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Does my Scotiabank credit card have Trip Cancellation or Trip Interruption Insurance?

This is a list of Scotiabank credit cards that include trip cancellation insurance and trip interruption insurance benefits, as well as links to the current Certificates of Insurance with full details of these coverages:

Scotiabank Passport Visa Infinite Card English PDF

Scotiabank American Express Gold Card English PDF

Scotiabank American Express Platinum Card English PDF

Scotiabank Momentum Visa Infinite Card English PDF

Scotiabank Passport Visa Infinite Business Card English PDF

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Scotia Momentum Visa Infinite Review 2024: The Best Travel Insurance Coverage From A Cash Back Card

Updated: Aug 26, 2024, 7:22am

Fact Checked

The Scotia Momentum Visa Infinite ranks among Canada’s best cash back credit cards for two major reasons: its cash-back earning potential and its generous welcome bonus.

This card earns 4% cash back on groceries and bill payments and 2% on gas and daily transit. Plus, it has a generous welcome offer of 10% cash back for the first three months, up to a $2,000, when you apply by October 31, 2024. But does that compensate for this cash back card’s rigid redemption rules? We break down what you need to know about the Scotia Momentum Visa Infinite, including how it stacks up to the competition.

Scotia Momentum Visa Infinite

All the momentum is on your side with the Scotia Momentum Visa Infinite Card. Check out the exclusive Visa Infinite benefits it comes with.

On Scotiabank's Secure Website

• Earn up to 4% cash back on purchases
• Excellent travel insurance coverage for a cash back card
• First year annual fee waiver includes supplementary cards
• Reward spending categories fall short of the competition
• Cash back rewards are only paid out once a year
• Welcome bonus looks more attractive than it is

Table of Contents

Introduction, at a glance, scotia momentum visa infinite rewards, scotia momentum visa infinite benefits, insurance coverage, eligibility and income requirements, how the scotia momentum visa infinite stacks up, methodology, is the scotia momentum visa infinite right for you.

• Earn 10% cash back for the first $2000 spent in the first three months ($200 value). Must open your account by October 31, 2024
• Earn 4% cash back on groceries and recurring payments
• Earn 2% cash back on gas and transportation
• Earn 1% cash back on everything else with no cash back limit
• Includes travel insurance coverage, like  travel emergency medical and travel accident insurance, flight delay insurance, delayed and lost baggage and trip cancellation
• Includes rental car loss/damage insurance
• Up to $1,000 coverage for mobile devices
• Purchase security and extended warranty protection
• 25% discount on car rentals at participating Avis and Budget locations
• Visa Infinite benefits including concierge service and hotel upgrades

The Scotia Momentum Visa Infinite Card is an award-winning cash back credit card that punches above its weight when it comes to earning cash back and providing travel insurance coverage. However, it leaves room for improvement in terms of its redemption options.

This card’s top cash back category, a 4% cash back offer on grocery purchases, may seem like a selling point, especially considering grocery costs have been on the rise . This card also earns 4% cash back on recurring bill payments. This feature could be a boon to families bracing for bigger bills because of inflation. This card also earns 2% on gas and daily travel, which, fortunately, does extend to public transportation and electric vehicle charging. All other spending is rewarded with a 1% cash back rate.

As a welcome bonus, the Scotia Momentum Visa Infinite Card offers 10% cash back on all purchases in the first three months when you apply by October 31, 2024. The bonus offer is limited to the first $2,000 in spending, meaning you can only earn a maximum of $200. Also, the bonus cash back isn’t paid until seven months after the card has been activated, and only if your account isn’t overdrawn or past due at that time.

A major downside of this card is its restrictive cash back redemption rules. Rewards are only paid to cardholders once per year, in November. If your account isn’t in good standing at that time, your cash back will be forfeited. The same applies if you’re overdrawn or if your minimum payment is past due. And if you have a Scotiabank chequing or savings account, your reward will be paid there, rather than applied to your credit card statement, unless you specifically request otherwise.

However, where this card shines brightest is its travel insurance offering, which is comprehensive. With this in mind, we break down the details of this card so you can decide whether it’s a good fit for you.

• Cash back on all purchases including 4% on groceries and recurring payments like bills and subscriptions, 2% on gas and daily transit and 1% on everything else
• The welcome offer includes 10% cash back on all purchases in the first three months (up to $2,000 in spending) when you apply by October 31, 2024, plus no annual fee for primary and secondary cardholders in the first year
• Excellent travel insurance coverage, including emergency medical and travel accident insurance, trip interruption/cancellation, lost/delayed baggage, flight delays and rental car damage/collision insurance

Earning rewards

The Scotia Momentum Visa Infinite card is the ideal card for essential purchases. It earns:

• 4% cash back on groceries and automatic bill payments
• 2% cash back on gas and daily transit (including buses, taxis, trains and ride shares)
• 1% cash back on all other purchases

Redeeming Rewards

Unlike most cash back credit cards, which pay rewards monthly or on request, the Scotia Momentum Visa Infinite Card pays cash back to cardholders once per year each November. You can do this by having your cash back:

• deposited to your Scotiabank chequing or savings account
• Applied to your credit card statement

If you have a Scotiabank chequing or savings account, your cash back rewards will automatically be deposited there, unless you specifically request it be applied to your credit card account by the October 15 deadline. If you don’t have a Scotiabank chequing or savings account, the cash back reward will be automatically applied to your credit card statement.

If you close your account before the November payout, or if your account falls out of good standing as defined by Scotiabank, you will forfeit your accumulated cash-back rewards for the year.

Rewards Potential

Depending on your spending habits, the Scotia Momentum Visa Infinite Card has big potential for cash back rewards. We did the math for you by calculating what the average Canadian spends every year for each Scotia Momentum Visa Infinite cash back category. Forbes Advisor uses data from multiple government agencies in order to determine both baseline income and credit card spending averages across various categories.

• Grocery Purchases: $7,536 ($301.44 in cash back)
• Bill Payments: $2,436 ($97.44 in cash back, assuming they were recurring)
• Gas: $3,360 ($67.20 in cash back)
• Other Spending: $14,519 ($145.19 in cash back)
• Total Cash Back Annual Earnings: $611.27
• Total Cash Back Annual Earnings (-$120 fee): $491.27
• Visa Infinite Concierge Service: Get help with trip planning, restaurant reservations and more with access to Visa Infinite’s complimentary concierge.
• Visa Infinite Hotel Collection: Get guaranteed best available rates, automatic upgrades and free in-room Wi-Fi at over 900 participating properties.
• Visa Infinite* Dining and Wine Country program: Get access to exclusive Visa Infinite dining events.
• Up to 25% off car rentals: Save up to 25% off your reservation at participating Budget and Avis locations.
• Insurance coverage: Get travel emergency medical for up to $1,000,000 for 15 days of travel. You’ll also get travel accident insurance. Plus, coverage for trip delay/interruption, flight delay, delayed/lost baggage and rental car collision loss/damage insurance.
• Consumer protection: Get purchase security and extended warranty protection. Plus, mobile device insurance.
• Scotia SelectPay: Pay off your purchases of $100 or more with low interest rates and no installment plan fee.
• Supplementary Cards: $50 per year (special offer: First-year annual fee waived).

The Scotiabank Momentum Visa Infinite includes plenty of valuable insurance coverage, including:

• Travel Emergency Medical Insurance: Up to $1 million in coverage for 15 consecutive days. Must be under 65 years old.
• Travel Accident Insurance: Up to $500,000 ($1 million maximum per occurrence).
• Trip Cancellation and Trip Interruption Insurance: Up to $1,500 per person for travel expenses (maximum $10,000 per trip).
• Flight Delay Insurance: Up to $500.
• Delayed and Lost Baggage Insurance: Up to $500.
• Rental Car Collision Loss/Damage Insurance: Up to 48 consecutive days.
• Purchase Security: Coverage against theft, loss, or damage for 90 days from the purchase date.
• Extended Warranty Protection: Double the manufacturer’s warranty up to 1 additional year.
• New Mobile Device Insurance: Coverage up to $1,000 if your phone or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure.

Interest Rates

• Regular APR: 20.99%
• Cash Advance: $5
• Foreign Transaction Fee: 2.5%
• Annual Fee: $120 (waived in the first year)
• Additional cardholder: $50
• Estimated Credit Score : Good/Excellent
• Canadian Residency: Canadian Citizen/Resident
• Age of Majority: 18 or 19 years of age, depending on your province
• Minimum Income Requirements: $60,000 per year for individuals, $100,000 per year for households or $250,000 worth of assets under management

The Scotia Momentum Visa Infinite is a premium card , but it has some serious competition, especially with the BMO CashBack World Elite Mastercard.

Scotia Momentum Visa Infinite vs. BMO CashBack World Elite Mastercard

The Scotia Momentum Visa Infinite Card has a serious competitor in the BMO CashBack World Elite Mastercard.

When it comes to cash back , the BMO CashBack World Elite Mastercard offers 5% cash back on groceries (the highest rate we’ve come across in Canada), 4% on transit, 3% on gas, 2% on recurring payments, and 1% on everything else. However, the BMO card does have spending caps of $500 per month on those grocery, transit, gas, and bill earnings categories, after which you’ll earn the base rate of 1%. When you factor that in, the earnings come to $490.07 annually, after the annual fee is accounted for. Considering that the Scotia Momentum offers $491.27, the difference is very small.

However, the BMO has a slightly better welcome offer, which matches Scotia’s 10% for the first 3 months, but has a higher maximum earning capacity of $260, compared with the Scotia Momentum Visa Infinite Card’s $200.BMO customers can also redeem their cash back any time—like when they actually need it—whereas Scotia customers have to wait for their annual payout to arrive in November.

Where the Scotia Momentum Visa Infinite Card outshines the BMO CashBack World Elite Mastercard in its insurance coverage. While the BMO card does offer emergency travel medical insurance, as well as some other travel coverage, Scotia’s option has more comprehensive travel insurance and a very useful mobile device insurance policy.

