CIBC Dividend Visa Infinite Card vs Scotia Momentum Visa Infinite + Card
The short answer: for most people the CIBC Dividend Visa Infinite Card is the better overall card — we rate it 4.5/5 and it shines if you want households with heavy grocery and gas spend who want maximum cash back.. 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 | ~$350 | ~$420 |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 21.99% | 20.99% |
| Income required | $60,000 personal | $60,000 personal |
| Best for | Households with heavy grocery and gas spend who want maximum cash back. | Households with large grocery and bill spending who want maximum cash back. |
| Apply now | Apply now |
CIBC Dividend Visa Infinite Card
Our winnerCIBC's best card for most people — the 4% grocery/gas rate and broad 2% categories outpace nearly every competitor, easily justifying the fee for typical family spending.
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 CIBC Dividend Visa Infinite Card or the Scotia Momentum Visa Infinite + Card better?
For most Canadians, the CIBC Dividend Visa Infinite Card is the better overall pick (we rate it 4.5/5 vs 4.5/5). It's especially strong if you want households with heavy grocery and gas spend who want maximum cash back.. 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?
CIBC Dividend Visa Infinite Card: 2.5% foreign transaction fee. Scotia Momentum Visa Infinite + Card: 2.5% foreign transaction fee.