Personal Finance

My Scotia Momentum Visa Infinite Review

Momentum Visa Infinite 400

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One of Canada’s favourite credit cards

Year after year, the Scotia Momentum® Visa Infinite is named as one of Canada’s favourite credit cards—for good reason. In this review, I’ll share my thoughts on the many standout features of this card and why I think it belongs in your wallet.

10% cash back and first year free!

Get 10% cash back and your first-year annual fee waived, including on supplementary cards.[note]Limited time only (apply by November 1, 2020). Subject to credit approval and conditions.[/note]

What are the key benefits?

The Scotia Momentum Visa Infinite features a long list of premium benefits[note]Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.[/note]:

  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350[note]The 10% Cash Back and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotia Momentum® Visa Infinite* credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by November 1, 2020 and is subject to terms and conditions. All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.[/note].
  • 4% on eligible recurring bill payments and grocery store purchases.
  • 2% on eligible gas station and daily transit purchases.
  • 1% cashback on all other eligible everyday purchases.
  • Comprehensive travel insurance.
  • New mobile device insurance coverage.
  • Purchase security and extended warranty protection.
  • Complimentary 24/7 concierge services.

Click here to jump to my breakdown of the top benefits of this card.

How much is the annual fee?

First-year annual fees for the Scotia Momentum Visa Infinite are waived for all new applications. After the first year, the annual fees are as follows:

  • $120/year for the primary cardholder.
  • $50/year for each supplementary card.

Notes on annual fees

  • Some cardholders have successfully requested and received fee waivers in year two. 
  • I was declined a second-year fee waiver for my card, but was offered a one-time fee waiver for the supplementary card for my husband.
  • It never hurts to ask—all they can say is no. Be as polite as possible and give it a try!
  • Another option is to open an Ultimate Banking Package at Scotiabank to receive an ongoing annual fee waiver[note]Up to $139; for the primary cardholder only.[/note].

What makes this card unique?

While all the benefits of the Scotia Momentum Visa Infinite are fantastic, some really stand out:

4% cashback on groceries

The most unique feature of the Scotia Momentum Visa Infinite is the 4% cashback on groceries. (Very few Canadian cards feature such a high earn rate on groceries.) For an average Canadian family of four, that would translate to $432 in cashback per year! 

The other great thing about the Scotia Momentum Visa Infinite is that you can earn 4% at all[note]Note that some smaller or independent grocers do not code as groceries with the Scotia Momentum Visa Infinite.[/note] grocery stores. (Unlike the President’s Choice Mastercards, which only offer bonus points at Loblaw’s stores.)

Additionally, the Scotia Momentum Visa Infinite is widely accepted. (Unlike the American Express Cobalt.) That means you won’t miss out on earning bonus cashback at grocery stores that don’t accept Amex.

4% cashback on recurring payments

Another unique earning category with the Scotia Momentum Visa Infinite is the 4% cashback on recurring bills. 

Out of all the cards on the Canadian market, the Scotia Momentum Visa Infinite offers the highest cashback for this category. If you pay your recurring bills by credit card, this could be a fantastic card for you.

Recurring bills include payments to services like Netflix, Disney+, Spotify, cell phone plans, internet services, and even monthly orthodontist installments. (If you’ve ever experienced the pain of orthodontics expenses, you know how costly it can be! It’s sure nice to get 4% of those fees back!)

2% cashback on daily transit

This is another unique cashback category for the Scotia Momentum Visa Infinite. (Only a handful of Canadian cards offer this bonus cashback category.) 

Daily transit is a broad category that includes:

  • Buses.
  • Ferries.
  • Passenger railways.
  • Taxicabs.
  • Limousines.
  • Ridesharing.

With such a variety of transit options included, most of us are sure to earn some cashback with this unique category!

Mobile device insurance

This is a newer insurance coverage that only a handful of credit cards offer. And as it turns out, the coverage is pretty great:

In the event your cell phone, smartphone, or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure, you may be covered for up to $1,000 to repair or replace your device.