If you’re not concerned with travel insurance and know you don’t spend more than $500 a month on expenses like groceries and bills (like if you’re single), the BMO card might be the winner for you. However, if you have a large family to shop for, a substantial work commute, or need travel insurance coverage, Scotia might be the winner.

Scotia Momentum Visa Infinite vs. CIBC Dividend Visa Infinite

A close relative of the Scotia Momentum Visa Infinite Card, the CIBC Dividend Visa Infinite Card offers similar features, especially since they’re both part of the Visa Infinite family.

You may earn slightly more cash back rewards using CIBC’s cash back card, which offers 4% cash back on groceries and gas, 2% on transportation, dining, and recurring payments, and 1% on everything else. When we added it up, you can earn $537.50 with the CIBC card, after you factor in the annual fee. Compared to the Scotia card’s $491.27, it’s easy to see who is the winner here.

CIBC also wins for flexible redemption, since cardholders can redeem their cash back rewards at any time. However, they won’t enjoy any welcome offer (as of the time of writing.)

The CIBC Dividend Visa Infinite Card also gives cardholders an enticing $0.10 discount on gas at participating stations but doesn’t offer any other benefits that exceed those offered by the Scotia Momentum Visa Infinite Card. As with most cash back credit cards, CIBC’s travel insurance coverage falls behind Scotia’s excellent coverage.

Scotia Momentum Visa Infinite vs. SimplyCash Preferred from American Express

The SimplyCash Preferred Card from American Express isn’t accepted at as many locations as the Scotia Momentum Visa Infinite Card since it’s an Amex card, but it still packs a punch when it comes to cash back rewards—and bonus points for simplicity.

Rather than picking and choosing categories, this American Express card offers 2% cash back on all purchases after a 10% cash back offer in the first four months (up to a $400 value). Despite this, you’ll earn more cash back with a Scotia Momentum Visa Infinite Card if you have a typical spending profile. The SimplyCash Preferred earns $348.13 annually (when you factor in the annual fee), while the Scotia card offers $491.27. And because Visa is more widely accepted than American Express, you’re likely to get better use (and therefore more cash back) out of the Scotia card.

When it comes to benefits, the SimplyCash Preferred Card is one of the few that rival the Scotia Momentum Visa Infinite Card. The American Express card offers a higher limit on travel emergency medical coverage and comparable coverage in other travel categories except trip cancellation.

When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With cash back, the scoring model used takes into account factors such as, but not limited to, cash back rates and categories, fees, welcome bonuses, and other rewards and features. Keep in mind, what may be best for some people might not be right for you. Conduct informed research before deciding which cards will best help you achieve your financial goals.

If you spend a lot of money at grocery stores that accept Visa cards and like to put your bills with automatic payments, the Scotia Momentum Visa Infinite card will be a particularly rewarding cash back credit card for you.

This card may also be right for you if you like to travel but prefer a cash back card to a (sometimes confusing) travel rewards program credit card. With some of the best travel insurance coverage among cash back credit cards in Canada, the Scotia Momentum Visa Infinite card is a great choice for booking your next vacation.

If you don’t need travel insurance coverage, you should consider the CIBC Dividend Visa Infinite, which offers more cash back earning potential annually. If you shop at a grocery store that only takes MasterCard, the BMO CashBack World Elite Mastercard is a good alternative too, with 5% cash back on groceries and more flexible redemption rules.

Related: Best Credit Cards You Can Get

Frequently Asked Questions (FAQs)

What rewards will i get for using the scotia momentum visa infinite card.

With this card, you’ll get cash back rewards totalling 4% on groceries and recurring bill payments, 2% on gas and daily transit and 1% on everything else. You’ll also get 10% cash back on your first $2,000 in purchases made within the first three months when you apply by April 30th, 2023.

How much cash back can I earn?

Forbes Advisor Canada estimates a first-year reward of $611.14 with a typical spending profile.

Do I need a Scotiabank bank account to get this card?

No, you don’t need to be a Scotiabank customer to get this card. As long as you meet the minimum income and credit requirements, you can get the Scotia Momentum Visa Infinite card no matter where you do your daily banking.

Should I get this card if I carry a balance?

If you carry a balance, this card’s high 20.99% interest rate will quickly add up to far more than any cash back rewards you earn. If you need to carry a balance on your credit card, look for a balance transfer credit card or low interest credit card instead.

Jordan Lavin is a personal finance expert, marketing professional, content creator, and writer with an extensive history of working with leading media, financial, and technology companies. When he’s not writing, Jordan can be found at a campground or curling rink, depending on the weather.

Aaron Broverman is the lead editor of Forbes Advisor Canada. He has over a decade of experience writing in the personal finance space for outlets such as Creditcards.com, creditcardGenius.ca, Yahoo Finance Canada, Nerd Wallet Canada and Greedyrates.ca. He lives in Waterloo, Ontario with his wife and son.

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Scotia Momentum Visa Infinite Card Review 2024: Is It Worth It?

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

NerdWallet Rating

NerdWallet CA

Best for Canadians who like cash-back rewards and travel perks.

This card is a great choice for folks who want to turn everyday spending into elevated travel adventures, premium hotel perks and exclusive experiences. Learn more about how we evaluate cards .

The Scotia Momentum Visa Infinite Card is a cash-back credit card that offers a generous cash back rate on groceries and a few travel rewards , such as insurance coverage and access to exclusive hotel perks.

Your cash back rewards can be deposited into an eligible Scotiabank Canadian dollar personal chequing or savings account , or redeemed as a statement credit.

• Full review
• Customer ratings
• Eligibility
• How to apply

Scotia Momentum Visa Infinite Card vs BMO CashBack World Elite Mastercard

Rating methodology, scotia momentum® visa infinite* card.

• Annual Fee $120 Open a new Scotia Momentum® Visa Infinite* credit card account by October 31, 2024 to qualify. Waived first year
• Interest Rates 20.99% / 22.99% 20.99% on purchases, 22.99% on cash advances.
• Rewards Rate 1%-10% 10% intro offer (Ends October 31, 2024), Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases. Earn 2% for every $1 you spend on gas purchases and daily transit purchases. Earn 1% cash back on all other purchases with no cash back limit.
• Intro Offer Up to $200 Earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases). Must open a new account by October 31, 2024.
• SPECIAL OFFER: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends October 31, 2024.
• Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
• Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
• Earn 1% cash back on all other purchases with no cash back limit.
• Redeem cash back as a statement credit in November.
• Visa Infinite benefits, including Visa Infinite* Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and entertainment and lifestyle offers.
• Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
• Access to Scotia SelectPay™.
• To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or $250,000 minimum assets under management. Also, you must have a Canadian credit file and be a Canadian resident that is the age of majority in the province or territory where you live.
• Terms and Conditions Apply. Click ‘Apply Now’ for complete details.

Scotia Momentum Visa Infinite Card full review

Even though the Scotia Momentum Visa Infinite Card offers some pretty sweet travel perks, you don’t need to be a frequent traveller to make use of it. The card’s generous cash-back earning potential on everyday purchases like groceries and gas should help you maximize its value.

Benefits of the Scotia Momentum Visa Infinite Card

• Complimentary breakfast and WiFi, and late checkout privileges at over 900 Visa Infinite Luxury Hotel Collection hotels worldwide. Plus automatic room upgrades (when available).
• Exclusive access to culinary events through Visa Infinite Dining Series.
• Complimentary tastings and discounted deliveries from select wineries in Ontario and British Columbia, as well as in-person benefits at wineries in California’s Sonoma Valley, provided by Visa Infinite Wine Country.
• Complimentary concierge services, which can help you arrange your next vacation, party or special gift purchase.
• A comprehensive suite of insurance coverage, such as travel medical and flight delay.

Drawbacks of the Scotia Momentum Visa Infinite Card

• No flight-related benefits, like free checked bags, priority boarding services or airport lounge access.
• Minimum income requirements of $60,000 for individuals, $100,000 for households, or $250,000 in assets under management may deter some users. 

Who should get the Scotia Momentum Visa Infinite Card?

With a 4% earn rate on groceries and 2% on gas and transit costs, the Scotia Momentum Visa Infinite Card will be most valuable for frequent drivers and larger households with steep grocery bills. It may also please Canadians who like to elevate their travelling adventures with premium hotel perks and exclusive experiences.

Is Scotia Momentum Visa Infinite Card worth it?

It shouldn’t be difficult to get your money’s worth out of the Scotia Momentum Visa Infinite Card. You’d need to spend $3,000 on groceries per year to earn $120 cash back, enough to offset the annual fee. That breaks down to $250 a month — and doesn’t count spending in other categories.

Scotiabank customer ratings

• Below average in customer satisfaction: Scotiabank ranks 7th out of 13 banks in J.D. Power’s 2023 Credit Card Satisfaction Study [1] .
• Low Trustpilot rating: Scotiabank scored 1.3 out of 5 possible stars based on over 880 customer reviews, as of this writing.
• Low Better Business Bureau rating: 1.19 out of 5 possible stars based on over 110 customer reviews, as of this writing. 

Scotia Momentum Visa Infinite Card eligibility

Who qualifies for the scotia momentum visa infinite card.

To qualify for the Scotia Momentum Visa Infinite Card, you must:

• Be a Canadian resident.
• Be the age of majority in the province or territory where you live.
• Not have declared bankruptcy in the past seven years.
• $60,000 in individual income
• $100,000 in household income, or
• $250,000 in assets under management.

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores , which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for. Want to learn more? Visit our “ What Credit Score is Needed for a Credit Card? ” page.

Scotia Momentum Visa Infinite Card rewards

Earn 10% cash back in the first three months of card ownership, up to a total spend of $2,000. Offer expires Oct. 31, 2024.

• Earn 4% cash back on groceries, recurring bills and subscriptions. 
• Earn 2% cash back on gas and other transit purchases. 
• Earn 1% cash back on everything else. 

After you reach an annual spending limit of $25,000, the 4% and 2% earn rates drop to 1%.

