** Right now there’s a promotion where you’ll earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and the annual fee is waived for the first year. To qualify, you must apply for the card by April 30, 2019.

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 gas & groceries, 2% on drugstores and recurring bills, 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

  • $99 annual fee – first year free
  • 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
  • 4% cash back on gas station and grocery store purchases
  • 2% cash back on drug store purchases and recurring bill payments
  • 1% cash back on all other purchases
  • Comprehensive travel insurance
  • Purchase protection and extended warranty

The 10% cash-back deal right now on all purchases is simply incredible. It caps out at $200 in cash back earned, but that’s huge!

The regular cash back rate of 4% on gas and grocery purchases is what will appeal to most people. This is not a promotional rate, the 4% stays but there is a cap at $25,000 – once you reach that amount, your reward rate drops down to 1%. Let’s say your family spends an average of $6,600 annually on groceries and $2,400 on gas – that’s a total of $8,000 or a cash-back reward of $360.

Drugstore purchases and recurring bill payments will earn you 2% and has an identical spending but separate cap of $25,000. Again, taking a look at the household expenses, if you factor in cell phones, cable, internet, insurance, subscriptions and anything else that can be charged to your credit card, the 2% cash back can add up pretty fast.

Any additional purchases will earn you 1% cash back with no caps on spending. Any 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.

Scotia Momentum VISA 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)
  • 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
  • Concierge service – Available 7 days a week, 24 hours a day
  • Rental car collision / loss damage insurance – The entire car rental cost must be charged to your Scotia Momentum VISA

With the exception of travel medical, to qualify for the travel insurance benefits, you do need to charge at least 75% of your travel purchases to your Scotia Momentum VISA. As for the travel insurance coverage is concerned, it’s pretty comprehensive and would cover you for just about everything. As usual,  you should always read the policy details to find out exactly what you’re covered for.

It may seem odd, but this card should seriously be considered as a “travel rewards” card. Basically, if you took the cash back and set it aside for your vacation each year, that’s a decent return. With a cash back card, you don’t need to worry about having enough points accumulated or paying fees and taxes. Yes, there are true travel rewards cards out there that offer you flexibility when booking, but you can’t deny the potential higher return here.

Final word

It should be pretty obvious that my Scotia Momentum VISA review is positive. It’s 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