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How to optimize the cash back rate of the Scotia Momentum Visa Infinite card

8 min read
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How to optimize the cash back rate of the Scotia Momentum Visa Infinite card
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The Scotia Momentum® Visa Infinite+* Card is back with a particularly generous welcome offer, and it now comes with several major improvements introduced in February 2026. Between the instant cash back from $25 and the addition of new 2% categories, this card ranks among the best cash back credit cards in Canada. You currently get 15% cash back on all purchases during the first 3 months. To stay on top of credit card news, subscribe to our newsletter.

Welcome Offer

Carte Visa Infinite +* Momentum ScotiaMD

La Carte Visa Infinite +* Momentum ScotiaMD est reconnue, année après année, comme l’une des meilleures cartes de crédit offrant des remises en argent au Canada. Milesopedia l’a d’ailleurs élue meilleure carte de crédit remise en argent en 2026.

Actuellement, grâce à cette offre promotionnelle, la Carte Visa Infinite+ Momentum Scotia est sans frais annuels la première année, y compris sur les cartes supplémentaires. Et vous pouvez obtenir 15 % de remise en argent sur tous vos achats pendant les trois premiers mois (jusqu’à 2 000 $ d’achats au total).

Elle inclut également un nouvel avantage pratique pour les voyageurs : profitez de 10 Go de données mobiles mondiales GigSky gratuites pendant 15 jours, ainsi que de l’accès à Travel Essentials pour utiliser des applications essentielles comme la messagerie, les cartes et le courriel lors de vos déplacements. Les titulaires continuent aussi de recevoir 1 Go de données mobiles GigSky gratuites par an, en plus d’un rabais de 20 % sur les futurs achats GigSky.

Avec la Carte Visa Infinite+ Momentum Scotia, vous obtenez :

  • 4 % de remise en argent sur les achats dans les épiceries et sur les paiements périodiques
  • 2 % de remise en argent sur les achats d’essence, les transports en commun, le covoiturage et la livraison de nourriture
  • 1 % de remise en argent sur tous les autres achats

Par exemple, si vous dépensez 1 000 $ par mois pour des achats d’épicerie et/ou des paiements périodiques, vous obtiendrez 40 $ de remise en argent par mois, soit 480 $ par an, avec cette carte, pour cette catégorie d’achats. Et ce, sans compter les autres achats que vous effectuerez avec cette carte et les avantages qu’elle offre (notamment ses excellentes couvertures d’assurance).

Si vous êtes locataire, vous pourriez par exemple utiliser la Carte Visa Infinite Momentum Scotia sur le site de Chexy pour payer votre loyer et obtenir 4 % de remise en argent.

Sachez également que vous pouvez utiliser votre remise en argent en tout temps (le solde de la remise doit être d’au moins 25 $).

Scotia Momentum® Visa Infinite +* Card

ScotiabankCash BackFirst-Year Annual Fee Rebate
Annual fee
$0 $120
No annual fee the first year
Our valuation
$420
Milesopedia first-year estimateFirst-year valueWelcome bonus$300Annual fee rebated$120Total$420Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $300
+ First Year Annual Fee Rebate
Ends Nov 1, 2026
Apply Now

on Scotiabank's website

The Scotia Momentum® VISA Infinite*+ card is recognized, year after year, as one of the best cash back credit cards in Canada. Milesopedia has even named it best cash back credit card in 2026.

Currently, thanks to this promotional offer, the Scotia Momentum Visa Infinite+ Card has no annual fee for the first year, including on additional cards. And you can get 15% cash back on all your purchases for the first three months (up to $2,000 in total purchases).

It also includes a new convenient benefit for travellers: enjoy 10 GB of free GigSky global mobile data for 15 days, as well as access to Travel Essentials to use essential apps like messaging, maps, and email while on the go. Cardholders also continue to receive 1 GB of free GigSky mobile data per year, plus a 20% discount on future GigSky purchases.

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

  • 4% cash back on grocery purchases and recurring payments
  • 2% cash back on gas purchases, public transit, carpooling, and food delivery
  • 1% cash back on all other purchases

For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will get $40 cash back per month, or $480 per year, with this card, for this purchase category. And that’s not counting the other purchases you make with this card and the benefits it offers (including its excellent insurance coverage).

