PC World Elite Mastercard vs Scotia Momentum® Visa Infinite* Card: Which one is better?
PC World Elite Mastercard
3.1
Scotia Momentum® Visa Infinite* Card
4
Rewards Breakdown
Annual Rewards
$266
PC Financial
First Year Bonus
$100
PC Financial
Annual Fee
$0
First Year Value
$366
$266 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$407.15
First Year Bonus
$200
Annual Fee
$120
First Year Value
$607.15
$287.15 in years after
Based on $2,000/mo average spending. Calculate your rewards.
Insurance Included
Car Rental Damage & Theft
Up to 31 daysExtended Warranty
Doubled up to a yearPurchase Protection
90 daysEmergency Out of province Medical
$1M, Up to 10 days
Insurance Included*
Car Rental Damage & Theft
48 daysExtended Warranty
1 yearPurchase Protection
90 daysEmergency Out of province Medical
15 daysLost or Stolen Baggage
$500Baggage Delay
$500Travel Accident
$500,000Mobile Device Insurance
$1,000Trip Cancellation
$1,500Trip Interruption
$2,000Flight Delay
$500
Extra Benefits
Concierge Services
Identity Theft Assistance
Extra Benefits*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A CarVisa Infinite Exclusive Benefits
Yes
Interest Rates
Purchase:
21.99%
Cash Advance:
22.97%
Interest Rates*
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Annual Fee
$0
Annual Fee*
$120
$0
First Year Waived
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required*
Min Personal Income:
$60,000
Min Household Income:
$100,000
Welcome Bonus
100,000 PC after approval of the application
Welcome Bonus*
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.
Rewards Rate
Rewards Rate*
- 4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
- 2% cashback on gas, daily transit (maximum $500 cashback per year)
- 1% cashback on all other credit card purchases (unlimited).
Loyalty Program
Loyalty Program*
N/A
Point Redemption Options
Groceries
0.1¢ / pointGas (Esso)
0.1¢ / point
Point Redemption Options*
Not Applicable
Is this card worth it?
This is a great card to have in your arsenal if you frequently shop at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations, as you will earn significant rewards in these categories. The additional benefits, such as out-of-province medical insurance, car rental damage insurance, and concierge service, are impressive and typically only come with cards that have annual fees; however, you can access these benefits for free with this card. We do not recommend using this as your primary credit card but as a supplement to another primary card, especially because there are no fees. This is because the rewards on purchases outside the mentioned shops are very average, and many other cards offer much more substantial rewards for general use.
Is this card worth it?
The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.
Pros
- Out-of-province medical insurance, concierge service, and car rental damage insurance—benefits that are usually included with cards that have fees—are included with this card.
- Decent rewards on purchases at Shoppers Drug Mart®, Loblaw's owned chains, and ESSO and Mobil gas stations.
Pros
- Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
- High insurance coverage.
- First year annual fee waived.
Cons
- Many other high-spend categories don't earn as many rewards. Shopping at any other grocery chains, gas stations, or pharmacies will only give the base reward rate, and restaurant purchases and purchases in other categories don't earn much either.
Cons
- The base cashback rate (1%) is low for most high spent categories, especially after the first year when the card's annual fee kicks in.
Other Comparisons
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Other Comparisons
Other Comparisons
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