BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
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Scotia Momentum® Visa® Infinite + Card review
4.5Rated by the CreditCardGuru Editorial Team
Canada's perennial best-cash-back-card winner: 4% on groceries and recurring payments plus strong insurance easily outearns the annual fee for most families.
At a glance
- Annual fee
- $120
- Welcome bonus
- ~$420
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 20.99%
Rewards & earn rates
| Groceries$25,000 combined annual spend cap with recurring payments | 4% |
| Recurring bill payments | 4% |
| Gas & EV charging$25,000 combined annual spend cap with transit, rideshare and food delivery | 2% |
| Transit, rideshare & food delivery | 2% |
| Everything else | 1% |
Welcome offer: 15% cash back on first $2,000 in purchases (up to $300) plus first-year annual fee waived ($120 value) (Earn 15% on up to $2,000 in everyday purchases in the first 3 months. Offer for accounts opened May 1 - Nov 1, 2026).
Pros & cons
Pros
- Top-tier 4% on groceries and recurring bills
- Multi-year winner of best cash back card awards
- Anytime redemption and full insurance package
Cons
- $120 annual fee after the first year
- $25,000 caps on each accelerated tier
- 2.5% foreign transaction fee
Perks & insurance
Key perks
- 4% cash back on groceries and recurring payments
- Redeem cash back anytime ($25 minimum) - no waiting for an annual payout
- Mobile device insurance included
- Visa Infinite dining, hotel and concierge privileges
- Up to 7 cents/L in fuel savings at Shell
Insurance
- Travel emergency medical insurance
- Trip cancellation and trip interruption insurance
- Flight delay insurance
- Delayed and lost baggage insurance
- Rental car collision/loss damage insurance
- Mobile device insurance
- Purchase security and extended warranty protection
Rates & fees
- Annual fee
- $120
- Purchase interest
- 20.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $60,000
First year waived, including additional cards (offer for accounts opened May 1 - Nov 1, 2026).
Compare Scotia Momentum® Visa® Infinite + Card with…
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
C
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
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Cite this page
“Scotia Momentum® Visa® Infinite + Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/scotia-momentum-visa-infinite, updated June 7, 2026.