Scotia Momentum® Visa Infinite* Card Review

Annual Fee
first year free
Max Earnings Rate
Base Rewards Earning Rate
Recommended Credit Score
740 850 670 739 580 669 0 579
Purchase APR
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends June 30, 2023.

The Scotia Momentum® Visa Infinite* Card offers an impressive 4% cash back rate on groceries, recurring bills, and subscription purchases. While there are a number of lucrative Canadian credit cards for groceries, the high rate for recurring payments is unique, and a major boon for anyone who can set pricey insurance premiums or utilities as pre-authorized payments to their card.

We recommend that anyone who meets the Scotia Momentum® Visa Infinite* Card’s credit score and income requirements give it a trial run, because:

  1. Its annual fee is waived in its first year¹, making it relatively risk free to test out, and;
  2. The amount of cash back you can save via recurring bills varies substantially depending on where you live and who your insurers are, and it’s difficult to determine just how much you can save with this card unless you experiment.

Pros & Cons


  • Competitive welcome bonus
  • Very high cash back rates for groceries and recurring bills

  • You can get the annual fee waived by bundling the card with certain Scotia chequing accounts (conditions apply)
  • Impressive insurance coverage


  • Not all Canadians can use credit cards to pay for major recurring bills, like utilities or insurance premiums
  • So-so cash back rate for gas and transit

  • Average flat cash back rate for all other purchases
  • Annoying once-a-year policy for redeeming cash back

Welcome Bonus

The Scotia Momentum® Visa Infinite* Card currently has a very strong promotion: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends June 30, 2023.

So those who reach the $2,000 purchase cap and who add an authorized user to the card get a combined value of $370, which is quite good for a cash back card.

Related: Best Balance Transfer Credit Cards

Earning Cash Back

After the welcome period ends the card earns 4% cash back on groceries, recurring bills, and subscription purchases; 2% back on gas and daily transit (i.e. taxis, Uber, buses, trains, etc.); and 1% back on all other purchases. The 4% and 2% rates apply to the first $25,000 spent annually on groceries/recurring bills and gas/transit respectively, caps which the vast majority of cardholders won’t pass.

While virtually everyone will benefit from a high cash back rate on groceries, the real wild card here is the special rate for recurring payments. This category includes some obvious monthly or annual expenses, like streaming services, gym membership, paid apps, and software. But it can potentially apply to far bigger bills as well, including:

  • Electricity, gas, and water
  • Phone, internet, and cable
  • Home, auto, health, and life insurance premiums

Some Canadian utility providers and insurers accept pre-authorized credit card payments without charging any fee; some accept credit card payments for a small fee, like 2.5%; and others don’t accept credit card payments at all. Your options will vary depending on your insurance providers and city/province of residence, but you’ll likely be able to schedule at least a few of those big-ticket items as pre-authorized credit card payments, which is what makes this card so appealing.

Apply for the Scotia Momentum® Visa Infinite* Card

Redeeming Cash Back

One strike against the Scotia Momentum® Visa Infinite* Card is that the cash back it earns is only applied to your card statement once annually every November. This is less flexible than some competing cards (see ‘How Does It Compare to the Competition?’ below), which may allow you to redeem your cash back whenever you want.


Most credit cards with great travel insurance are, not surprisingly, travel rewards cards, which earn reward points rather than cash back. But the Scotia Momentum® Visa Infinite* Card comes with a really respectable purchase and travel insurance package for a cash back card, so it’s a good fit for those who travel regularly but prefer the ease of cash credit over the headache of redeeming reward points. Its insurance coverage is summarized in the table below:

Scotia Momentum® Visa Infinite* Card: What's Covered?
Travel Emergency Medical: up to first 15 days of consecutive coverage for cardholders and their spouses/children under age 65. Max $1,000,000 payout.
Delayed and Lost Baggage: up to $500 per trip for lost or stolen luggage. Up to $500 for baggage delays of over four hours.
Trip Cancellation: up to $1,500 per person for non-refundable costs associated with cancelled trips. Max $10,000 payout per cancelled trip.
Trip Interruption: up to $2,000 per person for non-refundable costs associated with interrupted trips. Max $10,000 payout per interrupted trip.
Flight Delay: up to $500 per person per trip for necessary expenses (hotels, meals, etc.) after flight delays of more than four hours.
Auto Rental Collision/Loss Damage: up to 48 days of consecutive coverage when you charge the full amount of your rental car to your card. Limited to vehicles up to $65,000 in value.
Hotel/Motel Burglary: N/A
Common Carrier Travel Accident Insurance: up to $500,000 per insured person (max $1M per occurrence).
Purchase Protection: covers theft of or damage to items within 90 days of purchase with the card.
Extended Warranty: extends a purchased item's original manufacturer's warranty by up to one year.
Mobile Device Insurance: new mobile devices purchased with your card are covered up to $1,000 in the event of loss, theft, accidental damage, or mechanical failure.

A standout of this coverage is the mobile device insurance, which is still a relatively uncommon feature among Canadian credit cards, and typically costs over $100 if purchased separately. Nonetheless, there are coverage gaps, like the lack of hotel/motel burglary insurance, so it’s not quite as comprehensive as the insurance you get from some top travel rewards cards, like the Scotiabank Passport™ Visa Infinite* Card.

Other Notable Perks

  • Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your card.
  • Visa Infinite* benefits (Hotel Collection, Concierge Service, Dining and Wine Country program)
  • Make purchases via installment payments with Scotia SelectPayTM

Related: Credit Card Concierge Services: Which Cards Do It Right?

Interest Rates and Fees

  • Annual Fee: $120 for primary card; $50 per supplementary card
  • Purchase Interest Rate: 20.99%
  • Cash Advance Rate: 22.99%
  • Balance Transfer Rate: 22.99%
  • Foreign Transaction: 2.50% charge per foreign transaction

Note that you can waive the annual fee every year if you choose to bundle your credit card. Conditions apply.

Related: Best Scotiabank Chequing Accounts

Eligibility Requirements

To qualify for the card you’ll need at least an Excellent credit score, and you must meet one of the below income requirements:

  • Make at least $60,000 in annual income personally

Income requirements aside, you must also be a Canadian citizen or permanent resident and the age of majority in the province or territory where you live. Those who have declared bankruptcy in the past seven years are ineligible.

How Does It Compare to the Competition?

 Scotia Momentum® Visa Infinite* CardBMO CashBack® World® Elite MastercardSimplyCashTM Preferred Card from American Express
Annual Fee$120$120$99
Welcome OfferEarn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends June 30, 2023.10% cash back for three months (max $260 cash back) + annual fee rebate for primary cardholder*10% cash back for four months (max $400 cash back)
Cash Back Rate(s)4% groceries, recurring bills, and subscription purchases; 2% gas and transit; 1% everything else5% groceries; 4% ground transit; 3% gas/electric vehicle charging; 2% recurring bills; 1% everything else*2% on each eligible purchase
Cash Back Redemption PolicyOnce annually each NovemberAny time (minimum $1 cash back)Once annually each September

If your eligible recurring bill payments are scanty and you’re more drawn to the possibility of raking in cash back at the grocery store, the Scotia Momentum® Visa Infinite* Card is hardly the only game in town. The BMO CashBack® World® Elite Mastercard technically edges out the Scotia card with its 5% rate on groceries. But keep in mind that the BMO card’s 5% rate is capped at $500 in grocery purchases each month; after you pass that it will only earn 1% on groceries until a new month starts*. That’s still a lucrative option for singles, but it’s less realistic for families, who will easily pass the $500 monthly threshold and should instead go with the Scotia card.

