Sign-Up Bonus$99 First year annual fee waived†
Choose one of the $50 Gift Cards Below
$99 First year annual fee waived†
Balance Transfer:2.99% for 6 mnths
Minimum Credit Score Needed:Good (690-719)
Credit Card Issuer:Scotiabank
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Cash-back credit cards repay a small proportion of purchases you make on your card. However, it’s high time cash-back rewards to get our proper attention. Depending on which card you’ll choose and how much you spend, cash-back rewards may be a perfect way to help you save for your dream vacation or pay for groceries.
Scotia Momentum VISA Infinite is a high-earning cash-back credit card that maximizes the cash return from a credit card. It’s a solid cash back card from Scotiabank, one of Canada's biggest banks. This is one of the best cash-back cards in Canada. The ideal annual fee is $99. However, for the accounts opened by 30th of June 2018, there’s no annual fee for the first year.
This credit card offers great returns on household spending. If you spent $25,000 on grocery and gas, with Scotia Momentum VISA Infinite you’ll get 4% cash back. In addition, you’ll get 2% cash back on recurrent bill payments and for every dollar spent at pharmacies. And for the other purchases, you’ll get 1% cash back.
Scotia Momentum VISA Infinite comes with luxurious possibilities that can make better your travel experience. It includes purchase guarantee, extended warranty, and no liability. It also comes with insurance benefits as accidents, stolen or lost baggage, trip interruption, and loss insurance for a rented car.
To be qualified for this credit card, people must have a household income of $100,000 or an income of $60,000 annually. The interest rate is 22.99% on balance transfers and cash advances; and 19.99% for purchases.
Scotia Momentum VISA Infinite is the perfect credit card for families and couples who spend big on groceries, gas, recurring bills, and pharmacies. And if you want to find the best deals and sites, use our site comparemyrates.ca.
$50 Cashback upon Approval from CompareMyRates.ca
Yes, you read it right. For all new accounts opened by July 31, 2017
Presently Scotia Momentum® VISA Infinite Card offers 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 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 Card.
Recurring payments as defined by Scotiabank include monthly payments billed to your Scotia Momentum® VISA Infinite 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.
Earn cash back on everyday spending
*Conditions Apply. Please refer to Card issuer website for complete details.
For all new accounts opened by July 31, 2017
No Annual Fee
Balance Transfer: 16.99%
Cash Advance: 16.99%
Sign-up BonusBalance Transfer: 3.99% for the first 6 months*
No Annual Fee
Balance Transfer: 1.95% of amount transferred**
Cash Advance: 19.95%
Sign-up Bonus1.95% Balance Transfer & Earn 2% Money-Back Rewards on purchases
Balance Transfer: 22.99%
Cash Advance: 22.99%
Sign-up BonusReceive 15,000 bonus More Rewards points when you make your first purchase in 90 days*