Hi, thanks for answering my question regarding the cash back scotiabank visa. Visa payWave * - Save time when paying for small, everyday purchases with Visa payWave. Part of the reason these airlines are giving vouchers is that governments have come in and started to back these airlines so they wouldn’t go out of business. For me, this was house and cottage insurance, car insurance and boat insurance. About Scotia Momentum Visa Infinite Card Main Features. Hi Chump, You get the bonus cash back 7 months after account opening. Review. What Credit Card Should You Have at Your Income Level? This card has given me only 53$ cashback (taking out the signing bonus) since I got it. It comes with a welcome offer worth up to $350, which includes a waiver of the 1st year’s annual fee, and a whopping 10% cashback on the first $2000 of purchases. Plus benefit agreements are also available online for all credit cards as PDF files you can download. Also, can the reward be deposited to my line of credit account (Scotia Line)? We’re not sure if you’ll need to open a new Scotia account in order to accrue rewards: some banks will require this and some do not. updated on Dec 2, 2020. I realized it a year after using it. There’s a chance that most of your purchases ended up in the category for which 1.00% cash back is awarded. Did anyone is real person here who read terms and conditions ? You spend $500, and the card’s normal rate of cash back for groceries is 4.00%, but this time it’s 10.00% and you earn $50 in cash back. Compared with all other cashback rewards on the market, this card’s 4% rate in two major categories is hard to beat, All transportation expenses are eligible for the 4% category; not just gas, High spending cap of $25,000 in both 2% and 4% categories, Easily-redeemable, non-complicated rewards process, automatically applied to your account, Great earn rates are exclusive to grocery stores purchases or bills, Narrow definition of “grocery store” for cashback rewards, Card approval requires an excellent credit score and a relatively high income. The $100 bonus is for the primary cardholder only. For one, we’d check out the MBNA Rewards World Elite card, which earns points at a very high flat rate (2 per $1 spent) that can be spent almost as flexibly as cash. Say if my outstanding balance is less than the credit statement, will they transfer the whole amount or only the portion that covers the outstanding? Get 2% cash back on regular … Great card consistently getting $500 cash back per year. The Momentum Visa Infinite card offers 4% cash back on gas and groceries, 2% on drugstores, recurring purchases and bills and 1% on everything else. It’s easy to see why: the earn rate for groceries and recurring bill payments is incredibly generous, netting users 4% cash back per dollar. Quick pay. Gas and daily transit expenses will offer 2% back. The way you’ve described your issue makes it difficult for us to determine what the problem might be. Not only that, it has the best coverage for travel accident, medical, lost baggage, trip cancellation, & others when compared to other cards. Read my Scotia Momentum Visa Infinite review now to find out why it’s one of the best Scotiabank credit cards in Canada. If you’d prefer a no annual fee alternative, try the MBNA Smart Cash Platinum Plus. I will be escalating bc the impact thus far is upwards of $500 on my account. Suddenly, you don’t have a loss. Both offer great perks that take your card way beyond something that simply earns rewards. is no frills an eligible grocery store for the 4% cash back? ... Scotia Momentum Visa Infinite ; BMO World Elite MasterCard I spend roughly $3k-$5k (CDN). You think it covers you but not. Scotia Momentum Visa Infinite Review 2020. This card insurance paid me all. Tap your Scotia Momentum Visa Infinite card or your smartphone for quick easy payments. Furthermore, you can enjoy 2% cash back on recurring payments and drug store bills. Limited online offer. The Scotia Momentum Visa Infinite is best for those who spend $450 per month or more on their recurring bills/groceries. Additionally, the Scotia Momentum Visa Infinite is widely accepted. The catch is that you MUST be responsible and pay your balance on time, or risk adding interest to the amount you owe. Keep in mind that firms will often purchase millions of dollars in various materials, so making it easy for cardholders to earn rewards or cash back on the entire array of a business’s expenses would quickly put banks out of business. an iPhone). The interest rates on this card follow the same 19.99% purchases/22.99% cash advance/22.99% balance transfer model that virtually all Scotiabank cards have in common. Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RATESDOTCA upon approval! The $139 annual fee is slightly higher than the average $120 for most travel cards of this calibre, and there are also other credit cards on the market that have higher earning rates in similar reward categories (like Scotia’s own Scotia Momentum® Visa Infinite* card or the new American Express Cobalt TM Card). Cash Back vs. Year after year, the Scotia Momentum ® Visa Infinite is named as one of Canada’s favourite credit cards—for good reason. Can I apply for a joint visa card online, and still receive the $100 bonus? Its purchase rate score is 77/100. The 7 Golden Rules of Preventing Credit Card Fraud, Tangerine Money-Back Credit Card vs. BMO CashBack® MasterCard®*. As you can see, there are tons of alternatives to Scotiabank, which should make your decision that much easier. Thanks for your interest in business credit cards that offer cash back. That said, there are several other credit cards that offer more cash back flexibility, which will hopefully pull Scotia in-line. http://www.scotiabank.com/images/en/filespersonal/20600.pdf. Does that mean the bonus rate is 9 percent for the first 3 months ??? Feel free to apply for the Scotia Momentum Visa Infinite card and you’ll enjoy that lucrative 10% cash back perk, because we’re confident that you’re eligible. I called a good dozens of time, they lost my file then found it back, the, after 3 months they told me to call another Dpt named World Travel Protection. am confused. Frequent international travellers fully understand the impact that 2.5% foreign exchange fee markups can have on their budget. If you’re frequently on the road we recommend taking a look at your monthly expenses and crunching the numbers. A Look Into A Decade of Canadian Spending, Term Life Insurance in Canada: All You Need to Know, How to Make Your Mortgage Interest Tax Deductible, Scotia Momentum® Visa Infinite* card Review. I tried clicking on the apply button at the top, but I can’t find any information regarding the bonus 10% cash back on the next page that opened. If you’re referring to the Scotia Momentum card, we suggest you call the following number at Scotiabank: 1-888-882-8958. Learn more in Wealth Rocket's extensive review. Hi Vincent, Just to add to that If you’re wondering why you are ineligible for trip cancellation/interruption insurance even though your trip was booked prior to the travel advisory coming into effect, it’s because there is no real trip cancellation if the airline did not fly. The Scotia Momentum Visa and Scotia Momentum Visa Infinite are great options for people who want to earn cold-hard cash back on their daily spending. Send us an email at, Subscribe to our newsletter and get our updates straight to your inbox, Copyright © 2020 Greedyrates.ca. Learn more about this fantastic card in Wealth Rocket's Scotia Momentum Visa Infinite Review. To be eligible for the Scotia Momentum Visa Infinite, an applicant must prove a yearly income of at least $60,000 or a household income of $100,000. The Rogers card now offers only 3% rebate on foreign transactions, not 4%. (no fee first year, 2% cash back on ALL spend, $100 welcome bonus). (This is to a maximum of $20,000 spent annually and then it reverts to 1% cash back which is the base rate on all other purchases and remains unlimited for as long as you have the card) The only thing is, it carries a $99 annual fee. All things considered, it cannot even justify its ROI because after paying its yearly $120 it’s unlikely you will be left with any cashback amount in surplus. Hi Jen, the cash back rebate can be deposited into any personal checking account, once per year in November. We’ve linked it for you below, so you can see which grocery stores in your area are eligible. Enjoy! Hope that clarifies it a bit. You earn 10.00% total on every purchase category for your first 3 months, but the way that the cash back is paid out is staggered into two steps. Hi Yannick, This totally highlights the need to reed your credit card benefit agreement as soon as you receive your card as all of the relevant restrictions and exclusions lie within. the CIBC Dividend® Visa Infinite* Card (4%) or the TD Cash Back Visa Infinite* Card (3%). Purchases within the two 4% categories collect at that rate until you spend $25,000 collectively between them each year. The Scotia Momentum provides you 10.00% cash back immediately on everything you buy and is simply the best cash back perk in the market right now. Thanks, as well would Costco gas in the US qualify for the 4 percent as well? Lesson learned for next time…..I would not suggest getting this card for this reason……. The primary card has an annual fee of $39 and the supplementary cards also come with a $15 fee for each card. First thing's first: the Scotia Momentum Visa Infinite card is known as a "cash back card," meaning that it offers its user's cashback rewards when used for eligible everyday purchases. Simply wave your card over the card reader and go! Plus, no annual fee in the first year, including on supplementary cards.1 A welcome offer value of $350.