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Want a cashback card that gives you money back on groceries, bills, and daily expenses?
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The Scotiabank Momentum Visa Infinite headline offer gives new cardholders 10% cash back on purchases during the first three months after account opening. This Momentum Visa Infinite review focuses on that welcome offer Canada consumers are searching for, and it frames the card as a premium cash back credit card Canada buyers consider when they want strong short-term rewards.
This article is written for Canadian consumers who want clear, practical advice. We’ll break down the welcome offer mechanics, explain how 10% cash back is calculated and posted, and outline ongoing rewards and fees. You’ll also get tips on eligibility, application timing, and ways to protect and manage the card in everyday use.
Later sections cover real-world examples, comparisons with rival cards, and strategies to maximize value after the promo ends. All information is current for Canada; verify live terms and conditions at scotiabank.com before you apply, since bank offers and rates can change.
Scotiabank Momentum Visa Infinite
Key Takeaways
- The Scotiabank Momentum Visa Infinite offers 10% cash back for the first three months as a welcome offer Canada.
- This Momentum Visa Infinite review shows both short-term gains and ongoing rewards to evaluate long-term value.
- Learn how rewards are calculated, posted, and redeemed to make the most of the promo period.
- Check eligibility rules, required documents, and application timing to improve approval odds.
- Verify current terms at scotiabank.com before applying, since offers and rates can change.
Scotiabank Gold Amex vs Passport Visa Infinite vs Momentum Visa Infinite: Why the Momentum Visa Infinite Is the Best Card for Canadians
With so many credit cards available in Canada, choosing the right one can be challenging. Scotiabank offers some of the most competitive options in the market — including the Scotiabank Gold American Express, Scotiabank Passport Visa Infinite, and Scotiabank Momentum Visa Infinite.
While all three cards deliver strong rewards and valuable benefits, the Scotiabank Momentum Visa Infinite stands out as the most practical and rewarding choice for Canadians who want consistent cash back and everyday savings.
Scotiabank Gold American Express
The Scotiabank Gold Amex is designed for those who want to maximize Scene+ points. It offers 6× points on groceries, 5× on dining and entertainment, and 3× on gas and transit.
While it’s one of the best cards for collecting travel rewards, it has one limitation: American Express is not accepted everywhere, especially in smaller Canadian shops or abroad. This can make daily use less convenient for some cardholders.
The card also charges a CAD 120 annual fee — reasonable for frequent travelers but less ideal for those focused on cash flow and direct returns.
Scotiabank Passport Visa Infinite
The Passport Visa Infinite is a strong choice for travelers. It offers no foreign transaction fees, lounge access, and comprehensive travel insurance. However, with an annual fee of CAD 150, it’s better suited to frequent flyers than to everyday spenders.
Passport Visa Infinite
For most Canadians who shop primarily in Canada and prefer simplicity, its benefits might not outweigh the cost.
Scotiabank Momentum Visa Infinite: The Everyday Winner
The Momentum Visa Infinite is all about real, effortless savings. Instead of points, it gives up to 4% cash back on groceries and recurring bills, 2% on gas and transit, and 1% on all other purchases.
That means you earn rewards every time you buy food, pay subscriptions, or fill your car — with no complicated reward systems or redemption limits.
With an annual fee of CAD 120, this card delivers outstanding value, plus travel insurance, purchase protection, and Visa Infinite perks. It’s accepted virtually everywhere, making it one of the most reliable and versatile cards in Canada.
For families, professionals, and anyone who values simplicity, flexibility, and guaranteed cash back, the Momentum Visa Infinite is the smart financial choice.
