Great offer for the Scotia Momentum® Visa Infinite* Card
The Scotia Infinite Momentum Visa Card is recognized year after year as one of the best cashback 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 your purchases for the first 3 months (up to $2,000 in total purchases).
With the Scotia Momentum® VISA Infinite* card, you earn:
- 4% at grocery store and on periodic payments
- 2% on gasoline and public transit
- 1% cash back on everything else
And this card has premium insurance!
Here are the general details about the card:
Cash back earning
With Scotia Momentum® VISA Infinite* card, you can earn 1% cash back on all your purchases. However, an enhanced cash back rate is available on specific purchase categories:
4% on eligible recurring bill payments and grocery store purchases
The Scotia Momentum® VISA Infinite* card offers 4% cash back on recurring payments (car, home, cell, cable, internet insurance…) as well as subscriptions to services (Netflix, Hello Fresh, Chefs plate, truLOCAL…).
But the best part is that Scotia Momentum® VISA Infinite* card offers 4% cash back on grocery store purchases!
In addition to the regular grocery purchases you make, you can also purchase gift cards for many other types of retailers with your Scotia Momentum® VISA Infinite* card and also get 4%.
- 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 it with a card offering great cash back like the Scotia Momentum® VISA Infinite* card?
2% on eligible gas station and daily transit purchases
Scotia Momentum® VISA Infinite* card also offers 2% cash back on gas and public transportation, as well as services like Uber.
Annual 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 to$1 million in emergency medical coverage if sudden and unexpected illness or accidental injury should occur while travelling outside your 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 has travel interruption insurance for up to $2,000 per person (maximum $10,000 per trip) when you charge at least 75% of each person’s trip 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 when you thefull cost of car rental with your Visa Infinite card Scotia Momentum and you refuse to apply for the Collision Damage Waiver or Damage and Loss Coverage (or any similar provision) offered by the agency at the time the rental agreement is issued.
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.