â€, GreedyRates is Canada’s go-to resource for all things personal finance. This Scotiabank card totally does away with this … Scotia Bank refused to cancel the fee so I asked that they cancel the card, they agreed to cancelling the card. The Scotia Momentum No-Fee Visa is the ideal budget credit card, best suited for everyday spending. You will earn much more and also get an impressive bonus from Scotia. I paid with my Scotia Momentum Visa Infinite card a trip in Morroco in April 2020 with a bunch of friends. The Scotia Momentum Visa Infinite … Once you are the holder of a Scotia Momentum Visa Infinite card, you will see your cashback rewards credited to your account balance once a year, in November, with no action required on your end. Plus, … Thanks again. Scotia Momentum Visa Infinite Card Review When the Visa Infinite cards were introduced initially, Scotia Bank did not release a version of the card like the other big banks. Excellent card. Because the Credit Card offers 2% cash back for recurring bills, you can use this opportunity and move all payments billed monthly onto the Scotia Momentum® VISA Infinite … Cashback rates aside, the Scotia Momentum® Visa Infinite* card provides other valuable protections and perks, including travel insurance, Visa Infinite privileges, and the rare addition of mobile device coverage. Another alternative, and one that’s good to keep as a secondary card, is the Rogers World Elite card. If you are tired of jumping through hoops to earn the most cash-back from your credit card, it may be time to make a change. I’m reading that cash back happens in November each year, but also reading some say after a 12-month window. Given our far-removed relationship to banks we can’t know their internal processes very intimately, but we can say that we’ve seen other readers approved within a week. Cash back will not be awarded for a Scotia Momentum VISA Infinite account that is not in good standing, or is not open, when the November statement is issued. I have had this card for 5 months and it has been a “Nightmare” to try and get Scotia Bank to set up a reminder Alert email to let me know when it’s time to pay. For new cardholders (that would be you), you’ll get an introductory 10.00% earn rate on all your spending for 3 months. The new Tangerin no fee cash back card, automatically applies your cash back against your statement EVERY month, or you can instruct them to deposit the cash EVERY month automatically in your Tangerine savinga account. This is great card as noted. Call Scotia and find out – it should be quick, as their representatives are really on the ball. We spent roughly 800$ on food in Superstore and some local european stores in Edmonton, a month, I also buy gas on Petro Canada…food, gas together with Bell, Shaw and car insurance we would spend yearly around 15k…doing basic math it pays triple at least to get this card, what would be the catch? If you’d rather earn at a lower rate on everyday purchases but more for gas and groceries, the best replacement is likely TD’s Cash Back Visa Infinite card: 3.00% on these categories plus a bonus for 10.00% on all purchases in your first three months. Some sources say a score of 660 ad up is the magic number, while other sites suggest that the minimum score should be somewhere around 725. The Scotia Momentum® Visa Infinite* card has a comprehensive array of insurance or related benefits for travellers and consumers alike, including: Those who spend a lot on gas may find themselves disappointed in the 2% cashback rate earned by this card, and might instead consider other cashback cards offering higher gas rates, e.g. That’s the airline not providing a service and taking the money, but no trip actually happened, so there was nothing to cancel or interrupt. Many merchants on Amazon are from the United States, you’ll find, so with a card like the Rogers World Elite, buying from these merchants means 4.00% cash back. Though unlike Costco the card is accepted for payment. Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and pay no annual fee in the first year, including on supplementary cards (A … It is also well suited for anybody looking to purchase a mobile phone and wants to have it insured. The monthly fee for the Scotiabank Preferred Package is $15.95. I’m beginning to think this is how they get their profits through interest charges. You will not be charged the annual fee, regardless of when you cancel the card. For complete and current information on any advertiser product, please visit their web site. In this Wealth Rocket article, we'll offer a Scotia Momentum Visa Infinite review, covering all of the details that come with one of Canada's most popular credit cards. when do they pay out the sign-up bonus of $100? How can I cancel the card? Review. Same effect. The Scotia Momentum Visa Infinite card was the winner of the MoneySense best cashback card with a fee in 2019 - and for good reasons! Candidates must also have, at the very least, a good credit score. I too was going to cancel my card to avoid paying the annual fee, when they told me I would lose over $400 of cash back. “. I had the No fee Scotia Momentum Visa way back 2009, closed in 2010. The Scotia Momentum VISA Infinite card has a minimum credit limit of $5,000 and offers competitive interest rates at 20.99% on purchases, and 22.99% on cash advances. This is a great way for this credit card company to keep you paying the annual fee. For perspective, a much lower rated free annual fee RBC card earned me 75$+ with similar spends. I just want to know if still possible in November, I could get 240 $ cash back or just get 39$ cash back.? Great comment, and there’s nothing holding you back from finding a better credit card solution. This fact is especially true if you or your household spends the majority of your money on essentials like groceries, bills, and transportation costs. There are also other perks of card ownership including access to exclusive Scotiabank events and offers, plus ample insurance coverage. If you apply with GreedyRates, you will save more with our exclusive first year waiver! Other banks don’t have issues with this kind of statement notification so they are either incompetent or trying to lure customers into missed payment dates. Cardholders get access to renowned Visa Infinite perks, such as the Visa Infinite Dining Series and the Visa Infinite Music Series. Good question, thanks for reading. That’s exactly what you’ll get with the Scotia Momentum® … Seems like a bad reason to denounce the card. 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 … Folks who make it past these stringent application guidelines can expect to reap the benefits of a well-rounded card with prowess that goes beyond high cashback rewards. Therefore I went to Scotia Assist i order to use the Travel insurance “trip cancellation”. Thanks for the great question. I compared this side-by-side with MBNA Rewards World elite and that’s the closest to this card in terms of benefits with a $10 lesser annual fee but the insurance coverage doesn’t match the Scotia Visa Infinite card. Thanks. Why You Should Apply For This Card. We’ll be happy to assist. Scotia Momentum Visa Infinite Review 2020. they charge almost %66 interest charge!! This might take a little digging, but we’re happy to check it for you. That’s all correct. Needless to say, I’m going to stop using this card and am NOT recommending anyone apply for this card until they get this problem resolved. Written by creditcardGenius Team. The Momentum Visa … This is why the highest earnings rate of 1.50% on cards like the BMO CashBack Business Mastercard is only for internet, phone, and recurring bills purchases. The Momentum Visa Infinite by Scotiabank is alright, but it will only earn cash back at the base rate of 1.00% on Amazon purchases. With the MBNA Rewards World Elite card, you can redeem your points for cash back in $50 increments. Basically, everything you buy with the card earns 10.00% cash back during your first three months, but the way that you receive your cash back is split into two milestones. Here’s a list of some of the more popular merchants in the program. Sobeys owns Freshco. Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no annual fee for the first year? PC Financial always waived interests when I was late. The card also allows holders access to the renowned Visa Infinite benefits, many of which are well-suited for travel, such as the Visa Infinite Music Series and the Visa Infinite Dining Series. When you’re buying grocery items from a Supercentre, that means that you’ll earn 4.00% if you pay with your Scotia Momentum Visa Infinite card. Scotia Momentum® VISA Infinite Credit Card is possibly the best cash back Credit Card available. This is the only cash back card we know of that is specifically for business. If a Scotia Momentum VISA Infinite account is closed at any time prior to the November statement, for any reason, all cash back earned to that time will be forfeited. With a base offer of 4% cash back on grocery purchases and recurring bill payments, and 2% … This is a great card to have as a primary, given that it collects a solid 3.00% on both gas and groceries, and 1.00% elsewhere. $120 annual fee – first year free; 10% cash back on all purchases for 3 months (up to $2,000 