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Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

1st year annual fee waived1

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, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 *$120.00 after 12 months 20.99% 22.99% 22.99% Excellent 4.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details

  • 1st year annual fee waived!1

  • 4% on eligible bill payments and grocery store purchases

  • 2% on eligible gas station and daily transit purchases

  • 1% cashback on all other eligible everyday purchases

  • Complimentary Concierge Services 24/7

  • Visa Infinite Dining Series

  • Visa Infinite Music Series

  • Wine Country Wonders

  • Luxury Hotel Privileges

  • Comprehensive Travel insurance & New Mobile Device Insurance coverage

  • Rates, fees, and other information are effective as of August 1, 2019. Subject to change.

*See Card Provider's website and Card Application for complete card details, terms, and current offers. Reasonable efforts are made to maintain the accuracy of information.

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* is a credit card chock-full of features that can help you save money and make your life easier in a number of ways. Not only is it a well-rounded, high-earning cash-back credit card with travel perks, but it also comes with no annual fee for the first year!


And while it may not earn any actual travel rewards, it offers the opportunity to get a lot of cash-back if used to its full potential – cash-back that you can use towards whatever you so please.


Cardholders earn four times the cash-back on gas station and grocery store purchases, while earning two per cent per dollar on eligible drug store purchases and recurring bill payments. And finally, you can earn one per cent cash-back on all other eligible purchases, so you're not limited to only eligible vendors.


The card comes with some luxurious options only available to Visa Infinite* cardholders that can help enhance your travel experiences, along with a number of travel insurance benefits. It's even won Best Rewards Card at our Best of Finance awards multiple years in a row.


Earning Potential: $1048.70 in cash back

How does this card stack up to other cash back options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.


Assuming $1,600 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$55.33 $710.58 $134.31**
Travel Other Monthly Total
$151.21 $548.57 $1,600


Cash back earned over a 24-month period: $1,147.7
Total (subtracting annual fee): $1,048.70


*Source: Statistics Canada
**Based on $1.00/litre gas prices




  • The card has an annual fee of $99, however, accounts opened before June 30, 2019 get the initial annual fee waived for the primary and supplementary cards.
  • The ability to earn cash-back on recurring bill payments is definitely a special feature. Basically, you get rewarded for paying your bills on time. It's a nice touch not typically offered by many other card vendors.



  • One of the biggest downsides to this card is the waiting period until you can redeem your cash-back. The cash-back earned with your Scotia Momentum® VISA Infinite* card will show on each of your monthly statements, year-to-date. However, cash-back accumulated will only be awarded to your account as a credit on an annual basis. The credit will automatically appear on your November statement. After that, your cash-back earned will reset to $0.
  • The annual fee waiver offer only applies to new Scotiabank customers. That means if you currently bank with Scotiabank or had an account in the past but have since closed it, you're not eligible to get the first year free.

Additional Benefits

  • Exclusive access to private dining experiences and VIP lounges at music events with the Visa Infinite* Dining Series and Visa Infinite* Music Series.
  • Complimentary wine tastings, private vineyard tours and discounts on wine purchases at over 60 wineries in British Colombia and Ontario.
  • 24/7 concierge offering complimentary personal assistance in planning your trip, restaurant reservations, accommodations, or concert ticket purchases.
  • Guaranteed best available rate at luxury hotels, as well as an automatic room upgrade when you check in, and free Wi-Fi in your room.
  • Up to 25% off base rates on Avis® or Budget rentals in Canada or the U.S. when you pay for your rental with the card.

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

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