Don’t have clear purchase categories that dominate your expenditures? It might be better to go with a card that offers a high ‘flat’ cash back rate, i.e., cash back on every purchase you make. The SimplyCashTM Preferred Card from American Express has the highest flat cash back rate in Canada, and is probably the best option for those with diverse budgets. Just keep in mind that as an Amex it’s not as widely accepted by merchants as Visa or Mastercard are, so you’ll want to keep a backup Visa or Mastercard debit or credit card around for smaller retailers. You can check to see if your favourite retailers are on our list of Canadian merchants that accept Amex.

*Terms and conditions apply

Should You Apply for the Scotia Momentum® Visa Infinite* Card?

The Scotia Momentum® Visa Infinite* Card is the perfect fit if you answer in the affirmative to two of the below:

  • Do you spend more than $500 each month on groceries?
  • Are at least a couple of your big utility bills or insurance premiums payable via pre-authorized credit card charge?
  • Are you game to sign up for a bank account?
  • Do you plan to buy an expensive mobile device in the near future (e.g., an iPhone)?

If you answered yes to none or only one of the above, there’s no shortage of competitive cash back card alternatives that you could consider instead, starting with the two we highlighted earlier. But remember, Scotia Momentum® Visa Infinite* cardholders (those who aren’t currently cardholders) have their fee waived¹ in the first year regardless, making it quite inexpensive to give the card a try for at least a year.

Apply for the Scotia Momentum® Visa Infinite* Card

Related Articles:

¹ Conditions Apply. Visit here for the Scotia Momentum® Visa Infinite* Card to learn more.

Author Bio

GreedyRates is Canada’s go-to resource for all things personal finance. Our expert articles and videos cover every topic under the financial sun, including credit cards, credit scores, loans, bank accounts, budgeting, investing, RSPs, TFSAs, GICs, taxes, and more. Want our advice on a personal finance issue? Send us an email at [email protected] and we’ll gladly give you some free tips.

Article comments

Marie Kerslake says:

can you go into scotia momentum visa infinite and view your credit card statement

Daniel from GreedyRates says:

Hi Marie,
Yes, you can view your Scotia Momentum Visa Infinite’s credit card statement online by logging in through Scotiabank’s website.

Bee says:

I applied for the Scotiabank Infinite Visa using the 10% claim this bonus links above. As per the comment below from 2019, it said nothing on the scotiabank website about that deal. I’ve received my card and nothing I’ve seen confirms the 10% is activated. Is there anyway to see that it is in effect before 2-3 months from now when the deal period expires and the cash back is calculated?

Daniel from GreedyRates says:

Hi Bee,
We often work with financial partners to bring exclusive deals to our loyal readers. You can always call into Scotia’s customer service to confirm the promotion that’s been applied to your account. Keep an eye on your points- if you find that you aren’t getting 10% cash back and you’ve applied through the link above, please send an email to [email protected] with the email you used when signing up and we’ll have someone look into it. Thanks.

Robin says:

I have this card and don’t seem to be getting rewards for the Apple Subscription which is a recurring bill. Can you help?

Daniel from GreedyRates says:

Hi Robin,
That’s an interesting situation. Scotia’s legal footnotes do state: “You will earn 4% Cash Back on the first $25,000 you spend annually on purchases on the Account at merchants classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets (Merchant Code 5411) and Recurring Bill Payments. Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Scotia Momentum® Visa Infinite* Card. Not all merchants offer recurring bill payments.” Assuming your Apple subscription is automatically billed, consider reaching out to customer service at 1-800-472-6842 to get their take.

k8 says:

Existing Scotia card holders don’t qualify for the full welcome bonus(see comment below) I still wanted to upgrade, so I called in and asked nicely if I could get this card with first year fees waived for being a loyal Scotiabank customer. Got it no problem.

Daniel from GreedyRates says:

Hi k8,
Yes- it’s a long acknowledged frustration that existing customers don’t qualify for these new exciting welcome bonuses but what’s the saying- you miss 100% of the shots you don’t take? Thanks for stopping by to share your experience. Readers, take note: even if existing customers aren’t eligible for the bonus, a quick phone call could save you the first year’s annual fee!

AL says:

Am I reading this right?…. the legal writings say any Scotiabank card holder doesn’t get this offer.
So because I have a Scotiabank Scene VISA, I can’t qualify for this card’s bonus offer?

Daniel from GreedyRates says:

Hi Al,
Yep, you got it. The Eligibility and Exclusions in the legal footnotes specifies that “cardholders of a Scotiabank retail card…in the past 2 years are not eligible for the Offer”. Doesn’t look like you’ll be eligible for the welcome bonus since you’ve already got a Scotia credit card. Unfortunately, loyalty sometimes doesn’t pay.

Chump says:

Still confused on this. I’m reading that cash back happens in November each year, but also reading some say after a 12-month window. If I get a card right now in January, will I be able to earn the full cash back offer in November and be able to cancel by December?

Aaron Broverman says:

Hi Chump,
You get the bonus cash back 7 months after account opening. You get your regular cash back and it is applied to your statement every November. In December, the program begins again from zero. The cash back you receive is calculated based on all the net cash back you received in the last 12 months prior to November. In November your basically getting all the net cash back earned in the last 12 months.

RD says:

Hi – hoping you can recommend the right card for me. I currently have an old BMO Airmiles card – and would prefer a cash back card. I spend roughly $3k-$5k (CDN). Primary expenses are gas and groceries. I have been pre-approved for Scotia’s Momentum VISA – but after reading comments- I’m wondering if there’s a better option out there for me. I would prefer to not have to open an account (ie: Meridian) in order to qualify for a good cash back card. Any advice you can give would be greatly appreciated

Aaron Broverman says:

Hi RD,
What about the CIBC Dividend Visa Infinite card? It offers 4% back on gas and on groceries, along with 2% back on Tim Hortons and Telus purchases. (This is to a maximum of $20,000 spent annually and then it reverts to 1% cash back which is the base rate on all other purchases and remains unlimited for as long as you have the card) The only thing is, it carries a $99 annual fee.

If you’d prefer a no annual fee alternative, try the MBNA Smart Cash Platinum Plus. It gives 5% cash back on gas and groceries for the first six months (up to a $500 spend) and 2% cash back on those purchases after that. As usual, find reviews of both these cards right here at Greedy Rates.

Yannik says:

It is disappointing that they exclude Walmart from 4pct reward. I realized it a year after using it. Though unlike Costco the card is accepted for payment.

