Scotia Momentum VISA Infinite

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Scotia Momentum VISA Infinite Card Review
9 / 5 Reviewer
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No annual fee (First year only)
Insurance benefits
Extended warranty
High annual income requirement
Annual fee $99

The Scotia Momentum VISA Infinite Card surely leads the pack of cash back rewards category with a cash back rate of 4%. This is not for just a promotional period like some other competitor cards but for all the purchases that you have on your gas and grocery needs. So, this rate of 4% stays and does not drop on those eligible purchases. They have 2 more categories on which you may earn some cash back. The first one is a 2% cash back rate on purchases that you have set up on your recurring payments each month. This includes your cable, hydro, phone, gym fees and insurance bills etc. And you may earn this rate of cash back also on items that you buy in a drug store. The second category is for a cash back rate of 1% on all remaining types of eligible items that you buy.

The card has some great insurance features and is on par with some travel rewards cards on those factors. These include the coverage for travel emergency medical, trip interruption, flight delay, lost and delayed baggage, travel accident, rental car collision coverage and purchase protection. However, you pay the annual fee after the first year of enrollment of $99 which is on the higher side in that category. There are competitors who offer lesser or no annual fee at all. The balance transfer rate is also high at 22.99% and there is no promotional rate even during the initial six months.

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Our Review on Scotia Momentum VISA Infinite Card

Scotia Momentum VISA Infinite Card Pros

The Scotia Momentum VISA Infinite Card has many positive features. Some of these features are as follows.

  • Pay no annual fee for the first year.
  • Get great insurance benefits with this card that is almost on par with other competitor cards for travel rewards.
  • Enjoy exclusive Visa membership benefits, luxury hotel amenities and concierge service for 24/7.
  • This card has a host of other benefits too for travel insurance.
  • You may get up to 20% discounts on Avis car rentals all over the world when you pay with this card.

Scotia Momentum VISA Infinite Card Cons

The Scotia Momentum VISA Infinite Card does have some drawbacks too as follows.

  • Not everyone may qualify in the income category to be eligible for this card. Your annual income has to be either an individual income of $60000. Or annual household income has to be $100000 to get this card. This is surely a card for the above average income category with excellent credit score rating.
  • The supplementary cards are not free and you may pay a charge of $30 per card.
  • They charge an annual fee of $99 after the first year of account opening.
  • Too many tiers to remember while you shop as to which purchase can earn a 4%, 2% or 1% cash back rate. Purchases for grocery, gas, drug store and recurring payments have different tiers.
  • When there is competitors offering lesser or 0% charge on balance transfers, this card charges 22.99% which is quite high.

Scotia Momentum VISA Infinite Card Overview

Annual Fee:$0.00 for the first 6 months and $99 thereafter
Interest Rate:19.99%
Balance Transfer:22.99%
Cash Advance:22.99%
Credit Score:Excellent
Rewards:4.00% on gas & grocery, 2% on drug store & recurring monthly payments, 1% on all other eligible purchases
OtherTravel Emergency medical, trip interruption, flight delay, lost and delayed baggage, travel accident, rental car collision coverage and purchase protection.

Scotia Momentum VISA Infinite Card Features & Benefits Review

Annual Fee

For the first 6 months, there is no annual fee on The Scotia Momentum VISA Infinite Card. Thereafter there is an annual fee of $99.

Interest Rate

They charge an annual interest rate of 19.99% on all purchases.

Balance Transfer

The interest rate of a balance transfer is 22.99% and there is no promotional rate or promotional period.

Cash Advances

You may pay an interest rate of 22.99% on cash advances.

Credit Score Rating

It is necessary to have an excellent credit score to qualify for the Scotia Momentum VISA Infinite Card. Your annual income has to be at least $60000 or the household income should be no less than $100000.

Scotia Momentum VISA Infinite Card Cash Back Calculator

Spending CategoryMonthly Spending
Everything Else$250
Total Spending Reward$552

Insurance Features

BenefitCoverage limits
Emergency Travel Medical Insurance$1,000,000
Trip Interruption $2000 per person, total of $10000 per trip
Flight Delay$500 per trip
Delayed & lost baggageMaximum $500
Travel AccidentUp to $500000

Coverage Summary

The Scotia Momentum VISA Infinite Card has the following insurance features.

