How to Apply for the Laurentian Bank Visa Infinite
The Laurentian Bank Visa Infinite is a premium credit card for Canadians who meet income requirements and want a combination of rewards, insurance, and Visa Infinite privileges. This guide explains who should apply, eligibility requirements, application steps, how to cancel, and answers to common questions.
Who Is This Card For?
The Laurentian Bank Visa Infinite is best suited for:
Professionals with stable income
Families who value insurance protection
Travelers who want Visa Infinite benefits
Users who want a balanced premium card
People who pay their balance in full monthly
Less Suitable For:
Individuals seeking no annual fee cards
Users without sufficient income
People focused solely on travel rewards transfers
How to Apply
1. Gather Required Information
Applicants should prepare:
Full legal name
Date of birth
Contact details
Employment information
Annual income
Housing information
Social Insurance Number (optional)
2. Check Eligibility Requirements
To qualify, applicants must meet:
Age Requirement:
Age of majority in province or territory
Income Requirement:
Minimum $60,000 personal income or
$100,000 household income
Credit Score:
Good to excellent credit recommended
Residency:
Must be a Canadian resident
3. Submit the Application
Applications can be submitted online, by phone, or in-branch.
During the process:
Identity verification is performed
A credit check is completed
Most applications take under 10 minutes
4. Approval Process
Applicants may receive:
Instant approval
Conditional approval requiring documentation
Manual review
Supporting documents may include proof of income or identification.
5. Start Using the Card
Once approved:
A digital card may be available
Online and contactless purchases can begin
The physical card is mailed within days
Tips to Maximize Value
Use the Card for Travel and Insurance Coverage
Pay for flights, hotels, and rentals to activate insurance benefits.
Combine Everyday and Lifestyle Spending
Use the card for groceries, dining, and recurring bills to accumulate rewards faster.
Redeem Rewards Strategically
Apply rewards toward statement credits or travel expenses with higher value.
Pay Balances in Full
Avoid interest charges to preserve rewards value.
How to Cancel
1. Clear Outstanding Balance
Ensure all transactions have posted and the balance is zero.
2. Redeem Remaining Rewards
Use rewards before closing the account.
3. Contact Laurentian Bank
Cancellation can be completed via:
Customer service phone support
In-branch request
Request confirmation of closure.
FAQ
Q: What is the annual fee?
A: Typically around $120.
Q: Is there an income requirement?
A: Yes, Visa Infinite income thresholds apply.
Q: Does the card include travel insurance?
A: Yes, a full Visa Infinite insurance package is included.
Q: Are foreign transaction fees charged?
A: Yes, standard foreign exchange fees apply.
Q: Can authorized users be added?
A: Yes, additional cardholder fees may apply.
Q: Do rewards expire?
A: Rewards generally do not expire while the account remains open.
Important Notes
The card offers balanced premium value
Best suited for financially stable users
Not intended for balance carrying
Conclusion
The Laurentian Bank Visa Infinite is a reliable premium credit card that combines everyday rewards, travel protections, and Visa Infinite privileges. While it does not target extreme rewards enthusiasts, it excels in delivering consistent value, strong insurance, and practical benefits.
For Canadians seeking a straightforward and dependable Visa Infinite card, it is a strong option worth considering.