Aaron Broverman says:

Hi Yannick,
This totally highlights the need to reed your credit card benefit agreement as soon as you receive your card as all of the relevant restrictions and exclusions lie within. You can also find this information in the terms and conditions on the credit card issuer’s webpage. Specifically, on the credit card landing page. Plus benefit agreements are also available online for all credit cards as PDF files you can download.

Vincent says:

I paid with my Scotia Momentum Visa Infinite card a trip in Morroco in April 2020 with a bunch of friends. The airline company cancelled the trip due to Covid and offer in exchange a voucher to use with their airline valid 18 months. I asked for a cash refund but they refused. Therefore I went to Scotia Assist i order to use the Travel insurance “trip cancellation”. I had high hopes because one of my friend in the same situation managed to get a refund with his own travel insurance with his Visa card from another bank. (Not Scotia bank). he made the claim in April and got the refund at the end of May 2020.

Let me tell you it has been awfully slow with Scotia Assist insurance ! I called a good dozens of time, they lost my file then found it back, the, after 3 months they told me to call another Dpt named World Travel Protection.

Since I got a reply : they refused to refund me because they say ” As stated in your Certificate of Insurance; Trip Cancellation will reimburse you for any Eligible Expenses which are not refundable or reimbursable in any manner if, prior to Your scheduled departure, an Insured Person is required to cancel a Trip due to one of the covered Causes for Cancellation.”

Therefore if the airline offer voucher, even if you have the insurance you will not be able to get a refund !!
My other friend in the same situation did get a refund but it was with another bank. I will say that actually there are so many exceptions in the insurance charts that most of the time you will never get a refund. Very disapointed !

Aaron Broverman says:

Hi Vincent,
Just to add to that If you’re wondering why you are ineligible for trip cancellation/interruption insurance even though your trip was booked prior to the travel advisory coming into effect, it’s because there is no real trip cancellation if the airline did not fly. That’s the airline not providing a service and taking the money, but no trip actually happened, so there was nothing to cancel or interrupt. Had the flight still happened, but you yourself elected not to go because of the travel advisory or a doctor advised you not to go due to COVID-19, then,you may have been eligible for trip cancellation or interruption. YOU must cancel your trip due to a covered unforeseen circumstance, not the airline.

The second thing is, if you receive a value of any kind, such as a voucher. Suddenly, you don’t have a loss. Your opportunity to fly has just been moved from one date to a date in the future. There has to be a loss in order to be eligible for any insurance coverage. It’s understandable that you would want the cash instead of a voucher, but these airlines (even going into this pandemic) were facing or are facing economic issues where they couldn’t or still can’t give cash refunds right away. Part of the reason these airlines are giving vouchers is that governments have come in and started to back these airlines so they wouldn’t go out of business. These airlines have also received investment to keep themselves alive so they can restart. Right now, airlines are taking precautions to get people traveling again, but whether people will want to travel is a separate issue.

Have you tried initiating a chargeback with your credit card company to get the money back?

HH says:

Just cancelled mine (average spend $2500 – 6000 per month) after I found out that they changed the 4% gas cashback to 2% without even informing me. That’s a lot of vendor fees they won’t be getting anymore.

They also put the annual fee up from $99 to $120 (has anyone had a 21% increase in their wages lately?).

As a matter of principle I also closed my savings account with them and will never do business with them again.

Nate Siegel says:

Hey HH,

We highly appreciate you coming to GreedyRates with your comment. We’ve read lots of other remarks from your peers who also find the updated Scotia Momentum Visa Infinite cash back card unfavorable, and the removal of gasoline from the 4% eligible purchase category was a shared theme among them. As one of the most common and (lately) most expensive parts of the Canadian household budget, halving the cash back reward is simply untenable for many people and makes other cards look a lot better: the CIBC Dividend Platinum Visa, for example, still offers that 4% on both gas and groceries.

Another strategy, rather than trying to optimize your life to fit purchase categories and stores which are eligible, is to get a stronger flat-rate card. A high rate of cash back or rewards on all purchases, not just gas and groceries, means you’ll never need to deliberate on how to best obtain value from your card. We’re big fans of the Rogers World Elite card for this reason: 1.75% cash back on all spending, 4% cash back on all purchases made in a foreign currency, and no annual fee. As you can see, there are tons of alternatives to Scotiabank, which should make your decision that much easier. Good luck on the hunt, and as always, if you’d like more card suggestions just let us know.


Amay says:

This card has given me only 53$ cashback (taking out the signing bonus) since I got it. All things considered, it cannot even justify its ROI because after paying its yearly $120 it’s unlikely you will be left with any cashback amount in surplus. For perspective, a much lower rated free annual fee RBC card earned me 75$+ with similar spends. It also doesn’t provide 4% grocery cashback in some popular stores including walmart and isn’t accepted in Costco, which essentially means for me 80% or my grocery is giving me 1% while I can get 1.5-2% back on any free cashback card. My trial one year doesn’t end until mid 2020 but I can’t get the cashback I earned unless I keep the card until Nov 2020 so I guess that’s it for me. I actually liked this card but it’s not earning its worth.

Nate Siegel says:

Hey Amay,

Thanks for coming to GreedyRates with your comment. It sounds like your primary complaint about the Scotia Momentum Visa Infinite card is that it doesn’t work at Costco, and this is no surprise given that Costco in Canada is the domain of Mastercard exclusively. You also sound like you’re better suited for a cash back credit card that features a high flat rate on cash back for all purchases, not on special categories like groceries or gas.

In your case, we’d suggest you check out the Rogers World Elite card, which has a similar income requirement to the Scotia Infinite card and offers 1.75% cash back on all purchases (including at Costco). There are countless Mastercards that can offer you a better deal, and we think your disappointment is a classic case of simply holding a credit card that isn’t optimized for your purchasing habits. Let us know if you think we’re right, and we’ll help with more suggestions if you’d like. Thanks again.


J m says:

When on November do you recieve the cashback?

Nate Siegel says:

Hi J m,

Appreciate the comment. If you’re wondering how to get the cashback you’ve earned from Scotiabank at the end of the year, you don’t need to actually do anything. No requests need be made: Scotia simply credits you all the cash you’ve earned in the last 12 statement periods automatically to your account. This is how it works even though cash back accumulation is calculated monthly, so you can keep steady track of your progress. Enjoy!


Bruce says:

This card started out great with 4% on gas and groceries. They took away gas but added recurring bill payments. The problem is that all of the things you would think are recurring that you can pay with your credit card are not as such – so this is proving to be totally of no value. For me, this was house and cottage insurance, car insurance and boat insurance. I even tried to pay my monthly itunes subscription but apple would not take this card. The Scotia call centre said this was a reported issue by other card holders and they were working to resolve the issue with apple. Also when I called the call centre on why my intact insurance bill payment was not showing up as being recurring, the agent said that on his side it was showing up as reccurring and that this would be corrected when my statement issued. Needless to say it wasn’t and it is my belief that he was BS’ing me. Shame on Scotiabank! I have just switched to Merdian Visa which offers 4% on gas and groceries.

