Scotia Momentum® Visa Infinite* Card
This card is built for households with strong recurring spending on groceries and bills. Its value comes from one of the highest everyday cash back rates in Canada, with useful bonus categories that also cover gas, transit and food delivery.
Welcome bonus
Earn 10% cash back on up to $2,000 in eligible purchases during the first 3 months, plus first-year annual fee waived.
worth approximately $200
~$320 first-year value after $0 first-year fee
Earn rates
What this card earns you
Enter what you spend in a month. Caps are applied exactly as the card states them.
Annual spend
$21,600
$1,800 a month
Estimated rewards
$558
per year, after caps
After the annual fee
$438
less $120 fee
4%
$240
per year
2%
$36
per year
1%
$36
per year
1%
$24
per year
4%
$192
per year
1%
$30
per year
Estimates use each card's published earn rates and spending caps, annualized from your monthly figures. Where a cap is shared across categories it is split in proportion to what you spend in each. Welcome bonuses are not included.
Key facts
Annual fee
$120.00
$50 for Additional Card.
Purchase APR
20.99%
Cash advance APR
22.99%
Foreign transaction fee
2.5%
Income required
$60,000 personal / $100,000 household / $250k assets
Credit score
725+
Quebec residents — terms may differ
Standard interest rates apply in Quebec (20.99% / 22.99%), with a mandatory 5% minimum monthly payment.
Rates and fees sourced from Scotiabank's official card page →
Perks & benefits
Earn 10% cash back on all purchases for the first 3 months (up to a $2,000 spend limit).
Exceptional 4% cash back on groceries and recurring bill payments (supported by a $25,000 annual spend cap).
Earn 2% cash back on gas and daily transit operations.
Comprehensive mobile device insurance (up to $1,000) and full travel emergency medical coverage.
Insurance coverage
- Mobile device ($1,000).
- Trip cancellation ($1,500/person) and trip interruption ($2,000/person).
- Travel emergency medical ($1M, under 65 for 15 days).
- Flight delay ($500).
- Delayed and lost baggage.
Pros & cons
Pros
- Excellent 4% earn rate on groceries and recurring bills
- Strong intro offer with bonus cash back and fee waiver
- Useful 2% categories cover everyday transportation spending
- Cash back can be redeemed anytime once you have at least $25
Cons
- Income requirement may exclude some applicants
- Foreign transaction fee is not a standout travel feature
- Annual fee applies after the first-year waiver ends
- Best value depends on spending heavily in bonus categories
Eligibility requirements
- Canadian resident, age of majority.
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Scotia Momentum® Visa Infinite* Card
$120.00/year