Scotia Momentum Visa Infinite Card
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The Scotia Momentum® Visa Infinite* Card is an award-winning cash-back credit card that provides high rewards on everyday purchases. Along with comprehensive insurance coverages, this card also offers exclusive Visa Infinite benefits, making it an excellent choice for maximizing your rewards and protecting your purchases.
Welcome Offer
Earn 10% cash back on all purchases for the first 3 months, up to $2,000 in spending. Additionally, enjoy a first-year annual fee waiver, maximizing your savings and rewards from the start.
Summary
Rewards
Benefits
This credit card provides Visa Infinite benefits that enhance your lifestyle and travel experiences. Enjoy a concierge service, access to an exclusive hotel collection, and special dining and wine programs. You’ll also save on car rentals, adding more value to your trips. For convenience, the card supports tap and pay options like Visa payWave and Apple Pay, making your transactions quick and easy.
Insurance
- Travel Emergency Medical Insurance.
- Trip Cancellation/Interruption Insurance.
- Flight Delay Insurance.
- Delayed and Lost Baggage Insurance.
- New Mobile Device Insurance.
- Auto Rental Collision/Loss Damage Insurance.
Editor’s Review
Scotia Momentum® Visa Infinite* Card Review
General Overview
The Scotia Momentum® Visa Infinite* Card is an award-winning cash-back credit card that provides high rewards on everyday purchases. With comprehensive insurance coverages and exclusive Visa Infinite benefits, this card is an excellent choice for those looking to maximize rewards and protect their purchases.
Interest Rates
- Purchase APR: 20.99%
- Cash Advance APR: 22.99%
Welcome Offer
- 10% Cash Back: On all purchases for the first 3 months (up to $2,000 in spending).
- First-Year Annual Fee Waiver: For both primary and additional cardholders.
Rewards Program
- 4% Cash Back: On groceries and recurring payments.
- 2% Cash Back: On gas and daily transit purchases.
- 1% Cash Back: On all other purchases.
Fees
- Annual Fee: $120 (waived for the first year)
- Additional Cards: $50 each (waived for the first year)
Benefits
- Visa Infinite Perks: Access to a concierge service, exclusive hotel collection, and special dining and wine programs.
- Car Rental Savings: Discounts on car rentals.
- Tap and Pay: Supports Visa payWave and Apple Pay for convenient transactions.
Insurance Coverage
- Travel Emergency Medical Insurance: Coverage available.
- Trip Cancellation/Interruption Insurance: Coverage available.
- Flight Delay Insurance: Coverage available.
- Delayed and Lost Baggage Insurance: Coverage available.
- New Mobile Device Insurance: Coverage available.
- Auto Rental Collision/Loss Damage Insurance: Coverage available.
Security Features
- Standard Visa security measures, including fraud monitoring and zero liability protection.
Pros and Cons
Pros:
- Generous welcome offer with a first-year fee waiver
- High cash-back rates on groceries, recurring payments, gas, and transit
- Comprehensive insurance coverage
- Exclusive Visa Infinite benefits and perks
- Convenient tap and pay options
Cons:
- Annual fee of $120 after the first year
- Additional card fee of $50 after the first year
- Higher interest rates on purchases and cash advances
Who is this card for?
This card is ideal for individuals who:
- Spend significantly on groceries, recurring bills, gas, and daily transit.
- Want to take advantage of a strong welcome offer and fee waivers.
- Value extensive insurance coverage for travel and purchases.
- Appreciate exclusive Visa Infinite benefits and concierge services.
Comparison with Similar Cards
| Feature | Scotia Momentum® Visa Infinite* Card | CIBC Dividend® Visa Infinite* Card | TD Cash Back Visa Infinite* Card |
|---|---|---|---|
| Annual Fee | $120 (waived first year) | $120 (waived first year) | $120 |
| Purchase APR | 20.99% | 20.99% | 20.99% |
| Cash Advance APR | 22.99% | 22.99% | 22.99% |
| Rewards | 4% on groceries, recurring bills, 2% on gas, transit, 1% on other purchases | 4% on gas, groceries, dining, 1% on other purchases | 3% on groceries, gas, recurring bills, 1% on other purchases |
| Welcome Offer | 10% cash back for first 3 months | 10% cash back for first 4 months | 10% cash back for first 3 months |
| Travel Insurance | Comprehensive | Comprehensive | Comprehensive |
Final Verdict
The Scotia Momentum® Visa Infinite* Card offers substantial cash-back rewards and a wide range of benefits, making it a top choice for those who want to maximize rewards on everyday purchases. With an attractive welcome offer and first-year fee waiver, this card provides significant value upfront. While the annual fee and additional card fee apply after the first year, the high cash-back rates and comprehensive insurance coverage can easily justify these costs.
Overall Score: 8.5/10
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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