Rogers Red vs Scotia Momentum® Visa Infinite* Card

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Rogers Red Mastercard® vs Scotia Momentum® Visa Infinite* Card: Which one is better?

Rogers Red Mastercard®

4.4

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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Scotia Momentum® Visa Infinite* Card

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Finly Rebate

$50 Cash Rebate from FinlyWealth

Finly Rebate

$100 $125 Cash Rebate from FinlyWealth

Promotional rebate expires on Mar 31, 2025

Rewards Breakdown

Annual Rewards

$720

First Year Bonus

$90

Annual Fee

First Year Value

$810

$720 in years after

Based on $2,000/mo average spending and assuming you have an eligible Rogers, Fido or Shaw service as the primary or level 1 authorized user. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$407.15

First Year Bonus

$200

Annual Fee

$120

First Year Value

$607.15

$287.15 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

Balance Protection

Minimum payments

Insurance Included*

Lost or Stolen Baggage

$500

Baggage Delay

$500

Car Rental Damage & Theft

48 days

Travel Accident

$500,000

Mobile Device Insurance

$1,000

Extended Warranty

1 year

Purchase Protection

90 days

Emergency Out of province Medical

15 days

Trip Cancellation

$1,500

Trip Interruption

$2,000

Flight Delay

$500

Extra Benefits*

No Cost roaming

5 days

Extra Benefits*

Car Rental Discount

25% off base rate of Avis Rent A Car and Budget Rent A Car

Visa Infinite Exclusive Benefits

Yes

Interest Rates*

Purchase:

20.99% - 25.99%¹

Cash Advance:

22.99% - 27.99%¹

Balance Transfer:

22.99% - 27.99%¹

Interest Rates*

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee*

$120

First Year Waived

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus*

$60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service ($90 if redeemed for Rogers, Fido or Shaw purchases).

Welcome Bonus*

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.

Rewards Rate*

2% cashback on all purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
2% cashback on all U.S dollar purchases and 1% on all other eligible purchases if you do not have a qualifying Rogers, Fido or Shaw service
1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value

Rewards Rate*

4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
2% cashback on gas, daily transit (maximum $500 cashback per year)
1% cashback on all other credit card purchases (unlimited).

Is this card worth it?

This card is one of our top-ranked options in terms of rewards, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is a higher rate than almost any other card offers, even those with annual fees! If you have a high income of $80K or a household income of $150K, you can apply for the World Elite version of this card, which comes with additional insurance and benefits like a lounge pass.

Is this card worth it?

The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.

Pros

Voted as the Best Cash Back Card in Canada for Rogers, Fido and Shaw Customers by FinlyWealth.
There is no annual fee, a notable perk for a card with such high reward multipliers. Most cards with slightly lower reward rates typically have annual fees.
Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing the value of your earned rewards.
The roam-like benefit is a benefit unique only to this card.
It is accepted at nearly all locations as it's a Mastercard.

Pros

Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
High insurance coverage.
First year annual fee waived.

Cons

No real insurance coverage (only balance protection), not even purchase protection or extended warranty which are pretty standard benefits for almost all credit cards.
Low rewards multiplier if you don't have an eligible Rogers, Shaw, or Fido service.

Cons