Scotia Momentum VISA Infinite Card

Scotia Momentum® VISA* Infinite Card

Card Features

  • Earn 5% cashback on purchases for the first 3 months, plus an introductory 1.99% on Balance transfers for the first six months. For accounts opened by April 30, 2017.
  • 4% on eligible gas station and grocery store purchases
  • 2% on drug store purchases and recurring bills
  • 1% cash back on all other eligible purchases
  • VISA Infinite Complimentary Concierge Service - available 24/7
  • Access to VISA Infinite Luxury Hotel Collection
  • VISA Infinite Dining Series - Unique dining experiences in some of Canada’s top restaurants
  • Special access to unique offers and experiences
  • Rental car collision insurance
  • Purchase security and extended warranty protection
NOTE: A 1% Promotional Rate Fee (minimum fee of $3.50) on the amount of any cash advance, balance transfer and Scotia® Credit Card Cheque will apply during this promotional offer.

Interest Rates

APR: 19.99%

Balance Transfer APR: 22.99%

Cash Advance APR: 22.99%

Annual Fee

$99

Additional Cardholders: $30

Pros

  • 4% cash back on gas and groceries
  • 2% cash back on recurring purchases
  • Visa Infinite benefits

Cons

  • Excellent credit required to be approved
  • High income requirements

Bonus Offer

Earn 5% cashback on purchases for the first 3 months, plus an introductory 1.99% on Balance transfers for the first six months.

Introductory Rates

1.99% on Balance transfers for the first six months.

Reward Earnings Rate

4% on gas and groceries; 2% on recurring purchases and drug stores; 1% everywhere else

Additional Details

Grace Period: 21 Days

Minimum Credit Limit: $5,000

Fees

Balance Transfer Fee: 1.00%

Cash Advance Fee: $2.50

Foreign Transaction Fee: 2.5%

Over Credit Limit Fee: $29