Scotia Momentum® VISA Infinite Credit Card possibly is the best cash back Credit Card you can find today. This Credit Card by Scotiabank, one of Canada’s biggest organizations offers solid 4% cash back on gas and grocery purchases. Furthermore, you can enjoy 2% cash back on recurring payments and drug store bills and all other eligible categories have cash back of 1%.
An important thing to remember at this point is that Scotia Momentum® VISA Infinite Credit Card comes with an annual fee. Yes, you do have to spend $99 every year to enjoy all the benefits this Credit Card gives you, but this isn’t a bad deal.
Being a Scotia Momentum® VISA Infinite Credit Cardholder, you can get additional Scotia credit Credit Card protection by paying a small fee depending on the average daily balance of your credit Credit Card account.
As stated earlier, all purchases you make on your Scotia Momentum® VISA Infinite Credit Card are protected from accidental loss or damage. In addition, when you pay for your favorite items in full using your Scotia Momentum® VISA Infinite Credit Card, you get purchase security as well as extended warranty insurance.
The good thing about extended warranty insurance you get with Scotia Momentum® VISA Infinite Credit Card is that you can double the period of repair services up to a maximum of 12 months.
The least favorite things about Scotia Momentum® VISA Infinite Credit Card include the annual interest rate of 19.99%. Remember that the 21.99% rate you have to pay for cash advances and balance transfers is a bit on the higher side, but it is not an issue as long as you are punctual and make your payments in full by the due date.
You can also make the most of the interest-free 21 day grace period to avoid paying hefty interests.
The annual fee associated with Scotia Momentum® VISA Infinite Credit Card is another downside. Paying $99 annually isn’t the best feeling in the world; however, you would enjoy earning exciting cash back on basic spending.
Yes, you have read it right. All new accounts opened by April 30, 2017 will get 5% cash back on all purchases up to $3,000. Once you reach $3,000, you will then earn cash back at regular rates i.e. 4% for grocery and gas and 2% for recurring payments and drugstore purchases.
Presently Scotia Momentum® VISA Infinite Credit Card has one of the best cash back rates on gas and groceries. The good thing is that the 4% cash back is here to stay. Yes, you can earn rewards at the rate of 4% for every dollar spent on gas and grocery bulls until you reach the $25,000 annual limit.
Another important thing is that Scotia Momentum® VISA Infinite Credit Card has a separate cap of $25,000 for recurring bills and drugstore purchases. This can translate into really huge savings if you consider that you can move your phone bills, your gym membership, your TV subscription as well as every other monthly payment that gets billed to your Scotia Momentum® VISA Infinite Credit Card.
Recurring payments as defined by Scotiabank include monthly payments billed to your Scotia Momentum® VISA Infinite Credit Card. These payments include insurance, memberships, subscriptions and telecommunication purchases.
All other eligible purchases give you 1% cash back which is quite good as well.
If you want to earn top rewards for your basic spending then Scotia Momentum® VISA Infinite Credit Card is the best Credit Card for you. Since you have to spend money on grocery, gas and recurring bills, you can switch to Scotia Momentum® VISA Infinite Credit Card and save money right from the start.
When you add the 4% cash back from gas and grocery with 2% cash back from the drugstore and recurring bills along with 1% cash back on other eligible categories, you would see that the $99 annual fee you pay is nothing compared to the amazing benefits you get. So what are you waiting for? Apply for Scotia Momentum® VISA Infinite Credit Card today to enjoy these amazing rewards.
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