Scotia Momentum Visa Infinite Review

Scotia Momentum Visa Infinite review

Right now this card is considered the top cash-back card in the country – and for good reason. With 4% cash back on gas and groceries, the rewards can really add up quickly. A typical family that spends $25,000 annually ($2,083 per month) on the card would earn in the vicinity of $506 in cash back during the first year alone!

Quick Facts

Annual Fee $99
Interest Rate 19.99%
Min. Income $60,000 personal, $100,000 household
Reward Type Cash Back
Reward 4% gas and groceries, 2% drugstore and recurring bills, 1% everything else
Reward Return 1-4% of spending
Sign Up Bonus First year free (limited time)
Apply Click here


  • Highest percentage cash back for gas and groceries of all cash back cards.
  • 2% cash back for recurring bills – the opportunity to move all monthly payments onto the card to maximize the cash back.
  • High annual limits in the gas and groceries cash back category (maximum spend of $25,000 per year).
  • 5% cash back on first $3,000 in purchases (limited time).
  • A very good insurance package for a cash back credit card, including travel insurance.
  • 20% discount on Avis car rentals.


  • High annual fee of $99 compared to some other cards along with a $30 fee for each additional card.
  • High minimum personal or household incomes needed to qualify. They may be somewhat flexible on this depending on your credit history.

Insurance Package:

  • Extended warranty - up to one year.
  • Purchase protection - 90 days.
  • Travel accident - $500,000.
  • Emergency medical - 15 days.
  • Trip interruption - $2,000.
  • Flight delay - $500.
  • Baggage delay - $500.
  • Lost or stolen baggage - $500.
  • Rental car collision insurance.

Cash Back Analysis

This card is marketed towards those who spend heavily on groceries and gas each month. Here is a breakdown of how much cash back over a span of 5 years you can earn using this card:

‘Light spend’ - $300 per month on gas and groceries, $50 on drugstore and recurring bills, $200 on everything else.

‘Medium spend’ - $500 per month on gas groceries, $100 on drugstore and recurring bills, $400 on everything else.

‘Heavy spend’ - $700 per month on gas and groceries, $200 on drugstore and recurring bills, $600 on everything else.


Year 1

Year 3

Year 5

Light spend




Medium spend




Heavy spend




I have taken the $99 annual fee into account with the above numbers. If you needed a second card the amount of cash back would be reduced by $30 each year.

In general, if you spend more than $450 per month on gas and groceries, this is the card for you. If you spend below that amount on gas/groceries each month, you’re likely better off choosing a card that does not have an annual fee.

How to Maximize Cash Back

The best way to maximize your cash back is to use creative ways moving as much spending into gas and groceries as possible. Personally, I use this card and tend to buy gift cards at gas stations and grocery stores since they will qualify for 4% cash back. I also buy transit passes at our local grocery store as well to get the most cash back for my purchase.

Another way to maximize cash back is to move as many recurring monthly payments over to the card as possible. For example, I pay the following monthly expenses through my cash back card: cable bill, monthly donation, cell phone bill, insurance and gym membership. This allows me to earn 2% cash back for these monthly expenses that I normally wouldn’t earn any cash back on.

The Final Verdict

The Scotia Momentum Visa Infinite is best for those who spend $450 per month or more on their gas/groceries. The cash back can be maximized even further by moving all recurring monthly payments onto the card, and buying as many gift cards as possible at gas stations/grocery stores.


Disclosure: Some links in this article may be affiliate links. We're letting you know because it's the right thing to do. Here’s a more detailed disclosure on how HTS makes money.

Hot Credit Card Deals This Month:

  • Best AIR MILES Card, 3,000 Mile Bonus, plus first year free
    • 3,000 mile bonus worth $519 in Air Miles flights.
    • Exclusive 25% Miles discount when redeeming for Canada & USA flights.
    • Top earning rate of any card on the market - 1 Mile per $10 spent.
    • Most travel insurance coverage of any travel card on the market.
    • 24/7 Concierge Service and Priority Pass Membership.
    • Annual fee waived for the first year.
  • ​NEW 5x Points on Groceries & Restaurants + 40,000 Bonus Points (worth up to $700)
    • Earn 5 points for every $1 spent at grocery stores, bars and restaurants.
    • The highest earn rate on both groceries and restaurants of any card in Canada.
    • Earn 2 points for every $1 spent on gas & travel and 1 point for every other $1 spent.
    • Earn up to 30,000 bonus rewards points in the first year.
    • Earn a welcome bonus of 10,000 points.
    • $10 monthly fee, instead of an annual fee.
  • 30,000 welcome bonus points (worth $300), plus first year free
    • Earn 4 points for every $1 spent on gas, groceries, restaurants and entertainment.
    • Earn 1 point for every $1 spent elsewhere.
    • Points that can be redeemed for travel - anywhere, anytime, with no restrictions.
    • 24/7 Concierge and access to Scotia Rewards Travel Service.
    • Low $12,000 minimum income.
    • Extensive insurance package.
  • Not sure which credit card is for you? Take this short quiz and find out


Michael's picture

This is a great cash back card if you can take advantage of the 4% back on gas/groceries. Unfortunately for me neither place where I buy all my groceries (Loblaws) or gas (Costco) accepts Visa, so that kills it.

February 10, 2015 @ 4:14 pm
Stephen Weyman
Stephen Weyman's picture

Yes, that's definitely a major bummer that they don't accept Visa at Loblaws. I honestly can't believe they don't accept it. I've rarely had a Visa in my adult life so I never really ran into that problem. I shop at Superstore most of the time. I guess I would have to switch to Sobeys if I had this card myself because the 4% cash back is too much to ignore.