Also note that you can use your cash back at any time (the cash back balance must be at least $25).

Legal

1 Offer Terms and Description: The 15% cash back, 0% introductory balance transfer rate, and first-year annual fee waiver offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite+ credit card accounts (the “Accounts”) opened, and any additional cards issued, between July 2, 2026, and November 1, 2026 (regardless of the date you apply for the Account), subject to the terms and conditions set out below. We will waive the initial annual fees, for the first year only, for the primary card and for each additional card. The Offer may be changed, cancelled, or extended at any time, without notice, and cannot be combined with any other offer.

Description and Terms of the 15% Cash Back Offer: You will receive 15% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following its opening date (the “Promotional Period”). Eligible purchases mean purchases, minus refunds, returns, and any similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, and card and other fees. After the Promotional Period, you will earn the usual cash back on your purchases, at the regular rate (the “Program Cash Back Rate”) described in the Scotia Momentum Visa Infinite+ cash back program terms (the “Program Terms”). The 15% cash back rate for each category is the sum of the regular cash back rate (which varies by category) and the bonus cash back rate that varies during the Program Cash Back Rate (the “cash back rate”).

The cash back earned under this offer will be credited to your Account, provided it is open and in good standing on the cash back payment date.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be credited to your Account approximately 5 months following its opening date, or otherwise, in accordance with the Program Terms.
2. Regular Cash Back Rate: Cash back earned at the Program Regular Cash Back Rate may be used as described in the Program cash back.

EXAMPLE: If the Program Regular Cash Back Rate for grocery purchases and recurring payments is 4%, the Bonus Cash Back Rate will then be 11% for that purchase category, so that all eligible everyday purchases in this category will qualify for a total cash back of 15% during the Promotional Period, on the first $2,000 in purchases. If you make eligible everyday purchases at grocery stores and recurring payments totalling $2,000, the cash back credited to your Account for this category will be calculated as follows:
(1) a Bonus Cash Back of $220 (11% x $2,000), credited as an adjustment on your statement, and (2) the Regular Cash Back of $80 (4% x $2,000), which will appear on your monthly statements as it is earned.

All other program terms continue to apply during the Offer period.

Description and Terms of the 0% Introductory Balance Transfer Offer: The 0% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the conditions below. This introductory rate applies for 12 months from this date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances covered by the 0% promotional rate (including any outstanding balance of such cash advances at the end of the Promotional Period) will revert to the preferred interest rate applicable to cash advances (currently 22.99%). A fee corresponding to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).

The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.

Cancellation of the promotional rate: If we do not receive your minimum payment by its due date shown on your statement twice in a row, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances).

Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.

Description and Terms of the Annual Fee Waiver Offer: We will waive the annual fees, for the first year only, for the primary card and for each additional card issued between July 2, 2026, and November 1, 2026.

Eligibility and Exclusions: You are not eligible for this Offer if you are currently a primary or secondary holder of a Scotiabank personal credit card or have been within the last two years, including if you transfer your balance from a Scotiabank personal credit card account and if you are a Scotiabank employee. Subject to the exclusions mentioned above, holders of a Scotiabank small business credit card are eligible for this Offer. By accepting this Offer, you confirm that you meet all eligibility requirements. We reserve the right to revoke this Offer at any time if we determine that you do not meet the eligibility requirements, including after its acceptance or the opening of the Account.

Rates and Fees: The current annual fees are $120 for the primary card and $50 for each additional card (including those issued for co-account holders and additional cardholders). The current preferred annual interest rates applicable to the Account are: 20.99% on purchases and 22.99% on cash advances. Rates, fees, features, and benefits, which are described in the application disclosure, may be changed.

Annual fee

Primary card$120
Additional card$50

Annual income required

Individual$60,000
Household$100,000

Conversion fees

2.5%

Earning rate

  • 4xGroceries
  • 4xBills & recurring payments
  • 4xTelecom
  • 2xGas & EV
  • 2xTransit
  • 2xStreaming
  • 1xAll spending

Value

1st Year Value$1,212
2nd Year Value$408

Card benefits

Concierge service24/7

Travel insurance

Travel medical (under 55)Up to $1,000,000 / 15 days
Travel medical (55-64)Up to $1,000,000 / 15 days
Trip InterruptionUp to $2,000
Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000 / 1 years
Auto Rental CollisionUp to $65,000 / 48 days

With the Scotia Momentum Visa Infinite +* Card, you now get these cash back rates (updated in February 2026):

  • 4%: Groceries and recurring bill payments
  • 2%: Gas, transit and food delivery (category added in 2026)
  • 1%: All other eligible purchases

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 single category of purchases. And that is without counting the other purchases you make with this card and the benefits it offers, notably its excellent travel insurance coverage.

