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Cash Back Rebate from GCR:
$125.00★
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Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards.
Offer valid November 1, 2024 - October 31, 2025.
FEATURES
- Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases.
- Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
- Earn 1% cash back on all other purchases with no cash back limit.
- Visa Infinite* Concierge Services
- Visa Infinite* Hotel Collection
- Visa Infinite* Dining and Wine Country program
- Comprehensive Travel Insurance & New Mobile Device Insurance coverage
Rates, fees and other information are effective as of November 1, 2024. Subject to change.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal 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 also eligible for the Offer.
| Annual Card Fee: | $120 | | Credit Score: | 725 |
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| Extra Card Fee: | $50 | | Purchase Interest Rate: | 20.99% |
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| Minimum Personal Income: | $60,000 | | Balance Transfer Interest Rate: | 22.99% |
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| Minimum Household Income: | $100,000 | | Cash Advance Interest Rate: | 22.99% |
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* See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
VALUE CONVERSIONS
Part 1: Scotia Momentum® Visa Infinite* Card Cash Back Value per Canadian Dollar
- All Purchases: 1 Cash Back Dollar = $ 1 CAD when redeemed as a statement credit.
Part 2: Scotia Momentum® Visa Infinite* Card Cash Back Value per 100 Canadian Dollars
- All Purchases: 100 Cash Back Dollars = $ 100 CAD
Part 3: Summary for Best Value
To get the best value from the Scotia Momentum® Visa Infinite* Card:
- Redeem for Statement Credits: Cash back is automatically applied as a statement credit, providing a direct 1:1 value.
- Focus on High Cash Back Categories: Maximize your spending in categories with the highest cash back rates to earn more.
- Use Travel Benefits: The card offers various travel insurances which can save you money on travel-related expenses, adding to its value.
- Annual Fee Justification: Ensure the cash back you earn plus the card's other benefits outweigh the annual fee to make it worthwhile.
Part 4: Scotia Momentum® Visa Infinite* Card Cash Back Earned per $ 1000 Spending by Category
- Grocery Stores and Recurring Payments: 40 Cash Back Dollars per $ 1,000 spent (up to $ 25,000 annually at 4%, then 1% after).
- Gas and Public Transit: 20 Cash Back Dollars per $ 1,000 spent (up to $ 25,000 annually at 2%, then 1% after).
- All Other Eligible Purchases: 10 Cash Back Dollars per $ 1,000 spent (1% cash back).
NOTE : The value conversions may not be up to date. Please calculate your own conversion to Canadian dollars to ensure accuracy.
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★ PLEASE READ TO MAKE SURE YOU GET A CASH BACK REBATE
Cash back Rebates will be paid by Great Canadian Rebates under the following rules:
1. Applicants must apply through an online link from Great Canadian Rebates.
2. Rebates are for applications started and approved online.
3. DO NOT leave the application before completing. This includes browsing elsewhere.
4. If application session expires, a new session must be started. Start over by clicking on the link from Great Canadian Rebates.
5. Activation of the Card by the cardholder.
6. Cashback may end at any time and is at the discretion of the GCR and only available to Great Canadian Rebates members.
7. Cashback is not valid to repeat cardholders with the same card.
8. Cash Back Rebate is from GCR and will be posted to your GCR account upon card approval.
NOTE: You must reply to GCR within 3 months from application date to report a missing rebate, otherwise the rebate is void.
Rebate Currency Exchange : NONE
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