The Scotia Momentum Visa Infinite is a premium cashback credit card offered by Scotiabank, designed to provide cardholders with attractive cashback rewards and a range of additional benefits.

Key Features:

  1. Cashback Rewards:
    • Earn 4% cash back on eligible grocery store purchases.
    • Earn 2% cash back on gas and daily transit purchases (including buses, subways, taxis, and more).
    • Earn 1% cash back on all other eligible purchases.
  2. Welcome Bonus:
    • The card often comes with a welcome bonus for new cardholders. The bonus amount and conditions may vary, so it’s advisable to check the latest offers.
  3. Insurance Coverage:
    • Comprehensive travel insurance, including travel emergency medical insurance, trip interruption insurance, and rental car collision insurance.
    • Purchase security and extended warranty protection for eligible items purchased with the card.
  4. Visa Infinite Benefits:
    • Access to Visa Infinite benefits, including Visa Infinite Concierge service and exclusive access to events and experiences.
  5. Annual Fee:
    • The card typically has an annual fee, which is competitive compared to other premium credit cards. The annual fee may be waived for the first year for new cardholders.
  6. Additional Perks:
    • Complimentary concierge services to assist with travel, dining reservations, and more.
    • Special offers and discounts through the Visa Infinite platform.

Fees:

  • Annual Fee: There is an annual fee associated with the Scotia Momentum Visa Infinite. New cardholders may have the annual fee waived for the first year.
  • Interest Rates: Standard interest rates apply to balance transfers and cash advances. It’s recommended to pay the full balance each month to avoid interest charges.

Eligibility:

  • Eligibility criteria may include a minimum income requirement and a good credit history.

Conclusion: The Scotia Momentum Visa Infinite is an excellent choice for individuals who want to maximize cashback rewards, especially on everyday spending like groceries and transit. The card’s additional benefits, including travel insurance and Visa Infinite perks, add extra value for cardholders.