Comparing Scotia Momentum Visa Infinite card Vs. BMO CashBack World Elite Mastercard 

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  

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-  

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+.  

Annual Fees-  

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

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%.  

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

BMO Cashback World Elite Mastercard  

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.  

Annual Fees-  

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

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%.  

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	A permanent resident of Canada and age.  A credit score of 760 or more.  The minimum income should be $80,000 annually.
Annual Fees	$120, but waived off the first year.
Interest on Balances	The balance transfer interest rate is 22.9%.  The cash advance interest rate is 23.99%.  The purchase interest rate is 20.99%.
Cashbacks & Rewards	5% on groceries.  4% on public transportation, transit, and ride sharing  3% on electric vehicle charging and gas.  2% on repeated bill payments like phone bills.  1% unlimited cash back on every other purchase.  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	10% cash back on all your purchases for the first three months.  4% cash back on every $1 transaction for groceries, bills, and subscriptions.  2% cash back on gas purchases   1% cash back on all other transactions with no cashback limit	10% cash back on all purchases for the first three months.  5% on groceries.  4% on public transportation, transit, and ride sharing  3% on electric vehicle charging and gas.  2% on repeated bill payments like phone bills.  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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