The main difference between the Scotia Momentum Visa Infinite Card and the Scotiabank Passport Visa Infinite Card lies in their rewards structure and travel perks. While both cards offer competitive benefits, they have distinct features that cater to different spending habits and lifestyle preferences.
Let's dive into the rewards structure. The Scotia Momentum Visa Infinite Card shines with its generous cashback rewards, particularly for everyday spending categories like groceries, gas, and recurring bills. On the flip side, the Scotiabank Passport Visa Infinite Card takes the travel route, offering travel rewards and points accumulation on a broader range of expenses, including travel-related purchases and dining.
Fees vary between the two cards. The Scotia Momentum Visa Infinite Card comes with a different fee structure, whereas the Scotiabank Passport Visa Infinite Card may have an annual fee that is offset by its travel perks and rewards potential.
When it comes to introductory offers and bonuses, each card has its own enticing incentives. The Scotia Momentum Visa Infinite Card may present cashback bonuses upon initial spending thresholds, whereas the Scotiabank Passport Visa Infinite Card might entice you with sign-up bonuses in the form of travel points or other valuable perks.
A standout feature of the Scotia Momentum Visa Infinite Card could be its focus on maximizing cashback rewards for your daily purchases, making it a great choice for those who prioritize savings on everyday expenses. On the other hand, the Scotiabank Passport Visa Infinite Card could stand out with its no foreign transaction fee policy, Scene+ points, and travel benefits, which include airport lounge access and travel insurance.
In conclusion, whether you're looking to earn cashback on your everyday spending or accumulate travel rewards for your jet-setting adventures, both the Scotia Momentum Visa Infinite Card and the Scotiabank Passport Visa Infinite Card have something to offer. Your decision will ultimately hinge on your spending habits and the type of rewards that align with your financial goals and lifestyle.
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|---|---|
| Description | |
| Scotia Momentum Visa Infinite Card received a number of awards in 2022, along with its outstanding features such as comprehensive Travel Insurance and New Mobile Device Insurance. | Take advantage of the no foreign transaction fee policy. Plus earn up to 3X the Scene+TM points when you spend $1 on eligible grocery, dining, and entertainment purchases |
| Basics | |
| Additional Cardholders | |
| 10 | 10 |
| Card Type | |
| Visa | Visa |
| Minimum Credit Limit | |
| $5,000.00 | $5,000.00 |
| Maximum Credit Limit | |
| N/A | N/A |
| Sign up bonus | |
| Signup Bonus Points | |
| N/A | 25000 points |
| Signup Bonus Points Required Spend | |
| N/A | $1,000.00 |
| Signup Bonus Points Required Spend Terms | |
| N/A | eligible purchases in your first 3 months. Plus, earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually. Giving you a total of 35,000 points. |
| Rewards | |
| Rewards Program | |
| Cashback | Scotia Rewards |
| Domestic Rewards Points Earn Rate | |
| N/A | 1 |
| Cashback Percentage Grocery Spend | |
| 4% | N/A |
| Cashback Percentage Petrol Spend | |
| 2% | N/A |
| Cashback Percentage Any Domestic Spend | |
| 1% | N/A |
| Benefits | |
| Airport Lounge Access Included | |
| No | No |
| Concierge Service Included | |
| Yes | Yes |
| Cardholder's International Travel Insurance | |
| Yes | Yes |
| Complimentary Flight Voucher Included | |
| No | No |
| Introductory balance transfer | |
| Balance Transfer Rate | |
| N/A | N/A |
| Balance Transfer Period | |
| N/A | N/A |
| Balance Transfer Fee | |
| N/A | N/A |
| Balance Transfer Limit | |
| N/A | N/A |
| Balance Transfer Revert Rate | |
| N/A | N/A |
| Ongoing rates | |
| Cash Advance Rate | |
| 22.99% p.a. | 22.99% p.a. |
| Purchase Rate Ongoing | |
| 20.99% p.a. | 20.99% p.a. |
| Ongoing fees | |
| Annual Fee Ongoing | |
| $120.00 | $150.00 |
| Foreign Exchange Fee Percentage | |
| 2.5% | 0% |
| Late Payment Fee | |
| N/A | N/A |
| Overseas ATM Withdrawal Fee | |
| $5.00 | $5.00 |
| Digital wallets | |
| Apple Pay Enabled | |
| Yes | Yes |
| Google Pay Enabled | |
| Yes | Yes |
| Samsung Pay Enabled | |
| Yes | Yes |
| Eligibility | |
| Available To Existing Customers | |
| No | No |
| Minimum Age | |
| 18 years | 18 years |
| Minimum Credit Rating | |
| Good | Good |
| Minimum Income | |
| $60,000.00 | $60,000.00 |
| Temporary Residents Accepted | |
| No | No |
