Scotia Momentum Visa Infinite pays cashback on everyday spending and supports your financial goals and credit building. Earn as you pay for essentials and recurring services. Responsible use can strengthen your profile over time.
Additional savings come through bundled insurance that covers several life events. Benefits can reduce out-of-pocket costs when covered incidents occur. Review eligibility and limits to see what applies to you.
This guide summarizes key features, fees, and the online application steps. Clear pointers help you decide if the card fits your budget and habits. Issuer pages provide the final terms.
Summary of the Scotia Momentum Visa Infinite Card
The Scotia Momentum Visa Infinite card is an award-winning cashback credit card from Scotiabank that focuses on helping you afford everyday purchases with convenient and secure payments.
The Cash Back Program applies to everyday shopping, travel costs, insurance, gas, and transportation while returning a portion of each purchase. Automating recurring bills helps capture higher earn where eligible. Check category terms and any caps before relying on them.
Benefits include travel insurance and mobile device insurance tied to eligible purchases. Paying for the trip or device with the card is often required to activate coverage. Policy limits and exclusions set the actual reimbursement.
Fraud monitoring and Visa protections help block and reverse unauthorized transactions. Zero Liability means you are not charged for fraudulent purchases reported promptly. Alerts and card-lock controls add another security layer.
Eligibility includes a listed minimum annual income of $60,000. Fees and interest may run higher than some alternatives, so weigh costs against expected rewards. Picking a card that matches your spending pattern improves net value.
About Scotiabank
Scotiabank operates as a Canada-headquartered commercial bank with a large national footprint. Services are delivered through branches, digital platforms, and partner networks. International ties support travel-friendly features on select cards.
Offerings include wealth management, loans, chequing and savings accounts, mortgages, and credit cards. Availability and pricing vary by province and customer profile. Accounts can be managed online and in the mobile app.
The Momentum Visa Infinite is one option within a broader lineup. Other products target travel, low-interest financing, student needs, and newcomers. Comparing benefits and fees side by side helps narrow the choice.
Other credit cards focus on travel and lifestyle purchases, low interest rates, student expenditure, and assistance for new immigrants.
Also read: Find Out How to Apply for a Triangle Credit Card – Triangle MasterCard
Features of the Momentum Visa Infinite Credit Card
New cardholders of the Scotia Momentum Visa Infinite card are entitled to a promotional welcome bonus of 10% cashback on all purchases for the first 3 months, up to $2,000.
After the promotional period, you'll earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
Examples of such purchases and payments include insurance premiums, utilities, gym memberships, or Netflix.
Cardholders will earn 2% cash back at gas stations and for transportation services. All other purchases will earn 1% cash back with no limit.
Get an Unforgettable Experience and Insurance Coverage
While this card gives you more than one way to earn rewards on daily purchases, people who travel a lot will love the card's perks, which include access to exclusive benefits for travel.
These include the Visa Infinite Concierge Service, which assists you in planning trips, booking restaurant reservations, and obtaining tickets to shows.
The Visa Infinite Hotel Collection will help you find the best rates with room upgrades and free wifi. When you need to rent a car to move around, you'll save as much as 25% on car rentals at participating AVIS and Budget locations.
Range of Insurance Coverage for Cardholders
Also included with the card is insurance coverage for travel and more.
The Momentum Visa Infinite card provides insurance for trip cancellation and interruption, medical emergencies during trips, and delayed or lost baggage, among others.
This card is one of the only cards that offers New Mobile Device Insurance for new mobile devices, tablets, and smartphones purchased using the card after August 19, 2021.
Cardholders also benefit from rental car collision insurance and purchase extended warranty protection.
How Do You Order the Momentum Credit Card Online?
Applying for the card is easy with its online application form.
- Existing Scotiabank account holders only need to sign in and begin their application with their already registered information.
- Non-customers, on the other hand, need to start the registration process from scratch.
- If you just arrived in Canada within the past three years, then you must visit a Scotiabank branch to apply for the card. To locate one closest to you, use their branch locator feature to search.
What Information Do You Need to Fill Out the Application?
The application requests personal and financial information to support your credit card application.
One of them is your Social Insurance Number (SIN), which the bank will use to verify your identity.
You must also have a valid Canadian phone number and home address.
Lastly, you'll need to know your annual income before tax and monthly housing expenses. Official financial and employment documents may be requested during the application stage.
Earn More with a Supplementary Card
The Scotiabank Momentum Infinite credit card stands out with its supplementary card feature. The supplementary card allows you to share your credit card and its payment limit with someone you trust.
Purchases made with the supplementary card also earn rewards equal to that of the primary credit card.
What If It's Not for You?
It's possible that the Momentum card is not for you.
The Momentum Infinite credit card has one of the highest annual fees and interest rates compared to other cards from Scotiabank.
It best serves those with a constant income stream and those who have their financial life in check.
These types of cardholders will be able to pay back the balance on the card on time instead of accruing high late payment fees and interest rates.
Fees and Interest
A premium credit card such as the Momentum Visa Infinite card comes with accompanying premium fees and interest rates. Below is a list of fees and interest rates.
- Annual Fee - $0 first year, $120 thereafter
- Purchase interest rate - 20.99%
- Cash advance interest rate - 22.99%
- Supplementary card annual fee - $0 first year, $50 thereafter
- Overlimit fee - $29
- Balance transfer fee - $5
- Dishonored or late payment fee - $48
- Foreign currency conversion fee - 2.5%
Eligibility Criteria
Before Scotiabank can consider you for a Momentum card, you must either be a Canadian citizen or a permanent resident of Canada.
You must also be the age or above the age of majority in the territory or province where you reside.
Where it concerns your earnings, you must either have a minimum of $60,000 in annual personal income, at least $100,000 in annual household income, or at least $250,000 in assets under management.
Lastly, your records from the past seven years must be free of any declaration of bankruptcy.
Scotiabank Address and Contact
Whether you need help with a transaction or want to rectify some information, there are five ways to contact or reach out to Scotiabank anytime, anywhere.
To reach them, you can visit your local branch, mail a letter to your branch, talk to an advisor, send out a tweet on Twitter, or call them at 1-800-4-SCOTIA (1-800-472-6842).
To speak with an advisor, you need to book an appointment beforehand, and if the phone number above doesn't work for you, try other contact numbers.
Scotiabank's head office can be found at 44 King Street West, Scotia Plaza 8th Floor, Toronto.
Conclusion
The Momentum Visa Infinite credit card by Scotiabank is a cashback card with premium benefits ranging from rewards to discounts, faster payments, travel insurance, and more.
While the annual fees and interest rate might be high for some, you'll get the highest cashback rewards with it compared to other Scotiabank credit cards.
Note: Consider the risks involved in using credit products before applying by consulting the issuing institution’s terms and conditions.
