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Scotia Momentum® VISA Infinite* CardApply Now
- Network Provider
- Annual fee
- $120 $0 for the first year
- Purchase interest rate
- Cash advance rate
- Balance transfer rate
- Credit Needed
- Excellent (750-900)
- Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards.1 A welcome offer value of $350.†
- 4% on eligible recurring bill payments and grocery store purchases
- 2% on eligible gas station and daily transit purchases
- 1% cash back on all other eligible everyday purchases
- Complimentary Concierge Services 24/7
- Visa Infinite Dining Series
- Visa Infinite Music Series
- Wine Country Wonders
- Luxury Hotel Privileges
- Comprehensive Travel Insurance & New Mobile Device Insurance coverage
- Rates, fees and other information are effective as of Nov 1, 2020. Subject to change.
About This Card
The Scotia Momentum VISA Infinite card is a cash back rewards card that is available to those with an excellent credit score.
The Scotia Momentum VISA Infinite card offers cardholders 1% cash back on just about any purchase. In addition, 4% cash back can be made on bill payments and grocery purchases, while 2% cash back is awarded when you spend at gas stations and on taxis and ride-shares.
If you open an account by Feb. 28, 2021, you'll earn 10% cash back on all purchases up to a spend of $2,000. That's about $350 in cash back.
On top of that, you'll get the card's $120 annual fee waived for the first year.
Beyond the cash back incentives, Scotia Momentum VISA Infinite cardholders are also rewarded with exclusive experiences, including one-of-a-kind dining and entertainment adventures. Cardholders also have travel benefits.
The Scotia Momentum VISA Infinite card has a minimum credit limit of $5,000 and offers competitive interest rates at 20.99% on purchases, and 22.99% on cash advances.
Why get the Scotia Momentum VISA Infinite card?
$0 Annual fee for the first year - The annual $120 fee is waived for the first year. The annual fee of $50 for each supplementary card will also be waived.
Opportunities to earn cash back - There are plenty of opportunities to earn cash back on your purchases: 4% on bills and groceries; 2% on gas and transit, and 1% on everything else.
Strong reputation - The Scotia Momentum VISA Infinite card ranks among the most popular and highest reputed cash-back cards in Canada. It is trusted across the country for its built-in security features and reliable customer service.
Mobile device insurance - The Scotia Momentum Visa Infinite card offers insurance coverage for smartphones purchased with the card.
Exclusive dining and entertainment rewards - The Scotia Momentum VISA Infinite card offers cardholders exclusive dining and entertainment experiences. The Visa Infinite Music Series gives cardholders access to VIP music events. The Visa Infinite Dining Series allows foodies to dine with some of the biggest names in the culinary world, and experience food and wine in private settings. Additionally, the Wine Country Wonders offers wine tastings and tours of over 60 wineries in British Columbia and Ontario to members.
Read an in-depth review from someone who actually owns and uses it.
1 The 10% Cash Back and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotia Momentum® Visa Infinite* credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by February 28, 2021 and is subject to the below terms and conditions. All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer
10% Cash Back Offer Description and Conditions: You will earn 10% cash back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Offer End Date”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Offer End Date, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum Visa Infinite Cash Back Program Terms and Conditions (the “Program Terms”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
1. Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 7 months from the Account open date; and
2. Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program Terms.
The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. If you make $2,000 in eligible everyday purchases in the Groceries and Recurring Payments category, your cash back earnings will be credited to your Account as follows:
(1) the Cash Back Bonus earnings of $120 (6% x $2,000) will be credited to your Account within 7 months from the Account open date, and (2) the Regular Cash Back earnings of $80 (4% x $2,000) will be credited to your Account as per the regular cash back payment schedule (i.e., November).
Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only.
Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change.
†Based on a first year annual fee waiver of $120 for the primary card, $50 for one supplementary card, and a potential bonus cash back earning of at least $180 during the Offer period assuming a minimum spend of $2,000 at the lowest possible cash back earn rate under the Program of 1% (i.e., Cash Back Bonus Rate of 9% x $2,000). Actual value will vary based on number of supplementary cards issued for the Account and individual category spend in the first 3 months. See full Offer terms and conditions above.