Comparison Table
| Card | Reward Type | Travel Benefits | FX Fee | Annual Fee | Ideal For |
| Gold Amex | Scene+ Points (up to 6×) | Travel insurance, concierge | None | CAD 120 | Frequent spenders on dining and entertainment |
| Passport Visa Infinite | Scene+ Points | Lounge access, full insurance | None | CAD 150 | Frequent travelers and global shoppers |
| Momentum Visa Infinite | Cash back up to 4% | Insurance, Visa perks | Applies | CAD 120 | Families and everyday cash savings |
Final Verdict
If you’re looking for a straightforward, high-value credit card, the Scotiabank Momentum Visa Infinite is hard to beat. It combines excellent cash back rates, strong insurance coverage, and broad acceptance across Canada.For Canadians who want real savings on daily expenses, without worrying about points or travel restrictions, the Momentum Visa Infinite is clearly the best choice.
Scotiabank Momentum Visa Infinite: 10% Cash Back First 3 Months
The Scotiabank Momentum Visa Infinite welcome bonus gives new cardholders a strong short-term boost. New accounts earn 10% cash back first 3 months on eligible purchases, subject to Scotiabank’s caps and merchant exclusions. Read the offer details before you sign up to confirm limits and qualifying categories.
Overview of the welcome offer
The core promotion applies from the card account opening date and runs for three calendar months. During that period, qualifying purchases earn the promotional 10% rate up to any maximum set by Scotiabank. Excluded items commonly include cash advances, balance transfers, fees and purchases from certain merchant codes.
The promotional rate only covers eligible purchase categories listed in the product terms. Your usual cash back rates apply once you exceed any cap or when the promotional period ends. Check the current welcome bonus Momentum Visa Infinite page for exact dollar caps and full exclusions.
Eligibility and who qualifies in Canada
To apply you must be a Canadian resident and have reached the age of majority in your province or territory. Visa Infinite underwriting requires a solid credit history and minimum personal or household income that is higher than entry-level cards. Scotiabank may request proof of income or employment during review.
Existing Scotiabank customers should confirm whether prior product ownership affects the welcome bonus. Some offers restrict eligibility if you held the same card within a recent period. Eligibility Scotiabank credit card Canada rules vary by product and time, so verify current criteria before applying.
How the 10% cash back is calculated and applied
The 10% cash back first 3 months is calculated on eligible purchase amounts charged to the card during the promo window. If a cap applies, any spend beyond that cap will earn the card’s regular cash back rate. Returns or disputed charges reduce or reverse bonus credit for affected transactions.
Scotiabank typically posts cash back as a statement credit or as a cash back balance tied to the card. Posting usually happens monthly, with the full welcome bonus often reflected on statements after the promotional period ends. Confirm how cash back is credited for this product so you know when to expect the reward and how it appears on your account.
| Feature | What to expect |
|---|---|
| Promo rate | 10% cash back first 3 months on eligible purchases |
| Common exclusions | Cash advances, balance transfers, fees, certain merchant codes |
| Eligibility basics | Canadian resident, age of majority, Visa Infinite income and credit standards |
| How bonus posts | Typically monthly; appears as statement credit or cash back balance |
| Cap handling | Bonus applies up to a maximum; excess spends earn standard rate |
Key benefits and rewards of the Scotiabank Momentum Visa Infinite
The Momentum Visa Infinite centers on simple, high-value cash back and a set of premium protections that matter to frequent spenders. Clear earning tiers make it easy to track Momentum Visa Infinite rewards and plan purchases around the card’s strengths.
Ongoing cash back categories and rates
After the welcome window ends, the card follows a steady rewards structure. Cardholders typically earn elevated rates on groceries and recurring bill payments, a solid rate at drugstores, and a standard rate on everyday purchases. Merchant coding dictates category assignment, so some purchases may post as a different category than you expect.
Non-eligible transactions include cash advances, balance transfers, and certain third-party travel bookings. These do not earn ongoing cash back rates and should be paid for with other methods when possible.
Welcome bonus vs. regular rewards — what to expect after the promo
The 10% introductory rate over the first three months can produce a much higher effective return than the card’s regular earning structure. Once the promo ends, typical monthly returns fall back to the baseline percentages for groceries, bills, and general purchases.
