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Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.

The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.

Rewards

With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:

Calculating your annual rewards

We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you'd earn this per category:

Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.

This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.

The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that's a 10% earn rate on gas.

For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.

That's equivalent to a {{total_earn_rate}} return on spending.

The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.

This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.

Fees

The {{card.name}} has a {{card.annualFee}} annual fee.

The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.

Perks

We manually review the perks of each credit card to determine how they compare to other cards.

The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.

The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.

Interest Rates

The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.

For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.

Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

We scored it {{factor_score_insurance}} out of 5 for insurance.

It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.

Approval and qualifying

We scored it {{factor_score_approval}} out of 5 for approval.

We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.

This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.

The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.

This puts it in the {{decile.personal_income}} of cards by the income required to qualify.

The Vancity Enviro Visa Infinite credit card offers a range of benefits for environmentally-conscious consumers who want to maximize their rewards for specific spending categories.

Before applying for this card, potential users should understand the earning potential, benefits, and drawbacks that come with the Vancity Enviro Visa Infinite card.

Earning potential

The Vancity Enviro Visa Infinite card earns points through the Vancity Rewards program. Cardholders receive 1.5 points for every $1 spent on grocery and transit expenses, including public transit and taxis. Dining and entertainment expenses earn 1 point for every $1 spent. All other purchases earn 1 point for every $2 spent.

Benefits

1. Travel Insurance: One major advantage of this card is the comprehensive travel insurance package, which includes travel emergency medical insurance, trip cancellation/interruption coverage, lost/delayed/damaged baggage protection, and more. This can provide peace of mind for individuals who frequently travel.





2. Environmental Support: The second major advantage of the Vancity Enviro Visa Infinite credit card is the opportunity to support environmental initiatives. A portion of the annual fees collected from cardholders is donated to the Vancity Community Foundation, which funds local environmental projects.





3. Personalized Assistance: Another benefit is the Visa Infinite Concierge service, which offers personalized assistance for travel, dining, entertainment, and other lifestyle services. This can be a valuable resource for busy individuals looking for assistance with planning and booking experiences.





4. Points Redemption: The fourth major advantage of this card is the ability to redeem points for cash, merchandise, travel rewards, or charitable donations. This flexibility allows users to choose the desired redemption option that best suits their needs.

Drawbacks

1. Annual Fee: A significant drawback of the Vancity Enviro Visa Infinite card is the annual fee of $120. Though the card offers a range of benefits, the annual fee can be a deterrent for individuals seeking a no-fee rewards credit card.





2. Limited Availability: Another significant drawback is that the card is only available to residents of British Columbia or Ontario. This limited availability excludes potential users from other regions of Canada who may be interested in this environmentally-friendly rewards card.

Additional information

In conclusion, the Vancity Enviro Visa Infinite credit card offers a mix of rewards-earning potential and benefits for the environmentally-conscious consumer.

Despite its annual fee and limited regional availability, the card could still be an attractive option for those looking to support environmental initiatives while enjoying travel insurance and the Visa Infinite Concierge service.

Interested in other credit cards? If the Vancity Enviro Visa Infinite credit card isn’t perfect for you, you might want to consider the Vancity enviro Gold Visa. Plus, many Canadian’s that like the Vancity Enviro Visa Infinite like the Vancity Enviro Gold Visa (Low Rate), and the Vancity Enviro Classic Visa (Low Rate).

FAQ

Key benefits

• 2.5% cashback on groceries, 1.25% on gas/transit, 1% on other net purchases





• Up to $100 sign-up bonus with $2,500 spending in first 90 days





• Zero foreign transaction fees on international purchases





• Vancity’s commitment to sustainability and community support





• $120 annual fee for premium card experience





• Exclusively designed for residents in British Columbia, Canada





• Requirement of active Vancity Credit Union membership for eligibility





• Inclusive of extensive insurance coverages and protections





• Availability of Vancity’s online account management and mobile app





• 24/7 customer service assistance for cardholders