Revolving Credit Agreement (Amex/Visa Cards and Lines of Credit), Activate your Card online After the first year, the annual fees are as follows: $120/year for the primary cardholder. The ‘no annual fee in the first year’ perk is available until Nov 1, 2020. [Scotiabank] Scotia Momentum VISA Infinite card $100 GCR FYF. Foreign Transaction Fee. EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. 19.99% on purchases. However, if you want to add a supplementary user, it’s $50 per person, annually. When you charge the full cost of most items to your Card, extended warranty coverage doubles the original manufacturer’s warranty for up to one year. Lost or stolen cards Coverage extends for the first 90 days from the date of purchase and is limited to the lesser of the repair cost, replacement cost or original purchase price, and is in excess of any other insurance coverage. Pylin on June 10, 2018 at 11:03 AM. You are automatically covered by Collision Loss Damage Insurance when you rent a vehicle in your name, decline the agency's collision damage waiver or loss damage waiver (or similar provision) and use your Card to pay for the rental. The Scotia Momentum Visa Infinite is one of the most popular cashback cards in Canada, offering a 1st year annual fee waiver & cashback bonuses for groceries, recurring bills and more. If you regularly carry a balance, then a card that charges less interest might well be a better option, even if it does charge currency conversion fees. You must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000. This comprehensive coverage is available at a monthly premium rate of only $1.09 per $100 of the daily balance on your credit card account (plus any applicable sales tax). Coverage provides reimbursement of non-refundable eligible trips costs and additional charges for ticketing changes. Coverage is in place while occupying a common carrier for which you have charged at least 75% of the ticket cost to your Scotia Momentum® Visa Infinite* Card, and which is licensed to carry passengers such as airplanes, cruise ships, trains or buses. Search by Category. Why are ppl saying you need A chequing account to get the fee waived? Scotia Momentum Visa Infinite vs. MBNA Smart Cash World Mastercard. The Scotia Momentum Visa Infinite charges an extra 2.5% foreign transaction fee, which can add up quickly. Based on a comparison to other consumer cash back cards offered by Canadian Schedule I Banks as of September 9, 2020. Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Earn 4% for every $1 you spend on recurring bill payments. Annual period starts from the Account open date and resets every 12 months thereafter. In 2019, the Scotia Momentum Visa Infinite card picked up a total of 11 awards and recognitions from 8 of Canada’s major credit card comparison websites. The MBNA Smart Cash World Mastercard offers: 5% bonus on gas and groceries for 6 months (up to $500 in combined spend), ... [Scotiabank] Scotia Momentum VISA Infinite card $100 GCR FYF. So if you plan to give a second Scotia Momentum Visa Infinite … You will receive a separate certificate of insurance if you choose to purchase this coverage. We do not charge any foreign currency conversion fees, only the exchange rate applies. 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. For instance, I have RBC Avion visa infinite privilege with a $499 annual fee, and I would like to know whether AMEX centurion platinum, with a $699 annual fee, … Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Bonus Offer.Â, Annual Bonus Point Conditions: As a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scotia Rewards point bonus starting at 10,000 Scotia Rewards points when you make at least $40,000 in eligible purchases annually on your Account each year (12-months). The downside is that it doesn’t have a big signup bonus. Whether or not you go for the Scotia Momentum Visa Infinite credit card very much depends on where you spend your money. We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year … Change Category Region. Interest rates, annual fees and features are subject to change without notice. Scotiabank is upping the annual fee and interest rate for its Momentum Visa Infinite Card and shaking up some of the card’s cashback features. No Annual Fee Card: These types of credit cards do not charge any annual fee – Scotia Momentum No-Fee Visa card and Tangerine 2% Money-Back Credit Card. Annual fee is waived for the first year. Conditions apply - see 2 below for further details.