Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

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scotia value visa

Scotiabank Value® Visa* Card

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Scotia Momentum® Visa Infinite* Card vs Scotiabank Value® Visa* Card: Which one is better?


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

scotia value visa

Scotiabank Value® Visa* Card

5


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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.

Rewards Breakdown

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

Insurance Included*

  • credit card dollar

    Balance Protection

    optional

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

Extra Benefits*

  • car rental

    Car Rental Discount

    Avis car rental discount up to 25% worldwide

Interest Rates*

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Interest Rates*

Purchase:

13.99%2

Cash Advance:

13.99%2

Balance Transfer:

13.99%2

Annual Fee*

$120

$0

First Year Waived

Annual Fee*

$29

$0

First Year Waived

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

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.

Welcome Bonus*

0.99% introductory interest rate on balance transfers for the first 9 months (2% fee per cash advance, 13.99% after that; annual fee $29). Plus no annual fee in the first year.

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).

Rewards Rate*

This card does not earn rewards on purchases but instead offers much lower interest rates.

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.

Is this card worth it?

This is a great card for those who carry a balance every month and want to take advantage of much lower interest rates compared to most other cards. It also comes with a great introductory balance transfer rate for a limited number of months.

Pros

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

Pros

  • A great low introductory interest rate on balance transfers
  • Only 13.99% interest rate on purchases, balance transfers, and cash advances.

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.

Cons

  • No rewards on daily purchases
  • Limited insurance

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.
2 Rates, fees and other information are effective as of January 3, 2025. Subject to change.

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