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Scotia Momentum VISA Infinite card

ScotiaBank Momentum VISA Infinite FYF (inc additional cardholder) + 10% back in first 3 months

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

[Scotia Momentum VISA Infinite card] ScotiaBank Momentum VISA Infinite FYF (inc additional cardholder) + 10% back in first 3 months

10% cashback is back on first $2,000 spend. Then reverts to 4% on groceries/recurring payments, 2% gas/daily transit, 1% everything else.
417 replies
[OP]
Newbie
Jan 22, 2008
83 posts
63 upvotes
Vancouver
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.
Deal Addict
Dec 4, 2008
1918 posts
1585 upvotes
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?
Deal Addict
Jun 27, 2006
2195 posts
799 upvotes
Toronto
What qualifies recurring payments? Monthly phone bills?
Newbie
Jun 11, 2018
39 posts
55 upvotes
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
Deal Addict
Jan 25, 2008
2251 posts
2151 upvotes
Montréal
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)
Newbie
Dec 25, 2018
14 posts
22 upvotes
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."
Deal Addict
User avatar
Mar 5, 2006
3611 posts
1046 upvotes
GTA
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.
Deal Fanatic
User avatar
Dec 23, 2008
5846 posts
1554 upvotes
Milton
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?
Newbie
Dec 25, 2018
14 posts
22 upvotes
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.
Newbie
Oct 17, 2018
15 posts
33 upvotes
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
Deal Addict
User avatar
Jul 15, 2003
3437 posts
886 upvotes
Ontario, Canada
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
Member
Jan 10, 2009
305 posts
353 upvotes
toronto
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.
Sr. Member
User avatar
Jun 27, 2017
587 posts
823 upvotes
GTA
Thanks OP! Applied thru GCR and got approved.
Member
Feb 5, 2012
416 posts
117 upvotes
Toronto
Ah I missed the GCR when I applied yesterday.
Sr. Member
User avatar
Oct 14, 2017
896 posts
1182 upvotes
Toronto
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.
Newbie
Apr 20, 2012
84 posts
11 upvotes
Is the Scotiabank Passport Visa Infinite on actual special offer too? Or is that the everyday special offer?

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