Scotia Momentum® Visa Infinite credit card full review
Scotia Momentum® Visa Infinite is an award-winning cash back card with no annual fee in the first year. Keep reading to learn all about it!
Scotia Momentum® Visa Infinite credit card
Check out our Scotia Momentum® Visa Infinite card review to learn more about this great financial product!
So, this credit card won awards from 2019 to 2021 as the best cash back rewarding card on the market.
That is because it offers you up to 4% cash back on your daily purchases, including subscriptions like Netflix.
Also, it features a special offer: a $0 annual fee for the first year.
Keep reading to learn more!
|Credit Score||Good – Excellent|
|Annual Fee||$120 (free in the first year)|
|Regular APR||From 20.99% to 22.99%|
|Rewards||Up to 4% cash back|
How does the Scotia Momentum® Visa Infinite credit card work?
This special Visa card features one of the best rates in cash back rewards, as follows:
- 4% cash back on eligible grocery and supermarkets purchases;
- 4% cash back on eligible recurring bill and subscription payments;
- 2% cash back on eligible gas purchases;
- 2% cash back on eligible daily transit purchases;
- 1% cash back on all other purchases.
You can redeem this reward each November, with no limit.
Also, this Scotia Momentum® Visa Infinite card offers a full range of benefits that includes: travel and mobile insurance, Visa special events, 24/7 Concierge Services, extended warranty, and more.
Considering all the card offers annual fee seems reasonable. Also, it is free in the first year, including supplementary cards.
You will be redirected to another website
Scotia Momentum® Visa Infinite credit card benefits
Scotia Momentum® Visa Infinite might be the right choice for you if you are a Canadian looking for a credit card that provides cash back on all purchases.
You can earn up to 4% cash back on your daily payments and with no annual fee in the first year.
But note that after this period, you will pay $120 annually.
Also, note that the regular APR varies from 20.99% to 22.99% on purchases and balances.
On the contrary, the credit card offers travel and telephone insurance, some Visa experiences, privileges and events, concierge service, and more.
So, the fees end up being reasonable considering all the benefits.
- No annual fee in the first year
- Up to 4% cash back
- Visa Dining & Music Series
- Hotel Privileges
- 24/7 concierge services
- Travel, baggage delay & loss insurance
- Car rental insurance
- Extended warranty
- Travel medical and travel accident insurance
- Annual fee
- Requires minimum income
- Requires good-perfect credit score
How good does your credit score need to be?
If you want to apply for this card, you should first check the requirements, as follows:
- At least a good credit score, and
- $60,000 per year minimum income, or
- $100,000 minimum household income, or
- $250,000 minimum assets.
How to apply for a Scotia Momentum® Visa Infinite credit card?
If you check all the requirements above, you can now apply for this Visa. So, learn how to do it by reading the post below.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Tangerine Money-Back credit card full review
With a Tangerine Money-Back credit card, you can get rewards with no annual fee. So, check out our Tangerine Money-Back full review!Keep Reading
How to apply for the CIBC Aventura Visa Infinite?
Learn how to apply for the CIBC Aventura Visa Infinite and enjoy the generous welcome bonus and other exclusive benefits this card offers.Keep Reading
You may also like
Aeroplan® Credit Card review: Up to 50k bonus points
Get an Air Canada's Aeroplan® Credit Card review. Earn up to 3X points on all purchasesa and 500 bonus points for every $2k spent in a calendar month!Keep Reading
Investing for students: how to get started today!
This guide will help you start investing today if you're a student. Learn six steps to learn about investing for students and start your investment journey!Keep Reading
Blue Cash Preferred® Card from American Express review
This Blue Cash Preferred® Card from American Express review simplifies cash back rewards and great benefits this card offers so that you can check if it works for you. Read on!Keep Reading