If you are a tenant, you could, for example, use the Scotia Momentum Visa Infinite +* Card on the Chexy website to pay your rent and earn 4% cash back. To go further, check out our comparison: CIBC Dividend Visa Infinite vs Scotia Momentum Visa Infinite +.

So all you have to do is spend $2,000 on this card during the first 3 months to maximize this promotion. However, let’s look together at how exactly this 15% cash back works and why it is particularly attractive.

Payment of the 15% bonus

The 15% cash back applies to the first $2,000 in purchases charged to your card within the first 3 months. In fact, this cash back rate is divided into two parts:

  • The normal cash back rate of the program (1% / 2% / 4% depending on merchant categories)
  • The bonus cash back rate (14% / 13% / 11% depending on merchant categories)

In addition, thanks to the new redemption policy, you no longer have to wait until November to enjoy your normal cash back. However, the bonus-rate cash back follows its own payment schedule announced by Scotiabank.

The 1% category to prioritize for 3 months

During the first 3 months, it is in your best interest to use your Scotia Momentum® Visa Infinite+* Card in merchant categories with a 1% rate, that is, excluding 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 by merchant category:

$2,000 in purchasesNormal rateBonus rateNormal cash backBonus cash back
Other merchants (e.g. Costco)1%14%$20$280
Gas / Transit / Delivery2%13%$40$260
Groceries / Recurring payments4%11%$80$220

15% cash back at Costco

Members of the Milesopedia Facebook group had a very relevant remark. Indeed, by buying $2,000 worth of Shop Cards on Costco.ca (which accepts Visa cards, unlike the warehouses) with the Scotia Momentum® Visa Infinite+* Card, you maximize this welcome bonus.

It’s as if your first $2,000 spent at Costco earned you $300, or a 15% rebate.

Optimizing cash back

For those who want to use this card throughout the year, and not only for the 15% welcome bonus, it is a very attractive card thanks to its enhanced 2026 earn rates:

  • 4% on groceries and recurring payments
  • 2% on gas, transit and food delivery (new in 2026)
  • 1% on all other eligible purchases

Since it is a Visa card, you will have no difficulty using it at your favourite merchants. Moreover, you can enjoy rates as attractive as those offered by the Scotiabank Gold American Express® Card or the American Express Cobalt® Card.

To pay your rent with Chexy

Are you a tenant? In our opinion, the best use of the 4% cash back is for rent payments, one of the largest expenses in a budget. Thanks to Chexy, it is now possible to earn rewards on your rent. This Canadian company lets you pay your rent by credit card, and then Chexy handles the monthly Interac transfer sent to your landlords.

This way you:

Without counting the increased cash back from the welcome offer, this represents $405 in cash back per year on a monthly rent of $1,500.

2026 updates to the Momentum lineup

Since February 1, 2026, Scotiabank has made two major changes to all of its Momentum cards. First, instant cash out from $25 replaces the annual wait until November. So you can cash out your rewards whenever you like, through the Scotia app or Scotia online. Second, several categories were added or enhanced across the lineup. For the other recent improvements, also read Scotia Visa Infinite+: Free GigSky Data and 2026 Updates.

Conclusion

With its enhanced welcome offer and its 2026 updates, the Scotia Momentum® Visa Infinite+* Card is more attractive than ever. By applying now, you benefit from all of the following:

  • An excellent welcome bonus of up to $300 in cash back
  • The first year free (annual fee waived)
  • The new instant cash out from $25 accumulated
  • The new 2% categories (transit, food delivery)

Then, 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 the options on the market, check out our best credit cards page in Canada.