Plan major prepaid spending during the promotional period to capture the bonus. After that, adopt a steady rewards plan that focuses on categories where you naturally spend most to maximize long-term value from Momentum Visa Infinite rewards.
Additional perks: travel and purchase protections
Visa Infinite-level coverage often accompanies Scotiabank premium cards. Expect comprehensive travel insurance Visa Infinite components such as emergency medical, trip cancellation and interruption, and flight delay. Renting a car with the card can trigger collision/loss damage coverage. Limits and exclusions apply based on terms and trip details.
Purchase protection Scotiabank benefits include short-term loss, theft, and damage coverage plus extended warranty on eligible items when you use the card. Claims require receipts and timely reporting. Paying for travel and purchases with the card activates many protections, so use the Momentum Visa Infinite for big-ticket buys and trip bookings when possible.
Fees, interest rates, and cost considerations
Before you apply, review the pricing that comes with a premium card. The Momentum Visa Infinite annual fee often sits above standard cards, so confirm the current amount on Scotiabank’s site. Knowing the fee makes it easier to judge whether the welcome bonus and ongoing cash back justify the cost.
Annual fee and circumstances for fee waivers or credits
The Momentum Visa Infinite annual fee is listed at application and may be offset in a few ways. Scotiabank occasionally offers first-year fee waivers tied to promotions. You can also reduce net cost by redeeming cash back against your statement balance, applying targeted statement credits, or linking a Scotiabank chequing account that carries bundled benefits.
Promotional waivers change often. Call customer service or check the product page before relying on a waiver for your decision. Redeemed rewards and credits can effectively lower the annual fee if you spend enough to earn them.
Interest rates for purchases, cash advances, and balance transfers
Typical Visa Infinite interest ranges vary by product and credit profile. The posted Visa Infinite interest rate Canada for purchases often falls within a standard APR band for premium cards. Cash advances carry higher costs and start accruing interest immediately.
Balance transfer offers may be limited when a welcome bonus is in effect. If you carry a balance, the purchase APR applies to unpaid balances and can erode cash back value quickly. Aim to pay balances in full each month to preserve rewards.
Cash advance fees Scotiabank charges are applied on top of the interest. Expect an upfront percentage fee plus immediate interest from the date of the advance.
Hidden or incidental fees to watch for
Scotiabank fees and charges include common incidental items that can surprise cardholders. Look for foreign transaction fees, often around 2.5% per transaction, late payment fees, returned payment fees, ATM charges, and balance transfer fees where applicable.
Merchant coding can change how purchases post. A merchant processed outside Canada or coded as a foreign entity might trigger a foreign transaction fee and affect reward eligibility. Check the cardholder agreement for exact fee schedules and contact Scotiabank for clarification before frequent international use or large balance transfers.
| Fee or rate | What to expect | How to reduce |
|---|---|---|
| Momentum Visa Infinite annual fee | Premium annual fee published at application; promotional first-year waivers may appear | Redeem cash back, use statement credits, link Scotiabank accounts |
| Visa Infinite interest rate Canada (purchases) | Standard APR for premium cards; varies by credit profile | Pay full balance monthly to avoid interest |
| Cash advances and cash advance fees Scotiabank | Upfront percentage fee plus immediate interest accrual | Avoid cash advances; use bank transfers or emergency loans if possible |
| Foreign transaction fee | Commonly ~2.5% on many Canadian cards; merchant coding can affect charges | Use cards with no FX fee or make purchases in local currency when possible |
| Late payment / returned payment fees | Flat fees assessed for missed or returned payments | Set up autopay or calendar reminders |
How to maximize cash back during and after the first 3 months
Start with a short plan before you spend. Big, planned purchases and recurring bills are the easiest way to capture the welcome window. Timing a major appliance, insurance premium, or annual subscription so it posts during the 10% period often nets the best haul without changing habits.
Best categories to focus during the promo
Groceries and recurring merchant-coded services tend to work well. Look for utility, streaming, and subscription charges that fall under recurring-payment merchant category codes. Avoid cash advances and balance transfers; they are excluded and reduce net value.
