Scotia Momentum VISA Infinite Card

Consumer (Premium) Card Offer from Scotiabank.


Basic Information

  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).1 Plus, no annual fee in the first year.◊ A welcome offer of up to $299.†
  • 4% on eligible gas station and grocery store purchases
  • 2% on eligible drug store purchases and recurring bill payments
  • 1% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of March 1, 2018. Subject to change.

N/A* Intro APR

N/A*Intro APR Period

Good*Credit Needed

See Terms*Grace Period

N/A*Late Payment Fee



APR: 19.99%*
Card Network:VISA
Card Type:- Co-Branded
- Instant Decision Card
- Reward Card

Card Review


Product Rating:
Ratings (4.5 out of 5)

Looking for an exceptional credit card offer? One that delivers a host of benefits without the crushing rules that make it hard to use those benefits? Your good credit and spending habits are rewarded. Scotia Visa Infinite credit card. You'll enjoy layers of protection, courtesy of the most advanced technological security features built into every Visa credit card and other security benefits you'll only find with ScotiaBank. With so much going on in our busy lives, the last thing we need to worry about is the security of our financial products. The latest technology incorporates a number of measures that are focused on confidentiality, which further protects your information.

A few of the many benefits include a generous starting credit line, up to 4 percent back on eligible purchases and when you set up recurring payments for those monthly expenses, such as our mortgages, insurance premiums and utilities and if you travel, you'll enjoy protections other financial offers can't match.

The review is prepared by staff. Opinions expressed therein are solely those of the reviewer.

Rewards & Benefits

Reward Types:- Gas Reward Cards
- Merchandise Reward Cards
- Universal Reward Cards
Rewards:- 10% cash back on all purchases for the first 3 months (Terms apply)
- 4% on eligible gas station & grocery store purchases
- 2% on eligible drug store purchases & recurring bill payments
- 1% cash back on all other eligible everyday purchases
Other Benefits:- 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
Credit Reporting:Yes

Card Finance & Rates

Introductory APR:N/A*
Applied Towards:Balance Transfer, Cash Advance
Introductory Period:N/A*
APR on Purchases: 19.99%*
Annual Fee:$99 Waived for the first year*
Minimum Credit Line:$5,000

Balance Transfers

Balance Transfer:Yes*

Cash Advances

APR on Cash Advances:22.99%

Other Fees

Additional Fees: Foreign Currency Conversion: 2.50 %

Notes

1 You will earn 10% cash back (the “Offer”) on the first $2,000 in eligible purchases posted to your new Scotia Momentum® Visa Infinite* credit card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back value of $200, whichever comes first (the “Offer End Date”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Offer End Date, you will earn regular cash back on purchases at the regular cash back rate described in the Scotia Momentum Visa Infinite Cash Back Program (the “Program”) that applies to the Account (the “Cash Back Program Rate”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program); and (ii) a “Bonus Cash Back Rate”. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
1. Bonus Cash Back Rate: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 2- 3 months after the Offer End Date; and
2. Regular Cash Back Rate: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under your Program (November).

EXAMPLE: If the regular Cash Back Program Rate for the Gas Stations and Grocery Stores category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. If you make $2,000 in eligible everyday purchases in the Gas Stations and Grocery Stores category, your cash back earnings will be credited to your Account as follows:
First, the Cash Back Bonus Rate of 6% x $2,000 = $120 will be credited to your Account within 2-3 months of the Offer End Date.
Secondly, the Cash Back Program Rate of 4% x $2,000 = $80 will be credited to your Account as per the regular cash back payment schedule (November).

The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

All other terms of the Scotia Momentum® Visa Infinite* Cash Back Program Terms and Conditions apply. Offer applies to a new Account only opened by April 30, 2019.
Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are not eligible for this Offer. All rates, fees, features and benefits are subject to change.
Offers may be changed, cancelled or extended and cannot be combined with any other offers.

◊ We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by April 30, 2019. Any additional supplementary cards must be issued by April 30, 2019 to qualify. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this offer.
The current annual fee is $99 for the primary card and $30 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.

†Based on a $99 annual fee waiver in the first year and a potential cash back earning of up to $200 during the offer period.


The information provided for the Scotia Momentum VISA Infinite Card is considered to be accurate at the time of posting (Mar 1, 2019). However, we strongly advise site visitors to check the terms and conditions applicable to the product on the card issuers application page prior to completing an application.


Application Security

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