Scotia Momentum® Visa or Scotia Momentum® Visa Infinite: card comparison
Learn all the pros and cons of two unique credit cards from Scotiabank. And then decide wisely which one fits your profile better: Scotia Momentum® Visa or Scotia Momentum® Visa Infinite?
by Aline Augusto
Scotia Momentum® Visa card vs. Scotia Momentum® Visa Infinite card: which is the best?
Scotiabank features a variety of credit cards for its customers, like the Scotia Momentum® Visa or Scotia Momentum® Visa Infinite. They’re made for different profiles, with people who have different needs and financial goals.
Some cards offer great rewards; others provide travel benefits. Also, there are some designed for students. And there are credit cards for those who look for low-interest rates and zero annual fees.
Whether the card you choose, you must keep in mind your financial planning, as well as your objective.
Today, we will compare the Scotia Momentum® Visa card and Scotia Momentum® Visa Infinite. Take a look at this card comparison article to choose wisely which fits your wallet better.
How to apply for a Scotia Momentum® Visa card?
Scotia Momentum® Visa credit card gives you cash back, protection, warranty, and more, with low fees. Check out how to apply for it!
How to get a Scotia Momentum® Visa Infinite card?
The Scotia Momentum® Visa Infinite credit card features cash back and no annual fee in the first year. Learn how to apply for it right now!
|Scotia Momentum® Visa||Scotia Momentum® Visa Infinite|
|Sign-up bonus||Introductory APR of 2.99% on balance transfers in the first 6 months||10% cash back on all purchases in the first 3 months|
|Annual fee||$39||$0 in the first year;|
|Rewards||2% cash back on eligible gas stations, drug store, grocery store, and recurring bill payments;|
1% cash back on other eligible purchases
|4% cash back on groceries, subscription purchases, and recurring bill payments;|
2% on daily transit and gas;1% on all other purchases
|Other perks||Car rentals benefits,|
Extended Warranty Protection,
|24/7 Concierge service,|
Visa Infinite* Hotel Collection & Dining and Wine Country program,
car rentals benefits,
Insurance for trip cancellation & trip interruption,
Rental Car Collision Loss or Damage Insurance,
Travel Emergency Medical Insurance,
new cell phone or tablet insurance
|APR||From 19.99% to 22.99% (purchases and cash advances, including balance transfers, cheques, and transactions)||From 20.99% to 22.99% (purchases and cash advances)|
Scotia Momentum® Visa Card
This Visa is a fantastic option for those who are searching for rewards and an excellent introductory offer.
The Scotia Momentum® Visa gives you 2% cash back on eligible gas stations, drug stores, grocery stores, and recurring bill payments. Also, it offers 1% cash back on all other eligible purchases.
Basically, you earn rewards on everyday purchases. Which is pretty good since it is the category you probably most spend on.
Although it charges $39 as an annual fee, the card provides an introductory interest rate on balance transfers of 2.99% in the first six months.
After that period, the APR is 19.99% on purchases, and 22.99% on cash advances. That includes balance transfers, cheques, and transactions.
Moreover, the minimum credit limit is $500, and each additional card is $15 per year.
Besides the rewards and special offers, this Visa comes with some extra benefits. You can get car rentals discounts, extended warranty protection, and purchase security.
Other possibilities for coverage are optional.
Furthermore, Scotiabank provides support and online and mobile services for you to manage your credit card and bills.
You will be redirected to another website
Scotia Momentum® Visa Infinite credit card
On the other hand, if you want a complete package of benefits and perks, you should take a moment to meet the Scotia Momentum® Visa Infinite credit card.
When it comes to rewards, no other card can beat this one. This Visa Infinite has become one of the most awarded cards in 2020, 2021, and 2022.
First of all, as a special offer, it gives you 10% cash back on all purchases in the first three months by the limit of $2,000 in total purchases.
After that, you earn 4% cash back on recurring payments and groceries. Plus, a 2% cash back on daily transit and gas, and 1% cash back on everything else.
Besides the rewards, the card offers 24/7 concierge service and exclusive access to hotel collection, dining, and wine country experiences.
And a complete package of insurance and coverage that includes travel emergencies insurance, extended warranty protection, purchase security, new mobile devices protection, and much more.
Of course, all those advantages come with a price. The annual fee is $120, and the APR ranges from 20.99% on purchases to 22.99% on cash advances.
But it waives the annual fee in the first year, and the minimum credit limit is $5,000.
Benefits of Scotia Momentum® Visa Card credit card
This card offers a fantastic welcome bonus and an amazing reward structure. It is definitely a good choice for those who use the card on a daily basis for everyday purchases.
The interest rate in the first six months is 2.99% on balance transfers, and you get some insurance coverage, too.
Benefits of Scotia Momentum® Visa Infinite credit card
There are many benefits of carrying this credit card in your wallet. Besides the exceptional rewards, the card is excellent for those who travel a lot.
Since it offers a complete insurance coverage package, you can enjoy exclusive experiences and be supported all the time.
Disadvantages of Scotia Momentum® Visa Card
Unfortunately, this Momentum Visa comes with an annual fee. Also, the insurance coverage is quite simple, as it only includes Extended Warranty Protection and Purchase Security.
Disadvantages of Scotia Momentum® Visa Infinite card
Even though this Scotia Momentum Infinite offers many rewards and benefits, it charges a high annual fee of $120 per year and $50 for each supplementary card.
Also, it requires a high minimum income to qualify.
Scotia Momentum® Visa Card or Scotia Momentum® Visa Infinite card: which you should choose?
If you meet the requirements and have the opportunity to pay a high annual fee, the Infinite card is a fantastic option, especially for those who travel a lot.
On the other hand, if you need a reasonable credit card to focus on your daily routine, the Scotia Momentum® Visa Card might be best.
However, if you are looking for a option with no annual fee, see below!
How to get the Scotia Momentum® No-Fee Visa card?
If you love car rental discounts and cash back, read our post about the Scotia Momentum® No-Fee Visa card application!
BMO eclipse Visa Infinite credit card full review
Do you need a card with great travel perks and rewards? Read our BMO eclipse Visa Infinite credit card review to learn more!Keep Reading
Neo Financial Money account review
See how to own an account with one of the highest interest margins in the market! Check our Neo Financial Money account review to learn more!Keep Reading
CUMIS Home Insurance review: solutions for credit unions
Check out the CUMIS Home Insurance review post and learn how it works. CUMIS provides great insurance solutions to Canada's credit unions.Keep Reading
You may also like
GO2bank™ review: is it the best choice for you?
Are you looking for a better banking experience? Look no further than GO2bank™. Read our GO2bank™ review!Keep Reading
Gemini Credit Card® application: how does it work?
Did you know a Gemini Credit Card® requires a Gemini Account to apply for? Well, this card can earn up to 3% in crypto! Read on for more!Keep Reading
Capital One Quicksilver Student Cash Rewards Credit Card application: how does it work?
A student credit card can help you build credit and earn cash back. Keep reading to understand how to apply for the Capital One Quicksilver Student Cash Rewards Credit Card!Keep Reading