Practical rules for timing
Check the promo cap on bonus earnings and plan purchases up to that limit. If a large expense can wait a few weeks, move it into the three-month window. Split payments across eligible merchants only when terms still meet the card’s rules.
Keep high rewards after the promo ends
Shift routine spend to the highest-earning categories on the Momentum card. Put groceries, recurring bills, and everyday subscriptions on the card where those categories earn more. Pay the full statement each month to preserve return and avoid interest that wipes out cash back.
Supplement with other cards
Pair the Momentum Visa Infinite with a flat-rate no-fee card or a gas- or travel-focused card for weak categories. Using a secondary card for specific categories raises overall yield without overloading one product. This approach is central to smart cash back strategies Canada users rely on.
Combine with Scotiabank accounts and services
Explore Scotiabank product bundles for extra perks. Linking a chequing or savings account, Scotia Wealth relationship, or Momentum+ offerings can unlock targeted offers or easier management. Confirm whether bundling grants fee reductions or accelerates rewards on this specific card.
Responsible habits that improve returns
Avoid overspending to chase bonuses. Track statement credits to ensure promo cash back posts correctly. Use alerts and monthly reconciliation so you spot errors quickly. These practices protect long-term value from short-term promos.
| Action | When to do it | Why it helps |
|---|---|---|
| Move large planned purchases into promo window | During first 3 months | Captures the 10% rate on capped spend to maximize cash back Momentum |
| Place recurring bills on card | Before and during promo | Ensures steady earnings in best categories 10% promo and ongoing rewards |
| Avoid cash advances and transfers | Always | Prevents excluded charges that reduce net return |
| Use a complementary flat-rate card | After promo ends | Improves overall yield as part of cash back strategies Canada |
| Bundle accounts with Scotiabank | When opening or after approval | May unlock Scotiabank product bundles benefits and easier rewards tracking |
Application process and approval tips for Canadian applicants
Applying for a premium credit card takes a bit of planning. Below is a clear guide to help you apply Momentum Visa Infinite, complete a Visa Infinite application Canada, and meet credit score requirements Scotiabank while understanding how to qualify for Momentum Visa Infinite.
Required documents and information
- Government-issued photo ID such as a driver’s licence or passport.
- Social Insurance Number for credit checks and identity verification.
- Proof of income: recent pay stubs, a T4, or Notice of Assessment from the CRA.
- Employment details and current residential address.
- Banking information for deposits and payments.
Scotiabank may request extra documents during underwriting to confirm identity or income. Have digital copies ready to speed up the Visa Infinite application Canada process.
How credit score and income affect approval odds in Canada
Visa Infinite cards usually require a strong credit history and a minimum income threshold. Specific numbers vary, so check current Scotiabank guidelines before you apply Momentum Visa Infinite.
Low credit utilization, consistent on-time payments, and a mix of credit types improve chances. High utilization, recent missed payments, or very limited credit history can reduce approval odds.
If your profile is borderline, take steps to improve it. Pay down revolving balances, fix errors on your credit report, and avoid applying until your profile meets typical issuer standards for credit score requirements Scotiabank.
Timing considerations for applying to capture the 10% period
Plan your Visa Infinite application Canada so eligible big purchases fall within the first three months. Allow 7–14 business days for approval and card delivery, depending on verification needs.
Confirm when the offer period begins for your account opening date. Do not wait to make large purchases until after activation if you want to maximize the welcome bonus.
Offers can be targeted or time-limited. Check expiration details and contact Scotiabank if anything is unclear to ensure you know how to qualify for Momentum Visa Infinite under the current promotion.
Real-world examples and use cases
Practical scenarios help you see how the card performs. Below are realistic examples and simple math that show where value appears. Use these to compare options or plan a large purchase during the promotion.
