Great new offer on the Scotia Momentum VISA Infinite card - 10% back for first three months & first year free

For the third time in a year or so we see a card offer a published 10% return. The first two were from American Express (10% back on the SimplyCash Preferred Card and 10% on the Cobalt for last Christmas) and now we have this one for Scotia Momentum Visa Infinite Card. Right now for new applications Scotia will award you with 10% cash back on all purchases up to $200 cash back in the first three months. Not only that but they will waive the first year annual fee of $99. That means if you can spend $2,000 on the card in the first three months you'll get the full $200 at no cost.

After the first three months you will have your usual 4%, 2% and 1% returns and with the annual fee waived in the first year it won't cost you anything to give this card a shot. Remember your cash back reward gets paid out in November so you'll want to wait until then to cancel this card if so chose to.  This offer is valid for applications made up until Feb 28, 19

This card ranked fourth overall in our 2018 Top Cash Back Credit card rankings.

◊ You will earn 10% cash back (the “Offer”) on the first $2000 in eligible purchases posted to your new Scotia Momentum® Visa Infinite* credit card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back value of $200, whichever comes first (the “Offer End Date”). After the Offer End Date, you will earn regular cash back on purchases at the regular cash back rate described in the Scotia Momentum Visa Infinite Cash Back Program (the “Program”) that applies to the Account (the “Cash Back Program Rate”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program); and (ii) a “Bonus Cash Back Rate”. Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each: 1. Bonus Cash Back Rate: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 2- 3 months after the Offer End Date; and 2. Regular Cash Back Rate: 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 your Program (November). EXAMPLE: If the regular Cash Back Program Rate for the Gas Stations and Grocery Stores 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. 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). †Based on a $99 annual fee waiver in the first year and a potential cash back earning of up to $200 during the offer period. All other terms of the Scotia Momentum® Visa Infinite* Cash Back Program Terms and Conditions apply. Offer applies to a new Account only opened by February 28, 2019. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are not eligible for this Offer. All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers. *We will waive the initial annual fee for the primary card and each additional supplementary card for the first year. Offer applies to new Scotiabank credit card account (“Accounts”) only that are opened by February 28, 2019. Any additional supplementary cards must be issued by February 28, 2019 to qualify. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this offer. The current annual fee is $99 for the primary card and $30 for each additional supplementary card. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.