Scotia Momentum Visa Infinite Card Review

Get ready to supercharge your savings with the Scotia Momentum Visa Infinite Card, a top-tier cash back powerhouse designed for savvy Canadians. 

The Scotia Momentum Visa Infinite Card is more than just its impressive earn rates; it’s a comprehensive financial tool that offers peace of mind with a robust suite of travel insurance and valuable Visa Infinite privileges. 

With a generous welcome offer that often includes a 10% introductory cash back rate and a first-year annual fee waiver, this card provides immense value from the moment it enters your wallet. It’s time to stop leaving money on the table and start earning serious cash back on your everyday life.

CREDIT CARD

Scotia Momentum Visa Infinite

Earn 10% cash back Visa Infinite benefits

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Benefits: Your Passport to Premium Perks

1. Phenomenal 4% Cash Back on Groceries & Recurring Bills: This is the card’s star feature! You’ll earn a massive 4% cash back on all eligible grocery store purchases, recurring bill payments, and subscription purchases. This includes everything from your weekly groceries to your monthly phone bills, internet, insurance premiums, and streaming services, making it a category leader.
2. Excellent 2% Cash Back on Gas & Transit: Your daily commute and travels are also highly rewarded. Earn a solid 2% cash back on all eligible gas station purchases and daily transit, which includes public transportation, taxis, and rideshare services like Uber and Lyft.
3. Generous Welcome Offer: Kickstart your savings with a powerful welcome bonus! New cardholders are often greeted with an attractive introductory offer, such as 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases, for up to $200 cash back), plus the $120 annual fee waived for the first year.
4. Comprehensive Travel Insurance Suite: Travel with confidence knowing you’re protected. This card includes an excellent suite of insurance, featuring:
   • Travel Emergency Medical Insurance: Up to $1 million in coverage for the first 15 consecutive days of your trip (for those under 65).
   • Trip Cancellation & Trip Interruption Insurance.
   • Flight Delay Insurance & Delayed and Lost Baggage Insurance.
5. Visa Infinite Concierge Service: Enjoy the convenience of a 24/7 personal assistant. The complimentary Visa Infinite Concierge can help with travel planning, securing dinner reservations at top restaurants, finding event tickets, and much more.
6. Visa Infinite Luxury Hotel Collection: Receive VIP treatment at over 900 of the world’s most prestigious hotels. When you book through this program, benefits include the potential for an automatic room upgrade upon arrival, complimentary breakfast for two, and other exclusive perks.
7. Visa Infinite Dining and Wine Country Program: Indulge your inner foodie and wine enthusiast. Gain access to exclusive gourmet dining events across Canada and enjoy special perks and discounts at participating wineries in Ontario and British Columbia.
8. Annual Fee Waiver with Scotiabank Ultimate Package: If you’re a Scotiabank banking client with the Ultimate Package chequing account, you can receive a full annual fee rebate on this card ($120 value) every single year, making this premium card essentially free.

Who Can Apply: Eligibility for Visa Infinite Status

To be eligible for the premium Scotia Momentum Visa Infinite Card, applicants must meet higher qualification criteria:

• Age of Majority: You must have reached the age of majority in your province or territory of residence.
• Canadian Resident: You must be a Canadian citizen or permanent resident.
• Minimum Annual Income: You must meet one of the following minimum annual income requirements:
  • A personal gross annual income of $60,000, OR
  • A household gross annual income of $100,000, OR
  • Minimum assets under management of $250,000.
• Good to Excellent Credit Score: A strong credit history and a good to excellent credit score (typically suggested to be 725 or higher) are essential for approval.

How to Apply: Your Steps to Premium Cash Back

Applying for the Scotia Momentum Visa Infinite Card is a straightforward online process:

1. Visit the Scotiabank Website: Go to the official Scotiabank Canada website.
2. Review Card Details: Thoroughly read through the card’s features, the current welcome offer, cash back earn rates and caps, insurance coverages, the $120 annual fee, and other terms.
3. Click “Apply Now”: Start the secure online application.
4. Provide Your Information: Fill out the application form with your personal details and financial information.
5. Consent to a Credit Check: As part of the application, you must agree to allow Scotiabank to perform a credit check.
6. Review and Submit: Carefully check all entered information for accuracy before submitting.
7. Await a Decision: You may receive an instant online decision, or it could take a few business days. Scotiabank will notify you of the outcome.

Frequently Asked Questions (FAQ)

1. What is the annual fee for this card?
   The annual fee is $120 for the primary cardholder. Supplementary cards are $50 each. The welcome offer often waives these fees for the first year.
2. What is the spending cap on the 4% and 2% categories?
   You earn the bonus rate on the first $25,000 spent annually in the 4% categories combined, and on the first $25,000 spent annually in the 2% categories combined. After that, you earn 1%.
3. How is the cash back paid out?
   Cash back is automatically credited to your card statement once a year in November.
4. What travel medical insurance is included?
   It includes up to $1 million in emergency medical coverage for up to 15 consecutive days per trip if you are under age 65.

CREDIT CARD

Scotia Momentum Visa Infinite

Earn 10% cash back Visa Infinite benefits

APPLY NOW You will be redirected