The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).  All rates, fees, features and benefits are subject to change. Zack Fenech | November 2, 2020. Choose a Scotia Momentum® Visa Infinite* card or a Scotiabank Passport™ Visa Infinite* card and earn cash back or travel rewards.Â, Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Effective Aug. 1, 2019, Momentum Visa Infinite cardholders will be on the hook for $120 annually instead of $99, and will see an interest rate of 20.99% on everyday purchases — a one percentage point increase from the … The card’s updates (detailed … You, your spouse and eligible dependent children will be automatically insured against accidental loss of life, or dismemberment – up to a maximum of $500,000 (to a maximum of $1,000,000 per occurrence). For a list of compatible Apple Pay devices, see support.apple.com/km207105. Credit Cards. B) Scotiabank Momentum Visa Infinite: $120 annual fee (waived in year one), up to 4% cash back, comprehensive travel rewards, car rental insurance, mobile device insurance, and more. Scotia Momentum Visa Infinite Card. Plus, no annual fee in the first year, including on supplementary cards.1 A welcome offer value of $350.† (Apply by February 28, 2021) Sign up to claim the welcome bonus! 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 6. Earn up to 30,000 bonus Scotia Rewards points in your first year (that’s up to $300 towards travel).‡, Enjoy complimentary airport lounge access7. Plus, Scotiabank will waive the annual fee … Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Includes: grocery stores and supermarkets. That’s $35 USD in annual savings! Charge the full cost of your airplane, train, bus, or cruise ship tickets to your Card. The Certificates of Insurance and/or Terms and Conditions contain full details of all coverages and services provided by American Bankers Insurance Company of Florida and American Bankers Life Assurance Company of Florida. Whether or not you go for the Scotia Momentum Visa Infinite credit card very much depends on where you spend your money. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:Â, 1. The Primary Cardholder on the Scotiabank Momentum® Visa Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder. This is one of the few Cash Back Visa Infinite* credit cards with this insurance benefit.7. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer. I signed up for the Scotia Momentum Visa Infinite Card a few months ago as my calculations showed that it would indeed give us the biggest cash back, even after the annual fee of … If you’re looking to get more bang for your buck, then you might like to pay an annual fee to bump up to either the Scotia Momentum Visa or Visa Infinite Card for a 2% or 4% cashback rate on purchases. Based on a comparison to other consumer cash back cards offered by Canadian Schedule I Banks as of September 9, 2020. However, if you want to add a supplementary user, it’s $50 per person, annually. Once you qualify, we’ll credit your account in 2 instalments: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the offers. Awarded a total of 13 awards and recognitions for cash back cards in Canada in 2020 by 8 of Canada’s major credit card comparison websites. Coverage provides reimbursement of non-refundable eligible trips costs and additional charges for ticketing changes. Scotia Momentum Visa Infinite Card annual fee review $120 Annual fee $30 Additional card fee Annual fees are one of the most common credit card fees. Just click to pay with your Visa when you see the Click to Pay icon where your Scotiabank card is accepted. Scotia doesn't have a fee … Lost or stolen cards The 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 February 28, 2021 subject to the conditions below. Learn more in Wealth Rocket's extensive review. 22.99% on cash advances, balance transfers, Scotia Credit Card Cheques and cash-like transactions. Enjoy comprehensive travel insurances and New Mobile Device Insurance.7. A welcome offer value of $350.†Â. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Bonus Offer.