Travel Rewards
Premium / High-End
Scotia Momentum Visa Infinite Card
Scotiabank
Current Welcome Offer
Earn 10% cash back on up to $2,000 in purchases in the first 3 months + First-year fee waived.
Annual Fee
$120
$0
1st Year Free
Purchase APR
20.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$320
RateBuddy Verdict
The Good
- The 4% cash back rate on groceries and recurring bill payments is one of the highest earning rates available in Canada.
- Features an exceptional insurance package for a cash-back card, including high-value Mobile Device and Trip Cancellation coverage.
- Provides a highly lucrative welcome bonus that easily yields $200 in value, plus the $120 annual fee is waived in the first year.
The Trade-offs
- Requires a strict minimum personal income of $60,000 or a household income of $100,000 to qualify.
- While food delivery earns 2%, standard sit-down restaurant dining falls under the 1% base rate.
- Charges the standard 2.5% foreign transaction fee on purchases made outside of Canada.
Rewards & Earnings
Groceries 4.00%
Dining & Takeout 2.00%
Gas & Transit 2.00%
Travel 1.00%
Base Rate 1.00%
Rewards Summary: Groceries & Recurring Payments: 4% cash back; Gas, EV, Transit & Food Delivery: 2% cash back; Base Earn: 1% cash back.
- Groceries and Recurring Payments (Bills/Subscriptions): 4.0%
- Gas, EV Charging, Daily Transit (buses, taxis, rideshares), & Food Delivery: 2.0%
- All other eligible purchases: 1.0%
Welcome Bonus Details
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, pay no annual fees in your first year for both the primary ($120) and supplementary ($50) cards.
Estimated Value: $320.00
Features & Benefits
Travel Medical Insurance
Up to $1 million CAD (under 65 years old for 15 days)
First-Year Fee Waived
First-year annual fee waived for primary and supplementary cards
Mobile Device Insurance
Up to $1,000 coverage for lost, stolen, or damaged devices
Car Rental Collision/Loss Damage Waiver
Included
Trip Cancellation/Interruption Insurance
Up to $1,500 cancellation / $2,000 interruption
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Concierge Service
24/7 complimentary concierge service
Flight Delay Insurance
Up to $500 per insured person
Baggage Delay/Loss Insurance
Up to $500 coverage
Common Carrier Accident Insurance
Up to $500,000 coverage per person
Additional Perks
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Insurance Coverage
Emergency Medical: $1M (15 days, under 65); Trip Cancellation/Interruption: Included; Flight & Baggage Delay: Included; Car Rental Collision: Included; Common Carrier: $500k; Mobile Device: $1,000; Purchase Security & Extended Warranty: Included.
Rates & Fees Details
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $120 |
| Supplementary Card | $50.00 |
| Income Required |
Personal: $60,000 Household: $100,000 |