scotia momentum mastercard

Scotia Momentum® Mastercard®* Credit Card

APPLY NOW
Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

APPLY NOW

Scotia Momentum® Mastercard®* Credit Card vs Scotia Momentum® Visa Infinite* Card: Which one is better?


scotia momentum mastercard

Scotia Momentum® Mastercard®* Credit Card

3


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

4


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Finly Rebate

N/A

Rewards Breakdown

Annual Rewards

$168.07


First Year Bonus Value

$0


Annual Fee

$0


First Year Value

$168.07

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$407.15


First Year Bonus Value

$200


Annual Fee

$120

$0

First Year Waived


First Year Value

$607.15

$287.15 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

N/A

Insurance Included*

  • lost baggage

    Lost or Stolen Baggage

    $500
  • hourglass timer

    Baggage Delay

    $500
  • car insurance

    Car Rental Damage & Theft

    48 days
  • heart lock

    Travel Accident

    $500,000
  • mobile device insurance

    Mobile Device Insurance

    $1,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days
  • travel accident medical

    Emergency Out of province Medical

    15 days
  • cancel airplane

    Trip Cancellation

    $1,500
  • pause

    Trip Interruption

    $2,000
  • hourglass timer

    Flight Delay

    $500

Extra Benefits*

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

Extra Benefits*

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

  • exclusive

    Visa Infinite Exclusive Benefits

    Yes

Interest Rates*

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

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:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus*

7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0)

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*

  • 1% cashback on gas, groceries, drug store and recurring payments
  • 0.5% cashback on all other credit card purchases.

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).

Is this card worth it?

The Scotiabank Momentum Mastercard stands out as a solid no-fee option for those looking to earn cash back on everyday categories like gas and groceries. With 1% cash back in key spending categories and wide acceptance, it’s a practical card to keep in your wallet, especially if you're a regular Costco shopper. While it lacks insurance coverage, the absence of an annual fee and the consistent cash back on essentials make it a good entry-level card for budget-conscious users.

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

  • No annual fee, making it a low-cost option for cardholders.
  • 1% cash back on gas, groceries, drugstores, and recurring bill payments.
  • Mastercard acceptance, including at Costco.

Pros

  • Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
  • High insurance coverage.
  • First year annual fee waived.

Cons

  • Poor base earn rate of 0.5% on other purchases.
  • No insurance coverage, not even purchase protection.

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.

Legal


*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information. Check here for full details and current product information.

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