Nate Siegel says:

Hi Bruce,

It’s true that a fair number of other cardholders are reporting that the new recurring bills category gives low value. That’s why the changes that Scotia is trying to push as a wholesale “upgrade” are instead a few upgrades mixed with a couple changes that’ll be negative for most cardholders. Gas either collects cash back or it doesn’t: there’s no grey area where you aren’t sure if any single transaction is eligible or not. The truth is that many bills that are literally recurring, aren’t considered “recurring bills” as defined by Scotiabank and most banks besides.

For that reason, we’re coming prepared with a couple cards that will be satisfactory alternatives to the new Scotia Momentum Visa Infinite card. For one, we’d check out the MBNA Rewards World Elite card, which earns points at a very high flat rate (2 per $1 spent) that can be spent almost as flexibly as cash. Another option would be the Rogers World Elite card, with 1.75% cash back on purchases in Canada, and 4.00% on foreign currency transactions. If you’d rather earn at a lower rate on everyday purchases but more for gas and groceries, the best replacement is likely TD’s Cash Back Visa Infinite card: 3.00% on these categories plus a bonus for 10.00% on all purchases in your first three months.


Song says:

Had this card for 3 years now. Great card consistently getting $500 cash back per year.

But after they nerf the gas reward to 2% from 4% and hike the fees; I lost interest. Probably gonna switch to a different card.

The GreedyRates Team says:

Hey Song!

Great comment, and there’s nothing holding you back from finding a better credit card solution. If you found that gas was a main contributor to your cash back each year with the old version, then it may be worthwhile to avoid the boosted annual fee and lower rewards rate by switching to a card like the TD Cash Back Visa Infinite card. This is a great card to have as a primary, given that it collects a solid 3.00% on both gas and groceries, and 1.00% elsewhere. For new cardholders (that would be you), you’ll get an introductory 10.00% earn rate on all your spending for 3 months.

Another alternative, and one that’s good to keep as a secondary card, is the Rogers World Elite card. With no annual fee and a flat 1.75% cash back on all your spending, it’s great to use alongside the TD Cash Back Visa or another primary card that offers accelerated cash back from specific purchase categories. It also offsets your foreign transaction fees incurred on purchases made abroad in a foreign currency, by granting 4.00% on these expenses. If you have other preferences, let us know and we can help you make an informed decision.


Albert says:

I tried clicking on the apply button at the top, but I can’t find any information regarding the bonus 10% cash back on the next page that opened. Is the 10% offer still available?

The GreedyRates Team says:

Hey Albert,

Thanks for the question! If we advertise a promotion and you use our link to navigate to the application for the card you want, as long as you’ve applied during the active promotion and fulfill the other applicant requirements then you’ll receive the promotion as described. Even if the information on the card application page that you’re linked to doesn’t match the card information we provided (like if it’s missing a bonus or if the bonus is different), then don’t worry. It’s just that card issuers and banks simply use the same static page as the destination for all their partner deals and promotions. Enjoy!


Pablo says:

I had the No fee Scotia Momentum Visa way back 2009, closed in 2010. Will this fact disqualify me from the 10% cash back offer?

The GreedyRates Team says:

Hi Pablo,

Thanks very much for coming to GreedyRates with your inquiry. Feel free to apply for the Scotia Momentum Visa Infinite card and you’ll enjoy that lucrative 10% cash back perk, because we’re confident that you’re eligible. Though you’ve had the card before, this was almost a decade ago! It’s good to be cautious, though, because you can never tell with banks these days…unless you read the fine print. Buried in the legalese we found, “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.”

Accordingly, you’re eligible because you were a cardholder much longer than 2 years ago. This applies to both the 10% cash back perk and the annual fee waiver. Enjoy the card and holler at us if you need a word of wisdom about how to make the most of it, pair it with a complementary card, or otherwise help with your finances. Best of luck!


Peter Mueller says:

Is the 10% bonus cash back rate or earning supposed to appear on your monthly statement?

The GreedyRates Team says:

Hey Peter,

Great question. The Scotia Momentum Visa Infinite card’s 10% cash back deal is interesting because the cash back is segregated into two categories which both arrive to your account at different times. Until you’ve spent $2,000 at the 10% rate or until the promotional period has ended, the portion of cash back earned during this time at the regular 6% rate will only be received when you’d normally expect it (in November). The other 4% bonus cash back percentage above the regular rate arrives 2-3 months after the offer’s end date.

Since the maximum amount of cash back you can earn under the 10% deal is $200, then $80 of this cash back lump sum can be attributed to the bonus rate, and $120 to the regular rate. You’ll therefore get the $80 cash back at most 3 months after the promotion is over, and then the $120 as a part of your once-yearly redemption. Hope that clarifies it a bit.


dwigjt says:

“. Cash back will not be awarded for a Scotia Momentum VISA Infinite account that is not in good standing, or is not open, when the
November statement is issued. If a Scotia Momentum VISA Infinite account is closed at any time prior to the November statement, for any reason, all cash
back earned to that time will be forfeited. ”

my account was opened November 6 and my November statement was issued November 22. let’s say I cancel the day before (Nov 5), would I still get the cash back since they would still technically need to issue my November statement since the November statement actually overs late October as well?

Or is the wording such that the account must be active on the actual date the statement is issued (ie November 22)?

The GreedyRates Team says:

Hey Dwight,

Interesting conundrum you’ve presented us with. Your card was issued on November 5th, and Scotia makes it clear that if you intend to close your account before cash back is issued at the end of November, you won’t get the cash back you’ve earned when November’s bill comes due. We assume that your line of thought is to cancel before your account anniversary to avoid getting hit with a full annual fee, because if you keep the account open for an extra couple of weeks to request your cash back then the fee will nullify its value. We’re not sure how it’ll work, honestly, and depends on several factors including when the annual fee is applied, and if your idea about cancelling in the same month will work. The text seems to make it clear that accounts which are not open when the November statement is issued (at the end of the month) won’t get their cash back.

You’ll have to call Scotia and ask about this, but something tells us it’s intentional. Forcing people to wait until a certain time every year also forces them to make a decision about whether it’s worth it to cancel their account if it means forfeiting months’ worth of points. Regardless, let us know what you find out and good luck in your redemption adventures.

GreedyRates Staff

John says:

How much is a supplemental card?

The GreedyRates Team says:

Hey John,

Good question, thanks for reading. If you want to get a supplemental Scotia Momentum Infinite card for a family member or spouse, it’ll cost you $30.00. That’s an annual fee, so add it to your own annual fee as the primary cardholder and you two can expect to pay $129.00 per year for both your cards. Enjoy!

GreedyRates Staff

Sayeed Kazi says:

Excellent card.
My car rental company in Switzerland asked me to pay almost $1400 for minor scratch . And had no other insurance other than the this card insurance.
This card insurance paid me all.

The GreedyRates Team says:

Hey Sayeed!

