New cardmembers can earn earn 15% cash back on all purchases (first 3 months, up to $2,000) + first-year annual fee waived by completing the steps below.
How to earn it
15% cash backSpend up to $2,000 in eligible purchases within first 3 months
Annual fee waivedApplied automatically in first year for eligible new accounts
Available to new Scotia Momentum Visa Infinite + cardholders who open an account between May 1, 2026 and November 1, 2026. Existing or recent Scotiabank credit card holders (within 2 years) are not eligible.
Offer ends 2026-11-01.
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
Built-in perks & coverage
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.
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
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money.
