Vancity Enviro Visa Infinite Review

3.86

$120

Annual Fee

$0

Annual Rewards

18,000 points

Intro Offer

$120

Annual fee

$0

Annual rewards

18,000 points

Intro offer


Pros


  • High cashback rates on eligible spending: Get 2.5% cashback on grocery, 1.25% on gas and transit, and 1% on all other net purchases
  • Sign-up bonus: Earn up to $100 in bonus cashback when you spend $2,500 within your first 90 days of account opening
  • No foreign transaction fees: Save on currency conversion charges on purchases made in foreign currencies
  • Supports local community: The rewards program also focuses on sustainability and Vancity donates a percentage of its profits to local projects

Cons


  • Annual fee: $120 annual fee, which is on-par with other premium cards but can be a drawback for some
  • No companion flight benefits or airport lounge access: Lacks additional perks in comparison to other Infinite credit cards
  • Vancity membership required: You must be a member of Vancity Credit Union to qualify for this card
  • Limited availability: This credit card is available exclusively for Canadian residents living in British Columbia

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 Vancity Enviro Visa Infinite has earned a 3.86 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

Rewards

Fees

Perks

Interest rates

Insurance

Acceptance

Approval

The highest scoring categories for the Vancity Enviro Visa Infinite are insurance and interest.

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 Vancity Enviro Visa Infinite the most important factors for scoring this card are its insurance and interest.

Rewards

With the Vancity Enviro Visa Infinite, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Bills1.25 points
Pharmacy1.25 points
Gas1.25 points
Groceries2.5 points
Restaurants1.25 points
Specific Stores10 points
Travel1.25 points
All Other Spend1.25 points

Calculating your annual rewards

We estimate that spending $2,000 per month with the Vancity Enviro Visa Infinite would earn $0 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 Vancity Enviro Visa Infinite is worth up to $0.00, depending on how you redeem.

This $0 in rewards value puts the Vancity Enviro Visa Infinite in the bottom 20% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the Vancity Enviro Visa Infinite earns $0 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.

Above, we’ve calculated the earn rate for the Vancity Enviro Visa Infinite for every spend category and compared it to the average for all Canadian credit cards.

For an annual spend of $24,000, we estimated annual rewards value at up to $0.

That’s equivalent to a 0.00% return on spending.

The Vancity Enviro Visa Infinite has an annual fee of $120. After deducting this, we predicted net annual rewards of $-120.

This puts it in the bottom 10% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.

Fees

The Vancity Enviro Visa Infinite has a $120 annual fee.

The average card charges $85. So, the Vancity Enviro Visa Infinite is in the top 30% 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 Vancity Enviro Visa Infinite scored a 1.7 out of 5 for perks, putting it in the top 50% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Purchase19.5%
Cash Advance19.5%
Balance Transfer19.5%

The average (median) credit card has a purchase interest rate of 19.99% and so the Vancity Enviro Visa Infinite charges 0.49% less than the average.

For cash advances it costs 19.5% compared to the average of 19.96%.

Testing the Vancity Enviro Visa Infinite with a $2,000 starting balance, you can see in the graph how the 0.49% less in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$500,000
Flight Delay$500$500
Baggage Delay$500$500
Lost or Stolen Baggage$1,000$1,000
Rental Car Theft & DamageYesNo
Mobile Phone Insurance$1,000$1,000
Price Protection InsuranceYes90 days

We scored it 4.1 out of 5 for insurance.

It offers 9 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$60,000
Household Income$100,000
Fees
Annual Fee$120
Extra Card Fee$0
Card typeVisa

We scored it 3.0 out of 5 for approval.

We predict that you will require a credit score of at least 660 to qualify for the Vancity Enviro Visa Infinite, while the average card requires 652 to qualify.

This puts it in the top bottom 50% of cards by approval difficulty.

The personal income requirements are $60,000, while the average card requires $23,896.

This puts it in the top 20% 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

With the Vancity Enviro Visa Infinite credit card, cardholders can redeem their points for a variety of rewards such as:

  • Travel rewards: Airfare, hotels, car rentals, vacation packages, and other travel-related experiences can be redeemed using points through the My Visa Rewards Plus program.
  • Merchandise and gift cards: Points can be redeemed for popular items, including electronics, home appliances, fashion, and more, as well as a selection of gift cards from various retailers and brands.
  • Event tickets: Cardholders can redeem points for tickets to concerts, theatre productions, sporting events, and other exciting experiences.
  • Charitable donations: For those who want to make a difference, points can be redeemed as a donation to a selection of local and national charities.
  • Financial rewards: Cardholders can also choose to redeem points as a cash back credit to their Vancity Enviro Visa Infinite account or apply them toward outstanding credit card balances or investments.
  • Zero-waste rewards: For environmentally conscious cardholders, points can be utilized to offset carbon emissions resulting from travel or redeem them for eco-friendly items.

The Vancity Enviro Visa Infinite credit card charges a foreign transaction fee of 2.5% on each transaction made in a foreign currency.

This fee is typical for most Canadian credit cards and gets applied to the converted Canadian dollar amount of any purchases, cash advances, or other transactions made in a currency other than Canadian dollars.

The Vancity Enviro Visa Infinite credit card does indeed have a minimum income requirement. Applicants must have a minimum annual personal income of $60,000 or a minimum annual household income of $100,000 to be eligible for this credit card.

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

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