Credit Cards

The Scotia Momentum® Visa Infinite* Card Review

Overall Ranking

4.25/5

Overview

Welcome Offer

5/5

Cardholder Perks

4.5/5

Annual Fee

3.5/5

The Scotia Momentum® Visa Infinite* Card is hands-down one of the best credit cards to add to your wallet. When it comes to earning cash back on daily spending, this card just can’t be beat. Plus, no annual fee in the first year, including on supplementary cards.¹

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Best for:

  • Cash back rewards
  • New mobile device insurance
  • Comprehensive travel insurance

About the Scotia Momentum® Visa Infinite* Card

The Scotia Momentum® Visa Infinite* Card often tops financial experts’ lists of the best cash back credit cards in Canada and it’s the cash back credit card with the most awards in 2019. It’s easy to see why: the earn rate for groceries and recurring bill payments is incredibly generous. 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, and 1% cash back on all other purchases with no cash back limit.

Plus, there is a Welcome Offer: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023. It also comes with other nice perks like new mobile device insurance and travel insurance.

Scotia Momentum® Visa Infinite* Card: At A Glance
Welcome Bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023.Purchase Interest Rate: 20.99%
Rewards: 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, and 1% cash back on all other purchases with no cash back limit.Recommended Credit Score: Excellent
Income eligibility requirements: Meet a minimum annual income of $60,000 or a minimum household income of $100,000 or minimum assets under management of $250,000Annual Fee: $120, waived in first year

Card Features & Benefits

The biggest selling feature of this credit card is the excellent earn rate. For every purchase charged to your Scotia Momentum® Visa Infinite* Card, you’ll earn cash back.

Here’s the earning structure: 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, and 1% cash back on all other purchases with no cash back limit.

Everyday earnings aside, this credit card also comes with a welcome bonus for new cardholders: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023.

Other Perks

The Scotia Momentum® Visa Infinite* Card is a well-rounded card, with a plethora of perks aside from its welcome bonus and earn rates, including:

  • Comprehensive travel insurance: It includes an impressive 15 days of emergency medical and trip interruption, as well as trip cancellation coverage, flight delay, delayed and lost baggage and rental car insurance.

  • Purchase Security & Extended Warranty Protection: Most items purchased with your card are insured against theft, loss, or damage for 90 days from the purchase date. The manufacturer’s warranty is also doubled for up to one year.

  • New mobile device insurance: Bought a new mobile phone or tablet? The device is insured if it gets lost, stolen, accidentally damaged, or experiences mechanical failure. To be covered, just charge the full cost of your new mobile device to your card or charge all of your wireless bill payments for such device to your card when you fund such a purchase through a plan. This is one of the few Cash Back Visa Infinite credit cards with this insurance benefit.

  • Access to the Visa Infinite Concierge Service: You’ll get access to an “on-call” concierge that will assist you 24/7 with things like getting restaurant reservations or tickets to a performance.

  • Access to the Visa Infinite Hotel Collection: Having this card in your hands guarantees you the best available rates on eligible hotels, as well as automatic room upgrade when available and free Wi-Fi.

  • Access to the Visa Infinite Dining and Wine Country program: An exclusive benefit that offers cardholders a chance to dine with award-winning chefs and wine experts.

  • Save on Car Rentals: Save up to 251 off the base price of car rentals from participating AVIS locations and at participating Budget locations in Canada and the U.S. when you charge the rental to your Scotia Momentum® Visa Infinite* Card.

Pros and Cons

The Scotia Momentum® Visa Infinite* Card has got a lot of advantages. The cash back for groceries is a standout feature, as well as recurring payments and subscriptions, is among the best in the country. If you travel frequently, the spectrum of travel insurance perks is another major feature that adds to the card’s allure. The mobile device insurance is especially enticing for those of us who are clumsy with our smartphones and tablets.

But it’s not all roses and sunshine. The Scotia Momentum® Visa Infinite* Card does have a few notable cons. The earn rate on gas is respectable, but many of the best no annual fee credit cards in Canada offer the same rate. Furthermore, your cash back is only paid out once yearly in November. So you’ll have to wait to get those rewards.

  • No annual fee for the first year¹

  • Excellent cash back earn rate- 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, and 1% cash back on all other purchases with no cash back limit.

  • Includes new mobile device insurance

  • Includes comprehensive travel insurance


  • Annual fee- $120

  • Cash back rewards are paid annually

Final Word

We’re fans of the Scotia Momentum® Visa Infinite* Card and believe it to be one of the best cash back credit cards in Canada. However, it may not be the best fit for everyone. If you’re a frequent traveller, you may prefer to add one of the best travel rewards credit cards in Canada to your wallet, like an Aeroplan or Air Miles credit card. Whether or not it’s right for you really depends on your spending habits and how much you can take advantage of the other perks like travel and mobile insurance. Take a look at the best credit cards in Canada and decide for yourself.

¹ Conditions Apply. Visit here for the Scotia Momentum® Visa Infinite* Card to learn more.

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