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Scotia Momentum Visa Infinite credit card full review

If you're looking for a great all-around credit card, the Scotia Momentum Visa Infinite is definitely worth your attention. With generous rewards and plenty of features, this card has something to offer everyone. Read our review to see more!

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by Aline Barbosa

Published on 04/11/2022

Scotia Momentum Visa Infinite credit card: Get rewarded for your everyday spending

Scotia Momentum Visa Infinite card
Scotia Momentum Visa Infinite credit card full review. Source: Stealth Capitalist.

The Scotia Momentum Visa Infinite credit card is a top-of-the-line rewards card that offers a generous sign-up bonus and high cash back rates for groceries and recurring bills. The $120 annual fee is waived during the first year of membership, making it a great option for those looking to get their feet wet in the world of rewards cards. If you want to learn more about its features, as well as perks and potential drawbacks, read on for our full Scotia Momentum Visa Infinite review!

Credit ScoreGood – Excellent
Annual Fee$120 (waived during its first year)
Regular APR20.99%
Welcome bonus10% cash back on up to $2,000 on purchases made during the first three months
Rewards4% cash back on groceries and recurring payments;
2% cash back on gas and daily transit;
1% cash back on everything else.
Scotia Momentum Visa Infinite cards

How to apply for a Scotia Momentum Visa Infinite?

See the application process for the Scotia Momentum Visa Infinite credit card and learn how to start earning high cash back rates today!

How does Scotia Momentum Visa Infinite work?

Issued by Scotiabank, the card has a Visa Infinite signature with wordwide acceptance. Its $120 annual fee is waived during the first year of card membership. The card has no introductory APR period, and the interest rate for purchases is 20.99%. New cardholders get a 10% cash back bonus up to $2000 on purchases within the first 90 days.

With this card, you get a 4% return on groceries and recurring payments, like streaming services. There is a 2% cash back rate for gas and daily transit expenses, and 1% unlimited cash back on all other purchases. 

Even though the Scotia Momentum Visa Infinite benefits don’t include many travel-related benefits, its Visa Infinite signature provides all clients with a comprehensive list of travel insurances and complimentary perks. With it, you can enjoy 24/7 concierge services and Luxury Hotel Privileges when traveling anywhere Visa is accepted. 

The main drawback to this card is that all cash back earned is redeemable once a year. This could become an issue for new clients who’d like to use their bonus points to help cover expenses.

Scotia Momentum Visa Infinite Credit Card benefits: pros and cons

cash back card
What are this card’s benefits and cons? Source: Adobe Stock.

This credit card offers some of the high cash back rates in Canada. However, like all credit products it also has a few disadvantages that might not appeal to all new customers. Check its pros and cons below in our Scotia Momentum Visa Infinite review so you can decide if it’s the right fit for your needs. 

Pros

  • Generous sign-up bonus;
  • High cash back rates for groceries and recurring bills;
  • Comprehensive insurance coverage;
  • Annual fee waived in the first year.

Cons

  • Cash back is redeemable only once a year;
  • Average flat rate on all other purchases;
  • Requires a minimum $60,000 annual income for eligibility.

Does my credit score need to be good?

The Scotia Momentum Visa Infinite credit card is geared towards those with excellent credit scores, so your credit score will likely need to be in good shape before you’ll be approved. You’ll also need to fill Scotiabank’s minimum income requirements to become eligible for this card. 

Want to apply for Scotia Momentum Visa Infinite Credit Card?

There are a few ways to apply for the Scotia Momentum Visa Infinite credit card. You can either go online, visit a Scotia bank branch, or call the Scotia Momentum Visa Infinite line. The process is very simple and only takes a few minutes to complete.

If you’re interested in the Scotia Momentum Visa Infinite benefits and would like to know more about its application process, follow the link below and we’ll show you how to apply for this product!

Scotia Momentum Visa Infinite cards

How to apply for a Scotia Momentum Visa Infinite?

See the application process for the Scotia Momentum Visa Infinite credit card and learn how to start earning high cash back rates today!

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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