Sample spending scenarios that illustrate earnings
A family charges $6,000 of eligible purchases in the first three months. At 10% that yields $600 in cash back, subject to the card’s promotional cap. If their remaining annual spending is $18,000 at a regular 2% rate, that adds $360. Total cash back for the year would be $960.
Mixing categories changes outcomes. Groceries and bills coded correctly earn full promo rates. Gas or transit that posts in merchant codes outside eligible categories may earn less. A timed appliance purchase of $2,000 during the promo generates $200 immediately, making big-ticket buys high-impact for sample earnings 10% promo planning.
Comparison of annualized return when using the welcome bonus
Turning $600 earned on $6,000 over three months into an annualized figure can be misleading if you ignore post-promo rates. The short-term yield equals 10% for that quarter, but once the bonus ends your ongoing rate drops. Annualized for illustration, $960 on $24,000 total spend equals 4.0% for the year.
Cardholders who optimize the welcome period can out-earn those who don’t. For example, a shopper who spreads the $6,000 across nonpromo months would miss $600 and reduce annual return by about 2.5 percentage points. Use this cash back math Canada to find the break-even where the card’s annual fee pays off.
Who benefits most: students, professionals, families
Families with steady grocery and bill spend gain most. They can concentrate eligible purchases in the first three months and boost their effective yield. Professionals with regular income and recurring expenses also rank among the best users Momentum Visa Infinite because they can meet promo thresholds and absorb the annual fee.
Students or low-income earners may find the fee harder to justify unless they plan a specific large purchase during the promo. For them, no-fee or lower-fee cards often offer a better path. Frequent travelers who value Visa Infinite protections should weigh the card’s perks against the cost and use the cash back math Canada to guide the choice.
| Profile | Typical Yearly Spend | Promo Strategy | Estimated Annual Cash Back |
|---|---|---|---|
| Family | $24,000 | Front-load groceries, bills | $960 |
| Professional | $36,000 | Time major purchases in promo | $1,440 |
| Student | $6,000 | Consider no-fee alternative | $120 |
Comparison with competing cash back cards in Canada
Choosing the right cash back card means weighing short-term gains against steady long-term value. The Scotiabank Momentum Visa Infinite stands out for a large welcome bonus and strong category returns. A careful card comparison Visa Infinite helps you see where premium features beat flat-rate simplicity.
How the Momentum Visa Infinite stacks up against other premium cards
The Momentum Visa Infinite vs competitor often comes down to five metrics: welcome bonus size, ongoing category rates, annual fee, insurance protections, and approval requirements. Momentum delivers a very generous short-term promo and robust Visa Infinite insurance. Competing premium cards from RBC, TD, and CIBC may match travel protections or offer higher ongoing flat rates, but they sometimes lack the same promo structure.
The card’s high welcome bonus rewards heavy spenders who can meet promo thresholds. Income and credit thresholds are stricter than mid-tier offers. Annual fee is higher than no-fee cash back Canada options, yet the premium protections can offset that cost for frequent travelers or shoppers who value purchase coverage.
When a no-fee or flat-rate cash back card might be better
No-fee cash back Canada cards shine for low-to-moderate spenders and anyone who prefers simplicity. A flat-rate 1.5%–2% card can out-earn a high-fee premium card when annual spending is limited or spread across many categories where Momentum pays less.
Consider a total-cost approach: estimate your yearly spend, apply each card’s ongoing rate, subtract fees, and compare net rewards. If you cannot meet the Momentum promo spend or you dislike an annual fee, a no-fee or flat-rate card will likely be the better fit.
Pros and cons summary to guide card choice
Pros:
- Very generous short-term promotion that boosts first-quarter returns.
- Strong Visa Infinite protections for purchases and travel.
- High category returns for targeted spenders who can concentrate expenses.
- Potential synergies with Scotiabank accounts for added value.
Cons:
- Premium annual fee that may erode net rewards for light spenders.
- Stricter approval criteria versus mid-tier or no-fee products.
- Promotional caps or merchant exclusions can limit expected bonus earnings.
- Foreign transaction fees may apply when traveling abroad.
