How to Apply for the Laurentian Bank Visa Infinite
The Laurentian Bank Visa Infinite is a premium rewards credit card designed for consumers who want everyday rewards, travel protections, and modern digital features. This guide will help you understand who benefits most from this card, how to apply, how to cancel if needed, and common questions.
Who Is This Card For?
This card is recommended for:
- People who regularly spend on groceries, gas, travel, and recurring bills to maximize the 2 points per $1 rewards categories.
- Users who value travel and purchase protections bundled with the card.
- Individuals disciplined about paying their balance in full each month to avoid high interest rates.
- Those who want digital convenience, including instant virtual cards and online reward management.
- Cardholders who plan to use merchant promotions, referral bonuses, and the bank’s eShop to earn extra points.
It is less suitable for people who rarely use the bonus categories, prefer no-fee cards, or intend to carry a balance due to high APRs.
How to Apply
- Visit the official Laurentian Bank website.
- Navigate to the Visa Infinite credit card page.
- Complete the online application form with personal and financial details.
- Submit any required documents (proof of income, ID, or residence).
- Wait for approval. Once approved, you may receive an instant virtual card for immediate online use, with the physical card sent by mail.
Tips to Maximize Rewards
- Focus on bonus categories: Use the card for groceries, gas, travel, and recurring bill payments to earn 2 points per $1.
- Set up recurring payments: Not only convenient, but it can also earn you part of the welcome bonus.
- Use the eShop and promotions: Shop through the bank’s online portal for extra points on popular brands.
- Refer friends and family: Each approved referral can add bonus points to your account.
- Pay in full each month: Avoid high interest charges that can offset the value of rewards.
- Track points and deadlines: Keep an eye on bonus expiration dates and special offers to maximize returns.
How to Cancel
- Pay off any remaining balance.
- Contact Laurentian Bank customer service via phone or online messaging.
- Request card cancellation and confirm any final transactions or pending rewards.
- Keep written confirmation of cancellation for your records.
FAQ
Q: What is the annual fee?
A: $130, plus $50 for each additional cardholder.
Q: What are the interest rates?
A: Purchases: 20.99%, Balance transfers: 21.99%, Cash advances: 22.99%.
Q: How does the welcome bonus work?
A: Up to 12,000 points: 10,000 points after spending $1,500 in the first 3 months, 2,000 points for setting up recurring payments, and 2,000 points per approved referral (limits may apply).
Q: Can I redeem points for small amounts?
A: Yes, points can be redeemed starting at $1 toward purchases or account balance.
Q: Are there travel and purchase protections?
A: Yes. Coverage includes travel insurance, rental car insurance, purchase protection, and extended warranties.
Q: Can I split purchases into installments?
A: Yes. The bank offers 3, 6, 12, or 24-month plans with rates starting at 5.99%. Confirm eligibility before using this feature.
Important Notes
- To maximize the card’s value, focus on bonus categories and promotional offers.
- Avoid carrying a balance to prevent interest from eroding rewards.
- Use digital account tools to track rewards, manage spending, and set up recurring payments.
Conclusion
The Laurentian Bank Visa Infinite is a premium rewards card that delivers strong value for disciplined spenders. Its key benefits include enhanced points on everyday purchases, flexible redemption options, travel and purchase protections, and convenient digital features. While the $130 annual fee and high interest rates may not suit everyone, the card is an excellent choice for those who maximize bonus categories, pay off their balance monthly, and take advantage of merchant promotions. Consider your spending habits and financial goals to determine if this card aligns with your needs before applying.
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