Laurentian Bank Visa Cashback Card Review

Get ready to see real money back on your everyday spending with the Laurentian Bank Visa Cashback Card.

The Laurentian Bank Visa Cashback Card offers a compelling blend of accelerated cash back in key categories and a solid earn rate on everything else, all for a reasonable annual fee.

With valuable introductory offers to boost your initial savings and the convenience of modern digital banking features, this card is a practical choice for individuals and families looking to get tangible value from their credit card. It’s time to let your spending pay you back!

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Laurentian Bank Visa Cashback

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Benefits: Your Smart Path to Savings

The Laurentian Bank Visa Cashback Card comes with a good range of benefits focused on delivering cash back rewards and providing modern conveniences and protections.

1. Accelerated 2% Cash Back on Essentials: This is the core strength of the card! You’ll earn a fantastic 2% cash back on all your eligible purchases at gas stations and grocery stores.
2. Rewarding 2% Cash Back on Recurring Payments: Make paying your monthly bills more rewarding! Earn an excellent 2% cash back when you set up recurring bill payments on your card for services like your phone, internet, cable TV, utilities, and even insurance premiums.
3. Solid 1% Cash Back on Everything Else: Don’t miss out on rewards for other purchases! For all other eligible purchases that don’t fall into the 2% accelerated categories, you’ll still earn a reliable 1% cash back.

4. Generous Welcome Offer: Kickstart your savings with a valuable welcome bonus! New cardholders can often get up to $60 cash back when they spend $1,000 in the first 3 months and set up a pre-authorized payment. 
5. Refer-a-Friend Bonus: Share the benefits and get rewarded! You can often earn an additional cash back bonus (e.g., $20 cash back) for each friend or family member you refer who applies for and is approved for a Laurentian Bank credit card.
6. Instant Virtual Card Access: Get spending sooner! When you apply online and are approved, you can often get access to a virtual card instantly, allowing you to start making online purchases right away, even before your physical card arrives.
7. Budgeting and Spending Management Tools: Create a budget and manage your spending by category with simple tools provided through Laurentian Bank’s digital services, helping you get notified when you’re approaching your set limits.
8. No Fee for Additional Cards: Share the benefits and consolidate spending by adding supplementary cardholders to your account at no additional annual fee.

Who Can Apply: Eligibility Criteria

The eligibility requirements for the Laurentian Bank Visa Cashback Card are generally accessible:

• Age of Majority: You must have reached the age of majority in your province or territory of residence.
• Canadian Resident: You must be a Canadian citizen or permanent resident.
• Good Credit Score: While no specific minimum score is officially published by Laurentian Bank, a “Good” credit score (generally considered to be 660 or higher) is typically recommended for a strong chance of approval.
• No Stated Minimum Income Requirement: Laurentian Bank does not typically state a specific minimum annual income for this card, making it accessible to a broader range of applicants.

How to Apply: Your Steps to Earning Cash Back

Applying for the Laurentian Bank Visa Cashback Card is primarily an online process:

1. Visit the Laurentian Bank Website: Go to the official Laurentian Bank Canada website.
2. Find the Credit Cards Section: Navigate to “Personal,” then “Credit Cards,” and select the “Laurentian Bank Visa* Cashback” card.
3. Review Card Details: Carefully read through the card’s features, the current welcome offer, cash back earn rates, insurance coverage, the $65 annual fee, and other terms and conditions.
4. Click “Apply Now”: Start the secure online application form.
5. Provide Your Information: Fill out the application with your personal details (name, date of birth, address, SIN, contact info) and financial information (employment, income).
6. Consent to a Credit Check: As part of the application, you must agree to allow Laurentian Bank to perform a credit check.
7. Review and Submit: Carefully check all entered information for accuracy before submitting.
8. Await a Decision: You may receive an instant online decision or notification that your application is under review. Laurentian Bank will notify you of the outcome.

Frequently Asked Questions (FAQ)

1. What is the annual fee for this card?
   The annual fee for the primary cardholder is $65.
2. How do I redeem my cash back?
   You can redeem your cash back (once you have at least $1 worth) towards your account balance or eligible net purchases through your Laurentian Bank online account.
3. Does this card offer travel insurance?
   The Laurentian Bank Visa Cashback card’s primary focus is on cash back rewards and purchase protections. It does not typically include comprehensive travel insurance like travel medical or trip cancellation. For those benefits, Laurentian Bank offers other cards like the Visa Infinite or Visa EXPLORE.
4. Is this card available to residents outside of Quebec?
   Yes, while Laurentian Bank has a strong presence in Quebec, their credit cards are generally available to residents across other Canadian provinces where they offer services.

CREDIT CARD

Laurentian Bank Visa Cashback

Cash back fraud protection

APPLY NOW You will be redirected