For buyers who can hit the promo targets and value insurance, Momentum Visa Infinite vs competitor often tips in favor of Scotiabank’s offer. If you prefer predictability, low cost, and simpler rewards, compare no-fee cash back Canada options or flat-rate cards among the best cash back cards Canada to find the best fit.
Security, customer support, and card management
Keeping your Scotiabank Momentum Visa Infinite secure and simple to manage matters as much as earning rewards. This section covers fraud safeguards, the tools you can use to watch earnings, and steps for quick help if something goes wrong.
Fraud safeguards and zero-liability policies
Visa zero liability Canada protects cardholders from unauthorized purchases when cardholder care is reasonable. Scotiabank fraud protection builds on that with real-time monitoring, EMV chip security and contactless transaction safeguards. Alerts trigger when unusual patterns appear, giving you a chance to confirm or freeze activity fast.
Report lost or stolen cards right away to limit exposure. Scotiabank typically issues provisional credits during investigations while it reviews evidence. Timeframes vary, so call or use secure messaging as soon as you notice a problem.
Mobile and online tools to track rewards
The Scotiabank mobile app provides clear views of recent transactions, pending charges, and Scotiabank mobile app rewards tracking features to monitor cash back totals. You can check the status of promotional credits, review monthly statements, and set up push or email alerts for large or suspicious purchases.
Use in-app budgeting and transaction categories to stay on track during the 10% period. Regularly reconciling receipts against statement entries makes it easier to spot posting errors or missed cash back credits.
Contacting support and disputing charges in Canada
For urgent help, call Scotiabank’s toll-free number or visit a local branch for face-to-face assistance. Secure messaging in online banking is good for non-urgent account questions. Visa also offers dispute channels when a merchant issue requires escalation.
To dispute charges Scotiabank Canada, gather receipts and transaction details, contact the bank promptly, and complete any supplied dispute forms. Keep notes on dates and representatives, follow up until resolution, and use emergency card replacement or cash services when traveling abroad.
Conclusion
The Scotiabank Momentum Visa Infinite conclusion is simple: the 10% cash back promo summary shows strong short-term value when you can concentrate eligible purchases on the card during the first three months. That initial boost can meaningfully increase your rewards if you hit the promotional caps and avoid non-eligible transactions.
Long-term value depends on the card’s regular earning rates, the $120 annual fee and how well its reward categories match your normal spending. For many Canadians, the best cash back strategy Canada is to use the Momentum Visa Infinite for category-fit purchases while keeping an eye on alternatives like no-fee or flat-rate cards if your habits don’t align.
Practical steps: confirm current terms at scotiabank.com, plan eligible purchases during the welcome period, pay balances in full to protect net reward value, and use Scotiabank’s mobile tools to track rewards and security. Apply only after verifying eligibility and contact Scotiabank directly for any product-specific clarifications to ensure this card fits your goals.
FAQ
What is the Scotiabank Momentum Visa Infinite welcome offer?
Who in Canada is eligible for the 10% introductory cash back?
How is the 10% cash back calculated and applied to my account?
Which purchases are eligible for the welcome bonus and which are excluded?
What ongoing cash back rates apply after the first three months?
How can I maximize the 10% period to get the most value?
Are there travel and purchase protections with this Visa Infinite card?
What is the annual fee and are there ways to offset it?
What interest rates and other fees should I watch for?
How does approval depend on credit score and income in Canada?
What documents are needed when applying for the card?
How long after approval does the welcome period start?
Can I combine this card with other Scotiabank products for extra value?
How do refunds or disputed transactions affect my promotional cash back?
What are realistic example earnings during the promo and over a year?
Who benefits most from the Momentum Visa Infinite?
When might a no-fee or flat-rate cash back card be a better choice?
How can I track rewards and monitor promotional credits?
What fraud protections and dispute processes are in place?
How do I contact Scotiabank support from within Canada for card issues?
Where can I confirm current offer details and caps before applying?
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