Scotia Momentum Visa Infinite Card Review

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Get a top cashback return on your everyday purchases with Scotia Momentum Visa Infinite Card.

The Scotia Momentum Visa Infinite Card can earn a whopping 4% cash back on groceries and recurring bill payments, 2% on gas and public transit and 1% on all other eligible purchases.

20.99%

Purchase Interest Rate

$0 annual fee for the first year ($120 thereafter)

Annual Fee

22.99%

Balance Transfer Rate

Details

Product NameScotia Momentum Visa Infinite Card
RewardEarn 4% cash back per $1 spent on groceries & recurring bill payments, 2% per $1 spent on gas & public transit and 1% per $1 spent on all other spend.
Welcome OfferFirst year annual fee waived for new cardholders. Ends December 30, 2019.

Purchase Interest Rate20.99%
Cash Advance Rate22.99%
Balance Transfer Rate22.99%
Interest Free Period Up to 21 days
Minimum Credit Limit$5,000
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More Info

30-second take

  • Get this card if you want an annual fee card that offers up to 4% cash back on daily purchases.
  • Choose something else if you’re looking for a targeted rewards program or a fee-free card.
  • You must have a minimum annual income of $60,000 to qualify for this card.

The basics

If you would like to maximize your return on everyday purchases like gas and groceries then you might be interested in checking out the Scotia Momentum Visa Infinite Card, winner of the 2018 MoneySense Award for best cashback rewards card.

  • High return. Earn 4% cash back on groceries and recurring bill payments, 2% on gas and public transit and 1% on all other eligible purchases.
  • Promotional offers. Access one-of-a-kind dining and entertainment exclusives for Visa Infinite card holders.
  • Shopping coverage. Get extended warranty and insurance coverage on products purchased with your Scotia Momentum Visa Infinite Card.
  • Travel insurance. Make use of a wide suite of travel insurance to cover lost or stolen luggage, car rental and theft, flight delays, baggage delays and many other incidentals. This comes on top of $500,000 Travel Accident Insurance.

The perks

  • Quick pay. Tap your Scotia Momentum Visa Infinite Card or your smartphone for quick easy payments Visa payWave. You can also make secure payments through Apple Pay.
  • Recurring payments. Get 2% cash back on regular payments including subscriptions, internet and cell phone bills, car insurance, gym memberships and other payments.
  • Save on car rentals. Book with AVIS and Budget car rental locations in Canada and the U.S. and save up to 25% when you pay with your Scotia Momentum Visa Infinite Card.
  • World class service. Contact customer service 24/7 to report issues with your account and troubleshoot problems by speaking directly to an agent.

Comprehensive Insurance Package

The Scotia Momentum Visa Infinite Card also offers extended purchase and travel insurance:

  • Purchase security and extended warranty insurance. Get extended warranty and insurance coverage to cover theft, loss or damage on most items purchased with your card. Covered in the first 90 days from date of purchase.
  • Travel insurance. Make use of a wide suite of travel insurance to cover car rentals, flight cancellations/interruptions, baggage delays or lost luggage and other incidentals. This comes on top of $1 million in Travel Emergency Medical Insurance and $500,000 in travel accident insurance.
  • Optional insurance coverage. Pay $1.09 per $100 of average daily balance on your credit card and receive financial protection from a range of life events, including disability, job loss, critical illness and loss of life.
  • New mobile device insurance. Up to $1,000 coverage in the event of loss, stolen or accidentally damaged.

What to watch out for

  • High minimum balance. The minimum credit limit available is $5,000.
  • High minimum annual income. You must have a minimum annual income of $60,000 or a minimum household income of $100,000 to qualify for this card.
  • Expensive annual fee. Pay $120 per year to maintain your Scotia Momentum Visa Infinite Card.
  • Additional charge for extra cards. Pay $50 for each additional card on your account.

What do other customers say?

Many customers appreciate the perks and benefits on offer from the Scotia Momentum Visa Infinite Card. This card won the MoneySense Award for best cashback rewards card in 2018, with a 4% return on groceries and recurring bill payments, 2% on gas and public transit and 1% on everything else. Many cardholders have taken advantage of the first year annual fee waiver as a welcome bonus for this card, and most feel their cashback rewards more than make up for the $99 fee thereafter. One downfall of the Scotia Momentum Visa Infinite Card is that customers need to have a high minimum annual income to qualify for this card.

What should I know before I apply

How to apply

  1. Click Go to site on this page to be securely directed to your Scotia Momentum Visa Infinite Card application.
  2. Read through the Disclosure Statement details and click Accept & Continue.
  3. Complete the application with details that include your name, email address, social insurance number and birth date.
  4. Review and submit your application.

Bottom line

The Scotia Momentum Visa Infinite Card offers a full suite of perks and benefits in return for a relatively low $120 annual fee. This card boasts 4% cashback rewards on daily purchases like groceries, recurring payments, and subscriptions, which is higher than most cashback cards on the market. Visa Infinite customers also get exclusive entertainment and dining deals in addition to comprehensive travel insurance coverage.

If your income doesn’t reach the $60,000 per year threshold, you might like to check out the Scotia Momentum Visa Card or the Scotia Momentum No-Fee Visa Card to qualify for similar benefits.

Frequently asked questions about the Scotia Momentum Visa Infinite Card

Pictures: scotiabank.com/ca

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