The ClearFin bottom line
💵 Cashback King
Its strongest published earn rate in our data is 4.0% on groceries. The $120 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Official issuer catalogueIndependent ClearFin review · Scotiabank · Visa
Scotia Momentum Visa Infinite
Start with 15% cash back for 3 months on up to $2,000 in eligible purchases, plus first-year fee rebate.
Independent comparisonFees includedCanadian card data
- Annual fee
- $120
- Reward type
- Cash Back
- Welcome offer
- 2,000 pts
- Insurance
- Not listed
First year free
Current new-cardmember offer
Confirm with the issuer
$100cash rebate*
💵 Cashback King
💵 Cashback King
Welcome bonus
15% cash back for 3 months on up to $2,000 in eligible purchases, plus first-year fee rebate
New cardmembers can earn 15% cash back for 3 months on up to $2,000 in eligible purchases, plus first-year fee rebate by completing the steps below.
Offer details
A 0% promotional balance-transfer rate for 12 months with a 2% transfer fee is also advertised. Full category, cap, account and timing terms apply.
How you earn
- Earn 4% cash back on eligible groceries and recurring payments (e.g., bills and subscriptions)
- Earn 2% cash back on eligible gas, EV charging, public transit, taxis, rideshares, and food delivery
- Earn 1% cash back on all other eligible purchases
- Accelerated 2% and 4% earn rates apply up to an annual spending cap (commonly $25,000 across bonus categories, after which earn drops to 1%)
- Cash back is redeemable anytime once a minimum $25 balance is reached
- No expiry on cash back as long as the account remains open and in good standing
Costs and requirements
Fees & eligibility
Confirm final approval criteria and current rates directly with the issuer.
Annual fee$120First year free
Purchase interest20.99%
Cash advance interest22.99%
Foreign transaction fee2.5%
Income requirement$60,000Issuer approval criteria apply
Household income$100,000Alternative minimum
Recommended credit score700+ Good to Very Good Credit
The Scotia Momentum Visa Infinite + Card is a premium cashback product targeting applicants with strong credit profiles and stable income.
300Poor
560Fair
660Good
725Very Good
760Excellent
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. Scotiabank does not publish a minimum credit score requirement. Approval is based on income thresholds ($60,000 personal or $100,000 household minimum), credit history, debt-to-income ratio, and overall financial behaviour.
Reward limits: The Scotia Momentum Visa Infinite + Card applies explicit annual spending caps on accelerated earn categories. The 4% (groceries/recurring payments) and 2% (gas, transit, rideshare, EV charging, food delivery) earn rates apply only up to a combined annual spend limit of approximately $25,000 in eligible categories. After this threshold, purchases in these categories earn the base 1% rate.
annual_spend_cap4% and 2% bonus cash back categories apply up to ~$25,000 annual combined spending cap; after this, earn rate drops to 1%.
category_restrictionsAccelerated earn rates apply only to defined MCC categories (groceries, recurring bills, gas, transit, rideshare, EV charging, food delivery). Non-eligible merchants default to 1% cash back.
promotion_separationWelcome bonus cash back is separate from ongoing earn caps and does not affect annual earning limits.
Using your rewards
Redemption options
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Beyond the points
Benefits that come with the card
Consider these extras by the value they add to purchases and experiences you already use.
Cash Back Welcome Offer
Earn 15% cash back on up to $2,000 in purchases in the first 3 months, plus first-year annual fee waiver.
Shell Fuel Savings
Get up to 7¢ per litre in combined value (discount + rewards) at participating Shell stations when linked with Scene+.
Comprehensive Travel Insurance
Includes emergency medical, trip cancellation/interruption, flight delay, baggage delay, and travel accident insurance.
Mobile Device Insurance
Up to $1,000 coverage for lost, stolen, or damaged smartphones and tablets when purchased or billed to the card.
Visa Infinite Privileges
Access to concierge services, dining experiences, hotel upgrades, and exclusive Visa Infinite offers and events.
Car Rental Discounts
Save up to 25% on Avis and Budget rentals in Canada and the U.S. when paying with the card.
Scotia SelectPay Installments
Convert eligible purchases into fixed monthly payments with low interest and no setup fee.
Purchase Protection & Extended Warranty
Coverage for theft, damage, and extended warranty protection on eligible purchases.
Protection included
Insurance at a glance
No included coverage is verified in ClearFin's current catalogue.
Insurance is not currently listed for this product.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗The verdict
What we like
- High cashback rates for everyday spending: 4% on groceries and recurring bills, 2% on gas, transit, rideshare, EV charging, and food delivery
- Strong premium benefits for a cashback card including travel insurance, mobile device insurance, and Visa Infinite privileges
- First-year annual fee waiver with promotional offers plus substantial welcome cash back (15% intro rate)
Worth noting
- Annual spend cap (~$25,000) on accelerated 4% and 2% categories limits value for high spenders
- 2.5% foreign transaction fee reduces competitiveness for international travel and online USD spending
- High income requirement ($60K personal or $100K household) restricts accessibility compared to standard cashback cards
ClearFin analysis
Our detailed review
A practical reading of where the card earns, what the fee buys, and which limits matter.
💵 Cashback King
4% cashback on groceries & recurring bills. 2% on gas, transit & food delivery. 1% on everything else.
How the rewards work
Groceries receive the strongest estimated return at 4.0%. Purchases outside the accelerated categories earn an estimated 1.0%.
What the annual cost means
Using the strongest estimated category return alone, roughly $3,000 in annual spending at that rate would equal the $120 fee before considering the value of insurance, partner benefits, or a welcome offer.
Who it may suit
This card is most relevant for someone who spends consistently on groceries and gas and can use enough of the included value to justify the yearly cost.
What to examine before applying
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
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Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.