- First year annual fee waived.
- Earn 4% Cash Back on Groceries and Recurring Bill Payments
- Earn 2% Cash Back on Gas and Daily Transit (NEW)
- Earn 1% Cash Back on all other eligible everyday purchases
- Rates, fees and other information are effective as of August 1, 2019. Subject to change.
4.5 / 5.0 (5 votes)
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Information - Rates - Fees

Intro APR:
N/A*
Applied Towards:
Balance Transfer
Cash Advance
Intro Period:
N/A*
APR:
20.99%*
Annual Fee:
$120 Waived for the first year*
Issuer:
Card Network:
Card Category:
Consumer (Premium)
Card Type:
Co-Branded
Instant Decision Card
Reward Card
Credit Needed:
Good*
Grace Period:
See Terms*
Min Credit Line:
$5,000
Late Payment Fee:
N/A*
Over Limit Fee:
$29.00

Balance Transfers

Balance Transfer:
Yes

Cash Advances

APR on Cash Advances (%):
22.99%

Other Fees

Additional Fees
Foreign Currency Conversion: 2.50 %
Each Additional card: $50.00

Comments

HOW TO EARN A 4% CASH BACK RATE:
You will earn 4% Cash Back on the first $25,000 you spend annually on purchases on the Account at merchants classified in the Visa Inc. (VISA) network as Grocery Stores & Supermarkets (Merchant Code 5411) and Recurring Bill Payments. Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Scotia Momentum® VISA Infinite* card. Recurring Bill Payments are typically for telecommunication, insurance, membership, subscription payments, etc. Not all merchants offer recurring bill payments (please check with your merchant to see if they offer recurring bill payments on VISA cards). Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by VISA in another manner, in which case this added benefit would not apply.

HOW TO EARN A 2% CASH BACK RATE:
You will earn 2% Cash Back on the first $25,000 you spend annually on purchases made at merchants classified in the VISA network in the categories of Gas (includes Service Stations (with or without Ancillary services), and Automated Fuel Dispensers) (Merchant Codes 5541 & 5542) and Daily Transit (including Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services (Not Elsewhere Classified)). (Merchant Codes 4111, 4112, 4121, 4131, 4789)

HOW TO EARN A 1% CASH BACK RATE:
You will earn 1% Cash Back on purchases made after you have reached the 4% and 2% $25,000 annual spend maximum and on all other eligible purchases made on the Account. All Merchant Category Codes are subject to change.

Review by

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.

Features

Most attractive:
- Intro rates
- Rewards program
- Premium benefits
Least attractive:
- International transaction fee
- Annual fee from 2nd year

Rewards & Benefits

Reward Types:
Gas Reward Cards
Merchandise Reward Cards
Universal Reward Cards
Reward Unit:
Cash
Rewards:
- Earn 4% Cash Back on Groceries and Recurring Bill Payments
- Earn 2% Cash Back on Gas and Daily Transit (NEW)
- Earn 1% Cash Back on all other eligible everyday purchases
Expiration:
None*
Yearly Limit:
$25,000 for 4% and 2% rewards category earnings
Other Benefits:
- Trip Cancellation Insurance
- Mobile Device Insurance
- Travel Emergency Medical Insurance
- 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
Online Access:
Yes!

The information provided for Scotia Momentum® VISA® Infinite Card is believed to be accurate at the time of evaluation (Sep 17, 2019). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.

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