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4.7

Best for Canadians who like cash-back rewards and travel perks.

This card is a great choice for folks who want to turn everyday spending into elevated travel adventures, premium hotel perks and exclusive experiences.

Learn more about how we evaluate cards.

The Scotia Momentum Visa Infinite Card is a cash-back credit card that offers a generous cash back rate on groceries and a few travel rewards, such as insurance coverage and access to exclusive hotel perks.

Your cash back rewards can be deposited into an eligible Scotiabank Canadian dollar personal chequing or savings account, or redeemed as a statement credit.

Annual Fee

$120

Open a new Scotia Momentum® Visa Infinite* credit card account by October 31, 2024 to qualify.

Waived first year
Interest Rates

20.99% / 22.99%

20.99% on purchases, 22.99% on cash advances.
Rewards Rate

1%-10%

10% intro offer (Ends October 31, 2024), Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases. Earn 2% for every $1 you spend on gas purchases and daily transit purchases. Earn 1% cash back on all other purchases with no cash back limit.
Intro Offer

Up to $200

Earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases). Must open a new account by October 31, 2024.

Apply Now

SPECIAL OFFER: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends October 31, 2024.
Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
Earn 1% cash back on all other purchases with no cash back limit.
Redeem cash back as a statement credit in November.
Visa Infinite benefits, including Visa Infinite* Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and entertainment and lifestyle offers.
Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
Access to Scotia SelectPay™.
To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or $250,000 minimum assets under management. Also, you must have a Canadian credit file and be a Canadian resident that is the age of majority in the province or territory where you live.
Terms and Conditions Apply. Click ‘Apply Now’ for complete details.

Scotia Momentum Visa Infinite Card full review

Even though the Scotia Momentum Visa Infinite Card offers some pretty sweet travel perks, you don’t need to be a frequent traveller to make use of it. The card’s generous cash-back earning potential on everyday purchases like groceries and gas should help you maximize its value.

Benefits of the Scotia Momentum Visa Infinite Card

Complimentary breakfast and WiFi, and late checkout privileges at over 900 Visa Infinite Luxury Hotel Collection hotels worldwide. Plus automatic room upgrades (when available).
Exclusive access to culinary events through Visa Infinite Dining Series.
Complimentary tastings and discounted deliveries from select wineries in Ontario and British Columbia, as well as in-person benefits at wineries in California’s Sonoma Valley, provided by Visa Infinite Wine Country.
Complimentary concierge services, which can help you arrange your next vacation, party or special gift purchase.
A comprehensive suite of insurance coverage, such as travel medical and flight delay.

Drawbacks of the Scotia Momentum Visa Infinite Card

No flight-related benefits, like free checked bags, priority boarding services or airport lounge access.
Minimum income requirements of $60,000 for individuals, $100,000 for households, or $250,000 in assets under management may deter some users.

Who should get the Scotia Momentum Visa Infinite Card?

With a 4% earn rate on groceries and 2% on gas and transit costs, the Scotia Momentum Visa Infinite Card will be most valuable for frequent drivers and larger households with steep grocery bills. It may also please Canadians who like to elevate their travelling adventures with premium hotel perks and exclusive experiences.

Is Scotia Momentum Visa Infinite Card worth it?

It shouldn’t be difficult to get your money’s worth out of the Scotia Momentum Visa Infinite Card. You’d need to spend $3,000 on groceries per year to earn $120 cash back, enough to offset the annual fee. That breaks down to $250 a month — and doesn’t count spending in other categories.

Scotiabank customer ratings

Below average in customer satisfaction: Scotiabank ranks 7th out of 13 banks in J.D. Power’s 2023 Credit Card Satisfaction Study[1].
Low Trustpilot rating: Scotiabank scored 1.3 out of 5 possible stars based on over 880 customer reviews, as of this writing.
Low Better Business Bureau rating: 1.19 out of 5 possible stars based on over 110 customer reviews, as of this writing.

Scotia Momentum Visa Infinite Card eligibility

Who qualifies for the Scotia Momentum Visa Infinite Card?

To qualify for the Scotia Momentum Visa Infinite Card, you must:

Be a Canadian resident.
Be the age of majority in the province or territory where you live.
Not have declared bankruptcy in the past seven years.
Meet one of the minimum income requirements:
- $60,000 in individual income
- $100,000 in household income, or
- $250,000 in assets under management.

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for.

Want to learn more? Visit our “What Credit Score is Needed for a Credit Card?” page.

Scotia Momentum Visa Infinite Card rewards

Welcome offer

Ongoing rewards

Intro offer value

Earn 10% cash back in the first three months of card ownership, up to a total spend of $2,000. Offer expires Oct. 31, 2024.

Earn 4% cash back on groceries, recurring bills and subscriptions.
Earn 2% cash back on gas and other transit purchases.
Earn 1% cash back on everything else.

After you reach an annual spending limit of $25,000, the 4% and 2% earn rates drop to 1%.

