BMO CashBack World Elite Mastercard vs Scotia Momentum Visa Infinite + Card
The short answer: for most people the BMO CashBack World Elite Mastercard is the better overall card — we rate it 4.5/5 and it shines if you want big grocery spenders who want the highest cash back rate. Choose the Scotia Momentum Visa Infinite + Card instead if your priority is households with large grocery and bill spending who want maximum cash back..
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| Our rating | 4.5 | 4.5 |
|---|---|---|
| Annual fee | $120/yr | $120/yr |
| Welcome bonus | ~$260 | ~$420 |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 20.99% | 20.99% |
| Income required | $80,000 personal | $60,000 personal |
| Best for | Big grocery spenders who want the highest cash back rate | Households with large grocery and bill spending who want maximum cash back. |
| Apply now | Apply now |
BMO CashBack World Elite Mastercard
Our winnerThe cash-back leader for grocery-heavy households. Just mind the $500/month cap on the 5% rate — beyond that you're earning 1%.
Scotia Momentum Visa Infinite + Card
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.
Frequently asked questions
Is the BMO CashBack World Elite Mastercard or the Scotia Momentum Visa Infinite + Card better?
For most Canadians, the BMO CashBack World Elite Mastercard is the better overall pick (we rate it 4.5/5 vs 4.5/5). It's especially strong if you want big grocery spenders who want the highest cash back rate. The Scotia Momentum Visa Infinite + Card can still win if you specifically want households with large grocery and bill spending who want maximum cash back..
Which card has the lower annual fee?
Both cards have a $120 annual fee.
Do either of these cards charge foreign transaction fees?
BMO CashBack World Elite Mastercard: 2.5% foreign transaction fee. Scotia Momentum Visa Infinite + Card: 2.5% foreign transaction fee.