How to Apply for your Credit Card: Scotia Momentum Visa Infinite
The Scotia Momentum Visa Infinite is a prestigious credit card offering from Scotiabank, one of Canada’s leading financial institutions. This credit card is specifically designed to cater to the financial needs and lifestyle preferences of Canadians seeking premium rewards, cash back benefits, and enhanced financial services. Renowned for its exceptional cash back program.
- Financial Planning: Scotiabank offers 1-on-1 advice through Scotia Advice+ to help you plan your financial future.
- Community Support: Scotiabank is involved in community development and has initiatives aimed at shaping a better future.
- Digital Banking: Step-by-step guides are available for those new to digital banking.
Benefits of the Scotia Momentum® Visa Infinite* Card:
Here’s a table summarizing the key benefits of the Scotia Momentum® Visa Infinite* Card:
Cash Back Rewards:
- 4% cash back on groceries and recurring bill payments
- 2% on gas and daily transit
- 1% on all other purchases
- Up to $25,000 annual spend in each category
- 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
- No annual fee for the first year
- Offer valid until October 31, 2023
- Comprehensive coverage including trip cancellation, emergency medical, and more. Coverage details vary
Mobile Device Insurance:
- Coverage for mobile devices like smartphones. Must pay for the device with the card
Car Rental Insurance
- Collision and loss damage waiver coverage. Rental period cannot exceed 48 consecutive days
Purchase Security & Extended Warranty:
- Most items purchased are insured against theft, loss, or damage for 90 days. Warranty is also doubled for up to one year Coverage is in excess of any other insurance
Scotia Credit Card Protection (Optional):
Financial protection for events like death, critical illness, hospitalization, etc. Two different coverage bundles to choose from
A flexible way to pay off eligible purchases of $100 or more with no interest rate and a low fee. Specific terms apply.
- Annual Fee: $120 for the primary card (waived for the first year).
In addition to the benefits mentioned earlier, the Scotia Momentum® Visa Infinite* Card offers the following perks:
- Concierge Service: Provided by a third-party premium concierge provider, AXA Assistance USA, Inc., this service can assist you with various tasks and arrangements.
- Annual Fee Waiver for Preferred or Ultimate Package: If you sign up for a Scotiabank Preferred Package or Ultimate Package, you can receive an annual fee waiver on select credit cards, including this one.
- Avis and Budget Car Rental Discounts: You can enjoy savings of up to 25% on Avis and Budget base rates, although taxes, fees, and surcharges are extra.
- Visa Zero Liability Policy: This policy protects you from unauthorized use of your card, offering you an extra layer of security.
- Apple Pay Compatibility: The card is compatible with Apple Pay, allowing for convenient and secure payments through eligible Apple devices.
- Scotia Momentum® Cash Back Calculator: This online tool helps you calculate your potential cash back earnings based on your spending habits.
Who’s eligible for the Scotia Momentum® Visa Infinite Card:
To be eligible for the Scotia Momentum® Visa Infinite* Card, you must meet the following criteria:
- Minimum Annual Income: You should have a minimum annual income of $60,000.
- Minimum Household Income: Alternatively, a minimum household income of $100,000 is required.
- Minimum Assets Under Management: Another option for eligibility is having minimum assets under management of $250,000.
- Age Limit: You must be at least 18 years old, or the age of majority in your province or territory, to apply for the Scotia Momentum® Visa Infinite Card.
- Residency: You must be a Canadian resident to apply for a credit card offered by a Canadian bank.
- Financial Background Check: You will also require a credit history check.
Note: It’s important to note that individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the special offers associated with this card.
How to obtain the Scotia Momentum® Visa Infinite Card:
Below are listed the steps to Obtain the Scotia Momentum® Visa Infinite* Card:
Check Eligibility: Make sure you meet the income and other eligibility criteria for the card.
Gather Documentation: Collect all necessary documents, such as proof of income, identification, and any other required paperwork.
Visit the Official Website: Go to the Scotiabank’s official website.
Apply Online: Look for the “Apply Now” button (top left) to start the online application process. You’ll be prompted to fill out an application form with your personal and financial information.
Review and Submit: Double-check all the information you’ve entered, read the terms and conditions, and then submit your application.
Wait for Approval: After submitting your application, you’ll typically receive an instant decision or be notified that your application is under review. In some cases, you may require additional information or documentation.
Receive Your Card: Once approved, you’ll receive your new card in the mail, usually within 7-10 business days.
Activate the Card: Follow the instructions provided with your new card to activate it. This often involves calling a toll-free number or activating it online.
Set Up Online Access: Register for online banking to manage your account, set up alerts, and keep track of your spending and rewards.
Start Using the Card: Once activated, you can start using your new Scotia Momentum® Visa Infinite* Card to make purchases and earn rewards.
Conclusion: The Scotia Momentum® Visa Infinite Card:
The Scotia Momentum® Visa Infinite* Card stands out as a robust financial instrument designed for individuals who value cash back rewards, convenience, and security. With its tiered cash back system, you can maximize your earnings on everyday expenses like groceries, gas, and recurring bill payments. The card also comes with a suite of insurance benefits, including comprehensive travel insurance and mobile device coverage, adding an extra layer of peace of mind. Moreover, the card is backed by Scotiabank, a financial institution with a strong reputation for customer service and a wide range of financial services.
We believe It’s a card that aligns well with a lifestyle focused on both the present and the future.
1. Is there an Initial limit for this card?
The initial credit limit for the Scotia Momentum® Visa Infinite* Card is $5000. However, Credit limits are generally determined based on your creditworthiness, income, and other financial factors. You’ll be informed of your credit limit once your application is approved.
2. What are the fees for this card?
The Scotia Momentum® Visa Infinite* Card has an annual fee of $120 for the primary cardholder. However, the annual fee is waived for the first year. Additional cards come with a $50 annual fee, which is also waived for the first year. The interest rates are: 20.99% on purchases and 22.99% on cash advances. Other fees may include cash advance fees, late payment fees, and foreign transaction fees.
3. What are the cash back rewards for this card?
The card offers 4% cash back on groceries and recurring bill payments, 2% on gas and daily transit, and 1% on all other eligible purchases. These rates apply up to an annual spend of $25,000 in each category.
4. What are the eligibility criteria for this card?
To be eligible, you must have a minimum annual income of $60,000, or a minimum household income of $100,000, or minimum assets under management of $250,000. Individuals who have been primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years are not eligible for the special offers.
5. Does this card offer any travel insurance?
Yes, the Scotia Momentum® Visa Infinite* Card offers comprehensive travel insurance, including trip cancellation, emergency medical coverage, and more. The specifics of the coverage can vary, so it’s advisable to read the terms and conditions for full details.
Contact Scotiabank Credit Card Centre by Mail:
P.O. Box 4100, Station A, Toronto, ON – M5W 1T1
Contact Scotiabank Credit Card Centre by Telephone:
1 (800) 387-6466 (Canada/USA) | (416) 288-1440 (Greater Toronto Area) | 1 (800) 645-0288 (TTY – text telephone services for the hearing impaired Canada/USA)
Or alternatively, you can visit any of Scotiabank’s branches.