Scotia Momentum® VISA Infinite* Card

Scotia Momentum® VISA Infinite* Card

One of the best cash back Visa credit cards in Canada. Earn up to 4% cash back on your everyday purchases.

No annual fee for the first year with this welcome offer.

Welcome Bonus

Up to 200 $ cash back Ends Feb 28, 2022

Best For

Value
Year 1

$848

Years 2 and +

$408

Annual Fee

$120

First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

Your Monthly Spending

Offer

Offer
  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).1
  • No annual fee in the first year, including on supplementary cards.1
  • Get a 2.99% introductory interest rate on purchases and balance transfers for the first 6 months (20.99% on purchases/22.99% on cash advances including balance transfers after that; annual fee $120)1
  • 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 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 Mar 1, 2021. Subject to change.

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 19.99%
Cash Advance Rates 22.99%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First Year Annual Fee Rebate
-
First-Year Offer Value
Accumulated rewards
Annual fee
Net value
Value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)

Advantages

Offer ends on Feb 28, 2022
Welcome Bonus Up to $200 cash back
Minimum Spending Required $2,000
Minimum Spending Timeframe 90 day(s)
Concierge

Earnings

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

Insurance

Common Carrier Travel Accident Insurance Amount $500,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $500
Trip Interruption Insurance Amount Per Person $2,000
Travel medical insurance up to 64 years old
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $65,000
Purchase Protection - Amount $500
Purchase Protection - Duration 90 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year
4 Milesopedia Rating