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Scotia Momentum® Visa Infinite Card
Credit cards

Scotia Momentum® Visa Infinite Card

Updated 01.12.2022

About Scotia Momentum® Visa Infinite Card

A Scotia Momentum® Visa Infinite Card is an award-winning cash-back credit card for those who need at least a $5,00 credit limit and prefer rewards and benefits to zero annual fees. With extensive cash back earning opportunities and premium insurance coverages included, a Scotia Momentum® Visa Infinite Card involves minimum annual income requirements to apply.

Occasionally, Scotiabank announces special offers for a Scotia Momentum® Visa Infinite Card. With such offers in place, you can earn higher cash back on purchases made with your credit card in the first months or waive an annual fee for the first year.

Scotia Momentum® Visa Infinite Card features

A Scotia Momentum® Visa Infinite Card features a 20.99% interest rate on purchases and 22.99% on cash advances. The annual fee for this card is $120, and a supplementary card will cost you $50 per year. In addition, special offers may provide annual fee waiver options.

With a Scotia Momentum® Visa Infinite Card, you can earn cash back on your everyday purchases. For example, spending up to $25,000 annually on groceries and recurring payments will bring you 4% cash back, and spending up to $25,000 annually on gas and daily transit will bring you 2% cash back. After you have reached the $25,000 annual spend maximum, your cash back on these spending categories will be 1%. Purchases in all other eligible categories will bring you 1% cash back, with no limits applied. With special offers, the percentage of cash back earned on purchases in the first months can be higher.

Scotia Momentum® Visa Infinite Cardholders also get exclusive perks from Visa, including:

  • The Visa Infinite Concierge service to help you plan your trips and book tickets and restaurants

  • The Visa Infinite Hotel Collection providing the advantage of automatic room upgrades and free Wi-Fi on the check-in

  • The Visa Infinite Dining and Wine Country Program providing exclusive dining and wine tasting experiences

As long as Scotiabank partners with AVIS and Budget, you can save up to 25% when paying for car rentals with your Scotia Momentum Visa Infinite at participating AVIS locations and at participating Budget locations in Canada and the U.S.

In addition, a Scotia Momentum® Visa Infinite Card features comprehensive insurance coverage, including mobile device insurance, trip cancellation, and trip interruption insurance, travel emergency medical insurance, flight delay insurance, delayed and lost baggage insurance, travel accident insurance, rental car collision loss or damage insurance, purchase security, and extended warranty protection.

A Scotia Momentum® Visa Infinite Card is eligible for the Scotia SelectPay™ program. Under this program, you can divide the outstanding balance from eligible credit card purchases of $100 and more into 3, 6, or 12 fixed monthly installment payments. There will be no interest applied to your plan, just a low monthly fee.

Pros and cons

Here are the definite advantages of a Scotia Momentum® Visa Infinite Card:

  • Cash back earning opportunities

  • Interest-free grace period

  • Exclusive benefits from Visa

  • Discounts for car rentals at AVIS and Budget

  • Extensive insurance coverage

  • Eligibility for Scotia SelectPay™

Still, there are certain disadvantages to keep in mind:

  • A $120 annual fee

  • Minimum annual income requirements to apply

How to apply for a Scotia Momentum® Visa Infinite Card?

You can apply for a Scotia Momentum® Visa Infinite Card online by clicking the “Apply now” button next to the credit card description. To proceed with an online application, you need to specify if you have a Scotiabank online banking account already. If yes, sign in using your login credentials. If not, click the “Start your application” button and fill out the form with the following details:

  • Your title

  • Your first name

  • Your last name

  • Your date of birth

  • Your social insurance number (optional)

  • Your email

  • Your phone number

  • Your home address

  • Your employment status

  • Your field of work or industry

  • Your job title

  • Your employer

  • Your employer’s phone number (optional)

  • Your annual employment income

  • Your other annual income

  • Your monthly housing expenses

Once you provide all the required information, review it, and click the “Continue” button. Next, you must create a PIN and choose a secret word. Then, specify if you want to make your account paperless, whether you need an additional cardholder, and if you want to add creditor insurance coverage. After that, agree with the terms and conditions and click the “Continue” button.

Beware of the minimum annual income requirements to apply:

  • A minimum annual income of $60,000

  • A minimum household annual income of $100,000

  • A minimum value of assets under management of $250,000

How do I activate my Scotia Momentum® Visa Infinite Card?

You can activate your Scotia Momentum® Visa Infinite Card (as well as any other credit card from Scotiabank) in any of the following ways:

  • Online at the card activation page

  • By calling Scotiabank at 1-800-806-8600

Remember that you must be the primary cardholder to activate the card.

What types of grocery purchases qualify for 4% cash back?The eligible purchases for earning 4% cash back on the first $25,000 spent annually are purchases made with your credit card at merchants classified as “Grocery Stores & Supermarkets” by Visa (Merchant Code 5411).
There are several cardholders with my Scotia Momentum® Visa Infinite Card. Who is responsible for charges applied to the credit card account?

All charges applied to the credit card account are the primary cardholder's responsibility.

Rate
i

Effective interest rate on the product

20.99% - 22.99%

Other Credit cards of Scotiabank

Financial product
Amount
Rate
20.99% - 22.99%

Top offers of the February 2023

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