Great to hear—the card has already paid for itself ten times over! We’re glad that the rental car collision and damage coverage that comes with your Scotia Momentum Infinite Cash Back card worked wonders and saved you a ton of cash on your recent trip. A whopping $1,400 for a scratch would’ve been a real nuisance to pay. We bet you’re blessing your decision to decline the rental agency’s insurance, as it may not have resulted in the same claim decision and regardless would have cost you extra. Keep a tight hold on this great credit card on future trips and be sure to take thorough pictures of all vehicles you rent before leaving the lot—just in case!


BRAD says:

Do you know how long it takes to get approved for this card?

The GreedyRates Team says:

Greetings Brad!

Thanks for coming to GreedyRates. If you’ve applied for a Scotiabank card and are currently waiting patiently for approval, know that it won’t take long. Given our far-removed relationship to banks we can’t know their internal processes very intimately, but we can say that we’ve seen other readers approved within a week. You’ll usually receive a notice of your approval same-day, so just keep an eye on your mailbox and email inbox as well. Remember also that there are multiple factors that could increase or decrease your wait time, like how inundated the bank is with applications at any moment, the comprehensiveness of your credit report, and more. Sit tight and call customer support if you don’t hear anything soon. Good luck!


Chin says:

I called and applied for the card on March 15, 2019 and they said that the card should arrive at a local Scotiabank branch close to me in a week. I was just informed that the card has arrived and ready for pick up; it is now March 26th 2019. If you apply online instead of over the phone, it actually takes longer, said the representative I talked to over the phone. However, to get a second card, you need to activate the first card and then call in to request a second card. I hope this helps.

The GreedyRates Team says:

Hey Chin!

That’s all correct. If you apply online, your application will typically take a little longer than if you call in to the issuer and apply with the help of a representative. You saw this when the bank estimated a one-week card delivery, but it took an extra 4 days—nothing terrible, but nevertheless inaccurate. It’s also true that for some cards, you must first activate the primary cardholder’s card before you can request a supplementary card, while for other issuers you can request a supplementary card on the application. Thanks again.


dwight chang says:

if i understand it correctly, wouldnt it be ideal to take advantage of this card by spending it on 1% purchases , so you earn 9% as bonus? this is assuming you have other cards that earn higher percentages on other categories

dwight chang says:

if i already have a scotiabank credit card, i can’t get this offer?

Samar Khan says:

It seems to me that if you take out the sign-up offer, the Meridian Visa Infinite card has better benefits for same annual fee.

The only disadvantage that I can tell from your review is that Meridian has 25K cap combined for 2% and 4% categories whereas momentum has 25K cap separate for the two categories. However, Meridian has 1K phone insurance and the 60 day price protection in addition to some cool travel privileges. So if you are not worried about the sign-up offer, then Meridian seems better option

The GreedyRates Team says:

Hi Samar!

Great observations. As it is with any two similar cards, the question of which card is better is only answered subjectively. While the Meridian card does offer some perks with circumstantial usefulness (like the mobile insurance might be great for someone who needs a new phone, or the price protection for someone who is a bargain hunter), it’s difficult to compete with the direct value offered by an introductory bonus. Keep in mind that these two perks are also unlikely to be used in full every year, because few people buy a new phone every year.

The Scotia Momentum provides you 10.00% cash back immediately on everything you buy and is simply the best cash back perk in the market right now. This doesn’t even account for the first year’s annual fee exemption and competing with this kind of value means providing perks that can stack up against $300 of effective value. That’s tough for banks, but for cardholders like us it’s great. Again, we appreciate your input and agree that for certain people, the Meridian card is indeed better. Our only concern is which card is best for more people—our game is a game of averages, and on average, the Scotia Momentum Visa Infinite card is superior.


Dwight Chang says:


So if I spend stuff that earns 1 percent. Does that mean the bonus rate is 9 percent for the first 3 months ???

The GreedyRates Team says:

Hey Dwight!

Great question. The Scotiabank Momentum Infinite card now has what is likely the best cash back promotion in the country, but the way it works can be confusing. We’ll try to clear that up for you. Basically, everything you buy with the card earns 10.00% cash back during your first three months, but the way that you receive your cash back is split into two milestones. You’ll receive the normal rate of cash back for the relevant purchase category immediately, and then the remainder of the 10.00% on a short delay.

Here’s an example: Let’s say you’ve just received the card and decide to go buy groceries during the promotional period. You spend $500, and the card’s normal rate of cash back for groceries is 4.00%, but this time it’s 10.00% and you earn $50 in cash back. The portion of your cash back coming from that standard 4.00% ($20) is deposited to your account per usual (within the statement period). The promotional portion of your cash back, which was the 6.00% on top ($30), is deposited to your account within 2-3 statement periods.

Also remember that your limit on promotional cash back is $200, so regardless of what you’re spending on, once you accumulate $200 in cash back during the promotion, rates return to normal levels. Enjoy!


Dwight chsng says:

Let me get this straight ..

If I spend my purchases that earn 1%..ill earn 9% for the first 3 months …then the 1% is paid out in November ??

The GreedyRates Team says:

Hi Dwight,

Here’s how the Scotiabank Momentum Visa Infinite card’s new promotion works. You earn 10.00% total on every purchase category for your first 3 months, but the way that the cash back is paid out is staggered into two steps. According to Scotia, you’ll receive the normal amount of cash back on the normal schedule, depending on the relevant purchase category, and then the remaining portion of bonus cash back later for a total of 10.00%.

For example, the card’s normal rate of cash back on “everything else” is 1.00%, as you mentioned. This means that all “everything else” purchases made during your first 3 months earn 10.00% cash back as advertised, but 1.00% of what you’ve earned (the standard rate) will be added to your account during the next month. The rest of this cash back (9.00%) takes a little longer, so you’ll see it in your account 1-2 months after the first cash back credit.

This unique cash back schedule also applies to the other purchase categories. For a grocery purchase during the promotional period, you’ll see 4.00% cash back come normally, and then the difference between the normal rate and 10.00% (6.00%) 2-3 months after the purchase (1-2 months after receiving the first part). Hope that clears it up!


Javi says:

We want to find a good cash back card for my business with purchases made a construction wholesaler such as Eecol
What would you suggest

The GreedyRates Team says:

Greetings Javi,

Thanks for your interest in business credit cards that offer cash back. Keep in mind that firms will often purchase millions of dollars in various materials, so making it easy for cardholders to earn rewards or cash back on the entire array of a business’s expenses would quickly put banks out of business. This is why the highest earnings rate of 1.50% on cards like the BMO CashBack Business Mastercard is only for internet, phone, and recurring bills purchases. It also offers 1.75% cash back on gas and represents what is likely the best card option for you. With just 0.75% cash back on all other purchases, you’ll still earn a decent cash back rate on the construction supplies you require for your business. If you spend $10,000 per month on construction supplies, for example, then that 0.75% means $75 cash back or $900 in your first year. You could throw a great company party with that size budget!

However, we always recommend that applicants call ahead to ensure that their most important expense will be 100% eligible for cash back. This is the only cash back card we know of that is specifically for business. You might be able to get better results from a non-business card that has a higher all-purpose cash back rate but be wary that if some banks won’t like it if you use their retail credit cards for business purposes—so this is another aspect to check out.


