Scotia Momentum Visa Infinite Card
Travel Rewards Premium / High-End

Scotia Momentum Visa Infinite Card

Scotiabank Scotiabank
Welcome Bonus: Earn 10% cash back on up to $2,000 in purchases in the first 3 months + First-year fee waived.
Annual Fee $0
$120 after first year
Purchase APR 20.99%
Cash Advance 22.99%
Bonus Value $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%
Dining 2%
Gas 2%
Travel 1%
Recurring Bills 4%
Base Rate 1%
Rewards Summary: Groceries & Recurring Payments: 4% cash back; Gas, EV, Transit & Food Delivery: 2% cash back; Base Earn: 1% cash back.

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

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

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 & Eligibility

Purchase APR20.99%
Cash Advance APR22.99%
Annual Fee$120
Supplementary Card Fee$50
Income Required Personal: $60,000
Household: $100,000
Recommended Credit Score—

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Filed Under

Travel Rewards Premium / High-End
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