Scotia Momentum Visa Infinite Review

October 24, 2020
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How do I save on my monthly mandatory payments? Scotia Momentum Visa Infinite helps to earn cash back on different categories – 4% cash back for groceries and recurring payments, 2% on gas and daily transit, 1% on any other purchases. That's not all! You can enjoy comprehensive travel insurance coverage and concierge services to assist in your restaurant/travel reservations and recommendations on your purchases. Read our review below for more info.

Welcome Bonus7
Rewards Program10
Earn Rates10
Travel Benefits5
Annual Benefits vs. Annual Fee10
Referral Program0
Travel Insurance8
Purchase Coverage9
Foreign Transaction Fees4
Customer Service & Online Experience5
We recommend the Scotia Momentum Visa Infinite Card: for young couples or senior citizens who require frequent grocery shopping and regular monthly bill payments. Plus if you enjoy the occasional weekend getaway, you can enjoy a comprehensive travel insurance coverage if you charge your travel payments to your card.


We don’t recommend the Scotia Momentum Visa Infinite Card: frequent travellers. The card does not have impressive travel benefits or foreign transaction fee. If you are looking for better travel benefits, you can consider Amex Platinum or BMO World Elite Mastercard

Features & Benefits of the Scotia Momentum Visa Infinite Card

Welcome Bonus PointsUp to $350
Earn Rate on Groceries & Recurring Payments4%
Earn Rate on Travel2%
Earn Rate on Food & Drink1%
Hotel Benefits
Concierge Service
Comprehensive Travel Insurance
Foreign Transaction Fee2.5%
Interest Rates (only if they're different from 19.99% and 22.99%)20.99% on purchases

22.99% on cash advances
Annual Fee$120

#1 Welcome Bonus

The welcome bonus is $350 cash back valuation. First, you would earn 10% cash back in all purchases for the first 3 months up to $2,000 total (depending which criteria is fulfilled first). Second, you would have a waiver on the annual fee in the first year for both primary cardholder and supplementary cards.

Scotia Momentum Visa Infinite Card Welcome Bonus Score: 7/10

#2 Rewards Program

The rewards program for the Scotiabank Momentum Visa Infinite card is Scotia Rewards. With this card, you earn cash back rewards which is elaborated in the section below.

The cash back system is straight forward, as you have flexible categories to redeem cash backs. You don't require any registration to be eligible for cash backs. Once your card is activated, you will automatically qualify for cash backs. The ease of redeeming cash backs is simple and automated which is great for your daily use.

Scotia Momentum Visa Infinite Card Rewards Program Score: 10/10

#3 Earn Rates

Spending CategoryCash Back % Earned Per Dollar Spent
Food & Drinks1%
Gas & Recurring Payments4%
Gas & Daily Transits2%

You can earn 2% cash back at gas stations, paying at the pump, buses, taxis, trains, rideshare including Uber. You can earn 4% for grocery purchases and recurring payments such as insurance premiums, utilities, gym memberships, popular video or music streaming (Netflix), meal kit delivery and lifestyle boxes.

Enjoy 4% on recurring subscription fee payment for your favourite streaming service

With the welcome bonus, you can maximise 10% cash back from $2000 within the first 3 months on any kind of purchase. That gives you $200 in value.

Let’s say in a year where you don't enjoy the welcome cash back of 10%, 

Purchase Type Purchase Value ($) Cash Back Earned ($)
Groceries 150 6
Gas Station 100 2
Daily Transit 100 2
Drug Store 45 0.45
Recurring Bill Payments or Subscriptions 180 7.2
Other 250 2.5
TOTAL $ 825 $20.15

In a month where you spend an average of $825 on your Scotia Momentum Visa card, you can earn back $20.15. In a year, that is an approximate $242 cash back. This can cover more than double of your annual fee of $120 and you can enjoy your card benefits as well. 

Sentence 3: Elaborate on the earn rates where the card performs best. Perform calculations and give examples if it will help the reader grasp the importance of those earn rates. Note: if the earn rates are nothing special, like 1 point per dollar earned, you can ignore this. 

Scotia Momentum Visa Infinite Card Earn Rates Score: 10/10

#4 Travel Benefits

The travel benefits of the Scotia Momentum Visa card has an average performance.

Companion Tickets 
Hotel Status 
Hotel Benefits/Upgrades
Annual Travel Credit
Airport Lounge Access 
Airport VIP 
Concierge ✓
Other Travel Benefits✓  

You can enjoy the Visa Infinite Hotel Collection, Visa Infinite* Dining and Wine Country program and Visa Infinite Concierge services. Full details on the extent of the hotel upgrade and concierge services can be found on    

Scotia Momentum Visa Infinite Card Travel Benefits Score: 5/10

#5 Annual Benefits vs. Annual Fee

The annual fee is $120 which is considerably low as per market rate. Reason being – it comes with premium benefits – comprehensive insurance coverage, accelerated cash back rates for daily and essential spending and concierge services.

