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Earn up to 6% in cash back đź’°

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Looking for a credit card that offers cashback rewards without breaking the bank? The Laurentian Bank Visa Cashback Credit Card might just be what you need.

Welcome Offers and Bonuses

The Laurentian Bank Visa Cashback Credit Card comes with an attractive welcome offer that can jumpstart your cashback journey. Here’s what you can expect:

  • Earn up to $60 cashback when you spend $1,000 in the first three months and set up a pre-authorized payment.
  • Receive $20 cashback for every friend or family member you refer to the card.
  • Get an additional $50 cashback when you spend $1,000 within the first three months.

Annual Fees and Interest Rates

Before diving into the benefits, it’s essential to understand the costs associated with this card:

  • Annual Fee: $65
  • Interest Rate on Purchases: 20.99%
  • Interest Rate on Balance Transfers: 21.99%
  • Interest Rate on Cash Advances: 22.99%
  • Additional Cardholders: Free

Cashback Rewards Structure

One of the standout features of the Laurentian Bank Visa Cashback Credit Card is its cashback rewards structure:

  • 2% cashback on gas and grocery purchases.
  • 2% cashback on recurring payments.
  • 1% cashback on all other eligible purchases.

This tiered structure allows cardholders to earn cashback quickly, especially on everyday essentials like groceries and gas.

Redemption Options

Another appealing aspect of this card is the flexibility in redeeming your cashback:

  • You can redeem cashback as little as $1 towards your account balance or eligible net purchases.
  • Enjoy hundreds of in-card offers that further enhance your cashback potential.

Digital Features and Security

In today’s digital age, having a credit card with excellent online features is crucial. The Laurentian Bank Visa Cashback Credit Card offers:

  • The ability to get a virtual card instantly upon approval.
  • Tools to manage your spending, create budgets, and track expenses by category.
  • Security features such as the ability to lock and unlock your card and block transactions in foreign currency.

Insurance and Assistance Benefits

Beyond just cashback, this card provides additional peace of mind with its insurance offerings:

  • Purchase Insurance: Coverage against theft or accidental damage for 90 days.
  • Extended Warranty: An additional year of coverage on eligible purchases.
  • Visa Zero Liability Fraud: Protects you from unauthorized transactions.
  • Assure Payment: Offers support for life, disability, and job loss insurance.

Is This Card Right for You?

Determining whether the Laurentian Bank Visa Cashback Credit Card aligns with your financial goals involves several considerations:

  • You must be a Canadian resident and meet the age of majority in your province or territory.
  • This card is ideal for those looking for a straightforward cashback rewards program.
  • It’s perfect if you want to add additional cardholders at no extra cost and value purchase protection.

Pros and Cons

Every credit card has its strengths and weaknesses. Here’s a quick overview:

Pros:

  • Generous cashback rates on gas, groceries, and recurring payments.
  • Attractive welcome bonuses.
  • No fee for additional cardholders.
  • Instant access to a virtual card.

Cons:

  • Annual fee of $65 after the first year.
  • Higher interest rates compared to some competitors.
  • Cashback rates drop to 1% after the introductory period on non-bonus categories.

Overall Recommendation

If you’re looking for a credit card that rewards everyday spending with cashback, the Laurentian Bank Visa Cashback Credit Card is definitely worth considering. Its solid cashback structure, attractive welcome bonuses, and added benefits make it a strong contender in the cashback credit card market.

However, if you often carry a balance, the high-interest rates may be a drawback. It’s best suited for those who can pay off their balance in full each month to take full advantage of the cashback rewards without incurring interest charges.

Final Thoughts

In conclusion, the Laurentian Bank Visa Cashback Credit Card offers a compelling mix of cashback rewards, digital features, and insurance benefits. Whether you’re a frequent shopper or simply want to earn rewards on your everyday purchases, this card can be a valuable addition to your wallet.

Before applying, assess your spending habits and whether the card’s benefits align with your financial goals. With the right approach, you could maximize your cashback earnings and enjoy the perks this card has to offer!

HOW TO APPLY

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