Scotiabank
Benefit from 10% cash back for 3 months, no annual fee in the first year and competitive rates on purchases and cash advances.
Scotiabank’s Scotia Momentum Visa Infinite Card stands out for shoppers interested in maximizing their everyday spending rewards. You can enjoy a massive 10% cash back on all purchases within your first 3 months of opening the account (up to $2,000 in total spending), making it a standout offer among Canadian credit cards. After the welcome period, earn ongoing cash back benefits. The annual fee of $120 is waived for the first year, including supplementary cardholders. Standard interest rates apply: 20.99% for purchases and 22.99% for cash advances. Applicants should note the income requirements (minimum $60,000 personal or $100,000 household).
Przewodnik po aplikacji krok po kroku
To get started, check if you have Scotia Online access. If you do, sign in and begin your application online. New customers can also apply directly through the online portal. Alternatively, if you are new to Canada in the past three years, visiting a branch is recommended. Have your identification and income documents handy to streamline the process.
Główne zalety
One clear advantage is the elevated 10% cash back welcome bonus, which is among the highest for cards available in Canada. The $120 annual fee is waived in the first year, offering significant savings from the outset. There’s also an extended grace period on purchases, providing flexibility with payments.
Potential Limitations
While the introductory period offers robust value, the standard annual fee of $120 resumes after year one, which may deter some users. The eligibility requirements for income may also pose a hurdle for those without high earnings. Additionally, carrying a balance can lead to high-interest charges.
Ostateczny werdykt
The Scotia Momentum Visa Infinite Card is an excellent choice for disciplined spenders seeking superior cash back on all purchases and additional value through an annual fee waiver in the first year. Eligibility requirements are strict, but the rewards make this card appealing for Canadians who frequently use their credit card for major spending categories.
