[Amazon.ca] $75 Giftcard with Scotia Momentum VISA signup

Jul 25th, 2015 12:19 am

#1

darkcloud8282 [OP]: Sr. Member; Nov 13, 2011; 715 posts; 295 upvotes; Vancouver, BC

Jul 25th, 2015 12:19 am

[Amazon.ca] $75 Giftcard with Scotia Momentum VISA signup

Deal Link:: http://www.amazon.ca/gp/product/B005WXN ... BT8DE4XZQZ
Expiry:: October 31, 2015

Get a $75 Amazon.ca Gift Certificate after your first purchase.*
$99 Annual fee waived for the first year.
Earn cash back on everyday spending.
4% cash back on eligible gas station and grocery store purchases.1
2% cash back on drug store purchases and recurring bills.1
1% cash back on all other eligible purchases.1
19.99% interest rate.
$99 annual fee.

* Gift Certificate Offer -- This offer applies to new accounts applied for online from Amazon.ca by October 31, 2015 subject to credit approval. Limit one gift certificate per new account. The Amazon gift certificate may be redeemed for online purchases made at Amazon.ca.The gift certificate will be mailed to the primary borrower to the address provided on your Scotiabank VISA online application within 60 days of the account open date.

Merchants applicable:
http://www.scotiabank.com/images/en/fil ... /26664.pdf

Jul 25th, 2015 11:02 am

#2

Poopninja: Newbie; Feb 20, 2004; 36 posts; 54 upvotes

Jul 25th, 2015 11:02 am

Is there any downside to cancelling the credit card after making use of the gift certificate offer to avoid the annual fee?

+1

Jul 25th, 2015 11:39 am

#3

HyperMegaJet: Jr. Member; Dec 10, 2009; 106 posts; 14 upvotes

Jul 25th, 2015 11:39 am

Any chance for current card holders to get this offer? I got the credit card back in February with no promos, but this deal is pretty good ($175 value).

Jul 25th, 2015 12:14 pm

#4

Bum_Gravey: Sr. Member; Mar 17, 2005; 604 posts; 339 upvotes; Oshawa

Jul 25th, 2015 12:14 pm

Poopninja wrote: ↑Is there any downside to cancelling the credit card after making use of the gift certificate offer to avoid the annual fee?

Other than the small ding to your credit rating for closing out the card, not really. You can even call them to downgrade to their free card (cash back isn't as good) after the first year though if you don't want to adversely affect your credit score.

Jul 25th, 2015 12:21 pm

#5

Madevilz: Deal Fanatic; Dec 11, 2008; 7220 posts; 3563 upvotes; Montreal

Jul 25th, 2015 12:21 pm

Minimum $60,000 Personal Income

dat feel when poor

+14

Jul 25th, 2015 12:27 pm

#6

Sepharite: Deal Addict; Nov 25, 2007; 3606 posts; 1017 upvotes; Toronto

Jul 25th, 2015 12:27 pm

I'm looking for a credit card. Is this the best one?

Jul 25th, 2015 12:32 pm

#7

goonx126: Deal Addict; Aug 31, 2007; 1331 posts; 125 upvotes; Toronto

Jul 25th, 2015 12:32 pm

Bum_Gravey wrote: ↑Other than the small ding to your credit rating for closing out the card, not really. You can even call them to downgrade to their free card (cash back isn't as good) after the first year though if you don't want to adversely affect your credit score.

Pretty sure ppl said cancelling cards are only a temp ding, nothing long term.

Need a Teksavvy modem??

Jul 25th, 2015 12:34 pm

#8

bigface: Newbie; Nov 15, 2007; 94 posts; 7 upvotes

Jul 25th, 2015 12:34 pm

only down side for this card is the rebate comes yearly. if you plan to close the card during the year, you'll loose all your rebate. You can downgrade your card the 2nd year.

Jul 25th, 2015 12:38 pm

#9

Bum_Gravey: Sr. Member; Mar 17, 2005; 604 posts; 339 upvotes; Oshawa

Jul 25th, 2015 12:38 pm

goonx126 wrote: ↑Pretty sure ppl said cancelling cards are only a temp ding, nothing long term.

There really aren't any permanent dings on your credit rating. All things clear with time.

Jul 25th, 2015 12:54 pm

#10

plucky duck: Deal Addict; Jul 21, 2001; 4317 posts; 406 upvotes; Calgary

Jul 25th, 2015 12:54 pm

The cash back comes every November. It's my daily driver, I throw everything at it, even with our 3 person family we still rack up a nice cash back every year. I was a few grand short of their minimum annual individual income but I guess they used their discretion and manually approved it, perhaps my credit score had swayed them.