You could earn over $300 by taking advantage of Scotia Momentum Visa Infinite Card’s introductory offers in the first year:

• 10% cash back on all purchases in the first three months up to a maximum of $2,000 equals $200.
• Savings from the annual fee rebate on the primary card in the first year equals $120. Additional cards, such as for a partner, are also free for the first year — a $50 savings.

Point value breakdown

One percent cash back is equal to $0.01. So for each dollar you spend that’s eligible for cash back with the Scotia Momentum Visa Infinite credit card, you’ll earn $0.01.

How to apply for the Scotia Momentum Visa Infinite Card

If you meet the Scotia Momentum Visa Infinite Card’s eligibility requirements, the application process is fairly simple:

• Click on the Apply Now button on the Scotia Momentum Visa Infinite card page.
• Read, understand and accept the card’s rates and fees.
• Enter your personal details, like name and contact details. Agree to Scotiabank’s Privacy Agreement. 
• Create a username and password.
• Verify your identity.
• Submit any required personal data, such as employment information and annual income.

Reasons you might want a different card

If you’re looking for a card with higher cash-back rates on travel-specific purchases, or prefer travel benefits that include flying and airport perks, you may want to consider another card.

Scotia Momentum Visa Infinite Card facts

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

Frequently asked questions about the Scotia Momentum Visa Infinite card

Visa Infinite typically offers travel benefits that standard Visa credit cards do not, including automatic room upgrades at over 900 hotels around the world, access to exclusive dining and wine-tasting events and complimentary concierge services.

To be approved for a card like the Scotia Momentum Visa Infinite you’ll need a personal income of at least $60,000, a combined household income of $100,000, or $250,000 in assets under management. The exact credit score you’ll need isn’t publicly available, but a 660 or better increases your chance of approval for cards that offer premium rewards.

Article Sources

• J.D. Power , “ J.D. Power 2023 Canada Credit Card Satisfaction Study ,” accessed October 12, 2023.

About the Author

Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…

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Interest charges don’t need to be a mystery. Use our credit card interest calculator to see how much interest you’d owe if you carry a credit card balance.

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The Scotiabank Value Visa Card is a low-interest credit card with a low annual fee. But it doesn’t offer rewards or insurance coverage.

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Scotia Momentum® Visa Infinite* Card

Updated on: September 6, 2024

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10% in the first three months, up to $200 total cash back for spending $2,000

Interest rates:

20.99% purchases 22.99% cash advances 22.99% balance transfers

Earning rate:

4% cash back for groceries and recurring bills 2% cash back for gas and transit 1% cash back for all other purchases

The Scotia Momentum® Visa Infinite* Card targets high cash back returns in all the right categories, including groceries and gas. Notably, this card offers a 4% return on all recurring payments and groceries, as well as a 2% return on gas and transit. This card is well-suited to those looking for a strong cash back card.

Bonuses & Fees

The Scotia Momentum® Visa Infinite* Card is currently offering 10% cash back in the first three months, up to $2,000 in spending. This is equal to $200 in cash back.

The annual fee of $120 is waived for the first year. Supplementary cards cost $50 apiece, which are also waived for the first year as part of the promotion.

Earning Rewards

The Scotia Momentum® Visa Infinite* card has a tiered rewards structure, earning higher cash back rates in popular categories:

• 4% cash back on groceries and recurring payments
• 2% cash back on gas and transit
• 1% cash back on all other purchases

Redeeming Rewards

Cash back is automatically issued as a credit once per year, on your November statement.

Perks & Benefits

Scotia Momentum® Visa Infinite* cardholders can save up to 25% on car rentals at participating Avis and Budget locations in Canada and the US.

Insurance Coverage

The Scotia Momentum® Visa Infinite* card comes with strong insurance benefits. Coverage includes:

Emergency medical insurance of up to $1 million for you, your spouse, and dependent children on unexpected medical illness or injury when travelling out-of-province for 15 days

Trip cancellation and interruption insurance of up to $1,500 and $2,000 per person, respectively

Flight delay insurance for delays of more than four hours, up to $500 per person

• Delayed and lost baggage  insurance  of up to $500

Rental car collision or damage insurance, which can help you save on the insurance fees usually charged by car rental companies for vehicles with a MSRP of up to $65,000

Plus, on the purchase protection side, you’ll get a  90-day protection period  against damage, loss, or theft for most new items. In addition, you also get  extended warranty  of up to one year.

†Terms and conditions apply. Scotiabank is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.

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• $120 annual fee – first year free
• Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in purchases)
• Earn 4% cash back on groceries, recurring bills, and subscription purchases
• Earn 2% cash back on gas and daily transit purchases
• Earn 1% cash back on all other purchases with no cash back limit
• Travel and mobile device insurance included

Welcome bonus and earn rate

The Scotia Momentum Visa Infinite Card typically offers 10% cash back on all purchases for the first three months (up to $2,000 in spending). In addition, the annual fee of $120 is usually waived for the first year as part of the welcome bonus.

As for the earning rate, you’ll get 4% cash back on groceries, recurring bills, and subscription purchases, 2% on gas and transit purchases, and 1% on all other purchases. Even though you get a high earn rate for multiple categories, there is an annual spending cap of. $25,000 Once  you reach that amount, your earning rate drops to 1%. 

Benefits and perks

Like many cash back credit cards, the Scotia Momentum Visa Infinite doesn’t give you a ton of perks. That said, you do get some great insurance and Visa Infinite benefits.

Mobile device insurance

When you charge the full price of a mobile device (cellphone or tablet) to your Scotia Momentum Visa Infinite Card, you’re covered for up to $1,000 from loss, theft, or damage. Note that if you ever need to make a claim, depreciation applies.

Travel insurance

• Travel medical – $1,000,000 coverage up to 15 days
• Trip interruption – $2,000 per insured person (max $10,000 per trip)
• Trip cancellation – $1,500 per insured person (max $10,000 per trip)
• Flight delay – $500 per trip for eligible expenses for all insured travellers after a delay of 4 hours
• Delayed and lost baggage – $500 per trip for eligible expenses for all insured travellers after a delay of 4 hours
• Travel accident – $500,000 covering common carriers including airplanes, cruise ships, trains or buses
• Rental car collision / loss damage insurance – $65,000/48 days

For a cash back card, the included travel insurance is quite impressive. You only need to charge 75% of your trip costs to your card for the trip cancellation and trip interruption insurance to apply. However, for rental cars, you need to charge the full amount. There is no hotel/motel burglary insurance included.

Purchase insurance

• Purchase security – 90 days
• Extended warranty – Up to one additional year

When charging your purchases to your Scotia Momentum Visa Infinite Card, you’re covered for 90 days from loss, theft, and damage, thanks to the included purchase security. In addition, you get an extended warranty on purchases for up to one additional year.

Concierge service

As a Visa Infinite cardholder, you get access to a personal concierge. Available 24/7, these concierges are able to help you with dinner reservations, shopping, and more. Note that concierge can’t make miracles happen, so be realistic about your requests.

Save on car rentals

When renting a car at participating AVIS and Budget locations in Canada and the U.S., you’ll get up to 25% off the base rate when paying with your Scotia Momentum Visa Infinite Card.

Visa Infinite Hotel Collection

Visa has exclusive deals with hundreds of hotels where you can get a free room upgrade and Wi-Fi when you book directly with them.

Visa Infinite Dining and Wine Country program

Throughout the year, Scotiabank offers cardholders tickets to exclusive dining events where you can meet celebrity chefs and more.

When your Scotiabank cash back is paid out

Scotiabank pays out all cash back earned in November. While this may sound good since it gives you some extra cash to work with right before the holidays, it lacks flexibility. Many other cash back programs now allow you to cash out when you have a minimum amount. That gives you more options.

Scotia Momentum VISA Infinite eligibility

• You’re a Canadian citizen or permanent resident
• You’re at least the age of majority in your province or territory
• You have a minimum annual personal gross income of $60,000
• You haven’t declared bankruptcy in the past 7 years
• Your home address matches your credit report home address

Although the Scotia Momentum VISA Infinite Card doesn’t have a formal minimum credit score requirement, a score of at least 700 is recommended.

How the Scotia Momentum Visa Infinite Card compares

Scotia momentum visa infinite card vs. american express cobalt card.

A natural comparison is the American Express Cobalt Card since it has a similar earning rate. The Cobalt Card gives you 5 American Express Membership Rewards points per $1 spent on eats and drinks (including grocery stores), 3 points on popular streaming services, 2 points on travel and transit, and 1 point on all other purchases. Since you can redeem 1,000 points for a $10 statement credit, this is essentially a hybrid cash back/travel rewards card.

Admittedly, the Scotia Momentum Visa Infinite Card has better insurance, but American Express Membership Rewards is a better program than Scene+. That’s because you can transfer your Membership Rewards points to other loyalty programs such as Aeroplan and Marriott Bonvoy. Depending on the redemption, you could get an increased value for your points.

Scotia Momentum Visa Infinite Card vs. BMO CashBack® World Elite®* Mastercard®*

The BMO CashBack® World Elite®* Mastercard®* also has an impressive earning rate of 5% cash back on groceries, 4% on transportation, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases. The catch is, there are monthly caps of $500 on groceries, $300 on transit, $300 on gas and electric vehicle charging, and $500 on recurring bills. If you typically spend more than that, then the Scotiabank is a better choice since it has a yearly cap, not a monthly one.

Scotia Momentum Visa Infinite Card vs. Tangerine World Mastercard

Of the best cash back credit cards in Canada , one other card worth comparing is the Tangerine World Mastercard . With the Tangerine card, you can choose up to three categories that will earn you 2% cash back, while all other purchases earn you 0.5% cash back. This is clearly lower than what the Scotia Momentum Visa Infinite Card offers, but it has no annual fee, which will appeal to many people. 

