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Scotia Momentum VISA Infinite - 4% Groceries & Recurring Bills, 2% Gas & Transit

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Feb 24, 2008
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Gatineau
Lostwords wrote: you can't use Visa Card in Costco....
You are able to use Visa to order Costco Cash cards on costco.ca Which would get you 1% Return.

djino
Newbie
Jul 24, 2010
75 posts
9 upvotes
Ontario
Applied in April. Got my credit in my statement this month - $810! I really love this card and at $810 for 6 months do not care about the $99 fee for next year one little bit...

g.
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May 17, 2012
3199 posts
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ontario
groovejumper wrote: Applied in April. Got my credit in my statement this month - $810! I really love this card and at $810 for 6 months do not care about the $99 fee for next year one little bit...

g.
I'm at $100 CB since mid September. Not quite on same pace as you but yes, card makes a lot of sense for us too.
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Dec 13, 2010
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A lot of you love this card, but isn't the Scotia Amex gold better? Same annual fee, FYF, 4% on gas, groceries, restaurants and entertainment.
For places that don't accept AMEX default back to your no fee 1% CB card.
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Apr 29, 2008
8010 posts
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Montreal
thetipster wrote: A lot of you love this card, but isn't the Scotia Amex gold better?
If you do your majority of grocery shopping at places that don't take Amex, it makes the Scotia Amex much less appealing.
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Feb 24, 2008
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thetipster wrote: A lot of you love this card, but isn't the Scotia Amex gold better? Same annual fee, FYF, 4% on gas, groceries, restaurants and entertainment.
For places that don't accept AMEX default back to your no fee 1% CB card.
AMEX acceptance in Canada is what lowers it's value.

But I still value it more than the momentum visa. But everyone will have their own preference.

Djino
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Dec 17, 2008
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djino wrote: AMEX acceptance in Canada is what lowers it's value.

But I still value it more than the momentum visa. But everyone will have their own preference.

Djino
Does the Amex travel credits have to be used each year or can they carry over... For myself I don't travel very often.
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Dec 13, 2010
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cashinstinct wrote: If you do your majority of grocery shopping at places that don't take Amex, it makes the Scotia Amex much less appealing.
Right, I get that. I'm using the fee-less PC Financial for 3% back at lawblaws, no frills, and anywhere else I go will take the Amex.

So now we are at 3 cards... which isn't for everyone
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Feb 24, 2008
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Shawguy wrote: Does the Amex travel credits have to be used each year or can they carry over... For myself I don't travel very often.
No. Your Scotia Rewards Points (if that is what you are referring to) roll over forever.

But as you can only apply them to travel purchases, the purchase itself has to be at least $50, and has to have been purchased within the past 365 days of you redeeming on it

Djino
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Dec 17, 2008
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djino wrote: No. Your Scotia Rewards Points (if that you are referring to) roll over forever.

But as you can only apply them to travel purchases, the purchase itself has to be at least $50, and has to have been purchased within the past 365 days of you redeeming on it

Djino
I wish I knew that before. I thought they had to be redeemed yearly or you lost them. This is why I got the Visa.

Does Scotia do product switches? Lol
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Feb 24, 2008
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thetipster wrote: Right, I get that. I'm using the fee-less PC Financial for 3% back at lawblaws, no frills, and anywhere else I go will take the Amex.

So now we are at 3 cards... which isn't for everyone
I myself use 3 credit cards.

1. Scotia Amex for 4% back from Gas grocery restaurant entertainment purchases. I'm in my second year with it and have had both years of annual fees waived.

2. I use the Chase Amazon Visa for all foreign currency purchases since chase does not charge the usual 2.5% foreign exchange fee that most all credit cards charge.

3. And I use the MBNA rewards world elite for 2% cashback on everything else. I signed up years ago and managed to get the no annual fees version of this card.

Those are my 3 go to cards. And I don't pay any annual fees.

Djino
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Jul 15, 2009
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What's the best time of year to apply so that after a year, I can get the cashback and still cancel in time before being charged the annual fee?

Should be coming up soon, right?
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Dec 17, 2008
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bubak wrote: What's the best time of year to apply so that after a year, I can get the cashback and still cancel in time before being charged the annual fee?

Should be coming up soon, right?
Beginning of December. Also Ratesupermarket has the $100 gift card offer again too right now.
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Feb 24, 2008
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Shawguy wrote: I wish I knew that before. I thought they had to be redeemed yearly or you lost them. This is why I got the Visa.

Does Scotia do product switches? Lol
I'm not sure.

If you have no luck and still want the Scotia Amex, PM me, and I can get you 30,000 welcome points (worth $300 in Travel) instead of the current 20,000 points along with first year free.

djino
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Dec 5, 2006
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Markham
MrBigNose wrote: The total cash back is posted on Nov statements.
Mine is $330+ for 11 months (applied the card last December)
Are you sure thid card is best for your purpose? That cash back amount seems low
Newbie
Dec 26, 2010
31 posts
If you don't care about the type of reward..(Cashback or travel) and if you spend over $6500 in gas, grocery & dining is Scotia Bank Amex generally the best card? Since on the first $$6.5k spending its as if you get 2% cashback and pay off membership fee ($100 +30 supp) and anything on top of that is 4% return.

And of course the $200 signup bonus. Or is there another card that provides better benefit for Travel or Cashback?
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Feb 24, 2008
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iRFD wrote: If you don't care about the type of reward..(Cashback or travel) and if you spend over $6500 in gas, grocery & dining is Scotia Bank Amex generally the best card?
Yes, assuming the places you do spend accept AMEX. AMEX acceptance is the issue which often could lessen the value of the Scotia Amex offering. But if you Grocery shop at places like Metro/Food Basics/Sobeys/etc. that do take amex and you should be fine with this card.
iRFD wrote: Since on the first $$6.5k spending its as if you get 2% cashback and pay off membership fee ($100 +30 supp) and anything on top of that is 4% return.

And of course the $200 signup bonus. Or is there another card that provides better benefit for Travel or Cashback?
I would say this card is up there as being one of the best Travel/Cashback cards assuming you are ok with Travel credit and spending at places that take AMEX.

djino
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Sep 2, 2014
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smartie wrote: Are you sure thid card is best for your purpose? That cash back amount seems low
Not sure... need to do more math :)

office is close to home, so only $100+ per month for gas
Moreover, can't use the card for $6000 spending in costco
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Sep 2, 2014
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groovejumper wrote: Applied in April. Got my credit in my statement this month - $810! I really love this card and at $810 for 6 months do not care about the $99 fee for next year one little bit...

g.
wow!!! even you used the card only for GAS/Groceries, your spending is greater than $20,000

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