Current offer for the Scotia Momentum Visa Infinite Card
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
For example, if you spend $1,000 per month on groceries and/or recurring payments, you’ll earn $40 cash back per month, or $480 cash back per year with this card for this category of purchases! And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).
The Scotia Momentum® VISA Infinite* card is an excellent Visa credit card for cash back.
And its insurance benefits are excellent!
Here are the general details about the card:
Cash back earning
With the Scotia Momentum® VISA Infinite* card, you can earn 1% cash back on all your purchases. However, an accelerated cash back earning rate is available on specific purchase categories:
4% on groceries and recurring payments
With the Scotia Momentum® VISA Infinite* card, you earn 4% cash back on recurring payments (car/home insurance, cell phone, cable, internet, etc.) as well as subscription purchases (Netflix, Hello Fresh, Chefs plate, truLOCAL, etc.).
But the best part is that you can earn 4% cash back on groceries with the Scotia Momentum® VISA Infinite* card !
Besides your regular grocery store purchases, you could also buy gift cards for many other types of stores and earn 4% cash back as well with your Scotia Momentum® VISA Infinite* card.
- Gap / Old Navy / Banana Republic
- La vie en rose
- App Store/ Google Store
There are plenty of gift cards in grocery stores! Why not take advantage of this with a card that offers a great cash back earning rate like the Scotia Momentum® VISA Infinite* card?
2% on gas and daily transit
With the Scotia Momentum® VISA Infinite* card, you get 2% cash back on gas and daily transit purchases, as well as services like Uber.
Annual purchase limit for the 2% and 4% categories
The annual limit on purchases for these two earning rates is $25,000 (just over $2,000 charged on the card each month).
Once you reach this limit, all purchases will yield 1% like your other purchases.
We’ve put together the key features of the Scotia Momentum® VISA Infinite* card insurance booklet.
Travel Emergency Medical Insurance
As a Scotia Momentum® Visa Infinite* Card cardmember, you, your spouse and accompanying dependent children are each automatically covered for up toup to $1 million in insurance coverage each in the event of a medical emergency due to an unforeseen illness or accident occurring while travelling outside their province or territory of residence in Canada. The date of departure is counted as the first day.
Coverage is provided for eligible persons under age 65 for up to 15 consecutive days.
If you are under age 65 and are travelling for more than 15 days, you may choose to purchase extension coverage from Scotia Assist prior to your departure.
Trip Cancellation and Trip Interruption Insurance
The Scotia Momentum® VISA Infinite* card protects your investment in your trip with travel interruption insurance offered at no additional cost.
You, your spouse, one travelling companion and your eligible dependent children travelling with you, are automatically insured. Each insured person is covered for up to $2,000 of Trip Interruption Insurance (to a maximum of $10,000 per trip) as long as you charge at least 75% of the cost of your trip to your Scotia Momentum® VISA Infinite* card.
In the event you have to cancel your trip, you, your spouse and dependent children are eligible for up to $1,500 per person ($10,000 per trip) for travel expenses when you charge at least 75% of the travel expenses to your Scotia Momentum® VISA Infinite* card.
If you need travel cancellation insurance or additional travel interruption insurance since the value of your trip exceeds the specified amounts, call 1-888-677-7444. Once your insurance application is approved, you will receive an insurance policy outlining benefits, exclusions and restrictions.
Flight delay insurance
You may be reimbursed for eligible necessary and reasonable living expenses incurred during the period of a delayed flight or missed connection which lasts four hours or more, to a limit of $500 per Insured Person on the same trip. Simply charge at least 75% of each person’s trip expenses to your Scotia Momentum® Visa Infinite*Card
Delayed and Lost Baggage Insurance
When you purchase common carrier tickets with your Scotia Momentum® Visa Infinite* Card, you are eligible for coverage against the loss or the delay of your checked luggage.
The lost luggage benefit is limited to the lesser of the value of the covered luggage or the actual replacement cost of the lost or stolen covered luggage, to a combined maximum of $500 for all insured persons on the same trip.
The carrier must first compensate you so that you can qualify for Scotia Momentum® VISA Infinite* card insurance.
The delayed luggage benefit is limited to $500 for all insured persons on the same trip for the cost of replacing eligible essential items if your checked luggage is not delivered within four (4) hours from your time of arrival at your final destination.
Travel Accident Insurance
You, your spouse and eligible dependent children will be automatically insured against accidental loss of life, or dismemberment – up to a maximum of $500,000 (to a maximum of $1,000,000 per occurrence). Coverage is in place while occupying a common carrier for which you have charged at least 75% of the ticket cost to your Scotia Momentum® Visa Infinite* Card, and which is licensed to carry passengers such as airplanes, cruise ships, trains or buses.
This insurance is valid for tickets issued by a licensed public carrier for any means of transportation such as aircraft, cruise liner, train or bus.
Rental Car Collision Loss/Damage Insurance
You’re protected against damage and theft if you charge in full Car rental fees to your Scotia Momentum® Visa Infinite* Card and You decline to apply for the Collision Damage Waiver or Loss Damage Waiver (or any similar provision) offered by the agency at the time of rental.
New Mobile Device Insurance
By charging the purchase of your mobile devices to your Scotia Momentum® VISA Infinite* card, you may be covered for up to $1,000 in the event your cell phone, smartphone, or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure.
Purchase Security & Extended Warranty Protection
Most items purchased anywhere in the world are automatically insured against theft, loss or damage as long as the full cost of the item is charged to your Scotia Momentum® Visa Infinite* Card.
Coverage extends for the first 90 days from the date of purchase and is limited to the lesser of the repair cost, replacement cost or original purchase price, and is in excess of any other insurance coverage.
When you charge the full cost of most items to your Scotia Momentum® VISA Infinite* card, extended warranty coverage doubles the original manufacturer’s warranty for up to one year. Items covered by a manufacturer’s warranty repair services of five years or more must be registered within the first year of purchase. Coverage is limited to the lesser of the repair cost, replacement cost, or original purchase price.
Under Purchase Security & Extended Warranty Protection, the guarantee limit is set at $60,000 for life.
If you prefer to get cash back rather than travel points, the Scotia Momentum® VISA Infinite* card is for you. It is the one that will offer you the most interesting cash back on the market in some purchase categories.