Final thoughts

It should be pretty obvious that my Scotia Momentum VISA Infinite review is positive. It’s one of the best no-fee cash back card available and I’d argue it’s an excellent choice as a “travel rewards” card. Although the cash back is easy to redeem, it’s only paid out once a year in November as a statement credit or deposited directly into your personal chequing or savings account if you bank with Scotia.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter: @barrychoi

49 Comments

[…] an earning potential, the National Bank World Elite Mastercard is comparable to the Scotia Momentum VISA Infinite card which is a cash-back card. The Scotiabank card uses multipliers so you earn 4% cash-back per $1 […]

The Scotiabank Momentum card started out great with 4% on gas and groceries. They took away gas but added recurring bill payments. The problem is that all of the things you would think are recurring that you can pay with your credit card are not as such – so this is proving to be totally of no value. For me, this was house and cottage insurance, car insurance and boat insurance. I even tried to pay my monthly itunes subscription but apple would not take this card. The Scotia call centre said this was a reported issue by other card holders and they were working to resolve the issue with apple. Also when I called the call centre on why my intact insurance bill payment was not showing up as being recurring, the agent said that on his side it was showing up as reccurring and that this would be corrected when my statement issued. Needless to say it wasn’t and it is my belief that he was BS’ing me. Shame on Scotiabank! I have just switched to Merdian Visa which offers 4% on gas and groceries.

Interesting feedback. With insurance, I wouldn’t expect that to count as a recurring bill payment even though you pay monthly. I say this because recurring bill payments usually refers to things such as Netflix and Spotify. Generally speaking, merchant categories (which determine the type of cash back) are set by Visa and Mastercard. I have no idea if Scotiabank can manually override those codes to give you the promised cash back amount.

If gas is a major category for you, switching to the Meridian card was the smart thing to do.

I agree with Bruce. The clawback on my fuel purchases and elimination of the 2% money back at pharmacies in my case was devastating. I went to my local bank which did not have any good answers and just now left a note on my card file.

Is the 25,000 cap an annual cap or a monthly cap?

This is an annual cap

Can we earn something if we refer to a friend?

There is no referral benefit for the general public with this card

Ok I see thanks! You get one because you contacted them and drive traffic through your blog right?

Correct, I am one of their approved affiliate partners

Is the card life insured if you die with a balance

Typically credit cards write off any balance if the cardholder passes away. This assumes the credit card was not a joint account.

That being said, there’s no formal insurance that guarantees this.

I have paid for all my travel accommodations for my upcoming trip on my visa via my travel agent. Will this be covered under trip cancellation?

Hi Chelsea,

Yes, your trip cancellation would apply but not that you can’t cancel just because you don’t feel like going anymore, trip cancellation applies to certain conditions which are outlined in your policy.

I don’t make a minimum of 60k and just received the card. Is there a promo on?

For the first 3 months, you would earn 10% cash back up to $200 in cash back earned.

This card covers travel insurance for your family members too?

The fine print states that the travel insurance benefits only apply if your dependents are travelling with you or your spouse.

https://www.scotiabank.com/content/dam/scotiabank/canada/common/documents/pdf/Momentum-Infinite-Visa-Eng-Ekit.pdf#page=63

travel insurance is for under the age of 65 or over 65, or for everybody

Please refer to the certificate of insurance for the details

So I have a Scotia momentum visa credit card and I was wondering if we HAVE to pay the minimum that is given or can we pay whatever the amount that actually want?

The minimum listed on your statement is just the minimum, you should always pay the full balance to avoid any interest charges.

Failing to pay off the balance results in interest charges. Interest can easily wipe out all the cashback you’ve earned, which makes a cashback card worthless.

The advertising about cash back should include the information that the individual vendors can choose what percentage of participation they have, 1%, 2%, 3%. Regardless of falling into one of the clearly defined categories, Scotiabank insists that it is up to each card member to approach each vendor, each time and discuss with them their participation within the program, should it not align with the Scotiabanks advertised cashback policy. Nice. Even in the fine print this is not stated.

I’ve never heard of this. Each merchant is assigned a code by Visa and Mastercard and that’s the category they’re dumped in. Merchants can’t change their categories as they please, nor can customers ask merchants to change things when they’re making purchases.

well look at that you learned something. And in my opinion, something very important. Card holders need to know, “the real rules”. I have confirmed this with at least 6 mid level managers, because I was shocked when I first learned of it. Let hope this little nugget makes it into the public domain.

I’m fairly sure this is inaccurate as individual stores can not set their individual merchant codes. You can’t go to Best Buy and ask them to put in a merchant grocery code. Those are set by Visa and Mastercard.

My question to you is…do you have this card? I would encourage you to call in and ask. Respectfully I have a different experience with the bank, based on real time repeated interaction with Scotiabank Visa. I felt the same way you did, before I verified this repeatedly and found the real responsibility is with the individual card holders. The companies I am referring to are large international corporation, not one of mom & pop’s.

It still comes down to the merchant codes set by Visa and Mastercad. For example, Costco isn’t considered a grocery store, nor is Wal Mart with the exception of Wal Mart Superstores which are considered grocery. It doesn’t matter if they’re big or small merchants, they don’t determine their own merchant codes, and they can’t change them on the fly.

Be very wary of this card, especially if you ever want to cancel it. They have you “locked in for life” once you start paying the annual fee…. And if you try to cancel it, you can kiss any cash back you earned for that previous year goodbye. This seems unethical to me, but apparently Scotiabank just sees it as a consequence of the annual cycling.

So you pay the $120 fee every anniversary date, but you will get your cash back in November as per the rules of the card. That means if you signed up in September or October, you are basically locked into the card. If you ever want to cancel you end up forfeiting all the cash back you earned for that year.

So be prepared to factor in an additional $120 (+$50 for supplementary) fee into the card when you sign up. Unless of course you want to keep the card for the rest of your life..

The only way around this is if you sign up for the card in December or January. They don’t really make this clear when you sign up and I think it is totally unethical.

Also if you ever have to deal with customer service, be prepared to wait 20-40 minutes on hold. I have been on hold and on the phone with customer service for a total of at least 6 hours… and then I went into my local branch to resolve the issue. They were very nice but I was there for another 2 hours. I’m sorry but 8 hours of my time is not worth the extra 1% over some other cards that have no annual fee. So I say it is not worth the grief and hassle and there are free cards out there that are very comparable (or better in our situation).

If you’re 65 or older you do not qualify for travel insurance. Correct?

That’s correct, there is no coverage if you’re 65 or older

I drive a lot so I signed up for this card a couple years ago when they had the 4% cash back on gas, now that it’s been knocked down to 2%, there are better options out there. See ya later Scotia!

Does this card even come close on how much of a return I would get back compared to the PC Financial World Elite Mastercard? I’ve been comparing both cards and it seems like you can rack up a lot of points with the PC Mastercard with a lot of hacks as well as I had read. Doesn’t really make sense if I shop at superstore and use the momentum card right? Wouldnt get as much of a benefit if I got cash back plus gain PC points with the momentum credit card right? Best to go with the PC world elite?

So there are two ways of looking at this. From a straight cash back point of view, you could argue the Scotiabank Card gives you a higher earn rate, but this assumes you do a lot of spending on groceries, transit, and recurring bills. The other obvious advantage is the fact that you get actual cash with the Scotiabank card.

However, as you likely know, with the PCFWEMC, you can rack up A LOT of points if you shop smart. By shop smart I mean sticking to stores where you earn extra PC Optimum pints such as Loblaws owned grocery stores, Shoppers Drug Mart, and Esso. The bonus points you earn on select items and targeted offers add up fast. PLUS, bonus points events at Shoppers is incredible. 20X the points is basically 30% back in points.

So yeah, I favour the PDCWEMC if you shop at the right places =P

Thank you for your reply. One last thing, I also have an Amex Cobalt. How does it compare to shopping at save one foods where I can get 5x the points and also gain “More Rewards” with their program as well. I do know though that save on is more expensive but how does it compare to Presidents Choice in terms of how many points I can gain?

5 X the points with the Cobalt card really depends on what you use your points for. Technically Cobaly points are worth 1 cent each so it’s definitely good value. But like you said, if groceries cost more there, it could be a wash. Cobalt points are good for travel where as PC Optimum points can be used for groceries and merchandise.

Looks like the PC Mastercard is the way to go to get the most points and rewards. I also read I can also use points to buy gift cards at Superstore. I’m wondering which card would compliment the PC Mastercard. Right now I have the Scotiabank Passport Infinite Visa, Amex Cobalt, Vancity Enviro Gold Visa, and Capital One. Not sure if having both the Scotiabank Passport and Amex opened is ideal since the Annual fee is $140 for the Passport and $10 a month for Amex. That about $260 both combined a year. If you had to choose, which card would get that would compliment the PC Mastercard World Elite aside from what I have now?

PC Optimum no longer allows you to buy gift cards with points.

The PC Financial World Elite Mastercard essentially serves as your main card at Grocery, gas, and pharmacies. The question now is where else do you do your spending? If you’re holding the Scotiabank Passport Visa Infinite card for no forex fees and lounge access, the value is there. Obviously you’re unlikely using the lounges right now. If you just want something with no forex, the Hometrust Preferred Visa has no forex fees and no annual fee.

The Amex card is good if you do a lot of spending on restaurants and take out.

I ordered a package with my Scotiabank Momentum Visa through Amazon, within 48 hrs I received a message that my package had a customs fee to be paid and then I was provided a link by text to click and pay with a credit card. I followed the link and paid the $3.00 customs fee. Immediately afterwards I received an email thanking me for signing up to Zoopackage. I realized the customs link was a scam or better known as a subscription scam. I immediately called my Scotiabank Visa to report the fraud and cancel my card.. I’ve been on hold for over 72 mins now (they of course said they’re experiencing higher than normal call volumes and that it will be a 20 min wait) just to have this particular Visa canceled and to report the fraud. This is by far the worst negligence I’ve experienced with Scotiabank Visa and it’s Unacceptable, to have to wait over an hour to cancel/report fraud/or report a stolen credit card..

