Apply for the Scotia Bank Scotia Momentum Visa Infinite Credit Card Today

Looking for a credit card that rewards your everyday purchases with substantial cashback? The Scotia Momentum Visa Infinite Credit Card might just be what you need. Designed for Canadians who want to make the most out of their spending, this card offers an impressive 4% cashback on eligible gas and grocery purchases, 2% on drugstore and recurring bills, and 1% on everything else. Imagine receiving rewards effortlessly as you go about your daily routine. Whether it’s fueling your car or buying groceries for your family, you earn cash back with each swipe. Plus, this card comes with valuable perks like comprehensive travel insurance and access to exclusive Visa Infinite experiences. Enjoy peace of mind with the card’s robust security features, ensuring your transactions are safe and protected. If you’re ready to harness the power of your spending, this card could be a beneficial addition to your wallet.

Discover the Benefits of the Scotia Bank Scotia Momentum Visa Infinite Credit Card

Earn Substantial Cash Back

With the Scotia Momentum Visa Infinite Credit Card, you can earn up to 4% cash back on eligible groceries and recurring bill payments. This makes everyday purchases more rewarding. For example, when you buy your weekly groceries or pay your monthly cell phone bill, you not only manage routine expenses but also get rewarded in return. The savings can add up quickly and contribute to a cash back bonus at the end of your fiscal year.

Comprehensive Travel Insurance

If you often travel, this card offers an extensive travel insurance package, including travel medical insurance, trip interruption/cancellation coverage, and baggage protection. This could provide peace of mind and potentially save you thousands of dollars in unexpected travel expenses. For instance, if your flight is delayed or your luggage is misplaced, the card’s insurance will cover the extra costs, allowing you to travel with confidence.

Access to Special Offers and Discounts

The card provides access to Visa Infinite Privileges, such as exclusive offers, discounts, and unique experiences. This includes discounts at select hotels, access to presale events, and dining experiences curated just for cardholders. By keeping an eye on these special offers, you can significantly enhance your lifestyle without extra spending.

Rental Car Discounts and Insurance Coverage

When renting a car, cardholders benefit from savings on rental rates from participating Avis and Budget locations in Canada and the U.S. Moreover, the included car rental insurance coverage means you can decline the costly insurance offered by rental agencies, saving money each time you rent a car. By using your card for rental payments, not only do you save, but you also add an extra layer of protection.

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This table highlights the key advantages of the Scotia Bank Scotia Momentum Visa Infinite Credit Card, making it easy to understand why it’s a valuable option for potential users. With robust rewards and initial fee waivers, this card appeals to those looking to maximize their benefits while minimizing costs.

Requirements for Scotia Bank Scotia Momentum Visa Infinite Credit Card

• Minimum Personal Income: Applicants must have a minimum personal income of $60,000 CAD, or if applying with a spouse, a household income of at least $100,000 CAD. This ensures that the cardholder can manage the credit card’s payments and benefits responsibly.
• Credit Score Qualification: A good credit score is crucial. Ideally, applicants should have a credit score of 660 or above, as this reflects a responsible credit history and increases the likelihood of approval.
• Proof of Income: Documentation such as recent pay stubs, employment letters, or bank statements may be required to verify your income, assuring the bank of your financial stability.
• Age Requirement: Applicants must be at least 18 years old in Alberta, Manitoba, Ontario, Prince Edward Island, Québec, and Saskatchewan, and 19 years old in the other provinces and territories, aligning with Canadian age of majority regulations for contracting.
• Residency Status: To apply, you need to be a Canadian resident. This ensures that the bank can effectively support you with its services within Canada and verify your identity easily.

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How to Apply for the Scotia Bank Scotia Momentum Visa Infinite Credit Card

Step 1: Visit the Scotia Bank Website or Nearest Branch

To begin the application process for the Scotia Bank Scotia Momentum Visa Infinite Credit Card, you have two primary options. You can either visit the Scotia Bank website from the comfort of your home or go to a nearby Scotia Bank branch. If you choose the online route, navigate to their credit card section where you will find the Scotia Momentum Visa Infinite Credit Card. Visiting a branch might be ideal if you prefer a face-to-face interaction.

Step 2: Review Eligibility Requirements

Before proceeding with your application, it’s crucial to review the eligibility requirements for the Scotia Momentum Visa Infinite Credit Card. Generally, you’ll need to be a Canadian resident who meets the minimum income criteria. Check if you meet these requirements to ensure a smooth application process. This information is usually available either online or through a bank representative.

Step 3: Complete the Application Form

Once you’ve confirmed your eligibility, proceed by filling out the application form. If you’re applying online, follow the prompts carefully, and provide all necessary personal and financial details. At the bank branch, a representative will assist you in completing the form. Make sure you have all your important documents such as ID, proof of income, and any other required paperwork ready to expedite the process.

Step 4: Submit Your Application

After completing the application form, the next step is to submit it for approval. If online, double-check all entered information for accuracy before hitting the submit button. In a branch, the representative will guide you through the submission process. This step is crucial as errors can delay your application’s processing time.

Step 5: Receive Approval and Activating Your Card

Once your application is submitted, you’ll need to wait for the bank’s decision. Upon approval, you will receive your Scotia Momentum Visa Infinite Credit Card in the mail. Follow the instructions provided to activate your card before it can be used. This typically involves a quick phone call or an online activation process.

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Frequently Asked Questions about the Scotia Bank Scotia Momentum Visa Infinite Credit Card

What are the main benefits of the Scotia Bank Scotia Momentum Visa Infinite Credit Card?

The Scotia Bank Scotia Momentum Visa Infinite Credit Card offers several benefits, including earning 4% cash back on eligible grocery store purchases and recurring bill payments, 2% cash back on eligible gas station and daily transit purchases, and 1% cash back on all other eligible purchases. Additionally, cardholders enjoy travel insurance, concierge services, and access to exclusive events as part of the Visa Infinite program.

Is there an annual fee for the Scotia Bank Scotia Momentum Visa Infinite Credit Card?

Yes, there is an annual fee for this credit card. The fee is $120 for the primary cardholder, but it is often waived for the first year as a promotional offer. Remember to check if these promotions are currently available at the time of application. Additional cards for extra users come with an extra fee, usually around $50 each.

What credit score do I need to qualify for the Scotia Momentum Visa Infinite Credit Card?

To qualify for the Scotia Bank Scotia Momentum Visa Infinite Credit Card, you typically need a good to excellent credit score, which is generally considered to be a score of 650 or higher. Along with the credit score, factors like income and existing debt levels will also be considered during the application process.

Does this card offer travel insurance?

Yes, the Scotia Bank Scotia Momentum Visa Infinite Credit Card includes a comprehensive travel insurance package. This typically covers travel emergencies, trip cancellations, and lost or damaged baggage. However, please refer to the cardholder agreement or contact the bank directly for detailed information and to understand the specific terms and conditions.

How does the cashback rewards program work?

The cashback rewards on the Scotia Bank Scotia Momentum Visa Infinite Credit Card are calculated based on the category of each purchase. Each category of spending earns a different percentage, as outlined in the card’s benefits. The cash back you earn throughout the year accrues and is usually applied as a statement credit, enabling you to reduce your outstanding balance or fund future purchases.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.