Overview of the Scotia Momentum® Visa Infinite* Card
Earning categories
On bills, groceries
2%On gas, Public transit, taxis, and rideshares
1%On other purchases
Scotia Momentum® Visa Infinite* Card details
- Annual fee
- $120 (first year waived)
- Reward
- Earn 4% on bills, groceries, 2% on gas, Public transit, taxis, and rideshares, 1% on other purchases
- Average point value
- $1
- Purchase interest rate
- 20.99%
- Cash advance interest rate
- 22.99%
- Balance transfer interest rate
- 22.99%
- Minimum income
- $60K/yr
- Household income
- $100K/yr
- Recommended credit score
- 660+
- Network
- VISA
- Provider
- Scotiabank
- Card type
- Cash back
Detailed card summary
Benefits & features
- 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. Offer ends April 30,2023
- No annual fee in the first year, including on supplementary cards.
- Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
- Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
- Earn 1% cash back on all other purchases with no cash back limit.
How to redeem
Credit to statement balance annually in November
How to get approved
Eligibility
- Minimum income $60K/yr
- Household income $100K/yr
- Recommended credit score 660+
- You are a permanent Canadian resident and have reached the age of majority in the province in which you live.
User reviews
Average user score for Scotia Momentum® Visa Infinite* Card
4.5 | 8 reviews
Devinder Banger
Exellent
Mickael Guillemineau
The card is really interesting for grocery shopping. The annual fee is reasonable for the benefits of the card.
Eric
The best reward program on the market. Easy to access our statement by internet. One of the best customer service in the bank market.
Chong Liang
Good reward program.
Ilia Tchernov
Annual fee is a bit high but otherwise a great card, especially for food lovers and petrolheads.
Shelley Wellman
I dislike that it takes so long to show my purchases. My last credit card showed them under pending transactions within a few hours. This card takes days. I also checked off ebill but I’m still being sent paper bills and can’t figure out why.
Ratehub review
Mikael Castaldo
If you’re looking to get one of the best rewards credit cards in Canada and have ruled out the idea of a travel card – either because you don’t want to deal with points or don’t spend much on flights or hotels – the Scotiabank Momentum Visa Infinite should be high on your list. It’s high on ours.
A perennial favourite, the Scotia Momentum Visa Infinite regularly takes the top spot on our annual rankings of the best cash back credit cards in Canada.
The card’s appeal comes down to its strong rewards on household spending (particularly groceries and bills) and great insurance perks.
Scotia Momentum Visa Infinite – quick review
The Pros
- You’ll get 4% cash back on groceries – easily making the Scotiabank Momentum Visa Infinite one of the best credit cards for groceries in Canada.
- You’ll earn an unbeatable 4% on all your recurring payments charged to the card.
- The card offers 2% on almost all modes of daily transit – from gas and public transit to taxis and even rideshares like Uber.
- The Scotiabank Momentum Visa Infinite is one of just a handful of cards in Canada to provide mobile device insurance.
- It comes with a full range of travel insurance benefits including up to $1 million in travel medical emergency coverage, baggage lost/delay insurance, rental car insurance, and more.
- It comes with Visa Infinite benefits built-in – like access to concierge services.
The Cons
- You’ll need an income of at least $60,000 (or $100,000 as a household) to qualify.
- There are other cards that offer more rewards on gas.
- Cash back rewards can only be redeemed once a calendar year.
- It’ll cost an extra $50 per year to add an authorized user to your account.
Scotia Momentum Visa Infinite – detailed review
1. Everyday cash back rewards
The Scotiabank Momentum Visa Infinite offers some of the best rewards on your everyday spending with bonuses across four different categories.
- 4% cash back on your grocery and supermarket bills.
- 4% on recurring bills: payments that you set to automatically charge your card on a monthly basis and can include everything from cable, smartphone/data plans, streaming services, car or home insurance payments, and more.
- 2% on gas.
- 2% on daily transit: public transit, taxis, and rideshares like Uber.
- 1% on everything else.
No other cash back card offers higher returns on groceries or recurring bills, and considering those two categories count towards some of your largest household expenses, that can add up to some serious savings.
The Scotiabank Momentum Visa Infinite is also one of just a few cash back cards to offer bonus rewards on transit purchases like taxis, public transit, and rideshares – upping the card’s appeal if you don’t commute behind the wheel of your own car.