As a rather clumsy person with a smartphone-carrying teen in the house, this insurance is extremely appealing! You can find more details on this coverage in this PDF.

Scotiabank U.S. Dollar Visa annual fee waiver

This is another great perk: as a Scotia Momentum Visa Infinite cardholder, the annual fee on the Scotiabank U.S. Dollar Visa will be waived[note]We were told about this fee waiver by an in-branch representative when we applied for the Scotiabank U.S. Dollar Visa. However, I can’t find written confirmation of this benefit anywhere. Rest assured it exists—we’ve received the annual fee waiver on the Scotiabank U.S. Dollar Visa every year.[/note]. That’s $35 USD in annual savings! 

Related reading: For those who are wondering why we hold a US dollar credit card, read What’s in This Canadian FI-Seeker’s Wallet? and scroll down to Why I use a USD Visa.

What about the travel insurance?

The Scotia Momentum Visa Infinite also features a comprehensive suite of travel insurance:

  • Trip cancellation and trip interruption insurance
  • Travel emergency medical insurance
  • Travel accident insurance
  • Flight delay insurance
  • Delayed and lost baggage insurance
  • Rental car collision loss/damage insurance 

This is an excellent list of travel insurance benefits that’s comparable to coverage offered by other premium credit cards.

What are the negatives?

While the Scotia Momentum Visa Infinite is a fantastic card, it’s not perfect! Here’s what I don’t love about it:

High annual fee

At $120 for the primary and $50 per supplementary card, this is not a cheap card! However, given the multiple bonus categories, there’s a very good chance that you’ll more than earn back the cost of the annual fee.

Low earn rate on non-bonus categories

Given the 1% earn rate, I would not suggest that you use the Scotia Momentum Visa Infinite for purchases outside of the bonus categories (groceries, recurring bills, gas, daily transit).

You could easily earn 1.75–2% on these purchases with other cashback cards—including my favourite: the free Rogers World Elite MasterCard. (Read What’s in This Canadian FI-Seeker’s Wallet? for my mini review of this amazing card.)

However, for those who aren’t into using multiple credit cards, 1% is still a decent earn rate for general purchases! See It’s worth it for ‘single-carders’ below for more on this.

Is it worth it?

For the first year—absolutely! With 10% cash back on all purchases for the first three months and no annual fee for the first year, you can’t lose!

After the first year, it all depends on your personal spending pattern. I believe most Canadians will still get excellent value from the Scotia Momentum Visa Infinite… but don’t just take my word for it! 

This easy-to-use calculator on Scotiabank’s site will help you see exactly how much you’ll earn in each of your spending categories[note]Be sure to click on the purple “Enter detailed spending” link to the right so that you can enter your numbers under each category.[/note].

It’s worth it for ‘single carders’!

If you prefer one card for all your spending (unlike crazy credit card rewards junkies like me) the Scotia Momentum Visa Infinite is definitely worth getting. 

My in-laws are ‘single carders’ who prefer simplicity. I recommended this card to them and they’ve easily earned multiples of their annual fee with their spending. (Which I’d classify as slightly below the Canadian average—they’re pretty frugal!) 

Each November, when the cashback pays out, they receive a nice, big payout. They love it and couldn’t be happier! If you’re a ‘single carder’ like my in-laws, the Scotia Momentum Visa Infinite may just be the perfect card for your wallet.

My final verdict

With 10% cash back for the first three months and no annual fee for the first year, you’re basically turning down free money by not getting this card! 

After the first year

After the first year, evaluate your experience with the card and whether the cashback merits the annual fee. I suspect most Canadians will easily earn enough to justify the annual fee (even frugal, FI-minded families).

If you decide to keep the card, don’t forget to request an annual fee waiver for year two. And if you decide not to keep it, you’ll still be several hundred dollars richer!

10% cash back and first year free!

Get 10% cash back and your first-year annual fee waived, including on supplementary cards.[note]Limited time only (apply by November 1, 2020). Subject to credit approval and conditions.[/note]


If you have any questions, feel free to leave a comment below—I’m happy to reply and help however I can!

