CashbackFinding a credit card that rewards your everyday spending can make a significant difference to your finances. The Scotia Momentum Visa Infinite Credit Card is designed to maximize your cashback rewards, making it an appealing option for Canadians who spend heavily on groceries, recurring bills, and transportation.
This premium card doesn’t just stop at offering generous cashback rates, it also provides a suite of valuable features, including a diverse range insurance coverage and exclusive Visa Infinite benefits. Whether you’re a frequent traveler, a busy parent managing household expenses, or a professional seeking to streamline your finances, this card has something to offer.
Pros vs. Cons
Pros
- High Cashback Rates: the card offers one of the highest cashback rates in Canada for groceries and recurring payments;
- Insurance Coverahe: extensive insurance coverage, including travel and mobile device insurance, provides peace of mind;
- Visa Infinite Privileges: enjoy exclusive perks, including concierge services and special offers;
- Simple Cashback Redemption Process: cashback is automatically applied as a credit statement to your account.
Cons
- Annual Fee: despite having the possibility to get your first annual fee waived, after that you’ll pay $120 per year;
- Income Requirement: minimum annual income requirement of $60,000 for individuals, or $100,000 for households, or minimum assets under management of $250,000;
- Limited Redemption Options: even though the cashback being automatically applied as a credit statement to your account can be easy, it limits flexibility in redemption;
- Supplementary Card: although you have the possibility to get your first annual fee waived, after that you’ll pay $50/year.
Why Choose the Scotia Momentum Visa Infinite Credit Card?
This card is perfect for individuals who spend significantly on groceries, recurring bills, and transportation. Its high cashback rates in these categories can help you save money. The included insurance coverage and Visa Infinite perks make it a versatile choice for those who want added value and security, while also enjoying the card benefits that can fit in many aspects of your life.
Who Is The Scotia Momentum Visa Infinite Credit Card For?
While it has an annual fee and income requirements, the rewards and benefits can easily outweigh the costs for the right user. Whether you’re a daily commuter or you like to travel, this card offers valuable perks and protections that make it worth considering.
If you’re interested, click the button below to learn more about the card, its benefits, requirements, and application process. This could be your first step towards making the most out of your money and lifestyle!