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The Scotia Momentum® VISA Infinite* Card® is back with a particularly generous welcome offer, and it now features several major improvements as of February 2026. Between instant redemption starting at $25 and the addition of new 2% categories, this card ranks among the best cash back cards in Canada. You currently benefit from 15% cash back on all purchases for the first 3 months. To stay up to date on credit card news, subscribe to our newsletter.
With the Scotia Momentum® VISA Infinite* Card, you now earn these cash back rates (updated February 2026):
For example, if you spend $1,000 per month on groceries or recurring payments, you will earn $40 in cash back per month, or $480 per year, with this card for this purchase category alone. And that’s not counting other purchases you’ll make with this card and the benefits it offers, including its excellent travel insurance coverage.
If you are a tenant, please note that the rate applicable to rent payments depends on the category in which your issuer classifies it: many exclude rent and taxes from their accelerated categories. To go further, it may also be worthwhile to consult our comparison: CIBC Dividend® Visa Infinite* Card vs. Scotia Momentum® VISA Infinite* card.
Therefore, you only need to spend $2,000 on this card during the first 3 months to maximize this promotion. However, let’s look together at exactly how this 15% rebate works and why it is particularly interesting.
The 15% cash back applies to the first $2,000 in purchases charged to your card during the first 3 months. In fact, this rebate rate is divided into two parts:
Furthermore, thanks to the new redemption policy, you no longer have to wait until November to enjoy your normal rebate. However, the bonus rate cash back follows its own payment schedule announced by Scotiabank.
During the first 3 months, it is in your best interest to use your Scotia Momentum® VISA Infinite* Card® in 1% merchant categories—meaning outside of groceries, gas stations, transit, or food delivery. Indeed, this is where the 14% bonus has the most impact.
Here is a comparison table for $2,000 in purchases according to the merchant category:
Members of the Milesopedia Facebook group made a very relevant point. Indeed, by buying $2,000 worth of Shop Cards on the Costco.ca website (which accepts Visa cards, unlike the warehouses) with the Scotia Momentum® VISA Infinite* Card®, you maximize this sign-up bonus to the fullest.
It’s as if your first $2,000 in purchases at Costco earned you $300, or a 15% rebate.
For those who wish to use this card throughout the year, and not just for the 15% sign-up bonus, it is a very interesting card thanks to its enhanced accumulation rates in 2026:
Since it is a Visa card, you will have no difficulty using it at your favorite merchants. Additionally, you can enjoy rates as attractive as those offered by the Scotiabank Gold American Express® Card or the American Express Cobalt®® Card.
Are you a tenant? Thanks to Chexy, it is possible to pay your rent by credit card. This Canadian company takes the payment from your card and then handles the monthly Interac e-transfer sent to your landlords. However, the cash back rate you earn depends on the category your issuer assigns to this payment.
This way you :
When the expense is processed at the regular purchase rate rather than the enhanced rate, the service fees may be enough to cancel out the gain. This is the calculation to redo before building a strategy on this type of payment.
Since February 1st, 2026, Scotiabank has made two major changes to all its Momentum cards. First, instant redemption starting at $25 replaces the annual wait until November. Thus, you can redeem your rewards whenever you like via the Scotia app or Scotia OnLine. Second, several categories have been added or enhanced across the entire range. For other recent improvements, also read Scotia Visa Infinite+: Free GigSky Data and 2026 Updates.
With its enhanced welcome offer and 2026 updates, the 15% cash back and First Year Free with the Scotia Momentum® VISA Infinite* Card is more attractive than ever. By applying now, you benefit from both:
Afterwards, you are free to keep this credit card in your wallet for an additional year or opt for another cash back credit card. To compare all options on the market, visit our page of the best credit cards in Canada.
Savings are this way:
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