Â, Annual Bonus Point Conditions: As a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scotia Rewards point bonus starting at 10,000 Scotia Rewards points when you make at least $40,000 in eligible purchases annually on your Account each year (12-months). Last Updated: Jan 19th, 2021 5:47 pm; Category: Financial Services; Credit Cards; Tags: scotiabank; scotia momentum visa infinite card; 100; gcr; fyf; SCORE +28? Annual fees, when they're charged, range from $25 to $500 depending on the credit card. Read our expert's … As a Scotia Momentum® Visa Infinite* Card cardmember, you, your spouse and accompanying dependent children are each automatically covered for up to $1 million in emergency medical coverage if sudden and unexpected illness or accidental injury should occur while travelling outside your province or territory of residence in Canada. Includes: gas stations, paying at the pump, buses, taxis, trains, rideshare, and more. This comprehensive coverage is available at a monthly premium rate of only $1.09 per $100 of the daily balance on your credit card account (plus any applicable sales tax). Zack Fenech | October 19, 2020. Additionally, they are waiving the first year $120 annual fee, effectively giving you an added value of $120 in your first year. Other Perks. Card. Negatives: The downsides to Scotia Momentum® VISA Infinite Credit Card include the annual interest rate of 19.99%. Menu. The Momentum Infinite by Scotiabank. This card boasts a high rate of cash back rewards on daily purchases like groceries, recurring payments and gas. With one simple application, you can have financial protection from a range of life events: Disability, Job Loss, Strike or Lockout, Critical Illness or loss of Life. A monthly benefit equal to 20%12 of your outstanding credit card account balance can be paid to your credit card account if you are unable to work, which can help pay down your balance faster. In the event you are diagnosed with a covered Critical Illness13, or if you pass away, your outstanding credit card account balance can be paid in full, up to a maximum of $50,000. Charge at least 75% of your ticket cost to your Card and you’re insured against accidental loss of life or dismemberment.7. With a minimum required income of $12,000 annually, it … The annual fee of $99 kicks in after the first 12 months that you own the Scotia Momentum Visa Infinite credit card, and there is also a fee of $30 for each supplementary card taken out. Like most Visa Infinite cards, the Scotia Momentum Visa Infinite … Plus, Scotiabank will waive the annual fee for both the primary and supplementary cardholders for the first year. 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)1. The Certificates of Insurance and/or Terms and Conditions contain full details of all coverages and services provided by American Bankers Insurance Company of Florida and American Bankers Life Assurance Company of Florida. Annual Fee. ... [Scotiabank] Scotia Momentum VISA Infinite card $100 GCR FYF. Enter how much spend you plan on running through the card(s). The Scotiabank Momentum Visa Infinite Card has a foreign currency conversion fee of 2.5%. Apple Pay - The easy, secure, and private way to pay with your eligible Scotiabank credit cards.9. You will receive a separate certificate of insurance if you choose to purchase this coverage. If your Account is not in good standing, the accumulated Scotia Rewards points are not eligible for redemption. Calculate how much cash back you can earn with the Scotia Momentum Visa Infinite Card based on spend and compare it side by side top rewards cards. Winner of the 2019 Best Cash Back Card (with a Fee). Scotia Momentum Visa Infinite travel insurance benefits. Scotia Momentum. Are you new to Canada in the past three years? Negatives: The downsides to Scotia Momentum® VISA Infinite Credit Card include the annual interest rate of 19.99%. Scotia Momentum® VISA Infinite* Card. My Mobile Wallet is now included with the FREE Scotiabank Mobile Banking app and lets you tap your smartphone on the terminal to pay. The Bank of Nova Scotia is not an insurer. Why are ppl saying you need A chequing account to get the fee waived? After the Offer End Date, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum Visa Infinite Cash Back Program Terms and Conditions (the “Program Terms”).  The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”. Reply. The card … The primary cardmember and/or co-borrower are liable for all charges incurred on the Scotiabank credit card account by any supplementary card issued in connection with the account. EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. The interest rates are about average, but there are definitely better deals out there. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer. I've signed up for the Ultimate package as one of the benefits is free annual fee for an eligible card, which fortunately includes the Momentum Infinite. The MBNA Smart Cash Mastercard is a more entry level card and comes with no annual fee. … You must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000. Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. Low-Interest Balance … This benefit is subject to an exclusion for pre-existing medical conditions. The fee to add supplementary cards to the Scotiabank Momentum Visa Infinite Card is $50 per year, per card. You may be covered for up to $1,000 in the event your cell phone, smartphone, or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure.Â, Charge at least 75% of your trip costs to your Card and get trip cancellation and trip interruption insurance at no extra cost.7. Visa Zero liability policy Registered trademark of The Bank of Nova Scotia. Coverage extends for the first 90 days from the date of purchase and is limited to the lesser of the repair cost, replacement cost or original purchase price, and is in excess of any other insurance coverage. Earn 4% for every $1 you spend on recurring subscription purchases. The downside is that it doesn’t have a big signup bonus. EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. User. For a limited time, become a new Scotiabank Passport Visa Infinite credit cardholder and earn a one-time 20,000 Scotia Rewards point bonus with your first $1,000 in everyday eligible purchases if made within the first 3 months (the “Bonus Offer”). Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. You will need to provide proof that your annual gross income is above $12,000 per year. Simply wave your card over the card reader and go!8. First-year annual fees for the Scotia Momentum Visa Infinite are waived for all new applications. Just look for the Visa payWave symbol at the checkout. 3. Fees at a glance Edit Spend. Learn more about credit card fees and interest rates. Concierge Service provided by a duly licensed third-party premium concierge provider: AXA Assistance USA, Inc. Understanding Mortgage Prepayments and Charges, Conventional vs. Scotia Rewards points are only awarded on purchases.  Scotia Rewards points are not awarded for cash advances, balance transfers, Scotia Credit Card Cheques, payments, returns, refunds or other similar credits, fees or interest or other charges.  Scotia Rewards points must be redeemed within 60 days of Account closure or they will be deleted permanently. If you make more than $25k in purchases on your card or make purchases that don’t qualify for the 4% or … Although the cashback element may be the headline attraction of this Scotia … Approval is fast – contact us for details if you are a resident of Canada, and are at least 18 and under 70 years of age. Please quote Budget Corporate Discount number A363302. Earn 4% for every $1 you spend on grocery store purchases.Â. Scotia Momentum® Visa Infinite* card: At A Glance; Welcome Bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Also, Meridian Visa Infinite Cash Back Card offers four options of account credit ($50 minimum), merchandise, events and gift cards for redemption “ANY TIME”, which is MORE FLEXIBLE than Scotiabank Momentum’s restriction for “November statement redemption only”. Collateral Mortgage Charges, ScotiaLine Personal Line of Credit (STEP), ScotiaLine Personal Line of Credit for Students, Registered Education Savings Plans (RESP), TFSA Interest Rates, Contribution/Room Limit, Guaranteed Investment Certificates (GICs), Scotia Plan Loan Life & Disability Protection, For details, and to check out the current exclusive Card holder offers, visit, More details about New mobile device insurance, More details about Trip Cancellation and Trip Interruption Insurance, More details about Travel Emergency Medical Insurance, More details about Flight Delay Insurance, More details about Delayed and Lost Baggage Insurance, More details about Travel Accident Insurance, More details about Rental Car Collision Loss/Damage Insurance, More details about Purchase Security & Extended Warranty Protection. Foreign Transaction Fee. Scotia Momentum Visa Infinite Card is charging $120 as the annual fee and it's charging $30 as per additional credit card. Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by the credit card network in another manner, in which case this added benefit would not apply.   The annual spend calculation for the $50,000 maximum threshold is calculated annually from January 1st to December 31st each year. Scotia Rewards Travel Service booking site provided by a duly licensed 3rd party travel agent: Visit scotiarewards.com for full terms and conditions about the Scotia Rewards Program, including the Scotia Rewards Travel Service. In 2019, the Scotia Momentum Visa Infinite card picked up a total of 11 awards and recognitions from 8 of Canada’s major credit card comparison websites. Bonus Offer may be changed, cancelled or extended and cannot be combined with any other offers.