- Earn 6 points for every $2 on purchases in foreign currencies (previously 3 points for every $1)
- Earn 3 points for every $2 spent on all other purchases (previously 1.5 points for every $1)
You'll notice everything is "for every $2" and depending on how points are awarded - either per purchase or per statement you'll be earning less than before. If it is per purchase and that purchase is $15 you'll only earn points for $14 of that purchase. Over the a period of time that can add up to a lot of a points lost. If, per chance is by statement, it won't be as bad as you may only lose out on a point or two each month. For example if your statement amount is $1019.57 you'll only lose the points for the $1.57 above $1018.
Not the greatest move on Meridian's part in terms of rewards - I mean it is better for them as they'll be issuing fewer points but unfortunate for those who do have or will be planning on getting one of their cards.
Click here to learn more about the Meridian card changes.
Image via Meridian
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If you are planning on flying Royal Air Maroc between Montreal and Casablanca anytime between now and the end of the year and credit those flights to Safar Flyer (RAM's frequent flyer program) you'll earn double elite status miles. No registration is required, simply make sure your Safar Flyer number is included on your reservation. Click here to learn more.
Image via Royal Air Maroc
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Posts since our last update:
- Earn 100 Aeroplan Points for every $5 donated to the Canadian Red Cross + a chance to win 250K Aeroplan Points
- Top Travel Credit Card Sign Up offers for September - These cards provide the best value out of their welcome bonuses
- Earn 50% bonus Aeroplan points on all Air Canada flights worldwide
- The Ultimate Student Credit Card portfolio, a new Amex Offer for Travelpro & select Air Canada elites receive access to Virgin Australia lounges
Deals:
Air France Seat Sale - Fly Economy Class to Europe from $869, Business Class from $3,079. Book by Sep 20. Click here to book this offer
KLM Seat Sale - Fly Economy Class to Europe from $749, Business Class from $3,046. Book by Sep 20. Click here to book this offer
Canadian Bonus Offers
Air Canada Aeroplan
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Best Western Rewards
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British Airways Executive Club
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Marriott Bonvoy
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- Cairo Earn up to 10,000 bonus Bonvoy Points for stays
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Qatar Airways Privilege Club
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