Vancity Enviro Visa Infinite Review

3.00

$120.00

Annual Fee

$0.00

Annual Rewards

18,000 points

Intro Offer

$120.00

Annual fee

$0.00

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

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Vancity Enviro Visa Infinite, here’s how you earn rewards:

Groceries2.5 points
Specific Stores10 points
All Other Spend1.25 points

How much your rewards are worth

The dollar value of your rewards depends on the specific Vancity Enviro rewards program and what you choose to redeem your points for.

For Vancity Enviro Visa Infinite in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Calculating your annual rewards

$24,000.00 annual spending x $0.00% return on spending = $0.00 annual rewards

$0.00 annual rewards – $120.00 annual fee = $$-120.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$60,000.00
Household Income$100,000.00
Interest Rates
Purchase19.5%
Cash Advance19.5%
Balance Transfer19.5%
Fees
Annual Fee$120.00
Extra Card Fee$0
Card typeVisa

Insurance coverage

Extended Warranty1 year
Purchase Protection90 days
Travel Accident500000
Flight Delay500
Baggage Delay500
Lost or Stolen Baggage1000
Rental Car Theft & DamageYes
Mobile Phone Insurance1000
Price Protection InsuranceYes

Vancity Enviro Visa Infinite Review

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.

1. 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.

2. Benefit 1: 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.

3. Benefit 2: 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.

4. Benefit 3: 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.

5. Benefit 4: 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.

6. Drawback 1: 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.

7. Drawback 2: 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.

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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