Scotia Momentum® Visa Infinite +* Card

ScotiabankCash BackFirst-Year Annual Fee Rebate
Annual fee
$0 $120
No annual fee the first year
Our valuation
$420
Milesopedia first-year estimateFirst-year valueWelcome bonus$300Annual fee rebated$120Total$420Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $300
+ First Year Annual Fee Rebate
Ends Nov 1, 2026
Apply Now

on Scotiabank's website

The Scotia Momentum® VISA Infinite*+ card is recognized, year after year, as one of the best cash back credit cards in Canada. Milesopedia has even named it best cash back credit card in 2026.

Currently, thanks to this promotional offer, the Scotia Momentum Visa Infinite+ Card has no annual fee for the first year, including on additional cards. And you can get 15% cash back on all your purchases for the first three months (up to $2,000 in total purchases).

It also includes a new convenient benefit for travellers: enjoy 10 GB of free GigSky global mobile data for 15 days, as well as access to Travel Essentials to use essential apps like messaging, maps, and email while on the go. Cardholders also continue to receive 1 GB of free GigSky mobile data per year, plus a 20% discount on future GigSky purchases.

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

  • 4% cash back on grocery purchases and recurring payments
  • 2% cash back on gas purchases, public transit, carpooling, and food delivery
  • 1% cash back on all other purchases

For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will get $40 cash back per month, or $480 per year, with this card, for this purchase category. And that’s not counting the other purchases you make with this card and the benefits it offers (including its excellent insurance coverage).

Also note that you can use your cash back at any time (the cash back balance must be at least $25).

Legal

1 Offer Terms and Description: The 15% cash back, 0% introductory balance transfer rate, and first-year annual fee waiver offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite+ credit card accounts (the “Accounts”) opened, and any additional cards issued, between July 2, 2026, and November 1, 2026 (regardless of the date you apply for the Account), subject to the terms and conditions set out below. We will waive the initial annual fees, for the first year only, for the primary card and for each additional card. The Offer may be changed, cancelled, or extended at any time, without notice, and cannot be combined with any other offer.

Description and Terms of the 15% Cash Back Offer: You will receive 15% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following its opening date (the “Promotional Period”). Eligible purchases mean purchases, minus refunds, returns, and any similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, and card and other fees. After the Promotional Period, you will earn the usual cash back on your purchases, at the regular rate (the “Program Cash Back Rate”) described in the Scotia Momentum Visa Infinite+ cash back program terms (the “Program Terms”). The 15% cash back rate for each category is the sum of the regular cash back rate (which varies by category) and the bonus cash back rate that varies during the Program Cash Back Rate (the “cash back rate”).

The cash back earned under this offer will be credited to your Account, provided it is open and in good standing on the cash back payment date.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be credited to your Account approximately 5 months following its opening date, or otherwise, in accordance with the Program Terms.
2. Regular Cash Back Rate: Cash back earned at the Program Regular Cash Back Rate may be used as described in the Program cash back.

EXAMPLE: If the Program Regular Cash Back Rate for grocery purchases and recurring payments is 4%, the Bonus Cash Back Rate will then be 11% for that purchase category, so that all eligible everyday purchases in this category will qualify for a total cash back of 15% during the Promotional Period, on the first $2,000 in purchases. If you make eligible everyday purchases at grocery stores and recurring payments totalling $2,000, the cash back credited to your Account for this category will be calculated as follows:
(1) a Bonus Cash Back of $220 (11% x $2,000), credited as an adjustment on your statement, and (2) the Regular Cash Back of $80 (4% x $2,000), which will appear on your monthly statements as it is earned.

All other program terms continue to apply during the Offer period.

Description and Terms of the 0% Introductory Balance Transfer Offer: The 0% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the conditions below. This introductory rate applies for 12 months from this date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances covered by the 0% promotional rate (including any outstanding balance of such cash advances at the end of the Promotional Period) will revert to the preferred interest rate applicable to cash advances (currently 22.99%). A fee corresponding to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).

The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.

Cancellation of the promotional rate: If we do not receive your minimum payment by its due date shown on your statement twice in a row, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances).

Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.

Description and Terms of the Annual Fee Waiver Offer: We will waive the annual fees, for the first year only, for the primary card and for each additional card issued between July 2, 2026, and November 1, 2026.