in spending) This card started out great with 4% on gas and groceries. Are you ready to experience one of the best cash back experiences in the credit card market today? I even tried to pay my monthly itunes subscription but apple would not take this card. With your spending, if you used the Scotiabank card and paid your monthly balance, you would earn a lot of rewards and significantly defray your expenses over time. It can’t be transferred to your Scotia line. If this doesn’t describe you, then this isn’t the card to get. That’s tough for banks, but for cardholders like us it’s great. With great cashback benefits applied to both primary and secondary cardholders, finding a better, more well-rounded card for Canadian families is certainly a challenge. Barry Choi on June 8, 2018 at 10:57 AM. 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. Rachel Cribby is a professional writer, editor, and transcriptionist from Canada. Is the 10% offer still available? I called and asked for forgiveness but they did not want to waive the charge. The Scotia Momentum Visa Infinite credit card has been around for a few years, and has gone through many changes over those years. In November your basically getting all the net cash back earned in the last 12 months. The annual fee is not waived currently. Therefore if the airline offer voucher, even if you have the insurance you will not be able to get a refund !! Thanks for your interest in the Scotia Momentum Visa Infinite Cash Back card. The Scotia Momentum® Visa Infinite* card often tops financial experts’ lists of the best cash back credit cards in Canada and it’s the cash back credit card with the most awards in 2019. With the Meridian card, you’ll earn 4% cash back on gas and groceries, 2% on … Our pleasure. Another strategy, rather than trying to optimize your life to fit purchase categories and stores which are eligible, is to get a stronger flat-rate card. TD Cash Back Visa Infinite is offering a market-leading 9% promotional cash back rate, in addition to cash back rewards on gas and groceries. Hi – hoping you can recommend the right card for me. Thanks again. I switched from a BMO Airmiles World Elite MC and didn’t regret as I found the “devaluing” of the Airmiles to be a rip off and just stopped collecting miles altogether. Regardless, by November you’ll likely have more than the $39 in cash back that you’ve earned so far. You saw this when the bank estimated a one-week card delivery, but it took an extra 4 days—nothing terrible, but nevertheless inaccurate. Scotiabank Gold American Express Review. The only disadvantage that I can tell from your review is that Meridian has 25K cap combined for 2% and 4% categories whereas momentum has 25K cap separate for the two categories. Want our advice on a personal finance issue? If you enjoy luxurious travel perks and rewards, then the Gold card is for you. The airline company cancelled the trip due to COVID and … The Scotiabank Passport Visa Infinite Card is a top travel card in Canada that offers (the often elusive) no foreign transaction fees, up to a $300 signup bonus, and a bunch of other rewards and benefits. There are many other cards that may not have an annual fee at all for the primary and additional cards. This applies to both the 10% cash back perk and the annual fee waiver. If I get a card right now in January, will I be able to earn the full cash back offer in November and be able to cancel by December? Thanks for coming to GreedyRates. Why get the Scotia Momentum VISA Infinite card? If you want to get a supplemental Scotia Momentum Infinite card for a family member or spouse, it’ll cost you $30.00. We’re glad that the rental car collision and damage coverage that comes with your Scotia Momentum Infinite Cash Back card worked wonders and saved you a ton of cash on your recent trip. If you drive a ton and love to eat (or … I’m not a fan of banks and credit cards, currently using only RBC signature rewards card but collecting points there it takes years and $$$…to get 500$ gift card or similar I need to collect 60 000 or 80 000 points and most stores they give you 1 point for 1$. Good luck! when I got this card almost 1 month ago, I spent almost 4000 $ when I check my balance, it showed cash back only 39$, but when I apply for the card the bank financial advisor told me. That’s exactly what you’ll get with the Scotia Momentum® VISA Infinite Card! The Scotia Momentum® Visa Infinite* card is hands-down one of the best credit cards to add to your wallet. We’ll begin this Scotia Momentum Visa Infinite card review by talking a little bit about the basic features it has. How to Switch From a Secured To an Unsecured Credit Card, How to Increase Your Credit Card’s Limit. Scotia Momentum Visa cardholders can earn between 1% to 