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Scotia Momentum® VISA Infinite* card

Scotia Momentum® VISA Infinite* card

Annual fee waiver for the first year!*

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Excellent: -- I've had a credit card, or loan for 10+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past six months Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 *$99.00 after 12 months 19.99% 22.99% 22.99% Excellent 4.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details


  • $99 annual fee waiver for the first year. For accounts opened by October 31, 2017.*

  • 4% on eligible gas station and grocery store purchases

  • 2% on eligible drug store purchases and recurring bill payments

  • 1% cash back on all other eligible everyday purchases

  • Rates, fees and other information are effective as of May 1, 2017. Subject to change.

Features and Benefits

  • Purchase protection and extended warranty
  • Baggage insurance
  • Flight delay insurance
  • Rental vehicle insurance
  • Travel medical insurance
  • Trip interruption or cancellation insurance
  • Travel accident insurance
  • Avis Rental Car Discount

RateSupermarket.ca's Review

The Scotia Momentum® VISA Infinite Card has won RateSupermarket.ca's "Best Cash Back Rewards Credit Card" two years in a row for good reason. With an ongoing reward return of up to 4%, this card provides the greatest cash back value on the market. On top of a market leading reward offering, the Scotia Momentum® VISA Infinite Card also offers a unique program of premium enhancements, including VISA Infinite Complimentary Concierge. If you're the type of credit card holder who pays off their balance monthly and is looking to be rewarded for smart spending - this is the card for you.

Top 5 Features About the Scotia Momentum® VISA Infinite

  • Pay no annual fee for the first year. Offer expires October 31, 2017.
  • Earn cash back on every purchase - 4% earned on eligible gas and grocery; 2% on eligible drug store and recurring payments; 1% on all other eligible purchases
  • This card includes access to VISA Infinite complimentary concierge service, available 7 days a week, 24 hours a day
  • You, your spouse and accompanying dependent children are each automatically covered for up to $1 million in emergency medical coverage. The Scotia Momentum® VISA Infinite Card also includes Trip Interruption Insurance, Flight Delay Insurance, Delayed and Lost Baggage Insurance, Travel Accident Insurance, Rental Car Collision/Loss Damage insurance and Purchase Security and Extended Warranty

Pros

  • Earn cash back on every purchase
  • Comprehensive insurance coverage
  • Complimentary concierge service and access to other exclusive offers
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Cons

  • $30 annual fee for supplementary cards
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How We Did It: Cash Back Earnings

Income Food Gas Travel Other Total
$72,240 $649.58* $197.42* $84.07*** $100**** $1,031.07

 

* http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm
** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
*** http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil131a-eng.htm
**** http://business.financialpost.com/2012/03/15/canadian-household-debt-declines-as-disposable-income-increases/

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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