Scotia Momentum Visa Infinite Card – First Year Free – 10% Cash Back (Up to first 2K) – Ends April 30, 2020

With the new year upon us, I found a great offer from Scotiabank for their first year free cash back Scotia Momentum Visa Infinite Card.

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 supplementary cards. A welcome offer value of $350 (annual fee is usually $150).

There is a reason this is one of the best cash back credit cards in Canada (especially with no annual fee):

Grocery store purchases
Earn 4% for every $1 you spend on grocery store purchases. 

Includes: grocery stores and supermarkets.

Bill payments
Earn 4% for every $1 you spend on recurring bill payments.

Includes: pre-authorized payments setup to occur on a regular schedule (daily, monthly or annually).

Examples: insurance premiums, utilities, gym memberships and more.

Subscription payments
Earn 4% for every $1 you spend on recurring subscription purchases.

Includes: pre-authorized payments setup to occur on a regular schedule (daily, monthly or annually).

Examples: popular video or music streaming, meal kit delivery, lifestyle boxes and more.

2% Gas and daily transit
Includes: gas stations, paying at the pump, buses, taxis, trains, rideshare, and more.

Another great reason to get this card is for the free premium insurance that comes with it:

New Mobile Device Insurance

Protect your new cell phones, smartphones, or tablets purchased using your Card on or after August 1, 2019. This is one of the few Cash Back Visa Infinite credit cards with this insurance benefit.

Trip Cancellation and Trip Interruption Insurance

Charge at least 75% of your trip costs to your Card and get trip cancellation and trip interruption insurance at no extra cost.

Travel Emergency Medical Insurance

Coverage is provided for eligible persons under age 65 for up to 15 consecutive days.

Flight Delay Insurance

Charge at least 75% of the full ticket cost to your Card and you’ll be eligible for reimbursement of necessary expenses, such as hotel accommodations, meals, and other emergency items.

Delayed and Lost Baggage Insurance

Charge the full cost of your airplane, train, bus, or cruise ship tickets to your Card. If your checked luggage is delayed or lost, you’re covered.

Travel Accident Insurance

Charge at least 75% of your ticket cost to your Card and you’re insured against accidental loss of life or dismemberment.

Rental Car Collision Loss/Damage Insurance

Charge the full cost of your eligible rental car to your Card and you’re automatically insured if your rental is damaged or stolen.

Purchase Security & Extended Warranty Protection

Most items purchased with your Card are insured against theft, loss, or damage for 90 days from the purchase date. The manufacturer’s warranty is also doubled for up to one year.

You must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000. 

This offer ends April 30, 2020.