Serge Dore says:

what about amazon purchases

The GreedyRates Team says:

Hey Serge,

Thanks for your interest in the Scotia Momentum Visa Infinite Cash Back card. If you’re looking for a card that offers a great earnings rate on Amazon purchases, you’re probably better off with something like the Rogers World Elite card, which collects cash back on everything at 1.75% (even Amazon purchases), and then 4.00% on purchases made in a foreign currency. Many merchants on Amazon are from the United States, you’ll find, so with a card like the Rogers World Elite, buying from these merchants means 4.00% cash back. This covers the 2.50% foreign transaction fee, netting you 1.50% on top and greatly widening the array of worldwide merchants you can order from.

The Momentum Visa Infinite by Scotiabank is alright, but it will only earn cash back at the base rate of 1.00% on Amazon purchases. If you happen to order from an international merchant, then you’re paying 1.50% extra (2.50% in foreign transaction fees plus the 1.00% cash back). The Scotiabank card is largely for groceries and gas purchases, so if these are your primary spending categories and you order from Amazon occasionally, it’ll be better than the Rogers card in this circumstance. Thanks!


John says:

The Rogers card now offers only 3% rebate on foreign transactions, not 4%.
This 3% rebate has been in effect for about a year.
That means that after your foreign transaction fee of 2.5% is deducted from the 3% rebate, you have cleared 0.5%, not 1.5% as in previous years.

The GreedyRates Team says:

Hi John!

Great reminder. We’ve updated all the information on Rogers’ great foreign-fee-avoiding Mastercards back when their promotions changed. The Rogers Platinum Mastercard still represents a great tool for travellers as it once did, and it covers the 2.50% foreign transaction fee by awarding 3.00% (not 4.00%–that rate is reserved for the superior World Elite Mastercard) on all purchases made in a foreign currency. This includes online purchases as well. Cardholders earn 1.25% on purchases made in Canadian dollars.

If you still want to net 1.50% after the foreign purchase, grab the Rogers World Elite Mastercard. We still recommend this as one of the best tools for travellers, because it offers 4.00% cash back on top of the 2.50% fee, and then 1.75% on purchases made in Canadian dollars. Moreover, both of these cards have no annual fee, though the World Elite card does require applicants to show at least $80,000 personal annual income. Thanks again.


Ron Cote says:

Does Walmart qualify for the 4 percent Cashback?

The GreedyRates Team says:

Greetings Ron!

Thanks for the great question. When you’re using credit cards that have a required purchase category for spending to accrue rewards at an accelerate rate, it can sometimes be confusing which stores are eligible and which aren’t. There are several factors to consider, namely, which card network are you a member of? Which store are you in? Are you purchasing an item from within a grocery store that isn’t considered a grocery item?

Thankfully for you, you’re holding a Visa card, which considers Walmart Supercentres in Canada to be in the grocery category. When you’re buying grocery items from a Supercentre, that means that you’ll earn 4.00% if you pay with your Scotia Momentum Visa Infinite card. As always, let us know if you need further information or assistance and we’ll be happy to help.


Ron Cote says:

Thanks, as well would Costco gas in the US qualify for the 4 percent as well?

JustSoYouKnow says:

Did anyone is real person here who read terms and conditions ? Recurring bill payments are to be considered as Cash Advance with 20 %interest , and 2% cash back . 20-2=18% on every $200-300 each month , one can be paying as much as $500 in interest over the year !

The GreedyRates Team says:

Hi JustSoYouKnow,

Thanks for coming to GreedyRates. If you’re worried about recurring bill payments being considered ‘cash-like transactions’ and therefore subjected to higher interest payments, then have no fear. We’ve also dug into the terms and conditions for Scotiabank’s Momentum Infinite Visa card, and see that the bank defines cash-like transactions as “wire transfers, foreign currency, travellers cheques, money orders and gaming chips.” Recurring bills are essentially the same as any other purchase, and are subjected to the same interest rate as purchases—19.99%.

In other words, if you pay your bills on time and don’t carry extra balances from month-to-month, then there’s nothing to worry about. If this doesn’t describe you, then this isn’t the card to get. Cardholders who anticipate carrying part of their balance should consider a card with lower default interest rates, such as the RBC Visa Classic Low-Rate Option, which charges 11.99% on purchases and cash advances. The Amex Essentials card is similar, offering 8.99%, and a 1.99% interest rate deal for balance transfers. These might be better for you.

If you’d like any more suggestions, let us know. We’ll be happy to assist.

Thanks again,
GreedyRates Staff

Robert Adams says:

is no frills an eligible grocery store for the 4% cash back?

The GreedyRates Team says:

Hey Robert,

Interesting question! This might take a little digging, but we’re happy to check it for you. It looks like No Frills Grocery is owned and operated by Loblaw, which we already know is eligible for the 4.00% cash back rate when using the Scotia Momentum Infinite card. However, this is no guarantee that purchases made at No Frills locations are eligible for the extra cash back. We went ahead to check Visa’s published list of eligible grocery, gas, and pharmacy brands in Canada, and discovered that No Frills is on the list—but only in the latter two categories. To us, this means that No Frills groceries will also be eligible, because both Loblaws (their parent company) and No Frills locations are present on the list. We’ve linked it for you below, so you can see which grocery stores in your area are eligible. You might even find some franchises that you didn’t know were Scotiabank partners, allowing you to expand the range of stores where you shop.

Thanks for your post,
GreedyRates Team

Tekz says:

I’ve used this card for almost a year now and have earned $850 in cash back and with the first year annual fee waived then it was a no-brainer! Not only that, it has the best coverage for travel accident, medical, lost baggage, trip cancellation, & others when compared to other cards. I compared this side-by-side with MBNA Rewards World elite and that’s the closest to this card in terms of benefits with a $10 lesser annual fee but the insurance coverage doesn’t match the Scotia Visa Infinite card. I always pay my monthly statement on time and in full so never have to worry about the interest. I switched from a BMO Airmiles World Elite MC and didn’t regret as I found the “devaluing” of the Airmiles to be a rip off and just stopped collecting miles altogether.

Brad says:

Is it possible for you to do a comparison between this card and the Scotia Gold Amex? I have the Gold Amex and it has 4X points on grocery and selected gas options, among other things. I understand its not apples to apples since this is a rewards card while the Momentum is cash back but when redeeming on travel purchases that I’ve already spent I don’t lose out on any points exchange rate. Basically $1 spent on grocery, restaurant, etc is 1 point earned but I get 4X the points, then 10000 points equals $100 I can redeem. Just wondering if you apply your average monthly spend to both cards, which one works out better? Thanks

GreedyRates says:

Hi Brad, thanks for the request for a rewards comparison. Between the two Scotiabank cards you mentioned, the rewards equivalence is neck and neck. If you reference our Loyalty Rewards Bible, you’ll see that one Scotia point is worth about $0.01, while 1.00% cash back per $1 gives the same. However, the Gold Amex is a higher tier card than the Momentum and grants 4 points per $1. If you manage to spend a lot on gas, groceries, dining, and entertainment, you’ll earn the equivalent of $0.04 per $1. Remember that it is also an Amex, and will be accepted at fewer merchants.

