Been waiting for this. Thanks OP.

Edit: Anybody know when do they apply the cash back in case I wanted to cancel it after a year?

Edit 2: Dont forget GCR. https://www.greatcanadianrebates.ca/det ... -Infinite/

+10

Jan 2nd, 2020 6:03 pm

bazzz [OP]: Newbie; Jan 22, 2008; 83 posts; 63 upvotes; Vancouver

Jan 2nd, 2020 6:03 pm

If you click "Offer Details" you get a popup that states:

Offer details
To qualify for the 10% cash back and annual fee waiver offer, make sure to:

1. Open a new customer Scotia Momentum® Visa Infinite* credit card account by April 30, 2020.

2. Make at least $2,000 in everyday eligible purchases in your first 3 months from account opening.

We’ll credit your account in 2 instalments:

1. Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 7 months from the account open date; and

2. Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program (i.e., November).

Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the offers.

See terms and conditions below for full details.

+2

Jan 2nd, 2020 6:05 pm

sports1: Deal Addict; Dec 4, 2008; 2252 posts; 1983 upvotes

Jan 2nd, 2020 6:05 pm

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Someone spell this out for me.. doesn't this exclude pretty much any existing clients?

+6

Jan 2nd, 2020 6:07 pm

matt4670: Deal Addict; Jun 27, 2006; 2343 posts; 950 upvotes; Toronto

Jan 2nd, 2020 6:07 pm

What qualifies recurring payments? Monthly phone bills?

Jan 2nd, 2020 6:10 pm

grasshopper902: Member; Jan 10, 2009; 340 posts; 386 upvotes; toronto

Jan 2nd, 2020 6:10 pm

astute12 wrote: ↑ Been waiting for this. Thanks OP.

Edit: Anybody know when do they apply the cash back in case I wanted to cancel it after a year?

Edit 2: Dont forget GCR. https://www.greatcanadianrebates.ca/det ... -Infinite/

Is the GCR rebate still valid? It looks like you only get it for applications that are approved before December 31st 2019

Jan 2nd, 2020 6:12 pm

masterofnone: Newbie; Jun 11, 2018; 49 posts; 55 upvotes

Jan 2nd, 2020 6:12 pm

sports1 wrote: ↑ Someone spell this out for me.. doesn't this exclude pretty much any existing clients?

Looks like any existing clients but you can try and call to see if they will let you. I haven't tried with Scotia but at TD, they let me do a product switch and still honoured the FYF and bonus cashback

Jan 2nd, 2020 6:13 pm

thesubmitter: Deal Addict; Jan 25, 2008; 2699 posts; 2713 upvotes; Montréal

Jan 2nd, 2020 6:13 pm

I got this card recently as part of my CC death combo

This is:
- my backup grocery card after Amex cobalt (Amex poor acceptance)
- this is my gas card (we don't spend too much on gas anyways)
-this covers all my reoccurring payments: telecom, gym memberships, Netflix, even some very random things are covered.
-Finally we have 6 phones in my house, I use this card as insurance on all those phones.

(my combo is Rogers cc for ForEX and everything else, cobalt for food, momentum for above - also have a platinum but that's just for first year perks)

+13

Jan 2nd, 2020 6:30 pm

chubbpupp: Newbie; Dec 25, 2018; 14 posts; 22 upvotes

Jan 2nd, 2020 6:30 pm

astute12 wrote: ↑ Been waiting for this. Thanks OP.

Edit: Anybody know when do they apply the cash back in case I wanted to cancel it after a year?

Edit 2: Dont forget GCR. https://www.greatcanadianrebates.ca/det ... -Infinite/

I got this promo last summer. Rebate applies in November.

From my account details on the website: "You'll receive your annual cash back reward in November."

+2

Jan 2nd, 2020 6:31 pm

jaszy: Deal Addict; Mar 5, 2006; 3660 posts; 1157 upvotes; GTA

Jan 2nd, 2020 6:31 pm

So bonus cashback after 7 months. Regular cashback schedule in November, assuming I apply and get approved now, therefore in 10 months? Did I get that correctly? Seems like a long wait.