  • Emergency Travel Medical Insurance: This covers nursing care, prescription drugs, surgeons & physicians fees, ambulance expenses, medical expenses, and supplies. The coverage is valid for up to 15 days for insured under 65 years.
  • Trip Interruption: You may claim up to $10000 per trip for up to 4 people at $2000 per person with insurance.
  • Flight Delay Coverage: To claim for this insurance the delay in flight has to be for at least 4 hours. And this covers reasonable living expenses up to $500 per trip for all travelers with insurance.
  • Delayed baggage & lost baggage: A maximum of $500 limit for baggage that is delayed and $500 for all persons who are insured.
  • Travel Accident Coverage: You may claim up to $500000 for yourself and your family when you use Scotia Momentum VISA Infinite Card to pay for 75% of the ticket cost.

Where Can You Use Scotia Momentum VISA Infinite Card

The Scotia Momentum VISA Infinite Card is widely accepted for payment on all locations, the point of sale terminals and merchants who accept Visa card all over the world.

Popular Merchants* that May Qualify for Scotia Momentum® VISA Infinite* Cash Back

4% Grocery Stores & Supermarkets (Code 5411)4%Service Stations & Automated Fuel Dispensers (Codes 5541 & 5542)2% Drug Stores And Pharmacies (Code 5912)
A & P7 - ElevenConsumer Choice Pharmacy
Asian Food CenterAmcoIDA
Askew's FoodsCanadian Tire Gas BarsJean Coutu
Atlantic WholesalersCangoLawtons Drugs Store
BidgoodsCentexLondon Drugs
Brunos Fine FoodsChevronMacquarries Drugs Ltd
Buy Low FoodsCO-OP Gas BarsMain Drug Mart
Canada SafewayCouche TardMedicine Shop
Choices MarketCrevierMurphy's Pharmacy
Colemans Food CentreDrummond's GasNo Frills Drugs
CO-OPEssoPeoples Drug Mart
Cooper's FoodsFas GasPharma Plus
Country GrocerFlying JPharma Prix
DominionFortino's Gas BarsPharma Save Drugs
Extra FoodsGale S Gas BarPharmx Rexall
Fairway MarketGas BarRexall Drug Store
Farm BoyGasriteShoppers Drug Mart
Food BasicsHuskySuper Drug Mart
FoodlandIrving OilThe Medicine Shoppe
FortinosLoblaw Gas BarsUniprix
Grocery GatewayMacewenValley Drug Mart
Hannam SupermarketMac's Gas Bar 
Highland FarmsMohawk 
IGAMr. Gas 
Kin's Farm MarketN. Atlantic Pet. 
Les Aliments M&MNo Frills Gas Bar 
M & M Meat ShopsSave On Foods Gas Bars 
Michael - Angelo's MarketShort Stop Gas Bars 
Moncion GrocersSobey's Fast Fuel 
Nester's MarketSunys 
Overwaitea FoodSuper Save Gas 
Pete's FrootiqueSuperstore Gas Bar 
Planet OrganicUltramar 
Powell's SupermarketWestern Petroleum 
Presidents ChoiceWilson Gas Stop 
Price ChopperYig Gas Bar 
Price SmartZehrs Gas Bars 
Produce Depot  
Quality Foods  
Quality Market  
Real Canadian Super Stores  
Save Easy  
Save On Foods  
Shop Easy Foods  
Shop 'N Save  
Starsky Foods  
Stongs Markets  
Super C  
Super Value  
Supermarche - Metro  
T & T Supermarket  
Thrifty Foods  
Urban Fare  
Valu Mart  
Village Food Markets  
Weston Produce  
Your Independent Grocers  


Scotia Momentum VISA Infinite Card Reward Redemption

The cash back you earn appears as a credit on your statement that you could use. There is no promotional period for the highest tier of 4% and this rate stays.

Scotia Momentum VISA Infinite Card Contact Information

  • Customer Service Number: 1800 747 3208, 1800 387 6466, 416 288 1440.
  • Visa Rewards: 1888 861 5603, 416 701 7824
  • Credit Card Mailing Address: P.O. Box 4100, Station A, Toronto, ONM5W 1T1
  • Head Office Address: 44 King St West, Toronto ON M5H 1H1
  • Customer Service Mailing Address: P.O. Box 4100, Station A, Toronto, ON M5W 1T1

*Rate and product information are subject to change at any time and does not constitute financial advice. Please contact the supplier for complete details.

Scotiabank is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

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