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Scotia Momentum Visa Infinite Review 2023

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These days, it seems as if Canadians have more credit card options than ever before. But many of these credit cards offer limited usefulness if they’re not used to their full potential.

If you’re in the market for a new credit card and want to unveil the best rewards possible or are looking for a credit card that’s right for you, we’d like to introduce you to the Scotia Momentum Visa Infinite.

In this WealthRocket article, we’ll offer a Scotia Momentum Visa Infinite review, covering all of the details that come with one of Canada’s most popular credit cards.

Scotia Momentum Visa Infinite Card

Scotia Momentum Visa Infinite Card

Rated 4.7/5 stars.

  • Welcome Offer 10% cash-back on first 3 months (up to $2000)
  • Annual Fee $120
  • Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
  • Recommended Credit 725 - 759

Scotia Momentum Visa Infinite: Overview

First thing’s first: the Scotia Momentum Visa Infinite card is known as a “cash back card,” meaning that it offers its user’s cashback rewards when used for eligible everyday purchases.

Scotia Momentum Visa cardholders can earn between 1% to 4% cashback, depending on the purchasing category.

Cardholders can earn up to 4% back on grocery purchases or recurring bill payments. Gas and daily transit expenses will offer 2% back. Any other purchases will see a cash return of 1%.

Anyone familiar with skimming the Canadian credit card market will recognize this 4% cashback rate as quite generous, especially considering that the bulk of the average Canadian’s spending probably falls within the areas of groceries or bills.

This is just one reason why this credit card is often one of the top recommendations for Canadians, and why it makes its way into so many people’s hands and wallets. We’ll demonstrate more reasons in this Scotia Momentum Visa Infinite review.

Scotia Momentum Visa Infinite: Sign-Up Process and Requirements

Before you start considering whether this is the right card for you, let’s look at what it takes to get approved for this card.

To be eligible for the Scotia Momentum Visa Infinite, an applicant must prove a yearly income of at least $60,000 or a household income of $100,000.

Candidates must also have, at the very least, a good credit score. Some sources say a score of 660 and up is the magic number, while other sites suggest that the minimum score should be somewhere around 725. Applicants must also be a permanent resident of Canada as well as the age of majority.

Once you are the holder of a Scotia Momentum Visa Infinite card, you will see your cashback rewards credited to your account balance once a year, in November, with no action required on your end.

Scotia Momentum Visa Infinite: Credit Card Features

Folks who make it past these stringent application guidelines can expect to reap the benefits of a well-rounded card with prowess that goes beyond high cashback rewards.

Some highlights of the Scotia Momentum Visa Infinite include:

Concierge Services

The Scotia Momentum Visa Infinite offers its cardholders complimentary 24/7 concierge services, which acts as a personal assistant for customers looking to choose a restaurant or plan for a special occasion.

Mobile Device Insurance

If you buy a mobile phone with your Scotia Momentum Visa Infinite, you’ll receive coverage of up to $1,000 that can go towards theft or damage of your cellular device.

Promotional Cash Back Rewards

Although the 4% cashback rate is enticing in its own right in the past couple of years, Scotia Momentum Visa Infinite users can benefit from a promotional cashback rate of 10% for the first three months of card use.

Travel Insurance

The Scotia Momentum Visa Infinite comes with insurance that covers 75% of the costs of a canceled or interrupted trip, up to one million dollars in travel insurance, flight delays, as well as 75% of all travel-related accidents. It also comes with built-in rental car insurance that will cover you in the event of theft or damage to a rental vehicle.

Other Visa Infinite Benefits

Being a Visa Infinite card, it’s not surprising that the Scotia Momentum Visa Infinite comes with benefits beyond the above listed. Cardholders get access to renowned Visa Infinite perks, such as the Visa Infinite Dining Series and the Visa Infinite Music Series.

Annual Fee

While the Scotia Momentum Visa Infinite technically comes with an annual fee of $120, this fee is waived for the first year by default. In later years, you can receive an annual fee waiver by opening a Scotia Ultimate Package bank account. If you do not currently have a chequing account with Scotia, it may be worthwhile looking into this option, even if it means making the big switch from an existing bank account of yours.

Scotia Momentum Infinite Visa: Pros & Cons

Just like any other card on the market, the Scotia Momentum Visa Infinite comes complete with its unique pros and cons.


  • Compared with all other cashback rewards on the market, this card’s 4% rate in two major categories is hard to beat

  • All transportation expenses are eligible for the 4% category; not just gas

  • High spending cap of $25,000 in both 2% and 4% categories

  • Easily-redeemable, non-complicated rewards process, automatically applied to your account


  • Great earn rates are exclusive to grocery stores purchases or bills

  • Narrow definition of “grocery store” for cashback rewards

  • Rewards are only for statement credits

  • Rewards are only redeemable once a year

  • Card approval requires an excellent credit score and a relatively high income

Our Final Thoughts

It’s clear as day why the Scotia Momentum Visa Infinite card is highly regarded as one of the best credit cards in Canada.

With high cashback potential and a healthy offering of customer perks, this card is hard to beat. This fact is especially true if you or your household spends the majority of your money on essentials like groceries, bills, and transportation costs.

With great cashback benefits applied to both primary and secondary cardholders, finding a better, more well-rounded card for Canadian families is certainly a challenge.

Frequently Asked Questions

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