+2

Jan 2nd, 2020 6:34 pm

spena: Deal Fanatic; Dec 23, 2008; 6028 posts; 1648 upvotes; Milton

Jan 2nd, 2020 6:34 pm

chubbpupp wrote: ↑ I got this promo last summer. Rebate applies in November.

From my account details on the website: "You'll receive your annual cash back reward in November."

So we should hold on this cc until we our rebate on nov then close the card?

Also does gas gift cards count as grocery?

Jan 2nd, 2020 7:05 pm

chubbpupp: Newbie; Dec 25, 2018; 14 posts; 22 upvotes

Jan 2nd, 2020 7:05 pm

spena wrote: ↑ So we should hold on this cc until we our rebate on nov then close the card?

Also does gas gift cards count as grocery?

Sorry, let me clarify my original post.

If you want the full rebate, I think you need to wait until November.

Here is the answer I received from Scotia.

"The 10% bonus cashback was credited to your account, 2-3 month after the offer
end date. As an example:

If you make $2000 in eligible everyday purchases in the Gas Stations and
Grocery Stores category, your cash back earnings will be credited to your
Account as follows:

First, the Cash Back Bonus Rate of 6% x $2000 = $120 will be credited to your
Account within 2-3 months of the Offer End Date.

Secondly, the Cash Back Program Rate of 4% x $2000 = $80 will be credited to
your Account as per the regular cash back payment schedule (November)."

I would think gas gift cards bought at a grocery store would count as groceries.
Someone correct me if I'm wrong.

+3

Jan 2nd, 2020 8:23 pm

gdl272: Newbie; Oct 17, 2018; 16 posts; 33 upvotes

Jan 2nd, 2020 8:23 pm

How strict are they with applicants with previous accounts? I had this card a year and a half ago (my only product with Scotia) and have since closed it. Can anyone speak from experience? Thank you

+3

Jan 3rd, 2020 9:23 am

Kevinck: Deal Addict; Jul 15, 2003; 3536 posts; 1007 upvotes; Ontario, Canada

Jan 3rd, 2020 9:23 am

grasshopper902 wrote: ↑ Is the GCR rebate still valid? It looks like you only get it for applications that are approved before December 31st 2019

Boo. i was just about to sign up when i read your post. that GCR page does say all cards have to be issued before dec 30 2019

+1

Jan 4th, 2020 9:17 am

grasshopper902: Member; Jan 10, 2009; 340 posts; 386 upvotes; toronto

Jan 4th, 2020 9:17 am

Kevinck wrote: ↑ Boo. i was just about to sign up when i read your post. that GCR page does say all cards have to be issued before dec 30 2019

Looks like they updated their page. $60 rebate for those applications issued before April 30, 2020.

+1

Jan 4th, 2020 10:27 am

Bratcoin: Sr. Member; Jun 27, 2017; 672 posts; 943 upvotes; GTA

Jan 4th, 2020 10:27 am

Thanks OP! Applied thru GCR and got approved.

Jan 4th, 2020 10:28 am

poppy1337: Member; Feb 5, 2012; 426 posts; 127 upvotes; Toronto

Jan 4th, 2020 10:28 am

Ah I missed the GCR when I applied yesterday.

Jan 4th, 2020 11:22 am

pkthree: Member; Jun 25, 2004; 309 posts; 70 upvotes

Jan 4th, 2020 11:22 am

$110 through High Interest Savings: https://cashback.highinterestsavings.ca ... offer/1854

+5

Jan 4th, 2020 7:15 pm

kthxbye: Deal Addict; Oct 14, 2017; 1195 posts; 1688 upvotes; Toronto

Jan 4th, 2020 7:15 pm

masterofnone wrote: ↑ Looks like any existing clients but you can try and call to see if they will let you. I haven't tried with Scotia but at TD, they let me do a product switch and still honoured the FYF and bonus cashback

Tried calling them and got denied. But not before spending 1 hour and 40 minutes for an operator to talk to. Scotia is a joke.

+2

Jan 4th, 2020 10:28 pm

sndream: Newbie; Apr 20, 2012; 94 posts; 11 upvotes

Jan 4th, 2020 10:28 pm

Is the Scotiabank Passport Visa Infinite on actual special offer too? Or is that the everyday special offer?

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