If you are getting this card any month other than November, don’t. If you cancel your card you will lose your cashback amount earned. I got the card in May and wanted to cancel before the annual renewal fee ($120/year). They said the only way for me to get my reward dollars is to pay the annual fee and wait until November when the payment comes. In my case I have to pay $120 just to get my $300 of rewards. It doesn’t matter if you have a bank account with them or another Visa.

I also found that the annual fee was quite high for the amount of rewards I earned.

The term says welcome bonus if you’ve had any Scotiabank retail credit card in the past two years.

I had this card and closed in Nov 2019, then waited and had No Scotia credit cards until 2022. I got this card again, but no welcome bonus was provided in Nov this year.

What is the 2 years term ?

You should have qualified for the sign up bonus. You should call Scotiabank to find out what’s going on.

Thanks for reply, I called Scotia that they said I am not eligible since I had the already this card and got the bonus before.

The term is stating that “Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years,”

According to the term I thought I am qualified too.

Well I think this is up to them, whatever they decide.

I still side with you, but you’re right, Scotiabank can do what they like. Of course, you can also take your business elsewhere moving forward since they’re being punks about it.

Thanks for replying so quick again. I can not push it so hard since I am waiting the preferred chequing package bonus. This is my second time as well and I confirmed the Scotia that I could get bonus for opening account again before I open it.

If this is not provided I will push it.

Hi, I am going overseas and wondering if Scotia Momentum gives you 4% grocery cashback for spending in overseas(buying stuff in grocery store in overseas). I asked Scotia Bank and rep did not know. If so, beat the foreign transaction fee of 2.5% and you still gain 1.5%!!

Also TD cashback infinite and Tangerine world MC…if you happen to know!!

I have read reports online that the Scotiabank multipliers do indeed work for foreign merchants. I’m not sure about TD or Tangerine.

Wow, thanks for the fast reply!! I appreciate it!!

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7 Benefits Of The Scotia Momentum Visa Infinite Card

Scotia Momentum Visa Infinite Card is one of the best cashback credit cards in Canada . In this article, let’s look into what really makes this an excellent pick, the pros and cons, the best features, and everything around that really makes this card stand out in the crowd. 

The Scotia Momentum Visa Infinite card is one of the best cashback credit cards in Canada . You’ll get 4% cashback on grocery and gas spending, 2% cashback for purchases at drug stores and recurring bill payments, and 1% cashback on everything else. 

Scotiabank has this introductory offer of 10% cashback on everyday purchases up to $2000 in total purchases for your first 3 months when you initially sign up for the credit card. Plus, they are waiving off the first year’s $99 annual fee , now that’s a welcome offer of $299 in the first year alone. 

Also, looking at the huge cashback value (10% especially) it is no wonder rated as the #1 cashback rewards card by MoneySense in 2018.

Benefits Of The Scotia Momentum Visa Infinite Credit Card

Now here’s the thing right, Scotiabank has a wide variety of credit cards that cater to the different needs and interests of its cardholders.

The Scotia Momentum Visa Infinite card should be the top choice for you if you are interested in earning cashback rewards as opposed to travel or entertainment rewards.

You’ll earn 4% cashback on the first $25,000 you spend annually at gas stations and grocery stores.

You will also earn 2% cashback on the first $25,000 you spend annually on recurring payments and drugstore purchases. 2% cashback applies at merchants, which are classified in the Visa network as Drug Stores & Pharmacies

For everything else, you will earn 1% cashback on purchases made after you have reached the 4% and 2% $25,000 annual spend maximum (‘overflow’) and on all other eligible purchases made with the card. 

As you can see from the above list, the cashback offers are pretty good to be ignored and the average spender like you and me will probably never exceed the maximum thresholds.

Also, do not that If you are a large family and spend a dozen on grocery shopping, or you do a lot of driving-gas purchases, your cashback potential is huge with this card.

Even with below-average spending month-to-month, you are still looking at decent cashback in your wallet at the end of the day.

Pros of t he Scotia Momentum Visa Infinite Credit Card

Scotia is one of the top banks in Canada and the products they offer are unique and value for money . 

1. Bonus Offer – The day you’ll sign up for a new Scotia Momentum Visa Infinite card, you’ll start earning 10% cashback on your first $2,000 spending. This offer is valid only for the first three months and up to $200 in value at the max. 

Now, after doing quick math – The 10% cashback offer translates into an additional $160 in rewards on your $2,000 spend.

2. Annual Fee – As I said earlier, the annual fee for this card is $99.

When you initially sign up for a new card, your first-year annual fee is waived. This is equivalent to an additional $99 value in your first year.

3. Travel Rewards – While this card is not focused on earning travel rewards points like the Scotia Gold American Express card, it does offer a variety of travel benefits that come in handy when you travel. 

Travel Benefits of the Scotiabank Visa Momentum Infinite Card include :

Emergency Medical Insurance: up to a million coverage for you and your family if there is an unexpected illness or accidental injury while you are traveling outside of your home province or territory within Canada (for up to 15 consecutive days)

Trip Interruption Insurance: up to $2,000 per person and $10,000 maximum per trip

Flight Delay Insurance: reimbursement of up to $500 per person

Lost Baggage Insurance: up to $500

Travel Accident Insurance: up to a maximum of $500,000

4. Car Rental and Insurance: You’ll get up to a 25% discount when you rent a car at participating AVIS and Budget locations when you pay with your scotia momentum visa credit card.

In addition, you are eligible for a free rental car collision insurance loss/damage insurance when you pay with your card.

5. Purchase Assurance and Extended Warranty: This gives you insurance coverage against theft, loss, or damage, and an extended warranty that doubles the manufacturer’s warranty by up to 1 year.

6. Exclusive VISA Benefits: The Scotia Momentum Visa Infinite card entitles you for benefits that are exclusive to Visa Infinite cardholders. 

Complimentary concierge services: They are available to help you buy tickets, make dinner reservations, plan your trip, and more 24 hours a day and 7 days a week at 1-888-853-4458.

VIP access to top-notch entertainment events, wine tasting at over 60 wineries in British Columbia and Ontario, luxury hotel privileges (such as free WiFi, complimentary breakfast, 3 p.m. checkout), and dining.

Zero liability: You are fully protected against unauthorized use of your card.

7. Other Features: As with every other major credit card, the Scotia Momentum Visa Infinite comes with a 19.99% interest rate on purchases and 22.99% on cash advances and balance transfers . The grace period allows you to use funds interest-free for 21 days.

Cons Of the Scotiabank Visa Momentum Infinite Card

There are definitely a few downsides to note with the new Scotiabank Visa Momentum Infinite credit card. Let’s discuss them in detail here. 

1. Additional Spouse Card: If you are planning to get an additional card for your spouse or a family member, you’ll have to pay $30 for each

2. Income Requirement: The card has a minimum individual income requirement of $60,000 or a combined household income of $100,000.

Also, you should have an excellent credit score to qualify (750 – 900 Ideally)

Another point to note here is that you’ll have to wait till the end of November to make use of the cashback earned. Cos that’s when the cashback is actually rewarded to your account.  

Regarding the bonus cashback, they are credited to your account within 2-3 months after the promo ends.

Is The Scotia Momentum Visa Infinite Card Right For You?

Let’s consider the below example:

Assuming you’ll spend $1000 on groceries and gas every month, and $200 on recurring bills and drug store purchases, for a total of $1,200 spent on your card per month. 

Groceries and Gas at 4% cash back: $1000 x 4% = $40

Now, $40 x 12 months = $480/year in cash back

Recurring bills and Pharmacy at 2% cash back: $200 x 2% = $4

That is, $4 x 12 months = $48/year in cash back

That’s a total of $528 in cashback for the year

That’s pretty good considering it’s a cashback card.

Also, note that the calculation above does not include the $99 fee waiver for the first year.

With these added benefits and promos such as the 10% cashback rate , 2% and 1% cashback earned on all other purchases. Even though you were to pay the $99 fee, it still leaves you with significant cashback earnings.

Do note that, In the example shown above, we have not considered the value of the travel benefits, extended warranty, rental car discount and insurance , concierge services, and more.

If you are using your Scotia Momentum Visa Infinite credit card while you book for your flights and hotel reservations, pay for rentals, or purchase everyday items, this can actually translate into a lot of cashback money at the end of the day. 

Alternatives To The Scotia Momentum Visa Infinite Card 

Other top rewards and cashback cards that are worth looking at depending on your needs:

1. Excellent Travel Rewards Card: Scotia Gold American Express card – you’ll earn 15,000 bonus Scotia Rewards points ($150) on your first $1,000 everyday spending in the first 3 months. Also, you have the potential to earn 4x Scotia Rewards points for every eligible $1 spent on gas, groceries, dining, and entertainment.

2. No Annual Fee Card: These types of credit cards do not charge any annual fee – Scotia Momentum No-Fee Visa card and Tangerine 2% Money-Back Credit Card.

3. Low-Interest Balance Transfer Card: Scotia Value Visa Card – 0.99% introductory interest rate on balance transfers for the first 6 months and 12.99% after that.

4. Student or First Time Credit Card: Scotia SCENE Visa Card has no annual fee. You will earn 2,000 SCENE points with your first $500 in everyday purchases in the first 3 months. Also, you will earn 1 SCENE point for every $1 spent or 5 SCENE points for every $1 spent at Cineplex theatres.

Conclusion 

To conclude, the Scotia Momentum Visa Infinite card should definitely be on your list if you’re considering getting yourself a cashback credit card in Canada .

Like I said before, it is rated #1 by Money Sense for a reason.  

With all the great benefits this card has to offer, it’s really one of the best cashback credit cards in Canada right now.  Don’t forget that the joining bonus itself is worth $299 and 10% cashback for the first three months. 

Personally, I like this card, and its definitely worth considering it if not now, then at least in the near future.

If you liked the content of this article and found it helpful, please share it on social and help spread the word. Also, let me know if you have any further questions, comments or queries in the comments section below. 

