Scotia Momentum Visa Infinite Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.99
Balance Transfer
22.99
Rewards
1 - 4% cashback
Signup Bonus
-


9.2/10
Informr score
The Scotia Momentum Visa Infinite Card currently has an Informr score of 9.2 out of 10. This score is based on our evaluation of 11 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Scotia Momentum Visa Infinite Card is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $60000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


HowToSaveMoney.ca

This card clearly has a lot of value for the average Canadian family. With high earnings on typical spending items like gas, groceries and bill payments, you’ll be able to rack up the cash back in no time. Pair it with a card like the Tangerine Money-Back Mastercard, and you’ll realize even greater...

- Stephen Weyman, HowToSaveMoney.ca
RateSupermarket

A credit card chock-full of features that can help you save money and make your life easier in a number of ways. While it may not earn any actual travel rewards, it offers the opportunity for a lot of cash back if used to its full potential – cash back that you can use towards whatever you so please...

- RateSupermarket
Ratehub.ca

With the highest rate of return on gas, groceries, recurring bills, and drugstore purchases, this is an ideal card for people who spend big in these categories — especially couples and families.

- Ratehub.ca
LowestRates.ca

If you spend big in the 4% categories and love getting cash back, then this card is probably for you. It offers a high rate of cash-back, without downgrading that rate after a six-month period like some of its competitors.

- Janine Rogan, LowestRates.ca
creditcardGenius

I like to eat. I like to drive. And for those two reasons alone the Scotiabank Momentum Visa Infinite Visa card is the best card out there for those of us whose goal is to maximize the cash return from a credit card.

- Steve Vesely, creditcardGenius

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $99.00

Waived on the first year.

Balance Transfer Fee $3.50
Cash Advance Fee $3.50

$7.50 for each cash advance obtained at any ABM, Scotiabank, and any financial institution that's outside of Canada.

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus

Earn 10% cash back on everyday purchases for the first 3 months (up to $200).

Rewards
All Purchases 1% cash back
Restaurants No
Gas 4% cash back
Groceries 4% cash back
Hotels No
Travel No
Pharmacy 2% cash back
Bills 2% cash back

On recurring payments

Features & Benefits
Additional Card Holders Yes

$30 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service Yes
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Paywave, Apple Pay
Additional Benefits
  • Trip Interruption Insurance
  • Flight Delay Insurance
  • Delayed and Lost Baggage Insurance
  • Travel Emergency Medical Insurance
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $60,000 per year


Temporary Residents No
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Additional comments


Terms & Conditions Official Terms & Conditions
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Critic Reviews


HowToSaveMoney.ca

A favorite among cash back loving Canadians

from HowToSaveMoney.ca

This card clearly has a lot of value for the average Canadian family. With high earnings on typical spending items like gas, groceries and bill payments, you’ll be able to rack up the cash back in no time. Pair it with a card like the Tangerine Money-Back Mastercard, and you’ll realize even greater earnings.

Read full review

This card clearly has a lot of value for the average Canadian family. With high earnings on typical spending items like gas, groceries and bill payments, you’ll be able to rack up the cash back in no time. Pair it with a card like the Tangerine Money-Back Mastercard, and you’ll realize even greater earnings.

Read full review

Less

RateSupermarket

Well-rounded, high-earning cash back credit card

RateSupermarket

A credit card chock-full of features that can help you save money and make your life easier in a number of ways. While it may not earn any actual travel rewards, it offers the opportunity for a lot of cash back if used to its full potential – cash back that you can use towards whatever you so please.

Read full review

A credit card chock-full of features that can help you save money and make your life easier in a number of ways. While it may not earn any actual travel rewards, it offers the opportunity for a lot of cash back if used to its full potential – cash back that you can use towards whatever you so please.

Read full review

Less

Ratehub.ca

Strong returns on household spending

With the highest rate of return on gas, groceries, recurring bills, and drugstore purchases, this is an ideal card for people who spend big in these categories — especially couples and families.

Read full review

With the highest rate of return on gas, groceries, recurring bills, and drugstore purchases, this is an ideal card for people who spend big in these categories — especially couples and families.