Eligibility and Exclusions: You are not eligible for this Offer if you are currently a primary or secondary holder of a Scotiabank personal credit card or have been within the last two years, including if you transfer your balance from a Scotiabank personal credit card account and if you are a Scotiabank employee. Subject to the exclusions mentioned above, holders of a Scotiabank small business credit card are eligible for this Offer. By accepting this Offer, you confirm that you meet all eligibility requirements. We reserve the right to revoke this Offer at any time if we determine that you do not meet the eligibility requirements, including after its acceptance or the opening of the Account.

Rates and Fees: The current annual fees are $120 for the primary card and $50 for each additional card (including those issued for co-account holders and additional cardholders). The current preferred annual interest rates applicable to the Account are: 20.99% on purchases and 22.99% on cash advances. Rates, fees, features, and benefits, which are described in the application disclosure, may be changed.

Annual fee

Primary card$120
Additional card$50

Annual income required

Individual$60,000
Household$100,000

Conversion fees

2.5%

Earning rate

  • 4xGroceries
  • 4xBills & recurring payments
  • 4xTelecom
  • 2xGas & EV
  • 2xTransit
  • 2xStreaming
  • 1xAll spending

Value

1st Year Value$1,212
2nd Year Value$408

Card benefits

Concierge service24/7

Travel insurance

Travel medical (under 55)Up to $1,000,000 / 15 days
Travel medical (55-64)Up to $1,000,000 / 15 days
Trip InterruptionUp to $2,000
Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000 / 1 years
Auto Rental CollisionUp to $65,000 / 48 days

Scotia Momentum Visa Infinite +* Card – Frequently asked questions

When can I cash out my rewards instantly?

Instant cash out has been available since February 1, 2026 for all Scotia Momentum Visa cards, with a minimum accumulation of $25 through the Scotia app or Scotia online.

What are the new cash back categories in 2026?

The Scotia Momentum Visa Infinite +* Card adds food delivery to its 2% category, which now includes gas, transit and food delivery. The other rates remain unchanged.

How do I maximize the 15% welcome bonus?

To maximize the bonus, spend $2,000 in a 1% category during the first three months. For example, buying Shop Cards on Costco.ca yields the equivalent of $300 in cash back on that $2,000.

Can I pay my rent with this card?

Yes, through the Chexy service. The 4% recurring payments category applies, which gives a net cash back of 2.25% after Chexy’s 1.75% fee.

What is the card’s annual fee?

The annual fee is $120 per year, but it is waived for the first year as part of the current promotional offer. Additional cards are also free for the first year.

Can I still wait for the annual payout instead of cashing out at $25?

Yes, you keep the choice. You can cash out from $25 or let your rewards accumulate longer based on your preferences.

Our featured card

Scotia Momentum® Visa Infinite +* Card

ScotiabankCash BackFirst-Year Annual Fee Rebate
Annual fee
$0 $120
No annual fee the first year
Our valuation
$420
Milesopedia first-year estimateFirst-year valueWelcome bonus$300Annual fee rebated$120Total$420Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $300
+ First Year Annual Fee Rebate
Ends Nov 1, 2026
Apply Now

on Scotiabank's website

The Scotia Momentum® VISA Infinite*+ card is recognized, year after year, as one of the best cash back credit cards in Canada. Milesopedia has even named it best cash back credit card in 2026.

Currently, thanks to this promotional offer, the Scotia Momentum Visa Infinite+ Card has no annual fee for the first year, including on additional cards. And you can get 15% cash back on all your purchases for the first three months (up to $2,000 in total purchases).

It also includes a new convenient benefit for travellers: enjoy 10 GB of free GigSky global mobile data for 15 days, as well as access to Travel Essentials to use essential apps like messaging, maps, and email while on the go. Cardholders also continue to receive 1 GB of free GigSky mobile data per year, plus a 20% discount on future GigSky purchases.

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

  • 4% cash back on grocery purchases and recurring payments
  • 2% cash back on gas purchases, public transit, carpooling, and food delivery
  • 1% cash back on all other purchases

For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will get $40 cash back per month, or $480 per year, with this card, for this purchase category. And that’s not counting the other purchases you make with this card and the benefits it offers (including its excellent insurance coverage).

Also note that you can use your cash back at any time (the cash back balance must be at least $25).