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3 thoughts on “7 Benefits Of The Scotia Momentum Visa Infinite Card”

We have just switched to this card and wondering if there are any hotels/motels that would be of benefit to use over others, are there any discounts for certain hotels. thanks

I dont think so, but let me check again and get back, thanks Elaine.

Sorry Elaine, I am not quite sure about this, please check the official Scotia website for the list or please call the customer care for specifics.

Leave a Comment Cancel reply

In this guide

• Our verdict

Frequently asked questions

Your reviews, scotia momentum visa infinite card review.

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.

• Earn a 10% cash back welcome bonus
• Earn up to 10% cashback on every $1 spent
• Travel insurance coverage
• You'll need to earn $60,000 a year to be eligible for the card
• This card comes with an annual fee of $120
• 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, 2024.
• 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.
• 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

What do other customers say, what should i know before i apply, eligibility requirements.

Application criteria:

• Be a Canadian citizen or permanent resident
• Age of majority in province/territory of residence
• Have an annual gross income of at least $60,000 (or a household income of $100,000).

Required documents and information

• Your name, residential status and contact information.
• Your social insurance number and date of birth.
• Your email address and phone number.

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

How do I check my points balance with the Does Scotia Momentum Visa Infinite Card?

Log in to your account on Scotiabank and navigate to the rewards page. You will be able to see your points balance once on this page.

Does Scotia Momentum Visa Infinite Card have a welcome offer?

Yes, depending on when you signup. 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, 2024.

Claire Horwood

Associate editor

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full profile

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Scotia Momentum Visa Infinite Card Review: Get Cash Back

By Stefani Balinsky | Published on 06 May 2022

Of all of the Scotia Visa cards available, the Scotia Momentum Visa Infinite Card gives you the most cash back. It has a generous cash-back offer on groceries, subscription payments and fuel. It also quietly boasts about unlimited cash back earning potential. Plus, it has travel protections even though it is not a travel affinity card. This review is going to be easy!

Annual fee:  $120, waived the first year

Welcome Offer: 10% cash back on all purchases for the first 3 months (up to $2,000)

Interest rate: 20.99% on purchases,22.99% on balance transfers and cash advances

The Scotia Momentum Visa Infinite Card Welcome Offer

It is a quick $200 back in your wallet. OK, a maximum of $200 in your pocket. Why? The Welcome Offer is 10% back on all your purchases in the first 3 months, up to a maximum spend of $2000. As usual, read the fine print: the cash back is deposited in 2 installments. The first installment can take up to 7 months. That delay is not real bonus to the Welcome Offer. The card makes up for it a bit, though, with its transparency.

Scotia Momentum Visa Infinite cash back calculation

Is it strange to love a credit card site? Whoever designed the Scotia Momentum Visa Infinite pages needs a high-five. The site’s points calculation lets you adjust your estimated monthly spend by category. Then it lets you see your potential cash back across all Scotia credit cards. 

4% cash back on groceries and automatic payments

That said, you can calculate if the card is worth your time. If you plug in a $2,000 monthly credit card spend, the calculator estimates that you get over $500 cash back in one year. Canadians who have a lot of bills including groceries should definitely consider this card. You earn 4% on these purchases up to a yearly limit of $25,000 CAN. Any extra earns 1% cash back.

By the way, the 4% applies to recurring billing too. Pay your insurance premiums or cell phone bill with your Scotia Momentum Infinite Visa and cash in on the 4% back. Streaming services like Netflix, as well and anything else that you pay automatically each month, become a little less cash intensive. 

Scotia Momentum Visa Infinite gives 2% on transportation

You get 2% back on getting yourself from one place to another. You earn this on an annual spend of $25,000. After that, you earn 1% back on the extra. This includes filling up your car or someone else’s at gas stations, paying at the pump, taking buses, taxis, trains, rideshare, and more. What might be more? If you take ferries, this might be good for you.

Get 1% on everything else

If you use your Scotia Momentum Visa Infinite for everything else that you buy, you get 1% back. Consider that when you buy travel or electronics. Heck, pay for university books with it! 

In fact, get your family on the card. You can get supplementary cards with your Scotia Momentum Visa Infinite Card. The annual fee is waived for the first year. However, your card earns cash back on purchases made on the extra card. Again, it just adds money back to your wallet.

Extra benefits for using Scotiabank’s credit card

The trend is to give extra benefits to cardholders who are also banking customers. Scotiabank is no exception. Scotia Momentum Visa Infinite members who open select Scotia accounts can have their credit card’s annual fees waived.

The credit card is also eligible for Scotia SelectPay . This is a Buy Now Pay Later (BNPL) service. Scotia SelectPay makes buying anything $100 or more less stressful. It is an installment service that is optional. You are not automatically signed up for it when you apply for the card.

Scotia Momentum Visa Infinite extra benefits

Do you enjoy the finer things in life? Benefits include concerts, travel, and wine, plus concierge services. You’ll have access to the VIP lounge at concerts, and actually meet some musicians. If you’re a wine drinker, you’ll enjoy free tastings, vineyard tours, and discounts on the wine.

Scotia Momentum Visa Infinite insurances

I hate to say it but product insurance is becoming standard with most credit cards. It isn’t a real differentiator anymore. Of course, your Scotia Momentum Visa Infinite has extended warranty, mobile device, and purchase protection insurance. 

Travel insurance and your credit card

The Card has all of the types of travel protections you want. When you use your card to pay for travel, car rental, hotels, etc., you are covered for:

• Travel emergency medical
• Flight delay including some cancellation benefit
• Lost or delayed luggage
• Travel accident
• Rental car collision loss or damage 

As with any credit card, the coverage is not optimized for your personal circumstances. Before you go on a trip, read the fine print of your personal insurance and your credit card insurance. You might need to buy extra travel insurance .

Should you get the Scotia Momentum Visa Infinite Card?

It has a lot of benefits for a card that offers travel protections. The card does not lock you in to any loyalty program and it doesn’t force you to use their travel services. I like the freedom it gives people. There is no real limit to how much cash back you can earn in a year. There is a $25,000 spending limit for the 4% and 2% cash back offers. However, any amount spent over the $25,000 threshold still earns a 1% return. You also have access to an installment plan and savings through Scotiabank on banking services. 

Scotia Momentum Visa Infinite Rating

Features of the scotia momentum visa infinite card.

• Additional cards earn cash back on purchases
• Supplementary cards cost $50 annually but there are ways to waive the fee
• Eligible grocery and recurring billing payments earn 4% cash back
• Eligible daily transit and fuel purchases earn 2% cash back
• All other eligible purchases earn 1%
• Visa Zero Liability policy
• All standard insurances like travel, mobile device, extended warranty, and purchase protection
• Incentive for Scotiabank account holders
• Access to SelectPay installment plan
• Possibility to get credit card protection insurance
• Get VIP access: dining series, select hotels, wine country experiences and more.

Stefani Balinsky

Scotia Momentum® Visa* Card review

• Rates & Fees

Eligibility

• 2% cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
• 1% cash back on all other eligible purchases.

25% savings off base rates at participating AVIS locations and at participating Budget locations in North America.

90 days of purchase security on most items purchased with your card.

1 extra year on top of manufacturer's warranty.

19.99% Purchase APR

22.99% Balance Transfer Rate

22.99% Cash Advance APR

$39 Annual Fee $15 for each supplementary card

2.50% Foreign Transaction Fee

Fair Recommended Credit Score

By Cameron Smonk

Fact Checked: Amy Tokic

Updated: August 28, 2024

• Best Scotiabank credit cards
• Scotia Momentum Mastercard
• Scotiabank Scene+ Visa Card for Students
• Scotiabank Platinum American Express Card
• Best Visa credit cards in Canada
• Home Trust Secured Visa
• TD® Aeroplan® Visa Infinite* Card
• Home Trust Preferred Visa
• Best cash back credit cards in Canada
• CIBC Dividend Visa Infinite
• SimplyCash Preferred Card from American Express
• Rogers™ World Elite® Mastercard®

Quick overview

The “looking for my daily spender credit card” category is a busy one, and the Scotia Momentum ® Visa* Card doesn’t exactly stand out from the crowd. You’ve got a pretty basic cash back on daily spending categories like gas, groceries, drug stores and recurring bill payments. But offsetting this relatively meager cash back offering is the $39.00 annual fee – not a high one by any means, but for an entry level cash back card?

There are some other bonuses that may tempt you, notably saving up to 25% on AVIS and Budget car rentals in the United States (though this is the case for all permutations of the Momentum cards). The Scotia Momentum Visa also comes with additional perks like purchase security and extended warranty insurance, providing a bit extra value.

But the shine is diminished on the insurance because it's comparatively limited – there’s a $10k limit per claim and a $60k lifetime total. So there’s quite a bit of bandwidth there, but still less than other cards in its categories. Plus, the cash back rewards on the Scotia Momentum Visa are only paid out annually as a statement credit, limiting flexibility. If you’re not exactly overwhelmed by this card, I don’t blame you.

Who is this card for?

This card is for someone who is already a Scotiabank customer, doesn’t mind an annual fee, wants to have one daily-spender type card and not think about it at all. This ignorance will be rewarded by a surprise at the end of the year with a statement credit that reflects your spending in every day categories.

Pros and cons

Cash back rewards: Earn 2% cash back on gas, groceries, drug stores, and recurring bill payments, and 1% on all other eligible purchases.

Annual cap benefits: The 2% cash back applies up to $25,000 spent annually in key categories, allowing for substantial rewards accumulation.

Purchase security and extended warranty: Offers protection for new purchases against theft, loss, or damage and extends the manufacturer's warranty.

Supplementary cards available: Although there's a fee, additional cards can be useful for shared expenses.

Annual fee: The card has an annual fee of $39.

High interest rate: The card has a high interest rate of 19.99% on purchases and 22.99% on cash advances.

Limited rewards categories: The card’s rewards categories are limited to groceries, gas, and recurring bill payments.

Rewards paid out annually: Cash back rewards are paid out annually as a statement credit.