You could earn over $300 by taking advantage of Scotia Momentum Visa Infinite Card’s introductory offers in the first year:

10% cash back on all purchases in the first three months up to a maximum of $2,000 equals $200.
Savings from the annual fee rebate on the primary card in the first year equals $120. Additional cards, such as for a partner, are also free for the first year — a $50 savings.

Point value breakdown

One percent cash back is equal to $0.01. So for each dollar you spend that’s eligible for cash back with the Scotia Momentum Visa Infinite credit card, you’ll earn $0.01.

How to apply for the Scotia Momentum Visa Infinite Card

If you meet the Scotia Momentum Visa Infinite Card’s eligibility requirements, the application process is fairly simple:

Click on the Apply Now button on the Scotia Momentum Visa Infinite card page.
Read, understand and accept the card’s rates and fees.
Enter your personal details, like name and contact details. Agree to Scotiabank’s Privacy Agreement.
Create a username and password.
Verify your identity.
Submit any required personal data, such as employment information and annual income.

Scotia Momentum Visa Infinite Card vs BMO CashBack World Elite Mastercard

	Scotia Momentum Visa Infinite Card	BMO CASHBACK WORLD ELITE MASTERCARD
Annual fees	$120.	$120.
Minimum annual income	$60,000 in individual income, $100,000 in household income, or $250,000 in assets under management.	$80,000 in individual income or $150,000 per household.
Rewards	4% on groceries, subscriptions and recurring bill payments. 2% on gas and transit purchases. 1% on all other purchases.	5% on groceries. 4% on transit. 3% on gas and electric vehicle charging. 2% on recurring bill payments. 1% on all other purchases.
Benefits	Access to Visa Infinite perks, such as Visa Infinite Concierge Service, Visa Infinite Hotel Collection, and the Visa InfinitE Dining and Wine Country program. Up to 25% discount on base rates at AVIS and Budget rental cars.	Free membership to Mastercard Travel Pass, which grants airport lounge access for $32 USD per person. Access to Boingo Public Wi-Fi. Up to 25% discount at National Car Rental and Alamo Rent a Car.

Reasons you might want a different card

If you’re looking for a card with higher cash-back rates on travel-specific purchases, or prefer travel benefits that include flying and airport perks, you may want to consider another card.

Scotia Momentum Visa Infinite Card facts

Scotia Momentum Visa Infinite Card
Card type	Cash back credit card.
Fees and interest rates
Annual fee	$120.
Regular/purchase APR	20.99%.
Penalty APR	25.99% if you miss two payments within 12 months. This penalty APR will stay in place until you’ve made 12 consecutive payments on time.
Cash advance APR	22.99%.
Cash advance fee	$5 to $7.50 per transaction, depending on where the transaction takes place.
Balance transfer APR	22.99%.
Balance transfer fee	$5.
Foreign transaction fee	2.5% of the transaction amount.
Rewards and benefits
Intro offer	In the first three months of card use, the Scotia Momentum Visa Infinite Card offers 10% cashback on all purchases, up to a maximum spend of $2,000.
Reward earn rates	4% cash back on eligible grocery store purchases, subscriptions and recurring bill payments. 2% cash back on gas and daily transit purchases, such as buses, taxis, trains and rideshare services. 1% cash back on all other purchases.
Other perks	Comprehensive travel insurance coverage. Access to Visa Infinite Concierge service, 24/7. Hotel benefits, like automatic room upgrades, late checkout and free breakfast through the Visa Infinite Hotel Collection. Access to exclusive food and drink experiences through the Visa Infinite Dining and Wine Country program.
Insurance coverage
Travel accident	Up to $500,000 per covered person, and $1 million per event.
Travel medical	Up to $1 million per insured person per trip.
Flight delay	Up to $500.
Delayed and lost baggage	Up to $500.
Trip cancellation	Up to $1,500 per insured person for trip cancellations with a maximum of $10,000 per trip, and up to $2,000 per insured person for trip interruptions with a maximum of $10,000 per trip.
Rental car theft/damage	For up to 48 days.
Extended warranty	Up to one additional year.
Purchase Protection	90 days.
Mobile Device Protection	Up to $1,000 of mobile device protection in case of loss, theft, accidental damage or mechanical issues. Conditions apply.

Rating methodology

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

Visa Infinite typically offers travel benefits that standard Visa credit cards do not, including automatic room upgrades at over 900 hotels around the world, access to exclusive dining and wine-tasting events and complimentary concierge services.

To be approved for a card like the Scotia Momentum Visa Infinite you’ll need a personal income of at least $60,000, a combined household income of $100,000, or $250,000 in assets under management. The exact credit score you’ll need isn’t publicly available, but a 660 or better increases your chance of approval for cards that offer premium rewards.

J.D. Power, “J.D. Power 2023 Canada Credit Card Satisfaction Study,” accessed October 12, 2023.

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