Legal

1 Offer Terms and Description: The 15% cash back, 0% introductory balance transfer rate, and first-year annual fee waiver offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite+ credit card accounts (the “Accounts”) opened, and any additional cards issued, between July 2, 2026, and November 1, 2026 (regardless of the date you apply for the Account), subject to the terms and conditions set out below. We will waive the initial annual fees, for the first year only, for the primary card and for each additional card. The Offer may be changed, cancelled, or extended at any time, without notice, and cannot be combined with any other offer.

Description and Terms of the 15% Cash Back Offer: You will receive 15% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following its opening date (the “Promotional Period”). Eligible purchases mean purchases, minus refunds, returns, and any similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, and card and other fees. After the Promotional Period, you will earn the usual cash back on your purchases, at the regular rate (the “Program Cash Back Rate”) described in the Scotia Momentum Visa Infinite+ cash back program terms (the “Program Terms”). The 15% cash back rate for each category is the sum of the regular cash back rate (which varies by category) and the bonus cash back rate that varies during the Program Cash Back Rate (the “cash back rate”).

The cash back earned under this offer will be credited to your Account, provided it is open and in good standing on the cash back payment date.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be credited to your Account approximately 5 months following its opening date, or otherwise, in accordance with the Program Terms.
2. Regular Cash Back Rate: Cash back earned at the Program Regular Cash Back Rate may be used as described in the Program cash back.

EXAMPLE: If the Program Regular Cash Back Rate for grocery purchases and recurring payments is 4%, the Bonus Cash Back Rate will then be 11% for that purchase category, so that all eligible everyday purchases in this category will qualify for a total cash back of 15% during the Promotional Period, on the first $2,000 in purchases. If you make eligible everyday purchases at grocery stores and recurring payments totalling $2,000, the cash back credited to your Account for this category will be calculated as follows:
(1) a Bonus Cash Back of $220 (11% x $2,000), credited as an adjustment on your statement, and (2) the Regular Cash Back of $80 (4% x $2,000), which will appear on your monthly statements as it is earned.

All other program terms continue to apply during the Offer period.

Description and Terms of the 0% Introductory Balance Transfer Offer: The 0% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the conditions below. This introductory rate applies for 12 months from this date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances covered by the 0% promotional rate (including any outstanding balance of such cash advances at the end of the Promotional Period) will revert to the preferred interest rate applicable to cash advances (currently 22.99%). A fee corresponding to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).

The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.

Cancellation of the promotional rate: If we do not receive your minimum payment by its due date shown on your statement twice in a row, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances).

Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.

Description and Terms of the Annual Fee Waiver Offer: We will waive the annual fees, for the first year only, for the primary card and for each additional card issued between July 2, 2026, and November 1, 2026.

Eligibility and Exclusions: You are not eligible for this Offer if you are currently a primary or secondary holder of a Scotiabank personal credit card or have been within the last two years, including if you transfer your balance from a Scotiabank personal credit card account and if you are a Scotiabank employee. Subject to the exclusions mentioned above, holders of a Scotiabank small business credit card are eligible for this Offer. By accepting this Offer, you confirm that you meet all eligibility requirements. We reserve the right to revoke this Offer at any time if we determine that you do not meet the eligibility requirements, including after its acceptance or the opening of the Account.

Rates and Fees: The current annual fees are $120 for the primary card and $50 for each additional card (including those issued for co-account holders and additional cardholders). The current preferred annual interest rates applicable to the Account are: 20.99% on purchases and 22.99% on cash advances. Rates, fees, features, and benefits, which are described in the application disclosure, may be changed.

Annual fee

Primary card$120
Additional card$50

Annual income required

Individual$60,000
Household$100,000

Conversion fees

2.5%

Earning rate

  • 4xGroceries
  • 4xBills & recurring payments
  • 4xTelecom
  • 2xGas & EV
  • 2xTransit
  • 2xStreaming
  • 1xAll spending

Value

1st Year Value$1,212
2nd Year Value$408

Card benefits

Concierge service24/7

Travel insurance

Travel medical (under 55)Up to $1,000,000 / 15 days
Travel medical (55-64)Up to $1,000,000 / 15 days
Trip InterruptionUp to $2,000
Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000 / 1 years
Auto Rental CollisionUp to $65,000 / 48 days

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