Scotia Momentum Visa Infinite Card
The best cash back card for heavy grocery spenders and those with bills to pay. If you’ve got a big family to feed, this could be the card for you.
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Emergency Medical Term||15 days|
|Lost or Stolen Baggage||$500|
|Rental Car Theft & Damage||Yes|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
If you drive a taxi or have a large troop at home to feed, then the Scotia Momentum Visa Infinite is without a doubt the one card you need in your wallet. The 4% cash earned on recurring bills and grocery spending is unmatched by any competitor.
For example, if you were to spend $2,000 per month on just recurring bills and groceries, that's $960 in cash right there. With other cards you'd only get $480 on that same spending. The downside is that on most other purchases you'll only be earning 1%.
But that's not all – for the first 3 months, you'll earn 10% cash back on the first $2,000 in purchases charged to the card. And to top it all off, the first year is free.
The truth is that the flat 2% and lower annual fees of other top cards will often net you more cash annually. If you're not sure about your situation, use our cash back comparison tool to enter your own spending patterns and see which card pays you the most.
The other thing to keep in mind with this card is that you only get paid once a year as a statement credit. That can be a good thing for some people because it is like a forced savings plan that you can use for a bigger purchase once a year. For others, it may be an inconvenience.
You'll also want to watch out for the extra $50 fee Scotiabank charges to get secondary cards. It would be nice if they threw at least one extra card in for free.
On the plus side, it does offer complimentary concierge service along with Visa Infinite experiences so you can get VIP access to special events, concerts, and restaurant soirees.
If a flat rate cash back card is more your style, then the