See How to Apply for a Scotia Momentum Visa Infinite Card

What do I need to know before applying?

The Scotia Momentum offers a 10% cashback bonus on all your purchases in the first 3 months with the card!

Scotiabank ranks among Canada’s top financial institutions, offering a diverse array of financial services for both individuals and businesses.

The Scotia Momentum Visa Infinite card is an excellent choice for effective financial management, so explore what this card has to offer.

The starting credit limit is $5,000, which can significantly increase based on your income and credit history.

Regarding costs, the card carries an annual fee of $120, with an additional $50 charge for each supplementary card; both fees are waived during the first year.

The primary benefit of the card is its cashback rewards, featuring a special introductory offer of 10% cashback on all purchases made in the first 3 months, up to a purchase limit of $2,000.

Here are the other cashback categories associated with the card:

• 4% on recurring payments and purchases
• 4% on subscription services like Netflix
• 4% for every dollar spent at grocery stores and supermarkets
• 2% on daily transit expenses, including gas stations, taxis, trains, and buses
• 1% unlimited on all other purchases

If you want to learn more, keep reading.

Who can Apply?

Scotiabank has specific criteria for its customers.

First, applicants must be at least 18 or 19 years old, depending on the province, and must be registered residents, either born in Canada or foreign nationals with a valid passport and visa.

To qualify for the card, you need to have a good to excellent credit score, along with a minimum annual income of $60,000, a household income of $100,000, or assets managed totaling $250,000.

There aren’t many significant objections, but it’s crucial to understand that all applications must receive approval from the bank.

How do I Apply for the Scotia Momentum Visa Infinite Card?

To apply for the credit card, you should locate the “Sign Up Now” button on the online platform.

Initially, you will need to indicate whether you already have any products with Scotiabank. If this is your first application, you will proceed as a new customer, and the process will take about 8 minutes.

When filling out the form, you’ll be required to provide details such as:

• Your full name, primary phone number, email address, ID number, and other personal information. You will also need to provide income details, including your employment type, housing situation, and how you satisfy the bank’s financial requirements.

Since this is a premium card, expect a more detailed review process, especially when asked to provide proof of documents.

If you have any inquiries, you can reach out to Scotiabank’s customer service, known for its efficiency as one of the top banks in Canada.

More Details

The Scotia card provides Visa Infinite perks, delivering remarkable experiences, including concierge service to aid with travel arrangements, a hotel collection featuring automatic upgrades, and exclusive fine dining and wine programs available in the area.

Additionally, it offers discounts of up to 25% at AVIS locations for car rentals.

In terms of security, the card includes insurance for various situations, such as emergency medical coverage while traveling, coverage for lost or delayed baggage, compensation for flight delays, trip cancellation and interruption insurance.

Also travel accident coverage, protection against rental car loss or damage due to accidents, and purchase protection with extended warranty services.

Furthermore, the card offers optional Scotia Credit Card Protection, which includes lifetime benefits as well as coverage for critical illnesses and hospitalization.

This insurance also encompasses additional protections for disability, job loss, strikes, or lockouts. Overall, Scotiabank’s premium card is highly comprehensive, providing essential benefits for all aspects of life.

Want to learn another option?

Looking for another quality option? Then check out the Simply Cash Preferred from American Express to enjoy 4% cashback at gas stations.

The card comes with all the benefits of American Express, including up to $750 in annual bonuses for referring friends. See how to apply.

Written by

Gabriel Gonçalves