What you can redeem for is where the crux of the issue lies. If you enjoy luxurious travel perks and rewards, then the Gold card is for you. Cash back is nice as well, because you can spend it on whatever you use the card for. In the end, the Gold card definitely wins, but either is a solid bet. Thanks again for reading!

GreedyRates Staff

cindy says:

I just applied for the card. when I got this card almost 1 month ago, I spent almost 4000 $ when I check my balance, it showed cash back only 39$, but when I apply for the card the bank financial advisor told me. there is a promotion , first 3 month on everything is 6% cash back. that why I applied for the card.
I just want to know if still possible in November, I could get 240 $ cash back or just get 39$ cash back.? who can tell me?

GreedyRates says:

Hi Cindy, thanks for stopping by. The cash back rate for Scotiabank’s Momentum Visa Infinite card is 4.00% on gas and groceries, 2.00% on pharmacy and recurring bills, and then 1.00% everywhere else. The promotion for 6.00% cash back ended a while ago, so you likely missed it if your card is just a month old. Even so, you must look at your statement closely to determine where you’ve earned cash back. There’s a chance that most of your purchases ended up in the category for which 1.00% cash back is awarded. Regardless, by November you’ll likely have more than the $39 in cash back that you’ve earned so far. How much is up to you, but cash back promotions won’t help you, as the card’s new promotion is simply an annual fee waiver, which you will probably receive soon. Make sure to use the card for all your gas and groceries, because this is where the cash back really starts to pile up! Thanks again and best of luck.

GreedyRates Staff

Jane lalonde says:

I’ve had this card for 2 years and Both years I received back over $4000 it’s great for those with a family and who drive alot

Daniel says:

Hi, I just got offer to get this card. We spent roughly 800$ on food in Superstore and some local european stores in Edmonton, a month, I also buy gas on Petro Canada…food, gas together with Bell, Shaw and car insurance we would spend yearly around 15k…doing basic math it pays triple at least to get this card, what would be the catch?
I’m not a fan of banks and credit cards, currently using only RBC signature rewards card but collecting points there it takes years and $$$…to get 500$ gift card or similar I need to collect 60 000 or 80 000 points and most stores they give you 1 point for 1$.

Any recommendations? Stay with RBC Signature or switch to Scotiabank?

And also, if I switch, will I have to open an account in Scotia or they can deposit cash back on RBC account?

GreedyRates says:

Hi Daniel, thanks for coming to Greedyrates. It’s easy to mistrust banks and credit cards, but with a little education you will quickly realize that for responsible cardholders, these tools will save immensely. With your spending, if you used the Scotiabank card and paid your monthly balance, you would earn a lot of rewards and significantly defray your expenses over time. The catch is that you MUST be responsible and pay your balance on time, or risk adding interest to the amount you owe.

We recommend getting the Scotiabank Momentum Infinite card, as it represents a big step up from the RBC Signature card you currently hold. You will earn much more and also get an impressive bonus from Scotia. We’re not sure if you’ll need to open a new Scotia account in order to accrue rewards: some banks will require this and some do not. In the cases where you do not have to open a bank account, the issuer will simply give you a “rewards account”. Call Scotia and find out – it should be quick, as their representatives are really on the ball. Good luck saving!

GreedyRates Staff

Daniel says:

Problem being is not that I don’t trust banks, but rather that I don’t like banks.

Thank you

Caroline says:

This is great card as noted. However, there are two things I have just realized. #1 if you make any returns, it always comes out of their 4% bucket (and no one has gotten back to me in a month with a response to the email I sent with all the evidence). #2 if you are a scotiabank customer and happen to transfer payments to the visa (vs. A bill payment), it actually nets down your purchases for the month. Both of these items make no sense and work to reduce your rebate. So beware. I will be escalating bc the impact thus far is upwards of $500 on my account.

sean rays says:

Scotia bank MasterCard is one of worst card even if you pay partial balance on time !!!
they charge almost %66 interest charge!! have second look at your statements please..

GreedyRates says:

Hi Sean, we’re so sorry to hear that you’re having a bad experience with Scotia. The way you’ve described your issue makes it difficult for us to determine what the problem might be. The card’s interest rate is 22.99%, and if you’re being charged more, only a bank representative will know what the issue might be.

If you could, please let us know your resolution, so we can make necessary changes to our published articles. Thanks and good luck.

GreedyRates Staff

Georgina Jones says:

I NEED TO RESET MY PIN # Help please

GreedyRates says:

Hi Georgina,

Have you tried calling Scotiabank’s customer service line? 1-888-882-8958

We hope that helps,

GreedyRates Staff

Georgina Jones says:


GreedyRates says:

Hi Georgina,

If you’re referring to the Scotia Momentum card, we suggest you call the following number at Scotiabank: 1-888-882-8958

They can help you with recovering your pin #.

Hope that helps,

GreedyRates Staff

Joyce says:

How can I cancel the card? Can i still get the rebate?

GreedyRates says:

Hi Joyce,

You can cancel the card any time by calling Scotia. You will not be charged the annual fee, regardless of when you cancel the card.

GreedyRates Staff

Shawn says:

Say if my outstanding balance is less than the credit statement, will they transfer the whole amount or only the portion that covers the outstanding?

GreedyRates says:

Hi Shawn,

You can only transfer up to your credit limit.

GreedyRates Staff

Declined to pay my cash back. says:

Please be aware of this issue.

I called today asking that they cancel the $100.00 fee as I don’t take advantage of all of the card benefits. Scotia Bank refused to cancel the fee so I asked that they cancel the card, they agreed to cancelling the card. When I inquired about obtaining the $60.00 cash back that I had earned through out the year they refused. They stated that they pay this money November and since I am cancelling the card prior to November then I am out the money.

This is a great way for this credit card company to keep you paying the annual fee. When you go to cancel the card they refuse to pay you the cash back that you earned.

Lesson learned for next time…..I would not suggest getting this card for this reason……

GreedyRates says:

Hi BatJuice,

That is a little bit of a less than transparent technique for Scotia to retain customers. Although the fact that it only redeems once per year at the end of the year is clearly written. That said, there are several other credit cards that offer more cash back flexibility, which will hopefully pull Scotia in-line.

The new Tangerin no fee cash back card, automatically applies your cash back against your statement EVERY month, or you can instruct them to deposit the cash EVERY month automatically in your Tangerine savinga account. (no fee, 2% cash back in up to 3 categories, 1% everywhere else – currently has 4% cash back in your chosen categories for the first 90 days).

With the MBNA Rewards World Elite card, you can redeem your points for cash back in $50 increments. You can have them mail a check to you, apply it as a statement credit, or deposit it into your bank account. (no fee first year, 2% cash back on ALL spend, $100 welcome bonus).

Hope that helps.