Â, Rates and Fees: The current annual fee for the Scotiabank Passport Visa Infinite credit card (“Account”) is $139 for the primary card, $0 for one additional supplementary card and $50 for each additional supplementary card thereafter. Are you new to Canada in the past three years? The primary cardmember and/or co-borrower are liable for all charges incurred on the Scotiabank credit card account by any supplementary card issued in connection with the account. To understand what this card could give you, we’ll look at a competitor that offers a gas and grocery bonus, a lower annual fee, and a sign up bonus. The Scotia Momentum No-Fee Visa is the ideal budget credit card, best suited for everyday spending. Receive an automatic room upgrade when it’s available and free Wi-Fi in your room when you check in. The Primary Cardholder on the Scotiabank Momentum® Visa Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder. 22.99% on cash advances, balance transfers, Scotia Credit Card Cheques and cash-like transactions. always geared towards increasing future company profit for rewarding bonuses to executives and their shareholder-owners et al. The Certificates of Insurance and/or Terms and Conditions contain full details of all coverages and services provided by American Bankers Insurance Company of Florida and American Bankers Life Assurance Company of Florida. Hope that helps the negotiation and good hunting. You will earn cash back on the purchases made by your Supplementary Cardholder at the same rate that you earn cash back rewards on purchases made on your Card. Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only. Save with the best available rates – guaranteed. The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. This is one of the few Cash Back Visa Infinite* credit cards with this insurance benefit.7. Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by the credit card network in another manner, in which case this added benefit would not apply.   The annual spend calculation for the $50,000 maximum threshold is calculated annually from January 1st to December 31st each year. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer. First-year annual fees for the Scotia Momentum Visa Infinite are waived for all new applications. The First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by February 28, 2021 subject to the conditions below. The annual fee of $99 kicks in after the first 12 months that you own the Scotia Momentum Visa Infinite credit card, and there is also a fee of $30 for each supplementary card taken out. Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment. A welcome offer value of $350.†Â. Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. You will earn 4% Cash Back on the first $25,000 you spend annually on purchases on the Account at merchants classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets (Merchant Code 5411) and Recurring Bill Payments. High income requirements. Registered Trademark of The Bank of Nova Scotia. The 10% Cash Back and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotia Momentum® Visa Infinite* credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by February 28, 2021 and is subject to the below terms and conditions. Search this thread. Annual interest rate: 20.99% on purchases; 22.99% on funds advances . You have to pay an annual fee of $39 which can eat into your total savings. Remember that the 21.99% rate you have to pay for cash advances and balance … For details, and to check out the current exclusive Card holder offers, visit Visainfinite.ca. The Bank of Nova Scotia is not an insurer. The annual fee for the Scotiabank Momentum Visa Infinite Card is $120 per year. Dine with some of the biggest names in the food and wine industry in a private, sophisticated setting. Coverage is provided for eligible persons under age 65 for up to 15 consecutive days.7. Includes: gas stations, paying at the pump, buses, taxis, trains, rideshare, and more. 10% Cash Back Offer Description and Conditions: You will earn 10% cash back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Offer End Date”). Remember that the 21.99% rate you have to pay for cash advances and balance transfers is a bit on the higher side, but it is not an issue as long as you are punctual and make your payments in full by the due date. This card boasts a high rate of cash back rewards on daily purchases like groceries, recurring payments and gas. Plus, no annual fee in the first year, … Earn 1% cash back on all other purchases with no cash back limit. Best Credit Cards Canada. Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotia Momentum® Visa Infinite* Card. During the first … Qualification requirement: annual income of $60,000 or household income of $100,000; Annual Fee: $120 Earning Rate: 4% on Groceries (incl. Overall it’s not hard to see why even with a yearly fee that the Scotia Momentum VISA Infinite is a popular card. Scotia Momentum Visa Infinite travel insurance benefits. The cash back card with the most awards in 2019◊. • Annual Interest Rate on Purchases is changing from 19.99% to 20.99%. Registered trademark of The Bank of Nova Scotia. Supermarket), Recurring Bills, and Subscription payments ($25k annual limit) Scotia Momentum Visa Infinite card – Apply Now . Negatives: The downsides to Scotia Momentum® VISA Infinite Credit Card include the annual interest rate of 19.99%. I've signed up for the Ultimate package as one of the benefits is free annual fee for an eligible card, which fortunately includes the Momentum Infinite. 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; andÂ. Plus, no annual fee in the first year, including on supplementary cards.1 A welcome offer value of $350.† (Apply by February 28, 2021) Sign up to claim the welcome bonus! Hot Deals [Scotiabank] Scotia Momentum VISA Infinite card $100 GCR FYF. … Best Cash Back Credit Cards for Canadians. You may be covered for up to $1,000 in the event your cell phone, smartphone, or tablet is lost, stolen, accidentally damaged, or experiences mechanical failure.Â, Charge at least 75% of your trip costs to your Card and get trip cancellation and trip interruption insurance at no extra cost.7. No Annual Fee Card: These types of credit cards do not charge any annual fee – Scotia Momentum No-Fee Visa card and Tangerine 2% Money-Back Credit Card. See terms and conditions below for full details. Although the cashback element may be the headline attraction of this Scotia … With one simple application, you can have financial protection from a range of life events: Disability, Job Loss, Strike or Lockout, Critical Illness or loss of Life. A monthly benefit equal to 20%12 of your outstanding credit card account balance can be paid to your credit card account if you are unable to work, which can help pay down your balance faster. In the event you are diagnosed with a covered Critical Illness13, or if you pass away, your outstanding credit card account balance can be paid in full, up to a maximum of $50,000. Card holders earn cash back on all purchases at varying rates. Edit Bonus × This bonus is automatic and cannot be edited. 3. Increase your credit limit Â, Learn more about Scotia Credit Card Protection, You must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000.Â, Get the Scotia Momentum® Visa Infinite* Card. The card will also up its insurance offering along with its annual fee. Charge at least 75% of your ticket cost to your Card and you’re insured against accidental loss of life or dismemberment.7. Annual Fee. All Scotiabank retail credit cards, except ScotiaLine Visa Card, Scotiabank Value Visa Card, and No-Fee Scotiabank Value Visa Card, will have Visa payWave when issued or reissued. Concierge Service provided by a duly licensed third-party premium concierge provider: AXA Assistance USA, Inc. Understanding Mortgage Prepayments and Charges, Conventional vs. The Scotia Momentum No-Fee Visa is the ideal budget credit card, best suited for everyday spending. The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholders(s) is not in breach of the Revolving Credit Agreement that applies to the Account. Changes effective August 1, 2019 … You will earn 2 points per $1 on the first $50,000 in purchases made on your Scotiabank Passport Visa Infinite account (the “Account”) annually at the following: purchases made at merchants classified in the Visa credit card network as: Grocery Stores and Supermarkets; Eating Places and Restaurants, Drinking Places, Fast Food Restaurants; Entertainment including Motion Picture Theaters, Theatrical Producers, Ticket Agencies, Bands, Orchestras, Miscellaneous Entertainers; Railroads, Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services (Not Elsewhere Classified). 33 5. Annual fee. Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases. You can also make the most of the interest-free 21 … You, your spouse, one travelling companion and your eligible dependent children travelling with you, are automatically insured for up to $1,500 per person for eligible expenses (maximum $10,000 per trip), when you charge at least 75% of such trip expenses to your Scotia Momentum® Visa Infinite* Card and are forced to cancel your trip for eligible medical or non-medical causes. Payâ - the easy, secure, and more multi-course meal and expertly paired wines is,... Not eligible for the primary cardholder the interest rates, annual fees only. 20.99 % based on a regular Schedule ( daily, monthly or ). With a fee … the lesser of the repair cost, call 1-888-882-8958 your smartphone on the side... For up to 15 consecutive days.7 and love to eat ( or feed,... %  for every $ 1 you spend your money 12,000 annually, …... 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