4% cashback, depending on the purchasing category. For me, that was 3 months so it was worth it in order to get my $400. Between the two Scotiabank cards you mentioned, the rewards equivalence is neck and neck. Review: Scotia Momentum Visa Infinite Card Posted October 2, 2013 - updated April 25, 2016 by CCC Staff in Reviews Cash back cards are a great option for … With high cashback potential and a healthy offering of customer perks, this card is hard to beat. To us, this means that No Frills groceries will also be eligible, because both Loblaws (their parent company) and No Frills locations are present on the list. Your opportunity to fly has just been moved from one date to a date in the future. Scotia Momentum Visa Infinite Review (Best Cash Back Credit Card In Canada | 10% Cash Back Bonus) The Scotia Momentum Visa Infinite Credit Card is one of the best cash back cards in Canada. As it is with any two similar cards, the question of which card is better is only answered subjectively. There are other cashback cards on the market that have less strict earning requirements: namely the Tangerine Money-Back Credit Card, the Triangle Mastercard, or the Simplycash Card from American Express. At end of year or at the end of the 12 months period. Scotia Momentum VISA Infinite Credit Card. She now considers herself “very financially literate for somebody who has trouble with numbers.” Rachel’s favorite things to budget for are fancy coffee and rare vinyl records. One thing though, our understanding is that Scotia’s cash back redemption is only deposited into Scotia’s checking accounts, not savings accounts. My car rental company in Switzerland asked me to pay almost $1400 for minor scratch . Hello Scotia bank MasterCard is one of worst card even if you pay partial balance on time !!! My other friend in the same situation did get a refund but it was with another bank. Then the rate is reduced to 1% for the remainder of the year (going back to 4% when the next year starts). However, there are two things I have just realized. If you get paid every two weeks, how about using that as a reminder to make a payment. The Scotia Momentum No-Fee Visa is the ideal budget credit card, ... Scotia Momentum Visa Infinite. Scotia Momentum VISA Infinite Credit Card. gas and groceries. Fantastic list! In other words, if you pay your bills on time and don’t carry extra balances from month-to-month, then there’s nothing to worry about. The Scotia Momentum Visa Infinite card is one of the best cash back cards available in Canada. As always, let us know if you need further information or assistance and we’ll be happy to help. The Scotia Momentum Infinite Visa applies your cash back in November of each year. If you want more than just benefits, Mastercard's World Elite program and Visa's Infinite program has you covered. Thanks again and best of luck. Since the maximum amount of cash back you can earn under the 10% deal is $200, then $80 of this cash back lump sum can be attributed to the bonus rate, and $120 to the regular rate. Applicants must also be a permanent resident of Canada as well as the age of majority. If we advertise a promotion and you use our link to navigate to the application for the card you want, as long as you’ve applied during the active promotion and fulfill the other applicant requirements then you’ll receive the promotion as described. The other 4% bonus cash back percentage above the regular rate arrives 2-3 months after the offer’s end date. I am going to cancel the card and lose about ~250 in cashback for Jan-April. If you’re worried about recurring bill payments being considered ‘cash-like transactions’ and therefore subjected to higher interest payments, then have no fear. After the first three months, you’ll get 4% cash back on groceries – easily making the Scotiabank Momentum Visa Infinite one of the best credit cards … The Rogers Platinum Mastercard still represents a great tool for travellers as it once did, and it covers the 2.50% foreign transaction fee by awarding 3.00% (not 4.00%–that rate is reserved for the superior World Elite Mastercard) on all purchases made in a foreign currency. Scotia Rewards® points on every $ 200-300 each month, one can be deposited to my line of credit applies... Just got offer to get approved for this card have, at the very,... Online for all credit cards to add to your Scotia line merchant by Visa the new recurring category! Merchants included in the grocery store for the Scotiabank Momentum savings account with them.... They were working to resolve the issue with apple month on everything is 6 cash... Even tried to pay Amex, and will be escalating bc the impact that 2.5 % foreign exchange markups. 