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Scotiabank Passport® Visa Infinite* Card

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Scotia Momentum® Visa* Card

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Scotiabank Passport® Visa Infinite* Card vs Scotia Momentum® Visa* Card: Which one is better?

Scotiabank Passport® Visa Infinite* Card

4.3

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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* Card

3.1

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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

$100 Cash Rebate from FinlyWealth

Finly Rebate

$70 Cash Rebate from FinlyWealth

Rewards Breakdown

Annual Rewards

$343.9

Scene+

First Year Bonus

$250

Scene+

Annual Fee

$150

First Year Value

$443.9

$193.9 in years after

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

Rewards Breakdown

Annual Rewards

$315.05

First Year Bonus

Annual Fee

$39

First Year Value

$276.05

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

Insurance Included

Extended Warranty

1 year

Purchase Protection

90 days

Lost or Stolen Baggage

$1000

Baggage Delay

$1000

Car Rental Damage & Theft

$65,000 up to 48 days

Travel Accident

$500,000/insured, $1M combined

Hotel Burglary Insurance

$1,000

Emergency Out of province Medical

$2M/insured up to 25 days

Emergency Medical Over 65

$2M/insured up to 3 days

Trip Cancellation

$1,500/person, $10,000/trip

Trip Interruption

$2,500/person, $10,000/trip

Flight Delay

$500/person after 4 hours

Insurance Included

Extended Warranty

1 year

Purchase Protection

90 days

Extra Benefits

No Foreign Transaction Fees

Visa Infinite Exclusive Benefits

Airport Lounge - Dragon Pass

6 Free complimentary visits

Concierge Services

Status lift

Avis® Preferred Plus membership

Extra Benefits

Car Rental Discount

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

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

2.99% introductory for 6 months, then 22.99%

Annual Fee

$150

Annual Fee

$39

Income Required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

Earn 25,000 bonus Scene+ points by making at least $1000 in everyday eligible purchases in your first 3 months. Plus, another 10,000 bonus Scene+ points after making $40,000 of purchases annually.

Welcome Bonus

Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)

Rewards Rate

3 Points on on every $1 you spend at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
2 Points dining and at other eligible grocery stores,entertainment purchases which includes movies, theatre, and ticket agencies and Rides which includes rideshare,buses,taxis, subways and more
1 Point on everything else

Rewards Rate

2% cashback on gas, groceries, drug store and recurring payments (maximum $500 annually)
1% cashback on all other credit card purchases.

Loyalty Program

Scene+

Loyalty Program

N/A

Point Redemption Options

Entertainment

1¢ / point

Travel

1¢ / point

Groceries (Sobeys)

1¢ / point

Restaurants

1¢ / point

Merchandise

0.76¢ / point

Gift Cards

0.74¢ / point

Statement Credits (Cash)

0.7¢ / point

Point Redemption Options

Not Applicable

Is this card worth it?

The Scotiabank Passport Visa Infinite is a strong choice for frequent travelers, especially those who value flexibility and premium perks. It stands out with its rare benefit of no foreign transaction fees, making international purchases more cost-effective. Additionally, the card offers a valuable blend of travel perks, including airport lounge access, comprehensive insurance coverage, and flexible rewards, making it an ideal companion for those who frequently travel abroad and want to avoid extra fees while enjoying premium benefits.

Is this card worth it?

The Scotiabank Momentum Visa is a low annual fee cash back card that offers impressive earn rates on a variety of everyday spending categories, making it an excellent choice for those who want to maximize rewards without the higher cost of its Visa Infinite counterpart.

Pros

High Rewards on Select Purchases: Earn up to 3 points per $1 spent on select categories.
No Foreign Transaction Fees: Shop abroad without additional charges.
Comprehensive Insurance: Includes 11 types of insurance coverage.
Airport Lounge Access: Enjoy up to 6 airport lounge passes per year through the Visa Airport Companion program.

Pros

Cash Back Rewards: Earn up to 2% cash back on purchases.
Low Balance Transfer Rate: Benefit from a 2.99% rate on balance transfers for the first 6 months.
No Welcome Bonus: No initial sign-up bonus, keeping things straightforward.

Cons

High Income Requirements: Requires $60,000 personal or $100,000 household income.
Lower Overall Rewards: Rewards potential is lower compared to premium credit cards.
High Annual Fee: Comes with a significant annual fee.
Average Insurance Coverage: Insurance benefits are standard, not exceptional.
Mediocre Earnings Potential: The card’s rewards structure might not offer the highest returns for every spender.

Cons

Limited Insurance Coverage: Only basic insurance is included.
Annual Rewards Payout: Cash back rewards are paid out once a year as a statement credit.