$25,000 annual cap for 2% cash back: The 2% cash back rate applies up to the first $25,000 spent annually on gas station, grocery store and drugstore purchases, and on recurring payments.

Welcome bonus

• There are currently no welcome offers.

How to earn cash back

How to redeem cash back.

Luckily, there’s no action Scotia Momentum® Visa* cardholders have to take to redeem their cash back. Unluckily (as I mentioned above), the rewards are redeemed as a statement credit, not as cash, limiting their flexibility. Further limiting their use is the fact the cash back rewards are only paid out once a year.

Key benefits

• Higher cash back rate: The 2% cash back on key categories and recurring payments is a notable benefit, especially for students who frequently spend in these areas.
• Introductory balance transfer offer: At 2.99% on a balance transfer, it helps you pay off credit card debt faster
• Cash back accumulation: Cash back accumulates each month and is awarded at the end of each 12-month period, either into an eligible Scotiabank account or as a credit on the card statement.

Insurance coverage

Purchase security and extended warranty insurance: Offers protection against loss, theft, or damage for new purchases for 90 days and extends the manufacturer's warranty by up to one year. Limited to $10,000 per purchase and $60,000 lifetime total.

• Discounts on car rentals: 25% savings off base rates at participating AVIS locations and at participating Budget locations in North America.
• Scotia credit card protection (optional): While this is an optional service with an additional cost, it offers protection against the financial impact of certain life events like disability, job loss, critical illness, or loss of life.
• Flexible credit limits: The card offers flexible credit limits suitable for students, helping them manage their finances more effectively and avoid overspending.

How this card compares

Scotia momentum ® visa* card  vs. scotia momentum no-fee visa card.

These are both pretty “meh” cards, but I think the No-Fee might be the worse of the two. While you’ll save on annual, its cash back rewards are literally halved. So consider this – if you’re using this as your daily spender and planning on putting at least $2,000 on it a month, you’re likely to be earning well over $300 with the regular Momentum Visa.

Now half that for the No-Fee Visa. Even though you’ve saved the $39.00, at the end of the year, you’re coming up way short. I suppose if you have few expenses but need a credit card from time to time, the No-Fee may make more sense. But, given that all other perks are pretty much the same for these cards, in almost every other case I’d recommend the standard Momentum Visa in this head to head.

Scotia Momentum ® Visa* Card  vs. Student BMO CashBack Mastercard

Bmo cashback® mastercard®* for students.

5% cash back

Get 5% cash back in your first 3 months.*

No annual fee: this makes it cost-effective for students looking to build credit without incurring additional expenses.

Earn cash back on everyday purchases, including up to 5% cash back on every purchase in your first three months.

Credit building: If you’re responsible, you can build a positive credit history, which helps you get better credit cards and more

Higher interest rates: If you can’t pay off your balance in full, opt for a low interest credit card

Limited additional benefits: While there are some benefits, it’s not the full suite of perks, but then again, there’s no annual fee.

Recommended Credit Score

Required Annual Personal Income

Required Annual Household Income

Earn 3% cash back on groceries

Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services

Earn 0.5% cash back on all other purchases

Purchase APR

Cash Advance APR 21.99% for Quebec residents

Cash Advance APR

If you’re a student, this is a no-brainer. The Student BMO CashBack Mastercard is actually pretty decent for a student card, although it may require a little more thought and planning to maximize the rewards on categories.

The big difference (other than having no fee) is that the BMO card gives great cash back on groceries and recurring bill payments.

One downside of the BMO CashBack card students need to think about is its high interest rate.

Scotia Momentum ® Visa* Card  vs. RBC Cash Back Mastercard

Rbc cash back mastercard.

Sign up to receive the latest news, tips and offers by email

No annual fee, no fee for additional cardholders

Up to 2% cash back on groceries², up to 1% cash back on everything else²

No limit on cash back earned¹

Save money on gas at Petro-Canada⁵

Easy approval requirements

Cash back rewards on groceries drop to 1% after you accumulate $6,000 in grocery charges

No travel insurance or other perks

No welcome bonus

0.5% applies to the cash back on everything else up to $6,000 but what is impressive is that for all non-grocery spend the cash back rate actually goes up from the 0.5% to 1% on spend over $6,000, rewarding as your spend more instead of diminishing

Up to 2% unlimited cash back on groceries

Up to 1% unlimited cash back on everything else

Link your card and instantly save 3¢/L on fuel and 20% more Petro-Points at Petro Canada

Get 50 Be Well points for every $1 spent on eligible products at Rexall

Balance Transfer Rate 21.99% if you reside in Quebec

Cash Advance APR 21.99% if you reside in Quebec

Annual Fee No annual fee

Foreign Transaction Fee 2.5% of the transaction in CDN

Balance Transfer Rate

Foreign Transaction Fee

The RBC Cash Back Mastercard is comparable in quality to the Momentum, though might offer fewer opportunities to earn cash back. 

One thing to note is there is some shockingly shady and misleading Marketing copy for the RBC Cash Back card. It literally says “get unlimited cashback” in its header, but if you click through to the terms and conditions, you only get the earn rate for up to $6,000 worth of purchases. The same goes for other purchases in the 1% category. Seems pretty limited to me, no?

Is the Scotia Momentum ® Visa* Card worth it?

Not really, no. It has a small annual fee, but it has an annual fee. It offers relatively flexible cash back on daily purchases, but they’re not awe inspiring, especially when you take into account the fee eating into them.

You need at least a “good” credit score of 660 to qualify for the Momentum ® Visa*, meaning there are way more competitive cash back cards you could likely access, with no fee (the Tangerine World Mastercard comes to mind). 

Taking into account the limited insurance coverage and the fact that the cash back rewards are paid out as a statement credit at the end of the year, my recommendation is shopping around for a better card.

Can I change the pin on my Scotia Momentum® Visa*?

You can easily change the PIN on your Scotia Momentum ® Visa* card through several convenient methods. One option is to use a Scotiabank ATM, where you can enter your current PIN and follow the prompts to set a new one.

Does Scotia Momentum ® Visa* have travel insurance?

The Scotia Momentum ® Visa* Card, including the version for students, doesn’t offer travel insurance as one of its benefits. This card focuses more on cash back rewards and other benefits like purchase security and extended warranty insurance, but it lacks the travel-related insurance benefits that are often found in other credit cards, such as travel medical insurance, trip cancellation/interruption insurance, or lost baggage insurance.

Does the Scotia Momentum ® Visa* have a currency exchange fee?

Yes, it includes a foreign currency exchange fee. This fee is usually around 2.5% of the transaction amount when you make purchases in a currency other than Canadian dollars. It’s applied to both the standard version of the card and the student version.

How is cash back from Scotia Momentum ® Visa* applied?

The cash back earned with the Scotia Momentum ® Visa* Card is typically applied directly to your credit card balance, reducing the amount you owe. This occurs on an annual basis.

How do I get the Scotia Momentum ® Visa* for free?

To potentially get the Scotia Momentum ® Visa* Card fee waived, look out for promotional offers from Scotiabank, which might include waiving the annual fee for the first year as a sign-up incentive.

How do I cancel a Scotia Momentum ® Visa* Card?

To cancel your Scotia Momentum ® Visa* Card, start by ensuring your card balance is fully paid and any accumulated rewards are redeemed, as these are typically forfeited upon account closure. Contact Scotiabank's customer service, which can be reached via the number on the back of your card or through its website, and inform them of your decision to cancel.

Cam is a content marketer with a passion for saving, financial independence, and pulling off elaborate credit card point schemes. He has worked in Fintech and Finserve (specifically Group Retirement) and loves researching and writing about finance.

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Scotia Momentum Visa Card Review

Rachel Cribby

• Zack Fenech

Why you can trust us

The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.

They say that many things in life are too good to be true, and while that may be valid in several cases, it is certainly not the case with the Scotia Momentum Visa Card and its surprising multitude of benefits.

Scotia Momentum Visa Card

Rated 4.4/5 stars.

• Welcome Offer 0% interest rate on balance transfers for the first 6 months
• Annual Fee $39
• Interest Rates Purchases: 19.99%, Cash Advances: 22.99%
• Recommended Credit 660-724
• $39 annual fee
• Earn 2% at eligible gas stations, grocery stores, drug store purchases, and recurring payments earn 1% on all other purchases
• 0% interest rate on purchases for the first 6 months

In This Article

A scotia momentum visa card review for 2024, scotia momentum visa card pros & cons, our final thoughts.

Does the Scotia Momentum Visa have your attention? Below, we’ll take a look at features, fees and interest, eligibility requirements, perks and more.

How the Card Works

Cardholders can earn 2% cash back on eligible gas station, grocery, and pharmacy purchases as well as recurring bills.

Every monthly statement will show you a clear overview of the cash back rewards that have been credited to your account, and you can then choose to redeem them at several online retailers, hotels, or flights, or as gift cards or a statement balance. The redemption options are as flexible as you would expect from any Scotiabank retail credit card.

The Scotia Momentum Visa also functions as a  balance transfer credit card , offering a promotional 2.99% interest rate for new accounts that are opened.

If you have a straggler balance or two in your credit card portfolio, it may be worth transferring them over to this card. Just be sure that you can eliminate this balance within six months, or else you will be subject to the card’s regular APR of 22.99%.

This cash back program rate will slip back down to 1% if you should exceed a (very reasonable) $25,000 in purchases during a calendar year.

Card Features

The Momentum Visa Card is a cash back rewards credit card from  Scotiabank . Cardholders earn cash back rewards on everyday spending areas (gas, groceries, bills, and prescriptions) as well as most eligible everyday purchases.

For the most common purchase areas, the cash back rate is 2% — unusually high for a card with a very low annual fee. All other purchase areas will grant the cardholder 1% back.

Cardholders can also benefit from a 7.5% cash back bonus rate for their first three months (up to $2,000).

This makes the card the perfect option for anyone who foresees big purchases in their near future, a rare opportunity to receive instant cash back on your purchases.

