[PROMOTION] First Year Fee Still Waived with the Scotiabank Momentum Infinite Visa (expired on June 30, 2015)
Scotiabank has been continually waiving its first year fee on its Scotia Momentum Visa Infinite Card. Generally the promotion gets extended. This time around, the offer ends on June 30, 2015. We’ll see if the promotion gets extended again. But I wouldn’t take a chance if you have been thinking about this credit card for a while now. Mine as well take advantage of it while you still can. Here is a quick reminder of the highlights of the credit card:
- $99 annual fee (waived if you apply before
June 30, 2015) - $30 fee for each supplementary cardholder
- Earn 4% cash back on gas and grocery purchases (on your first $25,000 of annual spending on these categories)
- Earn 2% cash back on drug store purchases and recurring bill payments (on your first $25,000 of annual spending on these categories)
- Earn 1% cash back on all other purchases, as well as purchases made above the $25,000 threshold on the categories listed above
Keep in mind that the is a maximum $25,000 spending limit, which caps the return on the higher cash back categories:
- $25,000 x 4% = $1000
- $25,000 x 2% = $500