Scotiabank Passport® Visa Infinite* Card vs. Scotia Momentum® Visa Infinite* Card: Which One is Better?
Scotiabank Passport® Visa Infinite* Card vs. Scotia Momentum® Visa Infinite* Card: Which One is Better?
When deciding on the perfect credit card, it all comes down to how you plan to use it. Are you a frequent traveller looking for perks while exploring the world, or do you prefer earning cash-back rewards on everyday purchases? Scotiabank offers two standout options: the Scotiabank Passport® Visa Infinite* and the Scotia Momentum® Visa Infinite*. Both come packed with benefits, but they cater to different needs.
Here’s a breakdown to help you decide which card is better for you.
Scotiabank Passport® Visa Infinite Card: A Traveler’s Best Friend*
The Scotiabank Passport® Visa Infinite* Card is a fantastic choice for those who love to travel. It’s designed to enhance your travel experience while helping you save money on fees and earn valuable rewards.
For frequent travelers, custom lanyards are the perfect solution. They combine a cardholder for easy access to documents and cash with a personalised style, making check-ins hassle-free and adding a touch of individuality to your travel gear.
- No Foreign Transaction Fees: This is one of the biggest selling points of this card. While most cards charge a 2.5% fee for transactions in foreign currencies, this card eliminates that cost.
- Scene+ Points Program: With this card, you earn 2 Scene+ points per dollar spent on dining, groceries, and entertainment. For all other purchases, you earn 1 point per dollar. These points can be redeemed for travel, making it an excellent choice for frequent flyers.
- Travel Perks: Cardholders receive six complimentary airport lounge visits per year through the Priority Pass membership. This adds a touch of luxury to your travel experience.
- Comprehensive Travel Insurance: The card comes with extensive travel insurance, including coverage for trip cancellation, travel emergency medical expenses, and lost or delayed baggage.
Who Is This Card For?
This card is ideal if:
- You travel frequently and want to avoid foreign transaction fees.
- You value airport lounge access and other premium travel perks.
- You prefer redeeming rewards for travel expenses like flights and hotels.
Scotia Momentum® Visa Infinite Card: A Cashback Powerhouse*
The Scotia Momentum® Visa Infinite* Card is a top-tier choice for those who prefer cashback rewards over travel points. It’s perfect for everyday spending, especially if your purchases are focused on essentials like groceries and bills.
- Generous Cashback Rates: The card offers 4% cashback on groceries and recurring bill payments, 2% on gas and daily transit, and 1% on all other purchases. These rates make it one of the best cashback cards in Canada.
- Welcome Bonus: New cardholders can earn 10% cashback on all purchases in the first three months, up to $2,000 in spending.
- Low Annual Fee: While the regular annual fee is $120, it’s waived for the first year, allowing you to try the card at no cost.
- Purchase Protection: The card also includes insurance for purchases, extended warranties, and even mobile device coverage.
Who Is This Card For?
This card is perfect if:
- You spend a lot on everyday categories like groceries and bills.
- You prefer earning cashback instead of travel rewards.
- You’re looking for a card with a slightly lower annual fee.
Annual Fees and Foreign Transactions
The Scotiabank Passport® Visa Infinite* Card has a higher annual fee of $150 compared to the $120 for the Scotia Momentum® Visa Infinite* Card. However, the Passport card’s benefits, such as no foreign transaction fees and airport lounge access, justify the higher cost for frequent travellers.
On the other hand, the Momentum card is more budget-friendly, but you’ll have to pay a 2.5% fee on foreign currency transactions. If you rarely make international purchases, this won’t be a significant drawback.
Rewards Comparison
For Travel Enthusiasts
The Scotiabank Passport® Visa Infinite* Card stands out for travellers. The ability to earn Scene+ points and redeem them for flights, hotels, and other travel-related expenses makes it the go-to card for exploring the world. Add in the savings from no foreign transaction fees, and you’ve got a winning combination for jet-setters.
For Everyday Spending
The Scotia Momentum® Visa Infinite* Card excels in cashback rewards. With 4% cashback on groceries and bills, it’s one of the highest earners in its category. This makes it an excellent choice for families or anyone looking to maximize savings on essential expenses.
Insurance and Added Perks
Both cards come with excellent insurance packages, but they cater to different needs.
- Scotiabank Passport® Visa Infinite*: Focused on travel insurance, including emergency medical coverage, trip interruption, and lost baggage protection.
- Scotia Momentum® Visa Infinite*: Emphasizes purchase protection, extended warranty coverage, and mobile device insurance.
Additionally, the Passport card offers Priority Pass membership for airport lounges, a feature absent in the Momentum card.
Which Card Is Right for You?
The best card depends on your lifestyle:
- Choose the Scotiabank Passport® Visa Infinite Card if:*
- You’re a frequent traveller who values rewards and travel perks.
- You want to save on foreign transaction fees.
- You enjoy redeeming points for flights, hotels, and other travel expenses.
- Choose the Scotia Momentum® Visa Infinite Card if:*
- You prioritize cashback rewards for everyday spending.
- Your spending is focused on groceries, gas, and recurring bills.
- You prefer a slightly lower annual fee and don’t need travel perks.
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Final Thoughts
Both cards offer incredible value, but they cater to different spending habits. The Passport card is the clear choice for travelers, while the Momentum card shines for everyday cashback enthusiasts. Take a moment to evaluate your spending habits and choose the card that aligns with your financial goals.
Whichever card you choose, you’ll enjoy the premium benefits of Scotiabank’s Visa Infinite* lineup. What’s your pick? Let us know in the comments!