- 4% on eligible gas station and grocery store purchases
- 2% on eligible drug store purchases and recurring bill payments
- 1% cash back on all other eligible everyday purchases
- Rates, fees and other information are effective as of March 1, 2018. Subject to change.
Information - Rates - Fees
Instant Decision Card
1 You will earn 10% cash back (the “Offer”) on the first $2,000 in eligible purchases posted to your new Scotia Momentum® Visa Infinite* credit card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back value of $200, whichever comes first (the “Offer End Date”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Offer End Date, you will earn regular cash back on purchases at the regular cash back rate described in the Scotia Momentum Visa Infinite Cash Back Program (the “Program”) that applies to the Account (the “Cash Back Program Rate”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program); and (ii) a “Bonus Cash Back Rate”. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
1. Bonus Cash Back Rate: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 2- 3 months after the Offer End Date; and
2. Regular Cash Back Rate: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under your Program (November).
EXAMPLE: If the regular Cash Back Program Rate for the Gas Stations and Grocery Stores category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. If you make $2,000 in eligible everyday purchases in the Gas Stations and Grocery Stores category, your cash back earnings will be credited to your Account as follows:
First, the Cash Back Bonus Rate of 6% x $2,000 = $120 will be credited to your Account within 2-3 months of the Offer End Date.
Secondly, the Cash Back Program Rate of 4% x $2,000 = $80 will be credited to your Account as per the regular cash back payment schedule (November).
The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
All other terms of the Scotia Momentum® Visa Infinite* Cash Back Program Terms and Conditions apply. Offer applies to a new Account only opened by April 30, 2019.
Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are not eligible for this Offer. All rates, fees, features and benefits are subject to change.
Offers may be changed, cancelled or extended and cannot be combined with any other offers.
◊ We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by April 30, 2019. Any additional supplementary cards must be issued by April 30, 2019 to qualify. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this offer.
The current annual fee is $99 for the primary card and $30 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.
†Based on a $99 annual fee waiver in the first year and a potential cash back earning of up to $200 during the offer period.
Review by CreditCardsLab Canada
These days, consumers are exposed to a vast number of financial products, whether it's credit card offers, invitations to change their banks and a host of other enticements. For most of us, though, we just want our bank accounts and credit cards to simply serve their purpose, minus the unnecessary hype. That's exactly why more are turning to ScotiaBank and its Momentum Visa offer.
The rewards program is impressive as are the cash back opportunities. In fact, many of your purchases can include up to 4 percent cash back. Other eligible purchases can earn up to 3 percent cash back. See the website for details.
For more than a century ScotiaBank has strived to provide consumers with better choices when it comes to their money. That's one reason why all of its products are designed to be affordable and secure. With Visa, card holders know there are safety mechanisms in place to protect their information. Not only that, but convenience is a priority, which is one reason why payWave is so successful. Customers also have the power of ScotiaBank, as well. Great rewards, an easy application process and two of the biggest names in the industry is our idea of a solid credit choice.
- Rewards program
- Premium benefits
- Annual fee from 2nd year
Rewards & Benefits
Merchandise Reward Cards
Universal Reward Cards
- 4% on eligible gas station & grocery store purchases
- 2% on eligible drug store purchases & recurring bill payments
- 1% cash back on all other eligible everyday purchases
- Trip Interruption Insurance
- 25% AVIS Car Rentals discount
- Visa payWave
- VISA Infinite Enhancements
- Rental Car Collision/Loss Damage Insurance
*See Terms and Conditions of the card for more benefits
The information provided for Scotia Momentum® VISA® Infinite Card is believed to be accurate at the time of evaluation (Apr 27, 2019). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.