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Scotiabank Passport® Visa Infinite* Card vs Scotia Momentum® Visa Infinite* Card: Which one is better?
Scotiabank Passport® Visa Infinite* Card
4.8
Scotia Momentum® Visa Infinite* Card
4
Finly Rebate
Promotional rebate expires on Mar 31, 2025
Finly Rebate
Promotional rebate expires on Mar 31, 2025
Rewards Breakdown
Annual Rewards
$343.9
Scene+
First Year Bonus
$300
Scene+
Annual Fee
$150
First Year Value
$493.9
$193.9 in years after
Based on $2,000/mo average spending. 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*
Lost or Stolen Baggage
$1000
Baggage Delay
$1000.svg)
Car Rental Damage & Theft
$65,000 up to 48 days
Travel Accident
$500,000/insured, $1M combined
Extended Warranty
1 year
Purchase Protection
90 days
Emergency Out of province Medical
$2M/insured up to 25 days
Trip Cancellation
$1,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/tripFlight Delay
$500/person after 4 hours
Hotel Burglary Insurance
$1,000Emergency Medical Over 65
$2M/insured up to 3 days
Insurance Included*
Lost or Stolen Baggage
$500Baggage Delay
$500Car Rental Damage & Theft
48 daysTravel Accident
$500,000Extended Warranty
1 yearPurchase Protection
90 daysEmergency Out of province Medical
15 daysTrip Cancellation
$1,500Trip Interruption
$2,000Flight Delay
$500
Mobile Device Insurance
$1,000
Extra Benefits*
Visa Infinite Exclusive Benefits
No Foreign Transaction Fees
Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada
Airport Lounge - Dragon Pass
6 Free complimentary visits.svg)
Concierge Services
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Status lift
Avis® Preferred Plus membership
Extra Benefits*
Visa Infinite Exclusive Benefits
Yes
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%
Balance Transfer:
22.99%
Interest Rates*
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Annual Fee*
$150
Annual Fee*
$120
$0
First Year Waived
Income Required*
Min Personal Income:
$60,000
Min Household Income:
$100,000
Income Required*
Min Personal Income:
$60,000
Min Household Income:
$100,000
Welcome Bonus*
Earn 30,000 bonus Scene+ points by making at least $2,000 in everyday eligible purchases in your first 3 months. Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday eligible purchases annually. Terms Apply.
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*
- Earn 3x Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
- Earn 2x Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options(including rideshares, buses, subways taxis and more)
- Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
- Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
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).
Loyalty Program*
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 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
- 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
- Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
- High insurance coverage.
- First year annual fee waived.
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
- The base cashback rate (1%) is low for most high spent categories, especially after the first year when the card's annual fee kicks in.
vs American Express Cobalt® Card
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vs Tangerine Money-Back Credit Card
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Scotiabank Passport® Visa Infinite* Card vs Scotia Momentum® Visa Infinite* Card: When to go for one over the other
Annual Fees and Requirements
The Scotiabank Passport Visa Infinite* Card has a slightly higher annual fee than the Scotia Momentum Visa Infinite* Card. Both cards require a minimum income of $60,000 for individuals or $100,000 for households. The higher annual fee of the Passport card may be justified by its additional travel-related perks, though both cards offer solid value depending on the user's needs.
Rewards Comparison
The rewards structure for these two cards depends heavily on spending habits. The Scotia Momentum Visa Infinite* Card offers high cashback on groceries and recurring bills, making it ideal for those who spend in these categories. The Scotiabank Passport Visa Infinite* Card rewards dining and travel-related purchases, so if you dine out frequently or travel often, it may offer better returns. Overall, the Scotia Momentum card is likely to provide more value in most everyday spending scenarios, but Passport excels for restaurant-goers and travelers.
Reward Redemption Options
The Scotiabank Passport Visa Infinite* Card's Scene+ points can be redeemed for travel, entertainment, and groceries, offering a range of options. On the other hand, the Scotia Momentum Visa Infinite* Card provides cashback, which is the most flexible option since it can be used on any purchase. For those prioritizing flexibility, the Momentum card holds an advantage with its straightforward cashback system.
Benefits and Insurance
The benefits and insurance coverage for both cards are mostly similar, with both offering strong travel and purchase protection. The Scotiabank Passport Visa Infinite* Card stands out with its no foreign transaction fees and airport lounge access, making it a better choice for frequent travelers. However, the Scotia Momentum Visa Infinite* Card includes mobile device insurance, which the Passport card does not, adding value for those wanting phone protection.
Conclusion
The best card depends on your spending habits. For travelers and frequent diners, the Scotiabank Passport Visa Infinite* Card is the better choice due to its lounge access, no foreign transaction fees, and dining rewards. However, for those looking to maximize cashback on everyday categories like groceries and bills, the Scotia Momentum Visa Infinite* Card is the clear winner. Users who value mobile insurance may also prefer the Momentum card.
Legal
*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. Check here for full details and current product information.