Credit Card Laurentian Bank Visa Infinite

Quick Overview

The Laurentian Bank Visa Infinite is a premium rewards card aimed at consumers who want solid everyday rewards, travel and purchase protections, and modern digital features. It carries a mid-range annual fee and standard Visa Infinite benefits, plus a welcome bonus for new cardholders.

Key specifications

• Welcome bonus: Up to 12,000 bonus points (see details below)
• Rewards rates: 2 points per $1 on gas, groceries, travel & transportation, and recurring bill payments; 1 point per $1 on all other eligible purchases
• Redemption: Redeem starting at $1 in points toward account balance or eligible purchases
• Annual fee: $130
• Interest rates: Purchases 20.99%, Balance transfers 21.99%, Cash advances 22.99%
• Additional cardholder fee: $50

Welcome Bonus — How it Works

The card’s new-card offer is structured in three parts and totals up to 12,000 bonus points when all conditions are met:

• 10,000 bonus points (typically valued at about $100) after spending $1,500 within the first 3 months.
• 2,000 bonus points (about $20) for setting up pre-authorized (recurring) payments within the first 3 months.
• 2,000 bonus points for each friend or family member referred who is approved (referral limits may apply).

Note: The first two items above are the typical guaranteed components. Referral points are additive based on the card’s referral program rules.

Rewards Structure and Value

The card uses a points system where most everyday categories earn enhanced rewards:

• 2 points per $1 on gas, groceries, travel & transportation, and recurring bill payments.
• 1 point per $1 on all other eligible purchases.

Points appear to be valued at roughly $0.01 each based on the stated bonus valuations (for example, 10,000 points ~ $100). Points can be redeemed starting at as little as $1, which makes small redemptions practical.

Redemption Options & Bonus Offers

Laurentian Bank provides flexible redemption and extra earning opportunities:

• Redeem points toward your account balance or eligible purchases starting at just $1.
• Shop through the bank’s eShop to earn extra points—some offers provide up to 15% back in points with popular brands and merchant-specific bonuses.
• Some offers have first-time bonuses or milestone bonuses that award additional points when you reach spending thresholds.

Digital Features & Account Management

Modern cardholder conveniences are included:

• Instant virtual card issuance to start using the card online right away.
• Online account access to view rewards, manage spending, and add cardholders.
• Tools to set up and manage recurring bill payments (which earn bonus points).

Insurance & Purchase Protections

The card includes a suite of protections that add practical value for frequent travelers and shoppers:

• Travel insurance (trip interruption/cancellation components—confirm exact coverages with the insurer).
• Rental car insurance.
• Purchase protection and extended warranty coverage on eligible items.

Installment Plans & Buy Now, Pay Later

Laurentian Bank offers flexible installment plan options to break larger purchases into smaller payments:

• Choose between 3, 6, 12, or 24 month plans.
• Rates can start as low as 5.99% for certain plans.
• The review notes “no extra credit checks needed” to use this feature, but applicants should confirm eligibility rules and terms before relying on the option.

Fees and Interest Rates — The Tradeoffs

While the rewards and protections are attractive, the card has notable costs:

• Annual fee: $130 — a moderate fee for a Visa Infinite product.
• Purchase APR: 20.99% — typical for rewards credit cards but high for carried balances.
• Balance transfer APR: 21.99%.
• Cash advance APR: 22.99% — cash advances are expensive and include fees.
• Additional cardholder fee: $50 each.

If carrying a balance is likely, the high APRs can quickly erode rewards value. This card is best used by those who pay in full each month.

Pros and Cons

Pros

• Solid category earn rates on groceries, gas, travel, and recurring payments (2 points/$1).
• Flexible redemptions starting at $1.
• Strong travel and purchase protections included.
• Digital features like an instant virtual card and online reward management.
• Introductory and referral bonus opportunities can add meaningful value.

Cons

• $130 annual fee—requires enough usage to justify the cost.
• High interest rates on carried balances, balance transfers, and cash advances.
• $50 fee for each additional cardholder.
• Some bonus components (referrals, eShop offers, milestone bonuses) require effort or timing to maximize.

Who Should Apply?

The Laurentian Bank Visa Infinite card is a good fit for:

• Cardholders who spend regularly on groceries, gas, and travel and can take advantage of the 2 points/$1 categories.
• People who value travel and purchase insurance benefits that come bundled with the card.
• Users who will pay their balance in full each month to avoid high interest charges and maximize rewards return.
• Those who will use the bank’s eShop and promotional offers to earn incremental points.

This card is less attractive for people who rarely use category bonuses, keep a balance, or want to avoid an annual fee entirely.

Final Verdict

Overall, the Laurentian Bank Visa Infinite offers competitive everyday rewards in grocery, gas, travel, and recurring payments, useful protections, and modern digital conveniences. The sign-up bonus and merchant offers add tangible value, but the $130 annual fee and relatively high APRs mean the card delivers its best value to disciplined spenders who pay in full and take advantage of the bonus categories and additional offers.

Recommendation: Consider this card if you regularly spend in the 2-point categories, want the travel/purchase protections, and plan to pay off your balance monthly. If you prefer a no-fee card or expect to carry a balance, compare alternatives before applying.