Scotia Momentum® Visa Infinite* Card
+$100 Cash Rebate From FinlyWealth
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Total Spending
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$0
25% Referral Cash Bonus
Share your unique referral link to the Scotia Momentum® Visa Infinite* Card and earn a 25% rebate bonus. Learn more about the Finly referral program.
Card Details
Annual Rewards
$396.83
First Year Bonus
$200
Annual Fee
$120
$0
First Year Waived
First Year Value
$596.83
$276.83 in years after
Interest Rates
Cash Advance: 22.99%
Purchase: 20.99%
Annual Fee
$120
Annual Income
Personal: $60,000
Household: $100,000
Credit Score
Good
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.
Card Type
Cash Back
Our Rating
4/5
Institution
Scotiabank
Rewards
- 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).
Scotia Momentum® Visa Infinite* Card Cash Back Calculator
Based on average spending
Rewards Ranking
Rewards Breakdown
Groceries, Recurring Transactions
$185.88
Gas, Rental Car & Taxi, Public Transportation
$58.94
All other purchases
$152.01
Annual Fee
- $120
Net Annual Rewards
$276.83
(after fees)
Rewards Summary
Net Annual Rewards
$276.83
(after fees)
Welcome Bonus
$200
First Year Value
$596.83
Insurance & Benefits
Insurance
Coverage
Mobile Device Insurance
$1,000
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Trip Interruption
$2,000
Trip Cancellation
$1,500
Flight Delay
$500
Lost or Stolen Baggage
$500
Baggage Delay
$500.svg)
Car Rental Damage & Theft
48 days
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Visa Infinite Exclusive Benefits
Yes
Pros & Cons
Pros
- Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
- High insurance coverage.
- First year annual fee waived.
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.