Scotia Momentum® Visa Infinite* card | $200 Cash Back | Milesopedia

Scotia Momentum® VISA Infinite* Card

Scotia Momentum® VISA Infinite* Card
Welcome Bonus
Up to $200 cash back
Ends Apr 30, 2023
Annual Fee
$120
First Year Annual Fee Rebate (terms apply)
  • 4% cash back on groceries
  • Visa Infinite Benefits
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
22.99 %
Balance Transfer Rates
22.99 %

Offer

  • SPECIAL OFFER Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends 30 April 2023.
  • Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
  • Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
  • Earn 1% cash back on all other purchases with no cash back limit.

Fees & Conditions

Personal Income $60,000
Household Income $100,000
Annual Fee $120
First Year Annual Fee Rebate
First Additional Card $50
First Year Annual Fee Rebate - First Additional Card
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Apr 30, 2023
Welcome Bonus amount Up to $200 cash back
Minimum Spending Required $2,000
Minimum Spending Timeframe (Months) 3 month(s)
Concierge

Earnings

Per dollar of purchases

All Spending 1 %
Groceries 4 %
Gas 2 %
Dining and Food delivery 1 %
Convenience Stores 1 %
Drugstores 1 %
Local Transport 2 %
Travel 1 %
Entertainment 1 %
Recurring Payments 4 %
Telecom/Internet 4 %
Streaming services 1 %
Online transactions 1 %
Office Supplies 1 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$1,000,000
15 day(s)
Travel medical insurance up to 64 years old
$1,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
$500
90 day(s)
Mobile Device Insurance
Price Protection

Our review

The Scotia Momentum® VISA Infinite* Card is recognized year after year as one of the best cash back credit cards in Canada.

Currently, there is no annual fee in the first year, including on additional cards. And you can earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases).

With the Scotia Momentum® VISA Infinite* card, you get:

  • 4% on groceries and recurring payments
  • 2% on gas and daily transit
  • 1% on all other purchases

The Scotia Momentum® VISA Infinite* card is an excellent Visa credit card for cash back rewards.

And its insurance benefits are excellent!

Frequently Asked Questions

Alternative Cards

  • 5% cash back on groceries
  • 3% cash back on gas
  • Accepted at Costco
  • Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
  • Earn more cash back on the categories that mean the most:
    • 5% on groceries*
    • 4% on transit including ride sharing, taxis and public transportation*
    • 3% on gas and electric vehicle charging*
    • 2% on recurring bill payments like your monthly phone bill or favourite streaming service*
    • 1% unlimited cashback on all other purchases*
  • Get the highest cash back earn rate on groceries in Canada.*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*.
  • Complimentary Roadside Assistance Program*
  • Extended Warranty Plus*
  • Purchase Protection Plus*
  • BMO CashBack World Elite Travel and Medical Protection*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Legal

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information *Terms and conditions apply †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of June 1, 2022

Annual Fee
  • Primary card $120
  • Additional card $50
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 23.99 %
  • Balance Transfer Rates
Earning Rate
  • Groceries5%
  • Local Transport4%
  • Gas3%
Value
  • Year 1 $920
  • Year 2+ $420
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
8 day(s)
Travel medical insurance up to 64 years old
$2,000,000
8 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$200
Lost/Stolen Baggage Insurance
$750
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
CIBC Dividend® Visa Infinite* Card
Up to $250 cash back
First year value : $881
Best of December 2022
  • 4% cash back on groceries and gas
  • Purchase Insurance
  • Visa Infinite Benefits

Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $250!†

After that, get 4% cash back on eligible gas and grocery purchases.†

  • 2% cash back on eligible transportation, dining purchases and recurring payments†
  • 1% cash back on all other purchases†
  • Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†

Save on gas with CIBC and Journie Rewards

Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to automatically save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†

This is a digital-exclusive offer.† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.†

Legal

†Conditions Apply

Annual Fee
  • Primary card $120
  • Additional card $30
Annual Income Required
  • Individual $60,000
  • Household $100,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.99 %
    21.99 % (QC)
  • Balance Transfer Rates 22.99 %
    21.99 % (QC)
Earning Rate
  • Groceries4%
  • Gas4%
  • Dining and Food delivery2%
Value
  • Year 1 $881
  • Year 2+ $391
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
10 day(s)
Travel medical insurance up to 64 years old
$5,000,000
10 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • 3% cash back on groceries and gas
  • Premium Insurance
  • Visa Infinite Benefits

Apply online by May 28, 2023 and earn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000.

  • After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months.
  • Plus, no Annual Fee for the first year for the Primary and Additional Cardholders.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening.

  • Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases, and on regularly recurring bill payments set up on your account
  • Earn 1% Cash Back Dollars on all other Purchases made with your Card
  • Earn Cash Back Dollars on every eligible purchase.
  • Redeem your Cash Back Dollars to help pay down your Account balance whenever you please – the choice is yours!
  • Your Cash Back Dollars never expire as long as your account is open and in good standing
  • Emergency Road Services with Deluxe TD Auto Club Membership
  • Complimentary Visa Infinite* Concierge service available 24/7
  • Mobile Device Insurance
Legal

Terms and conditions apply.

Annual Fee
  • Primary card $139
  • Additional card $50
Annual Income Required
  • Individual $60,000
  • Household $100,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 20.99 %
  • Balance Transfer Rates 20.99 %
Earning Rate
  • Groceries3%
  • Gas3%
  • Recurring Payments3%
Value
  • Year 1 $829
  • Year 2+ $341
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
10 day(s)
Travel medical insurance up to 64 years old
$2,000,000
10 day(s)
Travel medical insurance 65+
$2,000,000
4 day(s)
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
$1,000
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
4 Milesopedia Rating