Scotia Momentum Visa Infinite Card
C$120 annual fee · 1% on everything else · 2.5% foreign transaction fee
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Groceries | 4% | on the first C$25,000/year |
| Recurring | 4% | on the first C$25,000/year |
| Gas | 2% | on the first C$25,000/year |
| Transit | 2% | on the first C$25,000/year |
| EV charging | 2% | on the first C$25,000/year |
| Rideshare | 2% | on the first C$25,000/year |
| Everything else | 1% | uncapped |
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Signup bonus: C$300 back after C$2,000 in 3 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero. 15% cash back on the first $2,000 spent in 3 months ($300 max) for accounts opened 2026-07-02 through 2026-11-01 Limited-time offer; ends 2026-11-01.
Non-cash perks
- First year fee waived on current offer
- New Mobile Device Insurance
- Strong travel insurance
Does the fee earn out? · how we got this
The C$120 fee minus C$0 in printed credits leaves C$120/yr to earn back through rewards — roughly C$3,000 of groceries spending at 4%. Whether that clears depends on your actual spending.
Who this card is not for
Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. two things on this card rule out a kind of spender:
- Anyone who spends abroad. Every purchase in a foreign currency carries a 2.5% foreign transaction fee. On a card earning 1.0¢ per dollar at the base rate, that fee costs more than the rewards on the same purchase.
- A heavy groceries spender. The 4% on groceries stops after C$25,000 of it per year. Past that the same purchases earn its base 1%, so the headline rate describes the first C$25,000 only.
More from Scotiabank
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-15 against issuer terms · sources: www.scotiabank.com. Spot an error? Tell us.