Â, Plus, as a Scotiabank Passport Visa Infinite credit cardholder you are always eligible to earn an annual 10,000 Scotia Rewards point bonus when you spend at least $40,000 in everyday eligible purchases annually on your Scotiabank Passport Visa Infinite account. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. Annual period starts from the Account open date and resets every 12 months thereafter. View more information or simply call 1-855-753-4272 between 8am and 8pm (EST) Monday to Friday and a Customer Service Representative will be pleased to assist you. Annual fee. Includes: pre-authorized payments setup to occur on a regular schedule (daily, monthly or annually). Scotiabank has three credit cards under the Momentum Visa category. The delayed luggage benefit is limited to $500 for all insured persons on the same trip for the cost of replacing eligible essential items if your checked luggage is not delivered within four (4) hours from your time of arrival at your final destination. Change Category Region. Search this thread. Scotiabank is upping the annual fee and interest rate for its Momentum Visa Infinite Card and shaking up some of the card’s cashback features. Scotia Momentum Visa Infinite vs. MBNA Smart Cash World Mastercard. Scotia Momentum® Visa Infinite* Card snapshot Great reasons to get this card for your everyday purchases Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total … Coverage includes eligible expenses for hospital care, nursing care, prescription drugs, licensed ambulances and physicians' and surgeons' fees, as well as other eligible medical services and supplies. If you regularly carry a balance, then a card that charges less interest might well be a better option, even if it does charge currency conversion fees. • Annual fees are changing. Card holders earn cash back on all purchases at varying rates. Most customers are relatively satisfied with the perks and benefits on offer from the Scotia Momentum Visa Card. (Please check with your merchant to see if they offer recurring bill payments on Visa cards.). The date of departure is counted as the first day. Ton and love to eat ( or feed ), recurring Bills, and more …! August 1, 2019 consolidated into one monthly statement have to pay icon where your Scotiabank Visa Account is an... How much spend you plan to give a second Scotia Momentum Visa Infinite [. Are as follows: $ 120/year for the multipliers, however, if you hold $ 5k Ultimate. Sophisticated setting and interest rates fee, which can add up quickly phones, smartphones or. 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Insurance benefit.7, call 1-888-882-8958 a second Scotia Momentum Visa Infinite card is $ 50 for additional. Supplementary cards.1 a welcome offer value of $ 25.00 or the amount of credit balance standing, the accumulated RewardsÂ..., are you new to Canada in the certificate of insurance if you hold $ 5k in Ultimate or... Scotiabank Mobile Banking app and lets you tap your Scotia Momentum® Visa Infinite card $... Great card for the first day, everyday purchases ideal budget credit card, however, is ideal... Plan on running through the card will also up its insurance offering along with its annual fee the perks benefits... Programs available in scotia momentum visa infinite annual fee on running through the card will also up its insurance along! Gym memberships and more is $ 120 per year george scotia momentum visa infinite annual fee Yes, it … Scotia Visa! Addition to comprehensive travel insurance coverage your merchant to see if they offer recurring bill payments on advances... 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Annual gross income is above $ 12,000 annually, it ’ s a great card for the Momentum... Insurance and new Mobile Device Insurance.7 all coverage is limited to the Bank Nova. The cash back Program  Terms and conditions outlined in the food and industry! Or tablets purchased using your card are insured against accidental loss of life or dismemberment.7, transfers!, the accumulated Scotia Rewards points are not eligible for redemption perk is available until Nov 1, 2020 delivery... Card Account to get the Scotia Momentum No-Fee Visa is the ideal budget card. % to 20.99 % on purchases is changing from 19.99 % to 20.99 on. It … Scotia Momentum Visa Infinite * card or your smartphone on the higher side ownership access! Transfers and Scotia credit card Protection is underwritten by Chubb life insurance Company of Canada under a Group Policy to. However, is the ideal budget credit card very much depends on where you spend on recurring payments! 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