"i love my girl friend and my girl friend loves me ok so you cant love me"

Jul 25th, 2015 1:05 pm

#11

dncarolyn: Newbie; Jan 16, 2011; 77 posts; 9 upvotes

Jul 25th, 2015 1:05 pm

plucky duck wrote: ↑The cash back comes every November. It's my daily driver, I throw everything at it, even with our 3 person family we still rack up a nice cash back every year. I was a few grand short of their minimum annual individual income but I guess they used their discretion and manually approved it, perhaps my credit score had swayed them.

I'm 2k shy of the individual annual income, hopefully they pay me the same courtesy! This card puts my 1% dividend VISA to shame.

Jul 25th, 2015 2:07 pm

#12

brobinsoncc: Deal Addict; Apr 20, 2012; 1839 posts; 1247 upvotes; Waterloo, ON

Jul 25th, 2015 2:07 pm

I was fresh out of school for less than a year when I signed up for this a year and a half ago and had no problem getting it. My income was under 40k that year.

The Amazon code they sent me didn't work though so I had to jump through some hoops to get a new code.

+1

Jul 25th, 2015 3:32 pm

#13

silvergate: Deal Addict; Oct 23, 2013; 1472 posts; 762 upvotes; GVR

Jul 25th, 2015 3:32 pm

Sepharite wrote: ↑I'm looking for a credit card. Is this the best one?

<br />
<br />

One of the best available today if you spend a lot in using it. The accumulated cashback can be your payment for the annual fee. The 75 credit should make it more sweeter.

If you are somewhat feel 100 fee is expensive which i do, just get the scotiabank momentum visa which has the 39 dollar annual fee. Difference is you get 2%cashback opposed to 4%. Amazon offers the same 75dollar. Its better to have it at amazon than opening it at a bank.

Jul 25th, 2015 5:49 pm

#14

Richfields: Deal Addict; Aug 19, 2011; 3626 posts; 2286 upvotes; West Coast

Jul 25th, 2015 5:49 pm

got this card about 8 months ago via great canadian rebates for the same promo and the card has been great. no issues (I was always a mastercard guy before) and the cash back adds up. Over 300 now already. Been a good card for us

Please don't ask or beg for "thanks". Don't act like this is Facebook. If someone found your post helpful, let them decide if they want to make that click. The more you beg, the less you'll get. Cheers

Jul 25th, 2015 6:02 pm

#15

RiCHC3: Deal Addict; Mar 31, 2007; 4968 posts; 3127 upvotes

Jul 25th, 2015 6:02 pm

As a heads up Scotia tends to do income verification although sometimes they forgo that if you bank with them already.

Jul 26th, 2015 11:44 am

#16

Peterjones44: Newbie; Jun 15, 2012; 81 posts; 43 upvotes; Toronto

Jul 26th, 2015 11:44 am

Kashiffarsi5 wrote: ↑Why not get $80 GC here https://www.walletsavvy.com/credit-card ... promotions

Agreed.. looks like $80 bonus is the best out there. and this card is amazing by the way.

Jul 26th, 2015 11:55 am

#17

daikman: Deal Addict; Apr 15, 2011; 1484 posts; 380 upvotes

Jul 26th, 2015 11:55 am

Sepharite wrote: ↑I'm looking for a credit card. Is this the best one?

This is the best cashback credit card in Canada. For first year free it's a no brainer. The amount of cashback I earn per year is great! They call it the king of cash back credit cards. And now that it's insurances have been really improved I would say it's unbeatable

Jul 26th, 2015 11:59 am

#18

daikman: Deal Addict; Apr 15, 2011; 1484 posts; 380 upvotes

Jul 26th, 2015 11:59 am

HyperMegaJet wrote: ↑Any chance for current card holders to get this offer? I got the credit card back in February with no promos, but this deal is pretty good ($175 value).

You can have two of same credit card with Scotia Bank. I had two Scotia Amex gold rewards simultaneously this year

Jul 26th, 2015 12:03 pm

#19

JimboD: Sr. Member; Mar 4, 2008; 671 posts; 181 upvotes; BC

Jul 26th, 2015 12:03 pm

Anyone wanna enlighten me about the "credit score"? I just cancelled an amex and a mbna mastercard because of the annual fees. I've always paid for things with cash or on mastercard and paid off the mastercard every month.

Now on the hunt for a new mastercard.

Jul 26th, 2015 12:44 pm

#20

plucky duck: Deal Addict; Jul 21, 2001; 4317 posts; 406 upvotes; Calgary

Jul 26th, 2015 12:44 pm

daikman wrote: ↑You can have two of same credit card with Scotia Bank. I had two Scotia Amex gold rewards simultaneously this year

The exact same identical credit card product? The Scotia Amex gold points that I accumulate, can they be converted to aeroplan points?

"i love my girl friend and my girl friend loves me ok so you cant love me"