Scotia Momentum Visa Infinite Card review

Our verdict

Our verdict

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. You'll earn a welcome bonus, high cashback on every dollar spent and enjoy travel insurance coverage.

Best for: Those looking for a top cash back return on everyday purchases.

Pros

• Earn a 10% cash back welcome bonus
• Earn up to 10% cashback on every $1 spent
• Travel insurance coverage

Cons

• You'll need to earn $60,000 a year to be eligible for the card
• This card comes with an annual fee of $120

Apply now

Purchase Interest Rate

20.99%

Cash Advance Rate

22.99%

Balance Transfer Rate

22.99%

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Scotia Momentum Visa Infinite Card

Learn more on Scotiabank's secure site

Apply now

The basics

• Welcome offer. Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2023.
• High return. Earn 4% cash back for every $1 spent on eligible grocery purchases & recurring bill payments, 2% per $1 spent on eligible gas purchases & public transit, and 1% per $1 spent 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 $1,000,000 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.
• 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.

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.

Scotia Momentum Visa Infinite Card interest rates

What should I know before I apply

• Eligibility requirements

  Application criteria:

  • Be a Canadian citizen or permanent resident
  • Age of majority in province/territory of residence
  • Have an annual gross income of at least $60,000 (or a household income of $100,000).

• Required documents and information

  • Your name, residential status and contact information.
  • Your social insurance number and date of birth.
  • Your email address and phone number.

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 a high rate of cash back rewards on daily purchases like groceries, recurring payments and gas. 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

• How do I check my points balance with the Does Scotia Momentum Visa Infinite Card?

  Log in to your account on Scotiabank and navigate to the rewards page. You will be able to see your points balance once on this page.

• Does Scotia Momentum Visa Infinite Card have a welcome offer?

  Yes, depending on when you signup. Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2023.

Pictures: scotiabank.com/ca