Our Verdict
The Scotia Momentum Visa Infinite Card earns high marks as one of Canada's premier cash back credit cards, particularly excelling in its generous 4% return on groceries and recurring bills—categories where most households have their highest monthly spending. The combination of market-leading cash back rates, substantial welcome bonus, and comprehensive insurance coverage creates exceptional value for qualified cardholders who can easily earn enough to offset the annual fee several times over. Where the card loses points is accessibility. The $60,000 personal income requirement excludes many Canadians who could benefit from its rewards structure, and the $120 annual fee (after year one) requires careful consideration of your spending habits to ensure positive value. Additionally, while the cash back rates on core categories are excellent, the 1% rate on general purchases falls behind some competing cards that offer 1.5% or 2% on all spending. Despite these limitations, for those who qualify and align their spending with the bonus categories, the Scotia Momentum Visa Infinite Card delivers outstanding returns on everyday expenses while providing premium benefits that justify its place among Canada's top-tier credit cards.
8.7 / 10
- Earn a 10% cash back welcome bonus
- Earn up to 4% cashback on every $1 spent
- Travel insurance coverage
- You'll need to earn $60,000 a year to be eligible for the card
- This card comes with an annual fee of $120
Requirements
Be a Canadian citizen or permanent resident Age of majority in province/territory of residence Have an annual gross income of at least $60,000 (or a household income of $100,000).
Additional Details
- Balance Transfer APR: 22.99%
- Currency Conversion Fee: 2.5%
- Minimum Credit Score: 700+
- Minimum Deposit to Open: $0
Categories: Cashback, Scotiabank, Featured, Rewards, Lost Luggage, Visa, No Fee
