Scotia Momentum VISA Card
Annual Fee
$39.00
Interest Rate
19.99%
Balance Transfer
2.99%*
Cash Advance
2.99%*
Credit Score
Good
Rewards
2.00%*
- Earn 2% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
- Plus earn 1% cash back on all other eligible purchases.
- A 2.99% introductory interest rate on balance transfers for the first 6 months.
- Consolidate all your recurring payments on your card and turn them into cash back rewards!
- Add an additional Supplementary Cardholder to your Scotia Momentum Visa card Account.
- Tap your Scotia Momentum Visa card or your smartphone for quick easy payments.
- As a Scotia Momentum Visa Cardholder, you can 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 Scotia Momentum Visa card.
- Purchase Security & Extended Warranty Protection: most items purchased with your card are insured against theft, loss, or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year.
- Scotia Credit Card Protection (optional)
- You must be a Canadian citizen OR are a Permanent Resident
- You must be at least the age of majority in your province or territory
- You must not have declared bankruptcy in the past 7 years
- Your annual gross income must be at least $12,000
Summary
The Scotiabank Momentum Visa Infinite Card gives you cash back on everything charged to your card. Earn 2% Cash back on gas, groceries, drug store purchases, and recurring bill payments, plus earn 1% cash back on everything else you charge to your card.
Our Review
Scotia Momentum VISA Card
The Scotiabank Momentum Visa Infinite Card gives you cash back on everything charged to your card, to be used however you like. The card comes at an annual fee of $39, which is not particularly high, but the savings you make with this card will likely not be too high either. At 2% Cash back on gas, groceries, drug store purchases, and recurring bill payments, and 1% cash back on everything else you charge to your card, the cash back rates are fairly strong for a card with a $39 annual fee. If you charge a lot of purchases to this card you could end up with some decent cash back! The card also comes with extended warranty and purchase protection, so this card could be worth considering for those who like to use their credit card frequently.
As per our rating system, this card scored 20/25 on rewards, 18/25 on interest rates and balance transfers, 8/25 on perks and insurance, and 24/25 on annual fees. Therefore, the total smart score of this card is 70/100.
Pros
- Earn 2% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
- Plus earn 1% cash back on all other eligible purchases.
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
- For the first 6 months get an introductory interest rate of 2.99% on balance transfers and cash advances.
Cons
- An annual fee of $39