Scotia Momentum VISA Infinite Card

Scotia Momentum® VISA* Infinite Card

Card Features

  • Annual fee waiver for the first year. For accounts opened by July 31, 2017.
  • 4% on eligible gas station and grocery store purchases
  • 2% on eligible drug store purchases and recurring bill payments
  • 1% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of May 1, 2017. Subject to change.
  • 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

First year free, then $99

Additional Cardholders: $30

Pros

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

Cons

  • Excellent credit required to be approved
  • High income requirements

Bonus Offer

Annual fee waiver for the first year. For accounts opened by July 31, 2017.

Introductory Rates

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