It’s important to note that the Scotia Momentum Visa should not be confused with the  Scotia Momentum Visa Infinite  despite their similar names.

The Scotia Momentum Visa Infinite is another  cash back card  offered by Scotiabank that comes with a higher annual fee ($120) and higher eligibility requirements.

It also comes with considerably more perks, such as hotel and dining promotions as well as travel protection.

Additional Perks

While technically a cash back credit card and not a  rewards credit card , the Momentum Visa does offer up to 25% off of Budget and Avis car rentals from 5,500 participating locations.

In addition, items bought with the Scotia Momentum Visa are protected from theft, loss, and damage for three months after the purchase date.

Eligibility and Practical Info

In order to apply for the Scotia Momentum Visa, you will need a  good credit score  (around 760+) and a minimum personal income of $12,000.

The annual fee for this card is $39 but is waived in the first year. And, as mentioned earlier, the promotional balance transfer rate is 2.99% which will last for six months.

One thing to note is that while the APR is generally 19.99%, it will spike to 24.99% if you miss more than two payments within a year.

This card offers basic but useful 90-day purchase protection on all purchases made. Manufacturers’ warranties can also be doubled for up to a maximum of one year.

Additional cards will run you $15 each, and it’s important to note that you will be charged for any additional card at the time of order, not at the time of activation.

Fees and Interest

As mentioned above, this card’s biggest draw is its high cash back interest rates with a low annual fee of $39 (waived for the first year).

In addition to its regular cash back program, this card’s welcome offer of 7.5% cash back for three months is also enticing. To put it into perspective, new cardholders would earn $150 after spending only $2,000 in total purchases within three months of their account open date. This is essentially free money.

Promotional Cash Back Rate

By far, the most impressive thing about the Scotia Momentum Visa is the promotional cash back rate of 7.5%, which is practically unheard of in the cash back world.

The only conditions for receiving this offer are that you are a new Scotia Momentum Visa cardholder and that you make up to $2,000 of purchases within the first two months of your account opening.

The extra cash back that you earn during this promotional period is known as the “bonus cash back” rate and will be credited to your account within seven months of your spending.

High cash back rate of 2% applies to most everyday purchases

Generous promotional cash back rate of 7.5% for the first three months for new cardholders

Generous spending limit of $25,000 annually (after you spend more than this, your cash back rate defaults to 1%)

Offers a certificate of insurance for most items purchased anywhere in the world

Offers 25% off most Budget and Avis car rentals across Canada and the United States

Combines cash back perks with the benefit of a balance transfer card

Lower credit score requirement than many other cash back cards

Regular interest rate outside of the promotional period is 19.99% (22.99% on credit card cheques and cash advances)

Has an annual fee (cash back card competitors have lower or even non-existent annual fees)

Limited insurance offerings compared to other cards and no associated travel rewards

The Scotia Momentum Visa rewards card is certainly worth looking into if you find that everyday purchases and bills make up the majority of your annual spending.

With a low yearly fee and generous 2% cash back offer across a wide variety of categories, it’s worth keeping this credit card in your wallet even if you are only using it for recurring bill payments and other automated charges.

If you’re a new applicant, you will be eligible for the offer of a 1.99% balance transfer for your first six months as well as the impressive temporary cash back rate of 7.5%. This can quickly add up, and while that’s not usually a good phrase to hear about your credit card spending, in this case, it is!

Rachel Cribby is a professional writer, editor, and transcriptionist from Canada. Her personal finance work has been published in Greedy Rates and Forbes Advisor.

Frequently Asked Questions

The annual fee of the Scotia Momentum Visa is $39, but this is waived for your first year as a cardholder.

However, this waiver will be contingent on whether or not you are a Scotiabank Ultimate Package customer. The Scotiabank Ultimate Package is the bank’s deluxe banking package that comes with a chequing account and savings account.

If you add a credit card such as the Scotia Momentum Visa to your package, the fee will be waived on the condition that you remain a Scotia Ultimate Package customer.

The Scotia Momentum Visa is known for being an everyday rewards card, i.e., it will offer you the best returns if you are using it to pay for your everyday expenses.

The card offers a 2% cash back rate for what it calls its “eligible everyday expenses.” These are characterized by gas station, grocery store, and pharmacy purchases.

It also includes regular bill payments, which is why it makes sense to put your monthly recurring bill payments on this card for maximum cash back opportunities.

The Scotia Momentum Visa does offer one attractive travel benefit in the form of a 25% discount on Avis and Budget car rentals.

However, if you are looking for a travel credit card, it is probably better to look elsewhere for a card that maintains some form of travel rewards program. These cards will often come with the added benefit of travel insurance, including emergency medical care and trip cancellation insurance.

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Scotia Momentum ® VISA Infinite* card   🇨🇦

• 4% cash back on groceries
• Visa Infinite Benefits

• SPECIAL OFFER Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year , including on supplementary cards. Offer ends 31 Oct 2024.
• Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
• Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
• Earn 1% cash back on all other purchases with no cash back limit.

Fees & Conditions

Per dollar of purchases

Travel Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

The Scotia Momentum® VISA Infinite* card is recognized year after year as one of the best cash-back credit cards in Canada.

Currently, there is no annual fee in the first year , including on additional cards. And you can earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases).

With the Scotia Momentum® VISA Infinite* card, you get:

• 4% on groceries and recurring payments
• 2% on gas and daily transit
• 1% on all other purchases

For example, if you spend $1,000 per month on groceries and/or recurring payments, you’ll earn $40 cash back per month, or $480 cash back per year with this card for this category of purchases! And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).

The Scotia Momentum® VISA Infinite* card is an excellent Visa credit card for cash back.

And its insurance benefits are excellent!

• Best Scotiabank Credit Cards - September 2024
• Best Cash Back Credit Cards in Canada - September 2024
• 10% Cash Back and First-Year Free with the Scotia Momentum VISA Infinite Card!
• Minimum requirements for applying to a Scotiabank credit card
• How to maximize the Scotia Momentum® VISA Infinite* card's 10% cash back rate

Frequently Asked Questions

What are the visa infinite benefits of the scotia momentum® visa infinite* card.

As the Scotia Momentum® VISA Infinite* card is a Visa Infinite credit card, you benefit from several advantages:

• Visa Infinite Luxury Hotel Collection
• Visa Infinite Concierge
• Visa Infinite Dining Series
• Wine country benefits
• Troon Rewards for Golf

What insurance coverage does the Scotia Momentum® VISA Infinite* card provide?

With the Scotia Momentum® VISA Infinite* Card, you’ll benefit from many insurance coverages:

• Travel Emergency Medical Insurance
• Trip Cancellation and Trip Interruption Insurance
• Flight delay insurance
• Delayed and Lost Baggage Insurance
• Common Carrier Travel Accident Insurance
• Rental Car Collision Loss/Damage Insurance
• New Mobile Device Insurance
• Purchase Security & Extended Warranty Protection

How much cash back can I earn with the Scotia Momentum® VISA Infinite* card?

How do i use my scotia momentum® visa infinite* card cash back.

You can use Scotia Momentum® VISA Infinite* card cash back as a statement credit for any purchase.

How do I apply for a Scotia Momentum® VISA Infinite* card?

To apply for the Scotia Momentum® VISA Infinite* card, click the Apply Now button. You will be redirected to the Scotiabank’s website where you can securely apply for this credit card.

Scotiabank will then let you know if you are approved for that credit card. If you are approved, you will receive your Scotia Momentum® VISA Infinite* card by mail.

Is the Scotia Momentum® VISA Infinite* Card the best credit card from Scotiabank?

Yes, the Scotia Momentum® VISA Infinite* card is one of the best credit cards offered by Scotiabank.

The Scotia Momentum® VISA Infinite* card stands out thanks to:

• Cash back earning rate
• Insurance coverage

How does the Scotia Momentum® VISA Infinite* card compare with other credit cards?

On Milesopedia, you can easily compare credit cards. You can therefore add the Scotia Momentum® VISA Infinite* card to the credit card comparison tool and compare it with other credit cards.

Alternative Cards

*Conditions apply.

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Travel insurance

The plan if things don’t go as planned

We’re here to help every stop along the way

Login to your existing account or create a new one.

Email our customer support specialists.

Toll free from North America:

Collect from anywhere outside North America:

How do I make a claim?

1. start your claim.

Select one of the following ways to start your claim:

Online You can easily submit your claim online. Click here to start.

Email  [email protected]

Phone Toll free from North America: 1-855-297-4371

Collect from anywhere outside North America: 1-519-251-1581

Our customer service agents will open your claim and a claims package will be sent to you by either email or standard mail, based on your preference.

2. Submit your forms

• Call us at 1-877-372-2989 , Monday to Friday 8:00 a.m. to 8:00 p.m. (ET) and one of our Customer Service Representatives will be pleased to assist you.
• Click the forms below:

Scotia Travel Insurance - Baggage loss, Damage & Delay claim form

Scotia Travel Insurance - Visitors to Canada claim form

Scotia Travel Insurance - Trip cancellation & Interruption claim form

Scotia Travel Insurance - Medical claim form for students

Scotia Travel Insurance - Emergency travel medical claim form

Helpful tips

Make the claims process quicker by having the following information handy for your call:

• Case or policy number
• Date of birth
• Telephone number

Need more help? Reach out with any questions.

Frequently asked questions

How long will it take to process my claim.

It is our goal to process eligible claims in a prompt manner. 

What can help smooth the process?

• Receiving medical information from your treating or family physician in a timely fashion
• Completed claim form and/or all supporting documentation
• Timely receipt of mail from medical providers (i.e. doctors, hospitals)

What do I need to submit in order to file a claim?

Submit the completed claim forms along with any original invoices and/or receipts for out of pocket expenses for reimbursement. Also, please submit any medical documentation from the treating facility. If you have an annual plan, we require proof of your departure date from your home province. Visitors to Canada should enclose proof of arrival date in Canada.

Please remember to make a copy for your records and send all originals.