Scotia Momentum Visa Infinite Card review
- Welcome Offer
- 10% cash back
- Rewards
- Up to 4% cash back
- Annual Fee
- $0 annual fee for the first year ($120 thereafter)
- Purchase Interest Rate
- 20.99%
- Cash Advance Rate
- 22.99%
Our verdict
Get a top cash back return on your everyday purchases with the Scotia Momentum Visa Infinite Card.
If you would like to maximize your return on everyday purchases like gas and groceries then you might be interested in checking out the Scotia Momentum Visa Infinite Card. You'll earn a welcome bonus, high cashback on every dollar spent and enjoy travel insurance coverage.
Best for: Those looking for a top cash back return on everyday purchases.
Pros
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Earn a 10% cash back welcome bonus
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Earn up to 10% cashback on every $1 spent
-
Travel insurance coverage
Cons
-
You'll need to earn $60,000 a year to be eligible for the card
-
This card comes with an annual fee of $120
The basics
- Welcome offer. Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2025.
- High return. Earn 4% cash back for every $1 spent on eligible grocery purchases & recurring bill payments, 2% per $1 spent on eligible gas purchases & public transit, and 1% per $1 spent on all other eligible purchases.
- Promotional offers. Access one-of-a-kind dining and entertainment exclusives for Visa Infinite card holders.
- Shopping coverage. Get extended warranty and insurance coverage on products purchased with your Scotia Momentum Visa Infinite Card.
- Travel insurance. Make use of a wide suite of travel insurance to cover lost or stolen luggage, car rental and theft, flight delays, baggage delays and many other incidentals. This comes on top of $1,000,000 Travel Accident Insurance.
The perks
- Quick pay. Tap your Scotia Momentum Visa Infinite Card or your smartphone for quick easy payments Visa payWave. You can also make secure payments through Apple Pay.
- Save on car rentals. Book with AVIS and Budget car rental locations in Canada and the U.S. and save up to 25% when you pay with your Scotia Momentum Visa Infinite Card.
- World class service. Contact customer service 24/7 to report issues with your account and troubleshoot problems by speaking directly to an agent.
Comprehensive Insurance Package
The Scotia Momentum Visa Infinite Card also offers extended purchase and travel insurance:
- Purchase security and extended warranty insurance. Get extended warranty and insurance coverage to cover theft, loss or damage on most items purchased with your card. Covered in the first 90 days from date of purchase.
- Travel insurance. Make use of a wide suite of travel insurance to cover car rentals, flight cancellations/interruptions, baggage delays or lost luggage and other incidentals. This comes on top of $1 million in Travel Emergency Medical Insurance and $1,000,000 in travel accident insurance.
- Optional insurance coverage. Pay $1.09 per $100 of average daily balance on your credit card and receive financial protection from a range of life events, including disability, job loss, critical illness and loss of life.
- New mobile device insurance. Up to $1,000 coverage in the event of loss, stolen or accidentally damaged.
What to watch out for
- High minimum balance. The minimum credit limit available is $5,000.
- High minimum annual income. You must have a minimum annual income of $60,000 or a minimum household income of $100,000 to qualify for this card.
- Expensive annual fee. Pay $120 per year to maintain your Scotia Momentum Visa Infinite Card.
- Additional charge for extra cards. Pay $50 for each additional card on your account.
Scotia Momentum Visa Infinite Card interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 20.99% |
| Cash advance rate | 22.99% |
| Standard balance transfer rate | 22.99% |
What do other customers say?
Many customers appreciate the perks and benefits on offer from the Scotia Momentum Visa Infinite Card. This card won the MoneySense Award for best cashback card in 2019, offering a high rate of return on daily spend. One downfall of the Scotia Momentum Visa Infinite Card is that customers need to have a high minimum annual income to qualify for this card.
What should I know before I apply
How to apply
- Click Go to site on this page to be securely directed to your Scotia Momentum Visa Infinite Card application.
- Read through the Disclosure Statement details and click Accept & Continue.
- Complete the application with details that include your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The Scotia Momentum Visa Infinite Card offers a full suite of perks and benefits in return for a relatively low $120 annual fee. This card boasts a high rate of cash back rewards on daily purchases like groceries, recurring payments and gas. Visa Infinite customers also get exclusive entertainment and dining deals in addition to comprehensive travel insurance coverage.
If your income doesn’t reach the $60,000 per year threshold, you might like to check out the Scotia Momentum Visa Card or the Scotia Momentum No-Fee Visa Card to qualify for similar benefits.
Pictures: scotiabank.com/ca
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