Home » Banking » Comparing Scotia Momentum Visa Infinite Card Vs. BMO CashBack World Elite Mastercard 
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Comparing Scotia Momentum Visa Infinite Card Vs. BMO CashBack World Elite Mastercard 

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Read on to find the comparison between Scotia Momentum Visa Infinite Card Vs. BMO Cash Back World Elite Mastercard.

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For cashback credit cards in Canada, you have a lot of options.  

We will compare two major credit cards- the Scotia Momentum Visa Infinite card and the BMO Cashback world elite master card.  

Scotia Momentum Visa Infinite card  

Source: Scotia Momentum Visa Infinite card  

The Scotia Momentum Visa Infinite card is a good pick if you are for an overall cashback credit card in Canada.  

Let us discuss its features-  

1. Eligibility

To be eligible for this card, you must be a permanent resident of Canada and be of the right age. Further, your minimum income should be $60,000 annually. The credit score recommended is around 660+.  

2. Annual Fees  

The annual fee on this card is $120, but the bank waives the yearly fee in the first year.  

3. Interest charged on Balances

The balance transfer interest rate is 22.9%, and the cash advance interest rate is 22.9%. The purchase interest rate is 20.9%.  

4. Cashback and rewards

On this card, you can earn a 10% cashback on all your purchases for the first three months with no annual fees in the first year. Further, you can earn 4% on every $1 transaction for groceries, bills, and subscriptions, 2% on gas purchases, and 1% on all other transactions with no cashback limit. 

Eligibility 1. A permanent resident of Canada of age.  
2. The minimum income should be $60,000 annually.  
3. A credit score of around 660+.  
Annual Fees $120, but waived off for the first year. 
Interest on Balances 1. The balance transfer interest rate is 22.9%.  
2. The cash advance rate is 22.9%.  
3. The purchase interest rate is 20.9%. 
Cashbacks and rewards 1. 10% cash back on all your purchases for the first three months.  
2. Bank waives the annual fees for the first year.  
3. 4% cash back on every $1 transaction for groceries, bills, and subscriptions.  
4. 2% cash back on gas purchases   
5. 1% cash back on all other transactions with no cashback limit 

BMO Cashback World Elite Mastercard  

Source: BMO Cashback World Elite Mastercard  

1. Eligibility

For this card, you need to be a permanent resident of Canada and age. Also, a credit score of 760 or more, and your minimum income should be $80,000 annually.  

2. Annual Fees

The annual fee on this credit card is $120, but the bank waives it in the first year.  

3. Interest charged on balances 

The balance transfer interest rate on this card is 22.9%. The cash advance interest rate is 23.99%, and the purchase interest rate on this card is 20.99%.  

4. Cashback & Rewards

On this card, you can earn cashback in many categories. You can earn 5% on groceries, 4% on public transportation, transit, and ridesharing, 3% on electric vehicle charging and gas, 2% on repeated bill payments like phone bills, etc., and 1% unlimited cash back on every other purchase. Also, you get 10% cash back on all purchases for the first three months. 

Eligibility 1. A permanent resident of Canada and age.  
2. A credit score of 760 or more.  
3. The minimum income should be $80,000 annually. 
Annual Fees $120, but waived off the first year. 
Interest on Balances 1. The balance transfer interest rate is 22.9%.  
2. The cash advance interest rate is 23.99%.  
3. The purchase interest rate is 20.99%. 
Cashbacks & Rewards 1. 5% on groceries.  
2. 4% on public transportation, transit, and ride sharing  
3. 3% on electric vehicle charging and gas.  
4. 2% on repeated bill payments like phone bills.  
5. 1% unlimited cash back on every other purchase.  
6. 10% cash back on all purchases for the first three months 

Now, knowing these cards, let us compare both-  

Criteria Scotia Momentum Visa Infinite card BMO Cash Back World Elite Mastercard 
Additional Benefits 1. 10% cash back on all your purchases for the first three months.  
2. 4% cash back on every $1 transaction for groceries, bills, and subscriptions.  
3. 2% cash back on gas purchases   
4. 1% cash back on all other transactions with no cashback limit 
1. 10% cash back on all purchases for the first three months.  
2. 5% on groceries.  
3. 4% on public transportation, transit, and ride sharing  
4. 3% on electric vehicle charging and gas.  
5. 2% on repeated bill payments like phone bills.  
6. 1% unlimited cash back on every other purchase. 
Welcome Offer Bank waives the annual fees for the first year. Bank waives the annual fees for the first year. 
Minimum income requirement The minimum income should be $60,000 annually. The minimum income should be $80,000 annually. 
Condition of Canadian Resident  Yes Yes 

Opinion of Expertbyarea  

Here, we compared two credit cards that were similar. You can consider anyone if looking for a cashback credit card in Canada.  

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