Scotiabank
Earn 10% cash back on all purchases for three months plus pay no annual fee in year one. Competitive rates and award-winning rewards. Exclusive for Canadians.
The Scotiabank Momentum Visa Infinite Card comes with an impressive cash back offer, making it a top pick for Canadians seeking real value. It stands out by offering 10% cash back on all purchases for the first three months, up to $2,000 in spending. Additionally, you benefit from no annual fee for the first year. The standard annual fee after the promotional period is $120, and interest rates are 20.99% for purchases and 22.99% for cash advances. This card is suitable for those seeking to maximize rewards for daily spending and who can take advantage of the initial offers.
Cómo aplicar: Pasos sencillos
- Check if you meet the personal or household income requirements.
- Gather your identification and financial details.
- Complete the online application form.
- If you’re new to Canada, visit a Scotiabank branch for assistance.
- Wait for approval notification and your card to arrive.
Pros: Outstanding Rewards & Welcome Offer
The primary advantage is the generous 10% cash back rate for new cardholders during the first three months. This provides an excellent opportunity to earn back on everyday essentials—especially useful for families or individuals with regular expenses. The card also offers flexible redemption and security features expected from a premium Visa Infinite card.
Cons: Annual Fee & Qualifications
One consideration is the $120 annual fee that applies after the first year, which may not fit all budgets. There are also minimum income requirements: $60,000 personal or $100,000 household, potentially limiting eligibility for some applicants. Carrying a balance may not be ideal due to higher interest rates on unpaid amounts.
Verdict: Strong Cash Back Card for Eligible Canadians
Overall, the Scotiabank Momentum Visa Infinite Card is a solid contender for those who want lucrative rewards with everyday spending. It is ideal if you can take advantage of the introductory period and pay off your balance monthly to avoid high interest charges.