GreedyRates Staff

Catalin says:

I forgot to pay last month and they charged me $50 interest. I shall probably get another ~$15 interest in the next statement. I called and asked for forgiveness but they did not want to waive the charge. I am going to cancel the card and lose about ~250 in cashback for Jan-April. But for my piece of mind it is worth. PC Financial always waived interests when I was late.

GreedyRates says:

Hi Catalin,

First of all, we would receommend you call back and escalate the issue, after you’ve threatened to leave. Second, since you’ve already paid your annual fee, why not keep the card until November and redeem your $250 in cash back then?

GreedyRates Staff

Jodie says:

I too was going to cancel my card to avoid paying the annual fee, when they told me I would lose over $400 of cash back. The Scotia employee told me to keep it and that they will pro-rate the annual fee for the portion of the year that you used it until November. For me, that was 3 months so it was worth it in order to get my $400. I suggest giving them a call and seeing if this is a general thing they do, or if she told me this only because I expressed this as a serious concern. Although, it isn’t November yet, so let’s see if they stick to their word.

Jenny says:

when do they pay out the sign-up bonus of $100?

GreedyRates says:

Hi Jenny,

The Scotia Momentum Infinite Visa applies your cash back in November of each year.

GreedyRates Staff

C fremont says:

Any gas station or grocery store?

GreedyRates says:

Hi Caroline,

Here’s a list of some of the more popular merchants in the program. It’s pretty comprehensive. Technically, the merchants included in the program are determined by SIC code assigned to each merchant by VISA. It’s grocery stores that have the SIC code 5411, gas stations with SIC code 5541 & 5542 and drugstores with SIC code 5912. Wal-Mart is notably left off the list.

GreedyRates Staff

Phil says:

I see the list is for the 2% return but do you know where the list is for the 4% returns?


GreedyRates says:

Hi Phil,

It’s the same list.

GreedyRates Staff

Aaron says:

Fantastic list! Thanks. Considering this card. But I live right near a Freshco. I notice Freshco is not on the list but Sobeys. Sobeys owns Freshco. Would Freshco be considered a 4% grocery place?

GreedyRates says:

Hi Aaron,

Just because a grocery store is not on the list, doesn’t mean it’s not eligible. If the grocery store falls under SIC code 5411 with Visa, then the 4% cash back will be applied. A little digging on Google suggest Frescho does indeed fall under 5411, but we can’t guarantee it.

Hope that helps,

GreedyRates Staff

Patrick says:

When do they pay the the cash-back.
At end of year or at the end of the 12 months period.

GreedyRates says:

Hi Patrick,

Cardholder terms state your cash back “is awarded at the end of each 12 month period as a credit on your November statement.”

Hope that answers your question.

GreedyRates Staff

Chao says:

IS that true that I can got the sign-up bonus for activating the card or after first pruchase?

GreedyRates says:

Hi Chao,

To be eligible for the welcome bonus, you have to spend $500 within the first 90 days of being approved. The promotion ends Feb 29th.

GreedyRates Staff

Sara says:

is the annual fee waived for the first year or not? am confused

GreedyRates says:

Hi Sara,

The annual fee is not waived currently. Scotia has added a $100 welcome bonus instead. Same effect. Annual fee waiver is worth $99. Bonus worth $100. Scotia is probably just testing to see which offer consumers respond to more. Sorry for any confusion.

GreedyRates Staff

Meilan says:

Can I apply for a joint visa card online, and still receive the $100 bonus? Also, can the reward be deposited to my line of credit account (Scotia Line)?

GreedyRates says:

Hi Meilan,

The $100 bonus is for the primary cardholder only. It is structured as a statement credit on the Momentum card. It can’t be transferred to your Scotia line.


GreedyRates Staff

Scotiabank member says:

You can redirect it to your Scotiabank account and then transfer yourself to the line of credit.

Jen says:

Can anyone tellme which scotiabank account I need to have to receive the cash directly deposited into my account?

GreedyRates says:

Hi Jen, the cash back rebate can be deposited into any personal checking account, once per year in November.


GreedyRates Staff

Jen says:

Hi, thanks for answering my question regarding the cash back scotiabank visa. I have looked into scotiabank chequing accounts, and they all have fees to them..I currently have no fees at my online bank. I guess I need to open a scotiabank saving accounts as they have no fees on them.thanks for letting me know.

GreedyRates says:

Hi Jen,

Our pleasure. One thing though, our understanding is that Scotia’s cash back redemption is only deposited into Scotia’s checking accounts, not savings accounts. Regardless, if that does not work for you, they will apply your cash back as a statement credit to your credit card statement once a year in November as well – which avoids you having to get a Scotia bank account, while still getting the same value.


GreedyRates Staff

stephen tran says:

I have had this card for 5 months and it has been a “Nightmare” to try and get Scotia Bank to set up a reminder Alert email to let me know when it’s time to pay. I have been getting Interest charges for the last 3 months and their customer service is telling me that they are having the Alert setup email problem. How come Amex and MasterCard doesn’t have this issue? I’m beginning to think this is how they get their profits through interest charges. Needless to say, I’m going to stop using this card and am NOT recommending anyone apply for this card until they get this problem resolved. I’ve visited their branch 2 x, sent numerous emails and call in every month and they still cannot resolve this issue. Unbelievable!

Sensical Guy says:

If you get paid every two weeks, how about using that as a reminder to make a payment. If you don’t want to carry debt on the card, then keep it paid off more frequently. Most importantly, if it pisses you off you should probably just get better about remembering it yourself. How about using modern technology to set your own reminders?!

Seems like a bad reason to denounce the card. Misplaced blame in my eyes.

jaymie says:

Hello: I would like to say I have had a Scotiabank cash-back card for many years and have not paid a penny of interest. I write my due date on my calendar for a reminder and pay off the complete amount every month by the due date. I do not put any more on my Credit Card than I can pay off completely every month.


MDK says:

Same here and when you’re card is renewed they wipe out the alerts without telling you even though it’s the same account. Paper statements aren’t an option becaue they seem to arrive late every other month. Other banks don’t have issues with this kind of statement notification so they are either incompetent or trying to lure customers into missed payment dates.

Aaron says:

What about email notification of purchases. RBC and TD Visa can be set to email you a record of each purchase right when you purchase (within a few min). RBC also shows you Pending purchases online. Does this Scotiabank Visa offer this too? (pending purchases and email notifications?)

GreedyRates says:

Hi Aaron,

Unfortunately not. For Scotia’s Visa cards you can get mobile alerts for:

– Purchases above an amount you choose
– Purchases without the VISA card present (e.g., via online, telephone)
= Transactions outside of Canada
– Bill payments
– Minimum payment due for VISA or Line of Credit
– Credit limit almost reached on VISA or Line of Credit
– Missed payment on VISA or Line of Credit
– Account balance goes above or below a specific amount
– Current account balance
– Last five transactions

Hope that helps,

GreedyRates Staff

Louisa Kooneeliusie says:

I would like to apply for cash back visa card please

John Huckley says:

Then what’s stopping you?