Read full review

Less

LowestRates.ca

This card has several different tiers of cash-back rewards

from LowestRates.ca

If you spend big in the 4% categories and love getting cash back, then this card is probably for you. It offers a high rate of cash-back, without downgrading that rate after a six-month period like some of its competitors.

Read full review

If you spend big in the 4% categories and love getting cash back, then this card is probably for you. It offers a high rate of cash-back, without downgrading that rate after a six-month period like some of its competitors.

Read full review

Less

creditcardGenius

Go to card for groceries and gas

from creditcardGenius

I like to eat. I like to drive. And for those two reasons alone the Scotiabank Momentum Visa Infinite Visa card is the best card out there for those of us whose goal is to maximize the cash return from a credit card.

Read full review

I like to eat. I like to drive. And for those two reasons alone the Scotiabank Momentum Visa Infinite Visa card is the best card out there for those of us whose goal is to maximize the cash return from a credit card.

Read full review

Less

AwardWallet

Provides an extensive array of benefits

from AwardWallet

For Canadian residents interested in a credit card that allows you to maximize cash back earnings, the Momentum Visa Infinite is an excellent product, especially if you tend to spend a lot on grocery stores and gas stations. The Visa Infinite benefits provided alone can make the annual fee worth...More

For Canadian residents interested in a credit card that allows you to maximize cash back earnings, the Momentum Visa Infinite is an excellent product, especially if you tend to spend a lot on grocery stores and gas stations. The Visa Infinite benefits provided alone can make the annual fee worth it and with cash back, you're earning the most flexible travel rewards currency.

Read full review

Less

Credit Cards Canada

Higher cash back rewards

Credit Cards Canada

We like to think of the Scotia Momentum Visa Infinite Cash Back Rewards Card as a premium card for the financially responsible, bourgeois individual, looking for lifestyle enhancements without an extravagant annual fee. While the $99 annual fee associated with this card is higher than other cash...More

We like to think of the Scotia Momentum Visa Infinite Cash Back Rewards Card as a premium card for the financially responsible, bourgeois individual, looking for lifestyle enhancements without an extravagant annual fee. While the $99 annual fee associated with this card is higher than other cash rewards cards, we still think there is a lot of value here with the card’s additional benefits.

Read full review

Less

Money We Have

Should seriously be considered as a travel rewards card

from Money We Have

It’s the best no-fee cash back card available and I’d argue it’s an excellent choice as a “travel rewards” card. Although the cash back is easy to redeem, it’s only paid out once a year in November as a statement credit or deposited directly into your personal chequing or savings acco...More

It’s the best no-fee cash back card available and I’d argue it’s an excellent choice as a “travel rewards” card. Although the cash back is easy to redeem, it’s only paid out once a year in November as a statement credit or deposited directly into your personal chequing or savings account if you bank with Scotia.t or deposited directly into your personal chequing or savings account if you bank with Scotia.

Read full review

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GreedyRates.ca

Richest cash back credit card

GreedyRates.ca

This card is a no brainer for anyone who’s looking for 4% savings on gas & groceries, has individual annual income of $60,000 or a minimum household income of $100,000. With a lovely annual fee waiver of $99, there’s every incentive to give this card a try and see how much cash back it can earn you.

Read full review

This card is a no brainer for anyone who’s looking for 4% savings on gas & groceries, has individual annual income of $60,000 or a minimum household income of $100,000. With a lovely annual fee waiver of $99, there’s every incentive to give this card a try and see how much cash back it can earn you.

Read full review

Less

HowToSaveMoney.ca

Good cashback reward on different categories

from HowToSaveMoney.ca

The Scotia Momentum Visa Infinite is best for those who spend $450 per month or more on their gas/groceries. The cash back can be maximized even further by moving all recurring monthly payments onto the card, and buying as many gift cards as possible at gas stations/grocery stores.

Read full review

The Scotia Momentum Visa Infinite is best for those who spend $450 per month or more on their gas/groceries. The cash back can be maximized even further by moving all recurring monthly payments onto the card, and buying as many gift cards as possible at gas stations/grocery stores.

Read full review

Less

User Reviews


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