To top it off, there is a waiver on the first year annual fee for primary cardholder and supplementary cards which is a good deal on top of the cash back earnings you stand to earn.   

Scotia Momentum Visa Infinite Card Annual Benefits vs. Annual Fee Score: 10/10

#6 Referral Program

Unfortunately, Scotia Momentum Visa Infinite does not have a referral program. 

Scotia Momentum Visa Infinite Card Referral Program Score: 0/10

#7 Travel Insurance

Emergency Medical Insurance (Out of province/country) $1,000,000
for you, your spouse and accompanying dependent children each up to 15 days (for ages below 65)
Travel Accident Insurance$500,000
Trip Cancelation Insurance$1,500
Trip Interruption Insurance$2,000
Baggage Delay & Flight Delay Insurance$500
Lost or Stolen Baggage Insurance$500
Hotel/Motel Burglary Insurance
Car Rental Theft and Damage Insurance$50,000

Scotia Momentum Visa Infinite has a good insurance coverage which is comprehensive. The coverage is comparable to cards with higher annual fees which is why this card scores high in our point of view.  

Scotia Momentum Visa Infinite Card Travel Insurance Score: 8/10

#8 Purchase Coverage

The purchase coverage for Scotia Momentum Visa is good. It is one of the few cash back Visa Infinite cards that come with Mobile Device Insurance benefit where you are covered up to $1,000 in the event your cell phone, smartphone, or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure. Of course, you enjoy this coverage if you purchase your device with your Scotia Moment Visa Infinite card. 

The purchase coverage is solid as well where you get 1 year or more (or doubles the manufacturer's warranty) in the extended warranty as long as the card was charged fully for the product purchase cost. Coverage extends for the first 90 days from the date of purchase and is limited to the lesser of the repair cost, replacement cost or original purchase price

Scotia Momentum Visa Infinite Card Purchase Coverage Score: 9/10

#9 Foreign Transaction Fees

The foreign transaction fees are rather average on the Scotia Momentum Visa Infinite card. The foreign transaction fee is 2.5%. The cash advance fee is $5. However, there are other cards with a lower cash advance fee at $4 such as Canadian Tire Triangle Mastercard and Canadian Tire Triangle World Elite Mastercard where both comes with $0 annual fee.

Scotia Momentum Visa Infinite Card Foreign Transaction Fees Score: 4/10

#10 Customer Service & Online Experience

Scotia Momentum Visa Infinite is connected to the Scotia Rewards customer service team. You can access the customer service team via call between 8am and 8pm (EST) Monday to Friday and via email. Alternatively, you can reach out via their official Twitter (@ScotiabankHelps) from 8am – 11pm ET 7 days/week. The online experience to check your statement balance and credit info is adequate to use. 

Scotia Momentum Visa Infinite Card Customer Service & Online Experience Score: 5/10

Alternatives To The Scotia Momentum Visa Infinite Card

Scotia Momentum Visa Infinite is not for the avid traveller who is looking for comprehensive travel benefits. Here are two suitable alternatives for your consideration:

Alternative Card #1 American Express Platinum

Highly rated in terms of customer service and concierge services to assist in your travel requirements, Amex Platinum emerges as a favourite to avid travellers. Among the many benefits is the airport lounge access via Priority Pass program, companion flight ticket, hotel upgrades and annual travel credits privileges. This is, in our opinion, one of the best credit cards for Canadians today. For more details, read our Amex Platinum review.

Alternative Card #2 BMO World Elite Mastercard

BMO World Elite Mastercard comes with great travel benefits such as airport lounge VIP access via Loungekey program <tag Loungekey post> and earns BMO points that can be used to redeem flights, hotel stays and cruises. To add on, you receive comprehensive travel insurance. Read our BMO World Elite Mastercard review for detailed info on the card features and benefits.

Who Should Get The Scotia Momentum Visa Infinite Card?

If you are looking for a card that helps you save on your daily/monthly spending on groceries and bill payments, Scotia Momentum Visa is a winner. The 4% cash back earn rate would be useful for working adults, young couples and senior citizens who hope to score savings from their required spending. As long as you have a minimum annual income of $60,000 or a minimum household income of $100,000 or minimum assets under management of $250,000, you stand a chance to be a proud owner of the Scotiabank Momentum Visa card. If you need more info on the Scotia Momentum Visa Infinite card, you can take a look at their detailed terms and conditions. Otherwise, click below to apply for the card today.

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