Scotia Momentum Visa Infinite: Perks, Costs & Who It’s For

If you’re looking for a credit card that rewards your everyday spending while giving you travel perks and comprehensive insurance coverage, the Scotia Momentum Visa Infinite Credit Card* might just tick all the boxes. With generous cashback rates, premium benefits, and no annual fee in the first year, this card is a strong contender for anyone who wants to make the most out of their purchases.

In this article, we’ll dive deep into everything you need to know about this card — from cashback structure to travel insurance, fees, eligibility, and whether it’s the right fit for your financial goals.

What Is the Scotia Momentum Visa Infinite Credit Card?

The Scotia Momentum Visa Infinite is a premium cashback credit card offered by Scotiabank, one of Canada’s major financial institutions. Designed for people who want to earn high rewards on daily purchases like groceries, gas, and recurring bills, it stands out in a crowded market of cashback cards.

Key Highlights:

• Up to 4% cashback on everyday purchases

• Welcome bonus: First-year annual fee waived + intro cashback

• Comprehensive insurance package

• Access to Visa Infinite benefits

• Global acceptance wherever Visa is accepted

Let’s break down these perks and see what they really mean for you.

Cashback Rewards: How Much Can You Earn?

One of the biggest reasons people choose the Scotia Momentum Visa Infinite is for its high cashback rate on essential categories.

Here’s the cashback breakdown:

• 4% on groceries and recurring bill payments (like subscriptions and phone bills)

• 2% on gas and daily transit (public transit, taxis, ride shares)

• 1% on all other purchases

These are impressive rates, especially the 4% cashback on groceries — something most households spend a lot on each month. Plus, the 2% on gas and transit helps frequent drivers or commuters save a little more with every ride.

Pro tip: The 4% and 2% cashback rates apply to the first $25,000 in annual purchases in those categories. After that, you’ll earn the base 1%.

Welcome Offer: A Strong Start

Scotiabank often offers a welcome bonus for new cardholders. At the time of writing, this includes:

• First-year annual fee waived (normally CAD $120)

• Up to 10% cashback on purchases in the first 3 months (on up to CAD $2,000 in spending)

This could mean a quick return of up to CAD $200 in your pocket — just for using the card like you normally would.

Visa Infinite Benefits: Extra Perks That Add Real Value

Being part of the Visa Infinite network means cardholders get access to a suite of premium benefits that go beyond cashback.

Some of the standout perks include:

• Visa Infinite Concierge Service: Need help with dinner reservations, event tickets, or trip planning? This 24/7 service is available to assist.

• Luxury hotel privileges: Enjoy room upgrades, late checkout, and complimentary breakfast at select hotels.

• Dining and wine experiences: Exclusive access to Visa Infinite dining series and wine country events in Canada.

For frequent travelers or those who enjoy the finer things in life, these benefits can really enhance your lifestyle — and save you money.

Travel and Purchase Insurance Coverage

The Scotia Momentum Visa Infinite also includes a robust insurance package that covers:

• Travel emergency medical insurance (up to 15 days for those under 65)

• Trip interruption/cancellation

• Rental car collision/loss damage waiver

• Flight delay insurance

• Lost or stolen baggage

• Purchase security and extended warranty protection

Having these protections built into your credit card means peace of mind, especially when you’re traveling or making big purchases. It can save you from having to buy extra insurance when booking trips or renting cars.

Annual Fees and Interest Rates

While this card comes with impressive features, it’s not without its costs. Here’s what you should know:

• Annual fee: CAD $120 (waived in the first year)

• Additional card fee: CAD $50 per card

• Purchase interest rate: 20.99%

• Cash advance interest rate: 22.99%

Although the annual fee might seem high, it’s easily offset if you maximize your cashback rewards and use the insurance and Visa Infinite perks.

Eligibility Requirements

To qualify for the Scotia Momentum Visa Infinite, you need to meet certain criteria:

• Minimum annual income of CAD $60,000 (or household income of $100,000)

• Canadian residency and good to excellent credit score

• Age of majority in your province or territory

If you don’t meet the income requirement, Scotiabank offers other cashback cards with lower thresholds — though with fewer perks.

Is the Scotia Momentum Visa Infinite Credit Card Right for You?

This card shines for people who:

• Spend a lot on groceries, bills, and gas

• Want premium benefits without paying extra upfront

• Travel frequently and value strong insurance coverage

• Have a solid credit profile and meet the income requirements

However, if you carry a balance month-to-month, the interest rates can quickly wipe out your rewards. In that case, a low-interest card might be a better fit.

A Smart Choice for Savvy Spenders

The Scotia Momentum Visa Infinite Credit Card offers serious value — especially for families, commuters, and professionals who want to be rewarded for their regular spending. With up to 4% cashback, great insurance coverage, and Visa Infinite privileges, it combines earning power with peace of mind.

The first-year free offer makes it even more tempting to try. If you can pay off your balance in full each month and use the card strategically, this card can more than pay for itself.

Ready to Apply?

You can apply for the Scotia Momentum Visa Infinite Credit Card online through Scotiabank’s official website. Make sure to check the latest terms, welcome offers, and eligibility criteria before applying.

Interested? Click the button and we’ll take you straight to the official bank website, where you can submit your application.