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The Scotia Momentum Visa Infinite Card is offering a significant 10% cash back on total purchases for the 3 first months and an annual fee waiver!
Scotia Momentum Visa Infinite Card offer rules
The Scotia Momentum Visa Infinite Card has a few conditions in order to qualify for the offer:
- You have to be a new customer with Scotia Momentum Visa Infinite credit card.
- You have to open Scotia Momentum Visa Infinite credit card account before February 28, 2021.
- You have to use the card to make purchases of $2,000 on eligible everyday spend such as groceries and recurring bills payments in order to earn 10% cash back.
- You have 3 months from account opening to reach the $2,000 spend requirement.
The annual fee of $120 is waived on the frst year as well.
How are the bonus and regular cash back credited?
The bonus cash back earned under the 10% cash back offer will be posted in your account up to 7 months after the account open date.
However, the regular cash back earned will be posted only in November. That’s a bit of an inconvenience, but is compensated by the generous 10% welcome offer.
The Scotia Momentum Visa Infinite Card wil reward you according to the categories it has set up:
4% on groceries & recurring bills
2% on gas & transit (Uber, transit pass)
1% on other eligible purchases
Note that 4% is the highest cash back bonus on groceries & bills in Canada. It also compliments the Scotiabank Passport which has no FX charges and free airport lounge access. Lounge membership is with Priority Pass.
You can save a few hundreds of dollars on your grocery bills in 2021. With no fee and 10% cashback on the first $2,000 this is an interesting option to add to your credit card roster.