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  • Reply
    Maria @ Handful of Thoughts
    February 1, 2020 at 6:27 am

    Haven’t had a cash back credit card in years but your review makes this one sound very appealing. I’ve alway focused on a travel rewards credit card and have benefitted greatly from the free/discounted travel.

    Great review, thanks for bringing this to my attention.

    • Reply
      February 1, 2020 at 7:55 pm

      You’ve had a lot of success with travel points, so I don’t blame you for sticking with those cards. I just like to diversify my rewards by having a bit of both!

  • Reply
    DGX Capital
    February 1, 2020 at 1:39 pm

    I’ve never really used travel reward credit cards. I prefer the cashback ones so that way I can use that money as I please whether for travel or other means. But definitely some of these travel credit cards have great sign up offers that can be enticing

    -DGX Capital

    • Reply
      February 3, 2020 at 7:46 pm

      DGX Capital—I find that a mix of travel and cashback cards works well for my family. But cashback is definitely a good way to go. It’s much simpler than travel rewards!

  • Reply
    Chris @ Mindful Explorer
    February 3, 2020 at 12:07 pm

    I never new about the cell phone coverage, that is pretty good to have with the cost of cell phones now. I have this card and will need to check out the fine print now.

    • Reply
      February 3, 2020 at 7:49 pm

      Chris—the cell phone coverage is pretty cool. If someone were to pay for their phone via a contract with a cell company, they’d earn the 4% on the recurring bill and receive the coverage for the phone. Of course, most of us in the FI community would suggest that you buy your phone outright and not pay for it slowly via a contract! But for some, it might make sense to do it that way.

  • Reply
    February 4, 2020 at 9:07 am

    Chrissy told me about Scotia Momentum Visa infinite when I retired a couple of years ago. I am so glad I listened to her because we received $600+ in 2018 & $858 in 2019! It more than covers the fees. I am inclined to using one card for almost everything since at my age, I can get a little confused at times 😄. Thanks Chrissy!!!

    • Reply
      February 4, 2020 at 10:07 pm

      Thanks for leaving your feedback, Mom. I actually didn’t realize you’d made that much in cashback—wow!

  • Reply
    Darina Confidus
    March 29, 2020 at 11:54 pm

    Hi, in your article I found a lot of useful information about Scotia Momentum ! I really appreciate it. Thank you for sharing your knowledge about the benefits of this card. Now you have one regular visitor to your site for new topics.

  • Reply
    Eduardo Hallal
    July 6, 2020 at 12:21 pm

    Thanks for this review Chrissy.

    I have a couple of no-fee cash back cards (amex simplycash and tangerine mastercard), and this card definitely has better benefits than mine, but I am still not sure that my level of spending would clearly justify paying an annual fee in order to get better cash back percentage. If it’s only within a few dollars, I am still unsure about paying the annual fee, because all-in-all my goal is still to lower my expenses anyway 🙂

    • Reply
      July 6, 2020 at 11:08 pm

      Hi Eduardo—you’re right that cards with annual fees are not always worth it. It’s definitely important to do the math to see if it makes sense.

      I agree that being within a few dollars wouldn’t be worth the annual fee! It’s better to keep things simple and minimize your wallet if possible.

  • Reply
    Joel D
    March 18, 2021 at 12:26 am

    Hi Chrissy- thanks for this detailed review. Wondering in your experience, how you recommend receiving the “cash” annual benefit. As I am not currently a Scotia client, it appears they would simply credit the Visa account with the “cash” back. As I’d be inclined to invest the cashback reward, do you think it’s worth opening a Scotia account to access the funds for investment purposes? I suppose it’s just a cashflow decision and perhaps it’s more simple to enjoy the credit to the Visa account for groceries etc for our hungry family.

    • Reply
      March 18, 2021 at 4:19 pm

      Hi Joel—unfortunately, even Scotiabank clients do not receive the cashback in any other form. It can only be received as a credit on the card account. 🙁

      Keep in mind also that the cashback is always credited once a year, in November. It’s always a nice surprise to see the credit appear in the account as I tend to forget about it, ha ha.

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