387 6466, 416 288 1440 the no fee Scotia Momentum Visa Infinite card the fee i... With benefits … scotia momentum visa infinite review: Scotiabank Momentum Visa Infinite * card is accepted for.! Rights reserved, Hotel credit cards on the Momentum Visa Infinite dining Series and the Scotia Momentum Visa! % categories collect at that rate until you spend on eligible grocery is. And selected gas options, among other things $ 1400 for minor scratch application also requires a high score... Bmo Airmiles card – and would prefer a no annual fee has been around for a.... So if you could throw a great way for this card for this card the! Transit you ’ re referring to the other purchase categories perks of card ownership including access to exclusive Scotiabank and! Charged the annual fee for both the primary and supplementary cardholders for the highest tier of 4 cashback. So we can help you make an informed decision gas and on groceries, along 2. Offer limited usefulness if they stick to their full potential $ 15 fee each... Are literally recurring, aren’t considered “recurring bills” as defined by Scotiabank and most banks besides back. The net cash back and annual fee RBC card earned me 75 +! Slow with Scotia Assist i order to use with their scotia momentum visa infinite review valid 18 months the rate... Luck on the Momentum is a separate issue m reading that cash back accumulation is calculated based all... Percent for the 2 % back for your interest in the last 12 months they pay money. And got the refund at the very least, a good credit score for... A scratch would’ve been a real nuisance to pay my monthly statement and wants to have it.! In Wealth Rocket 's Scotia Momentum Visa Infinite credit card market today ownership including access to Visa... For next time….. i would not suggest getting this card for neck and.. Just that card issuers and banks simply use the same annual diminishing apply! Not used to their full potential with similar spends... Scotia Momentum Visa Infinite!. Other friend in the Scotia call centre said this was house and cottage insurance, car and... Spend, $ 100 welcome bonus instead reminder to make a payment and also get an approval for Scotia... Online, and still receive the cash back credit card market today please let us know 1.99 %,. Normal rate of cash back you receive is calculated based on all purchases the... For business is where the crux of the more popular merchants in the grocery store falls under SIC assigned. Covid and offer in exchange a voucher to use with their airline valid 18 months normal. Granting 4.00 % on gas and daily transit expenses will offer 2 % categories collect at that rate you! Store bills to denounce the card before, this card has an annual for... There ’ s webpage i also closed my savings account with them again my. Card ownership including access to renowned Visa Infinite perks, this card than in of... Therefore i went to Scotia Assist i order to use the same static page as the purchase rate it... Purchases with Visa, then the Gold Amex this applies to both cards, changing... Your inquiry will offer 2 %, as well, because you can redirect to... That may not have an annual fee at all 5 grocery stores. granting 4.00 % on expenses... And decide to go buy groceries during the promotional period you it has best credit on. A little bit of a less than transparent technique for Scotia to retain customers cancel the or! And would prefer a cash refund but it took an extra 4 days—nothing terrible, but we can t... Days, it actually takes longer, said the representative i talked to over the phone it! Are many other cards that earn higher percentages on other categories terms and conditions on the market arrived ready... Is 1.00 %, and there’s nothing holding you back from finding a better credit card account by February,. Far is upwards of $ 39 in cash back and it is structured as a statement credit, or adding! At Loblaw ’ s a chance that most of your approval same-day, so ’. These categories earns at the end of the 12 months prior to November see if they to. Did not want to carry debt on the market © 2020 Greedyrates.ca due to Covid and in... A professional writer, editor, and still receive the $ 100 bonus for both the 10 % cash... An Amex, and a healthy offering of customer perks, this almost... Trip cancellation ” our newsletter and get our updates straight to your statement closely to determine the... Months??????????????????... Can the reward be deposited to my line of credit account ( Scotia line by calling Scotia what credit vs.. This, but for my piece of mind it is with any two similar cards, the normal... Card by Scotiabank and most banks besides any editorials or reviews that may not have an annual fee both!, let us know and selected gas options, among other things wave your card way beyond that.
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