The Scotia Momentum Visa Infinite Credit Card stands out as one of the best cashback cards in the Canadian market. With its robust set of features, such as high cashback rates, Visa Infinite perks, and insurance coverage, this card is tailored to meet the needs of individuals and families looking to make the most of their everyday spending, but also being suitable for travelling. So, whether you’re managing everyday expenses or seeking added value through travel and insurance benefits, this card offers a compelling package that can enhance your financial well-being.
CashbackKey Features
- Welcome Offer: earn 10% cashback on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards
- Cashback:
- 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% cashback on all other purchases with no cashback limit.
- Travel Insurance: Travel Emergency Medical Insurance; Trip Cancellation/Trip Interruption Insurance; Flight Delay Insurance; Delayed and Lost Baggage Insurance; Travel Accident Insurance; Rental Car Collision Loss/Damage Insurance
- Mobile Device Insurance
- Purchase Security & Extended Warranty Protection
- Scotia Credit Card Protection (optional):
- Basic Protection (Life Benefit; Critical Illness Benefit; and Hospitalization Benefit);
- Comprehensive Protection (Life Benefit; Critical Illness Benefit; Hospitalization Benefit; Disability Benefit; Job Loss Benefit; and Strike or Lockout Benefit).
- Save On Car Rentals: save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your card
- Visa Infinite: concierge service, hotel collection, dining and wine country program
Fees and Charges
- Annual Interest Rate:
- Purchases: 20.99%
- Cash Advances: 22.99%
- Balance Transfers: 22.99%
- Annual Fee: $120.00
- Each Supplementary Card: $50/year
- Foreign Transaction Fee: 2.5%
Why Should You Choose The Scotia Momentum Visa Infinite Credit Card?
This card is an excellent choice for those who frequently spend on groceries, recurring payments, and transportation. The high cashback rates in these categories can help you save some money over time. The additional benefits, such as insurance coverage and Visa Infinite perks, add significant value, providing peace of mind and exclusive experiences. It can definitely be a part of different moments of your life.
How To Apply To The Scotia Momentum Visa Infinite Credit Card
In order to be eligible, you need to be at least the age of majority, a Canada resident, and have a minimum annual income of $60,000 or a minimum household income of $100,000 or minimum assets under management of $250,000. Here’s how to apply:
- Visit the Website: click on the button below to access the website. Then, click on the “Apply Now” option;
- Fill The Application Form: provide any personal and financial details requested and submit the form, in case you are not a Scotiabank client yet;
- Wait for Approval: after submitting, wait for approval.