Scotiabank Momentum Visa Infinite
Visa cash back card with a $120 annual fee, waived in the first year. Earns 4% on groceries and recurring payments like bills and subscriptions, 2% on gas, EV charging and daily transit, 1% on everything else.
Terms read from Scotiabank's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- $120, waived in year 1
- Foreign transaction fee
- Not stated
- Purchase APR
- 20.99%
- Intro APR on balance transfers
- 12 months
Rewards
- 4% on groceries and recurring payments like bills and subscriptions
- 2% on gas, EV charging and daily transit
- 1% on everything else
Earns cash back.
Not confirmed
- Annual caps on the 4% and 2% categories aren't on the card page.
- The balance transfer fee isn't stated directly, so the transfer intro isn't valued.
- Foreign transaction fee isn't on the card page.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | $577 | $157 | $892 | Month 1 |
| Family | $1,184 | $764 | $2,713 | Month 1 |
| Frequent traveller | $1,104 | $684 | $2,472 | Month 1 |
Frequently asked questions
Is the Scotiabank Momentum Visa Infinite worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $1,184 in year 1 and $764 a year after that, after a $120 annual fee, waived in the first year. It pays for its fee by month 1.
What is the Scotiabank Momentum Visa Infinite welcome bonus?
15% back on up to $2,000 in purchases in the first 3 months.
Does the Scotiabank Momentum Visa Infinite charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
What isn't counted in its value?
2% on food delivery isn't split out from dining.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.