February 11, 2015 @ 11:28 am
Rob's picture

I picked up this card at the right time - just before my wedding last spring. Made many of the big purchases using it and racked up a healthy cashback payment. Using it for everyday expenses, I am 'earning' more in cashback each month than I do in interest on any of my savings accounts combined.

It's true that you can't use the Scotia card at Costco (nor any Visa for that matter), but that's why you should get a (free) PC Points Mastercard - that way you earn PC Points for shopping at Costco, which you can then use when you go to Loblaws the other times you get groceries elsewhere.

February 10, 2015 @ 6:02 pm
Stephen Weyman
Stephen Weyman's picture

Having a good no fee backup MasterCard is definitely a good idea if you have this card. I follow a similar strategy when I've used an Amex as my primary card in the past. I've never felt the need for a backup Visa though. They don't really have any exclusive stores that I shop at.

February 11, 2015 @ 11:31 am
Ray's picture

Also cannot use this card at walmart to get 4% cashback on groceries as walmart is niot considered a grocer.

February 11, 2015 @ 12:17 am
Stephen Weyman
Stephen Weyman's picture

That's mostly true I think Ray but I believe there are some Walmart Super Centres that may be classified in the right category to get bonus cash back on groceries. I think it is on a store by store basis so you would have to test out your local store to see if it qualifies.

February 11, 2015 @ 11:34 am
Erick's picture

If you've just signed up for this card, be sure to fill out the paperwork to get a supplementary card, which is also free for the first year.

Once your free year is over, you'll be able to determine whether it's worth $30 to keep the supplementary card or cancel it.

February 24, 2015 @ 4:59 pm
Stephen Weyman
Stephen Weyman's picture

Good tip, thanks Erick!

February 25, 2015 @ 12:59 pm
Ashlee's picture

Thank you Stephen for your awesome posts.
I just wanted to share my experience trying to obtain the Scotia Bank Momentum Card. I applied in person as I don't have a high enough personal income amount and my partner is not a permanent resident. We were declined. I then applied online and after submitting them my pay-stubs, which clearly indicate my <$60,000 income, I was approved.
Thank you for making mention that they don't always decline people with the lower annual income or I may not have been so brave to apply for a second time.
I don't every carry a balance so the interest rates are of no concern to me. I am very excited to see if the cash back returns will be worth the $99 fee next year.

February 24, 2015 @ 7:07 pm
Stephen Weyman
Stephen Weyman's picture

You're quite welcome Ashlee. The different cards they offer are more to segment the market than anything but they often aren't too strict.  You never know for sure if they will approve you if you apply with a lower income, but as long as your credit history is good I definitely wouldn't let a lower income stop you from applying.

So glad you were able to get the card on the second attempt!

February 25, 2015 @ 1:01 pm
Gil's picture

you say negative of the card is no travel insurance....they do have the scotia website ..

March 10, 2015 @ 3:53 am
Stephen Weyman
Stephen Weyman's picture

Thanks for pointing that out Gil. I think Dan must have been thinking about the Scotia Momentum Visa (not the Infinite version) when he was considering the insurance coverage. I've updated the article to show the correct insurance coverage.

March 10, 2015 @ 1:05 pm
Amy's picture

I just started using this card and I really like it. It's great for my family expenditures, especially with the 4% on groceries and gas, and 2% on recurring bills for TV cable, internet, and cellular bills etc.

August 21, 2015 @ 9:08 pm
Stephen Weyman
Stephen Weyman's picture

Glad you like it Amy, it's definitely a fantastic card. The cash back really ads up on the gas and grocery purchases, eh?

August 27, 2015 @ 10:49 pm
Max's picture

Regarding Scotia Momentum Visa Infinite credit card, how can I redeem the Cashback accumulated? TKS

September 04, 2015 @ 6:45 pm
Stephen Weyman
Stephen Weyman's picture

The cash back is given to you as a statement credit once per year in November.

September 06, 2015 @ 1:43 pm
Refused to pay my cash back
Refused to pay my cash back's picture

Please be aware of this issue.

I called today asking that they cancel the $100.00 fee as I don't take advantage of all of the card benefits. Scotia Bank refused to cancel the fee so I asked that they cancel the card, they agreed to cancelling the card. When I inquired about obtaining the $60.00 cash back that I had earned through out the year they refused. They stated that they pay this money November and since I am cancelling the card prior to November then I am out the money.

This is a great way for this credit card company to keep you paying the annual fee. When you go to cancel the card they refuse to pay you the cash back that you earned.

Lesson learned for next time.....I would not suggest getting this card for this reason......

April 15, 2016 @ 7:16 pm
Stephen Weyman
Stephen Weyman's picture

If your annual fee date is less than 3 months before November, you should be able to cancel and request an pro-rated annual fee refund. Not guaranteed to work, but should work.

September 05, 2016 @ 12:54 pm
Martin's picture

Has anyone used the almost new Myvanilla prepaid Master card that came out last year or this year? It is reloadable. If there is 7-11 stores that also sell Petro Can gas, then that is the best way to maximize the Scotia momentum Visa Infinite cash back by combining the reward powers of Visa cash back & Petro points. You can even change all non gas $ grocery spendings to earn 4% or more rewards when combining the Visa cash back & Petro Can points.

August 23, 2016 @ 6:25 pm

Post new comment