The Laurentian Bank Visa Infinite Card recently received a makeover, in partnership with Brim Financial. With flexible points that can be redeemed as a general statement credit or against purchases, this refreshed card is definitely worth a closer look.

Bonuses & Fees

The Laurentian Bank Visa Infinite Card currently does not come with a welcome bonus.

The card has an annual fee of $130.

There is a $50 fee for each authorized user added to your account, but you'll receive a rebate on two additional users in the first year.

Earning Rewards

The card's standard earning rate is as follows:

• Earn 2 points per dollar spent (equivalent to 2% cash back) on gas, groceries, travel, transportation, and recurring bills
• Earn 1 point per dollar spent (equivalent to 1% cash back) on everything else

This isn't necessarily the most competitive earning structure out there, but if cash back is your goal, then you'll enjoy acceptance almost everywhere as a Visa product.

Redeeming Rewards

When it comes time to redeem, the points are worth 1 cent each, and can be used to offset purchases as a statement credit at a rate of 100 points = $1 statement credit. You can also have the partial or full amount of the points balance applied against specific purchases made on your card. With the ability to redeem points to offset purchases made on the card or to have it applied as a general statement credit, you shouldn't have any difficulties making use of your points. Flexible points like these can be useful for covering travel expenses that are usually difficult to book with points, such as independent hotels, cruises, or car rentals.

Perks & Benefits

The card’s other features are fairly standard for a Visa Infinite product, including access to the Visa Infinite Concierge service and the Visa Infinite Luxury Hotel Collection. Laurentian partnered with Brim Financial with this card, and you'll enjoy some of Brim's standard features. If you’re approved for the card, you’ll immediately have access to a virtual credit card. This way, you can start chugging away at the minimum spending requirement without having to wait for the card to arrive in the mail. As with any other Brim-backed card, you can earn up to 30% extra points when you use Laurentian Bank’s eShop portal.

Insurance Coverage

The insurance coverage on the card is OK, but not great, and includes the following:

• Up to $5,000,000 in out-of-province coverage for you and your family for 31 days (aged 65 and under) or for 15 days (aged 66–75)
• Up to $2,000 per person in case of trip cancellation and $5,000 in case of trip interruption
• Up to $2,500 per family for delayed baggage
• Up to 48 days for car rental coverage

Noticeably absent from the insurance inclusions is flight delay insurance, lost/stolen baggage insurance, and hotel/motel burglary insurance, which is odd for a travel rewards card.