One potential drawback of the card’s rewards is that its cash back on gas (2%) isn’t the most competitive. If you spend big at the pump, that could be a deal-breaker and you might want to set your sights on another card like the TD CashBack Visa Infinite, which offers 3% on gas and even comes with a complimentary roadside assistance membership (though it does offer fewer rewards on groceries and bills).
Your cash back rewards on the Scotiabank Momentum Visa Infinite are also only awarded once every twelve months in November, not monthly or at any time of the year like some other cash back cards.
2. Side perks
The Scotiabank Momentum Visa Infinite is one of only a dozen or so credit cards in Canada to offer complimentary mobile device insurance.
If you purchase a new device (or cover all of your cell phone bills) on your Scotiabank Momentum Visa Infinite, you’ll receive up to $1,000 in phone insurance that’ll kick in if your device is stolen or accidentally damaged. If you were to buy similar device insurance from a phone carrier, that could easily set you back $9 a month or $108 annually.
As a Visa Infinite cardholder, you’ll also get access to 24/7 concierge service, free room upgrades at eligible hotels, and the ability to attend unique dining events dotted across your city.
3. Travel insurance benefits
While the Scotiabank Momentum Visa Infinite isn’t designed as a travel credit card, it still comes built-in with the full range of insurance benefits that’ll cover you while abroad including:
| Insurance | Coverage amount |
| Travel medical emergency | $1,000,000 for trips up to 15 days |
| Travel accident | Up to $500,000 |
| Trip cancellation / interruption | $1,500 per person (maximum of $10,000) |
| Flight delay | $500 per person (after 4 hours) |
| Delayed and lost baggage | Maximum of $500 per trip (after 6 hours) |
| Car rental insurance | $60,000 for up to 48 consecutive days |
For the card’s coverage to apply, you’ll generally need to cover up to 75% of the travel expense with the Scotiabank Momentum Visa Infinite.
As far as travel insurance goes, the Scotiabank Momentum Visa Infinite’s coverage is pretty standard for a premium annual fee credit card. Contrary to how that may sound, that’s a positive note since it means you’ll receive solid coverage for almost all medical and travel emergencies.
Perhaps the one drawback worth highlighting is your travel emergency insurance will last for trips up to 15 days (as opposed to 21 days like on some full-fledged travel credit cards). But that won’t be much of an issue if most of your trips are under two weeks. Not to mention, you always have the ability to top up your coverage to carry you over an extra few days for longer trips.
4. Interest, fees, and income requirements
As a premium rewards card, there are very few surprises around the Scotiabank Momentum Visa Infinite’s fees and rates.
The annual interest rate on this credit card is around average at 20.99% on any unpaid balances you owe, and 22.99% on cash advances and balance transfers. Like with any rewards card, the Scotiabank Momentum Visa Infinite is only really worth it as long as you pay off your balance in full. Otherwise you’ll owe interest which would undercut any rewards you earn.
- Also read: Best low interest credit cards in Canada
To qualify for this credit card, you’ll need to have a minimum annual income of $60,000 or a household income of $100,000.
The card does have a $120 annual fee, though it’s waived for the first year for new accounts opened by February 28, 2021. and is easily offset by its strong everyday rewards and perks.
Additionally, if you do choose to add another user, it’ll cost you an extra $50 per year. When considering some other premium cards charge anywhere from $0 to $29 to add an authorized user (including Scotia’s own Gold American Express Card and Passport Visa Infinite) this is a knock against the card. The silver lining is the fee for one authorized user is completely waived for the first year.
The bottom line
With some of the best cash back rewards on groceries, bills, and virtually every mode of daily transit – it’s easy to see how the Scotiabank Momentum Visa Infinite ranks among the best rewards credit card in Canada. Although its rewards on gas aren’t the best out there, when considering the card as an overall package, it’s hard to beat.
Legal
Offer Description and Conditions: The 10% Cash Back and First Year Annual Fee Waiver (the “Offer”) applies only to new Scotia Momentum Visa Infinite credit card accounts (“Accounts”) that are opened, and any additional Account cards issued, by April 30,2023 subject to the conditions below. We will waive the annual fee for the primary card and each additional card issued before October 31, 2022 on the Account for the first year only. All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
10% Cash Back Offer Description and Conditions: You will earn 10% cash back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum Visa Infinite Cash Back Program Terms and Conditions (the “Program Terms”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”.
Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
- Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 7 months from the Account open date; and
- Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program Terms.
