Talk to any person with knowledge about Canadian credit cards and they’ll tell you that the Scotia Momentum VISA Infinite card is the best cash back credit cards in Canada. What makes this card so popular is the fact that the rewards are simple, easy to earn, and even easier to redeem which makes it an appealing card for families and big spenders.

Once the promotional period ends, you’ll earn a cash back rate of 4% on groceries & recurring bill payments, 2% on gas and transit, and 1% on all other purchases Plus, with the additional benefits offered e.g. travel insurance, this is actually a good “travel” rewards card too. Read my Scotia Momentum VISA infinite review now to find out why it’s one of the best Scotiabank credit cards in Canada.

Scotiabank momentum visa review

Scotia Momentum VISA Infinite benefits

  • $120 annual fee – first year free
  • 10% cash back for the first three months up to $200 in cash back (when you apply by Mar. 1, 2020)
  • 4% cash back on groceries and recurring bill payments
  • 2% cash back on gas and transit purchases
  • 1% cash back on all other purchases
  • Comprehensive travel insurance
  • Mobile device insurance
  • Purchase protection and extended warranty
  • Concierge service

Right now there’s a promotional offer of 10% cash back on all purchases for the first three months when you apply for the card by March 1st, 2020. There is a spending cap of $2,000 which means you can earn a total of $200 cash back during this time. The regular cash back rate of 4% on groceries and recurring bill payments is still incredible, but there is a cap at $25,000. Once you reach that amount, your reward rate drops down to 1%. 

Gas and transit purchases will earn you 2% and also has a cap of $25,000 for each category. 

Any additional purchases will earn you 1% cash back with no caps on spending. The cash back you earn is paid out once a year during your November statement. Overall it’s not hard to see why even with a yearly fee that the Scotia Momentum VISA Infinite (referral link) is a popular card.

Mobile device and trip cancellation insurance have also recently added to this card which is clearly an attempt to compete with the Meridian Visa Infinite Cash Back card which has had both benefits for quite some time.

Scotia Momentum VISA Infinite travel insurance benefits

  • Travel medical – $1,000,00 coverage up to 15 days
  • Trip interruption – $2,000 per insured person (max $10,000 per trip)
  • Trip cancellation – $1,500 per insured person (max $10,000 per trip)
  • Flight delay – $500 per trip for eligible expenses for all insured travellers after a delay of 4 hours
  • Delayed and lost baggage – $500 per trip for eligible expenses for all insured travellers after a delay of 4 hours
  • Travel accident – $500,000 covering common carriers including airplanes, cruise ships, trains or buses
  • Rental car collision / loss damage insurance – $65,000/48 days

For a cash back card, the included travel insurance is quite impressive. Travel medical is good for 15 days if your under the age of 65 and it applies no matter what. For the rest of your travel insurance to be valid, you need to charge all of your travel expenses to your Scotia Momentum VISA Infinite card.

The included trip interruption, flight delay and lost baggage insurance is pretty standard but one thing you want to pay close attention to is the trip cancellation policy. Although $1,500 per person with a maximum of $10,000 per group is normal, it’s also not exactly a lot. Flights alone could be worth more than $1,500. I don’t consider this a deal breaker, but for some people, it may well be,

Final word

It should be pretty obvious that my Scotia Momentum VISA review is positive. It’s one of the best no-fee cash back card available and I’d argue it’s an excellent choice as a “travel rewards” card. Although the cash back is easy to redeem, it’s only paid out once a year in November as a statement credit or deposited directly into your personal chequing or savings account if you bank with Scotia.

Apply Now for the Scotiabank Momentum VISA Infinite card


Minimum application requirements

  • You’re a Canadian citizen or are a permanent resident
  • You have a minimum annual personal gross income of $60,000
  • You haven’t declared bankruptcy in the past 7 years
  • You’re at least the age of majority in your province or territory
  • Your home address matches your credit report home address