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These days, customers want and demand more from their credit cards and banks. They want stronger security features, better rewards programs - including cash back - and fewer hoops to jump through. This is one reason why the award winning Scotia Momentum Visa has become the first choice for consumers. Customers enjoy up to 4 percent cash back on purchases and recurring payments and the travel rewards will have you wondering why you took so long to see the world. Before you do that, come and see ScotiaBank difference.


Scotia Momentum VISA Infinite Card
Intro APR  APR Annual Fee 
N/A* 19.99% * $99 Waived for the first year*
Apply For Scotia Momentum VISA Infinite Card

Basic Information

Issuer: Scotiabank
Card Network: VISA
Card Category: Consumer (Premium)
Card Type: - Co-Branded
- Instant Decision Card
- Reward Card
Credit Needed: Good*

Card Review

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At last, a new credit card offer that actually makes card holders feel as though they are being rewarded. The Scotia Momentum Visa credit card is designed for customers who are tired of the exhaustion that comes with overly-detailed rewards that somehow never feel rewarding. With ScotiaBank and Visa, two globally recognized brands that represent strength, even in economic downturns, consumers have found safe harbor in a sea of less than perfect products.

A strong credit rating ensures your approval and the low interest rates and fee structures ensure you're not shelling out more of your hard earned With layers of enhanced security built into every credit card, a host of other security features that comes with the ScotiaBank promise and up to 4 percent cash back opportunities, you're going to love the difference freedom provides.

It truly is all about flexibility and versatility. As this global bank continues to develop innovative programs, stronger technology and incredible rewards programs, you can be sure as a cardholder, your opportunities for making the most of your financial choices increase in ways you never thought possible.

A minimum $5000 credit line gets you started with this award winning credit card and you'll have your first year's annual fee waived. Doesn't get much better than that.

Have questions or want to learn more? Call us or visit the website to read the terms and conditions, check out the cash back opportunities and compare our offers to the credit cards you already carry. See for yourself the difference.
Card rating:
(4.5 out of 5) total 12 votes
Most attractive features: - Intro rates
- Rewards program
- Premium benefits
Least attractive features: - International transaction fee
- Annual fee from 2nd year

Rewards & Benefits

Reward Types: - Gas Reward Cards
- Merchandise Reward Cards
- Universal Reward Cards
Reward Unit: Cash
Rewards: - 10% cash back on all purchases for the first 3 months (Terms apply)
- 4% on eligible gas station & grocery store purchases
- 2% on eligible drug store purchases & recurring bill payments
- 1% cash back on all other eligible everyday purchases
Expiration: None*
Yearly Limit: None*
Other Benefits: - Travel Emergency Medical Insurance
- Trip Interruption Insurance
- 25% AVIS Car Rentals discount
- Visa payWave
- VISA Infinite Enhancements
- Rental Car Collision/Loss Damage Insurance
*See Terms and Conditions of the card for more benefits
Online Card Account Access:

Card Finance & Rates

Introductory APR (%): N/A*
Applied Towards: Balance Transfer, Cash Advance
Introductory Period: N/A*
Regular APR (%): 19.99%*
Annual Fee: $99 Waived for the first year*
Grace Period: See Terms*
Minimum Credit Line: $5,000*
Over Limit Fee: $29.00*

Balance Transfers

Balance Transfer:

Cash Advances

APR on Cash Advances (%): 22.99%

Other Fees

Additional Fees Foreign Currency Conversion: 2.50 %

Comments

1 You will earn 10% cash back (the “Offer”) on the first $2,000 in eligible purchases posted to your new Scotia Momentum® Visa Infinite* credit card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back value of $200, whichever comes first (the “Offer End Date”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Offer End Date, you will earn regular cash back on purchases at the regular cash back rate described in the Scotia Momentum Visa Infinite Cash Back Program (the “Program”) that applies to the Account (the “Cash Back Program Rate”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program); and (ii) a “Bonus Cash Back Rate”. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
1. Bonus Cash Back Rate: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 2- 3 months after the Offer End Date; and
2. Regular Cash Back Rate: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under your Program (November).

EXAMPLE: If the regular Cash Back Program Rate for the Gas Stations and Grocery Stores category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. If you make $2,000 in eligible everyday purchases in the Gas Stations and Grocery Stores category, your cash back earnings will be credited to your Account as follows:
First, the Cash Back Bonus Rate of 6% x $2,000 = $120 will be credited to your Account within 2-3 months of the Offer End Date.
Secondly, the Cash Back Program Rate of 4% x $2,000 = $80 will be credited to your Account as per the regular cash back payment schedule (November).

The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

All other terms of the Scotia Momentum® Visa Infinite* Cash Back Program Terms and Conditions apply. Offer applies to a new Account only opened by April 30, 2019.
Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are not eligible for this Offer. All rates, fees, features and benefits are subject to change.
Offers may be changed, cancelled or extended and cannot be combined with any other offers.

◊ We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by April 30, 2019. Any additional supplementary cards must be issued by April 30, 2019 to qualify. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this offer.
The current annual fee is $99 for the primary card and $30 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.

†Based on a $99 annual fee waiver in the first year and a potential cash back earning of up to $200 during the offer period.

Action

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* The information provided for Scotia Momentum VISA Infinite Card is believed to be accurate at the time of evaluation (Mar 1, 2019). Please verify the terms and conditions for each provider to ensure accuracy of any information posted before applying for any product.

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