The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category during the Promotional Period. If you make $2,000 in eligible everyday purchases in the Groceries and Recurring Payments category, your cash back earnings will be credited to your Account as follows:
(1) the Cash Back Bonus earnings of $120 (6% x $2,000) (which will not be tracked on your monthly statements), will be credited to your Account within 7 months from the Account open date, and (2) the Regular Cash Back earnings of $80 (4% x $2,000) (which will be tracked on your monthly statements), will be credited to your Account as per the regular cash back payment schedule (i.e., November).
Annual Fee Waiver Offer Description and Conditions: We will waive the annual fee for the primary card and each additional card issued before October 31, 2022 on the Account for the first year only.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are also eligible for the Offer.
Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on Cash Advances.
All rates, fees, features and benefits are subject to change.
You will earn 4% Cash Back on the first $25,000 you spend annually on purchases on the Account at merchants classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets (Merchant Code 5411) and Recurring Bill Payments. Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Scotia Momentum® Visa Infinite* Card. Not all merchants offer recurring bill payments. (Please check with your merchant to see if they offer recurring bill payments on Visa cards.).
Concierge Service provided by a duly licensed third-party premium concierge provider: AXA Assistance USA, Inc.
You will earn 2% Cash Back on the first $25,000 you spend annually on purchases made at merchants classified under the Visa network in the categories of Gas (includes Service Stations [with or without Ancillary services], and Automated Fuel Dispensers & Electric Vehicle Charging) (Merchant Codes 5541, 5542, 5552) and Daily Transit (including Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services [Not Elsewhere Classified]). (Merchant Codes 4111, 4112, 4121, 4131, 4789.).
You will earn 1% cash back on purchases made after you have reached the 4% and 2% $25,000 annual spend maximum (‘overflow’) and on all other eligible purchases made with the Card. Purchase returns, payments, cash advances, Scotia® Credit Card Cheques, credit vouchers, card fees, interest charges or service/transaction charges do not qualify for Scotia Momentum® cash back.
For current rates and information on fees and interest cost, call 1-888-882-8958. Interest rates, annual fees and features are subject to change without notice. Learn more about credit card fees and interest rates.
Under all insurance coverages or services, certain limitations, restrictions and exclusions apply, including a pre-existing condition exclusion for certain benefits. Please see the Certificates of Insurance for full coverage details. Coverages are underwritten by The Manufacturers Life Insurance Company and its wholly owned subsidiary First North American Insurance Company. The Bank of Nova Scotia is not an insurer. All insurance claims must be forwarded to the insurance providers.
All Scotiabank retail credit cards, except ScotiaLine Visa Card, Scotiabank Value Visa Card, and No-Fee Scotiabank Value Visa Card, will have Visa payWave when issued or reissued. Visa payWave™ is a Trademark of Visa Int./Lic. User.
Apple Pay works with iPhone 6 and later in stores, apps, and websites in Safari; with Apple Watch in stores and apps; with iPad Pro, iPad Air 2, and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see support.apple.com/km207105
The Primary Cardholder on the Scotiabank Momentum® Visa Infinite* Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder.
Based on a first year annual fee waiver of $120 for the primary card, $50 for one supplementary card, and a potential bonus cash back earning of at least $180 during the Offer period assuming a minimum spend of $2,000 at the lowest possible cash back earn rate under the Program of 1% (i.e., Cash Back Bonus Rate of 9% x $2,000). Actual value will vary based on number of supplementary cards issued for the Account and individual category spend in the first 3 months. See full Offer terms and conditions above.
The savings of up to 25% applies to Avis and Budget base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. The Bank of Nova Scotia is not responsible for, and provides no representations, warranties or conditions regarding this offer or any Avis or Budget products or services, including Avis Preferred Plus membership and services and those obtained under this offer, which are governed solely by Avis’ terms and conditions. Avis Preferred Plus membership and services are provided by Avis.
Trademark of The Bank of Nova Scotia.
Registered Trademark of The Bank of Nova Scotia
Visa Int. / Licensed User
All other trademarks are the property of their registered owners.
Click to Pay is an online checkout solution provided by a third party that supports American Express, Mastercard and Visa cards and is based on EMV® SRC Specifications. The Bank of Nova Scotia is not responsible for this service.
Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpay to learn more.
Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.
Awarded a total of 8 awards and 19 recognitions for cash back cards in 2022 by major Canadian financial comparison websites and financial blogs. Based on a comparison to other consumer cash back cards offered by Canadian Schedule I Banks as of June 14, 2022.