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You’re already buying groceries, filling up your car’s gas tank, and probably spending money on public transit or ridesharing. So why not get a little something back with each expenditure you make?

With the Scotiabank Momentum Visa Infinite, you can do exactly that. The card allows you to earn points with every purchase you make. Its tiered rewards structure will let you earn as much as 4% cash back on certain purchases. 

In addition to the cash back rewards program, there are also several other attractive perks that come with the Scotiabank Momentum Visa Infinite, including VIP experiences and comprehensive travel insurance offerings. 

Let’s take a closer look at the Scotiabank Momentum Visa Infinite to help you decide if this is the right card to add to your wallet. 

Earning Points With Scotiabank Momentum Visa Infinite

The Scotiabank Momentum Visa Infinite credit card offers a rewards structure that lets you earn points with every purchase you make:

  • Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
  • Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
  • Earn 1% cash back on all other purchases with no cash back limit.

How To Qualify For The Scotiabank Momentum Visa Infinite Card

In order to qualify for the Scotiabank Momentum Visa Infinite card, you must either:

  • Earn a minimum annual income of $60,000
  • Earn a minimum household income of $100,000
  • Have a minimum of $250,000 in assets under management 

What Can You Redeem For With Scotiabank Momentum Visa Infinite?

After you’ve collected enough points, you can redeem on any of the following:

  • Grocery store purchases
  • Gas purchases
  • Public transit and ridesharing
  • Recurring bills, such as insurance, memberships, subscriptions, etc

Scotiabank Momentum Visa Infinite Features 

The Scotiabank Momentum Visa Infinite credit card comes with a number of attractive features, including the following:

Visa Infinite Concierge Service

Get help making restaurant reservations, booking travel, and getting tickets to an event with the Visa Infinite Concierge Service.

Visa Infinite Hotel Collection

As a Scotiabank Momentum Visa Infinite cardholder, you can secure the best available hotel rates, guaranteed. You’ll also receive an automatic room upgrade when available and complimentary Wi-Fi in your room upon check-in.

Visa Infinite Dining And Wine Country Program

This program will provide you with the opportunity to dine in sophistication with some of the more popular names in the food and wine industry.

Car Rental Savings 

Save up to 25% off car rentals from participating AVIS and Budget locations when you pay using your Scotia Momentum Visa Infinite card.

Scotiabank Momentum Visa Infinite Insurance Offerings 

There’s no need to take out certain types of insurance policies as a Scotiabank Momentum Visa Infinite cardholder. The card offers the following types of coverage:

Travel Emergency Medical Insurance 

Get up to $1 million in coverage for up to 15 days if you’re under the age of 65 years.

Flight Delay Insurance 

Get reimbursed for hotel stays, food, and other emergency items when your flight is delayed at least 4 hours, up to a limit of $500 per insured individual on the same trip.

Delayed And Lost Baggage Insurance 

The full cost of your tickets charged to your Scotiabank Momentum Visa Infinite will be reimbursed in the event that your luggage is lost or delayed, up to a combined maximum of $500 for all insured individuals on the same trip. 

Travel Accident Insurance

Get up to $500,000 in coverage in the event of accidental dismemberment or loss of life when you charge at least 75% of the ticket to your card.

Rental Car Collision Loss/Damage Insurance

Get automatic insurance on your rental car if it is damaged or stolen when you charge the entire cost of your rental car to your Scotiabank Momentum Visa Infinite card.

Mobile Device Insurance

Get $1,000 in insurance coverage for your mobile device if it’s ever lost, stolen, or damaged.

Extended Warranty Protection

Most products purchased with your Scotiabank Momentum Visa Infinite card will be insured against damage, theft, or loss for 90 days from the date of purchase. Plus, the manufacturer’s warranty will double for up to 1 year.

Optional Credit Card Coverage 

If you suffer a critical illness or injury that makes you unable to work, or pass away at some point, a Basic Protection or Comprehensive Protection plan can provide you and your family with financial protection to pay off your outstanding balance or help cover your credit card payments.

Scotiabank Momentum Visa Infinite Fees

The following fees apply when you take out the Scotiabank Momentum Visa Infinite: 

  • Annual fee: $120 (first-year fee waived)
  • Supplementary cards: $50/year
  • Purchase interest rate: 20.99%
  • Cash advance rate: 22.99%

See the best credit card combinations for you.

Scotiabank Momentum Visa Infinite Card Overview

Annual Fee$120 (waived the first year)
Cash Advances22.99%
Points– Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
– Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
– Earn 1% cash back on all other purchases with no cash back limit.
Extra Benefits-No annual fee in the first year
-Concierge service
-Hotel collection
-Dining privileges
-Mobile device insurance
-Comprehensive travel insurance
-Extended warranty protection-Car rental savings

Final Thoughts

If you’re looking for a way to make your money work for you while you spend it, then the Scotiabank Momentum Visa Infinite card may be worthy of consideration. With its attractive points-earning structure, comprehensive insurance products, and extra VIP perks, the Scotiabank Momentum Visa Infinite makes an attractive option when it comes time for you to apply for a credit card.

Lisa Rennie avatar on Loans Canada
Lisa Rennie

Lisa has been working as a personal finance writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same.

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