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Scotia Momentum® VISA* Infinite card

Interest Rate19.99%

Annual FeeFirst Year Free

Sign-Up Bonus

4% cash back on gas + groceries

Choose one of the $50 Gift Cards Below

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Scotia Momentum® VISA* Infinite card

Last Updated: 01 Mar 2016




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Interest Rate

19.99%

Annual Fee

First Year Free

Sign-Up Bonus

4% cash back on gas + groceries

Balance Transfer:

22.99%

Cash Advance:

22.99%

Minimum Credit Score Needed:

Good (690-719)

Credit Card Issuer:

Scotiabank

Network:

Visa
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Scotia Momentum VISA Infinite Review
4.5 / 5 Reviewer
Pros
  • Initial annual fee waived for the primary and supplementary cards
  • You get rewarded for paying your bills on time
  • Extended Warranty & Purchase Security
  • Travel Insurance
  • Guaranteed the best available rate at luxury hotels
Cons
  • High annual income requirement
  • The waiting period until cash back rewards are refunded is one year
  • If you don’t pay your balance in full at the end of the month, you’ll be charged interest on your buys that can outweigh the rewards you earned
Summary

Scotia Momentum VISA Infinite Review - CompareMyRates

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.

Editors Rating
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$50 Cashback upon Approval from CompareMyRates.ca

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Scotia Momentum® VISA* Infinite card.  

$0 for the first year†

Great reasons to get this card for your everyday purchases:

  • Earn 4% cash back on gas and grocery purchases
  • Earn 2% cash back on drug store purchases and recurring bill payments
  • Plus earn 1% unlimited cash back on all other eligible purchases

Limited Time Offer – $0s for the first year

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

  • 4% on eligible gas station and  grocery store purchases
  • 2% on drug store purchases and recurring bills
  • 1% cash back on all other eligible purchases
  • VISA Infinite Complimentary Concierge Service – available 24/7
  • Access to VISA Infinite Luxury Hotel Collection
  • VISA Infinite Dining Series – Unique dining experiences in some of Canada’s top restaurants
  • Special access to unique offers and experiences
  • Rental car collision insurance
  • Purchase security and extended warranty protection

Fine Print:

*Conditions Apply. Please refer to Card issuer website for complete details.

For all new accounts opened by July 31, 2017

Related Plans & Offers

Interest Rate

16.99%

Annual Fee

No Annual Fee

Balance Transfer: 16.99%

Cash Advance: 16.99%

Sign-up Bonus

3.99% Introductory interest rate on Balance Transfers for the first six months†

Interest Rate

19.95%

Annual Fee

No Annual Fee

Balance Transfer: 1.95% of amount transferred**

Cash Advance: 19.95%

Sign-up Bonus

1.95% Balance Transfer & Earn 2% Money-Back Rewards on purchases

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Receive 15,000 bonus More Rewards points when you make your first purchase in 90 days*
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