Scotia Momentum® Visa Infinite +* Card vs Wealthsimple Credit Card
The short answer: for most people the Scotia Momentum® Visa Infinite +* Card is the better overall card — we rate it 4.5/5 and it shines if you want households with large grocery and bill spending who want maximum cash back.. Choose the Wealthsimple Credit Card instead if your priority is no-fee, no-fx everyday cash back — especially for wealthsimple clients.
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| Our rating | 4.5 | 4.4 |
|---|---|---|
| Annual fee | $120/yr | No annual fee |
| Welcome bonus | $300 | None |
| Foreign transaction fee | 2.5% | None |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 20.99% | 20.99% |
| Income required | $60,000 personal | None stated |
| Best for | Households with large grocery and bill spending who want maximum cash back. | No-fee, no-FX everyday cash back — especially for Wealthsimple clients |
| Apply now | Apply now |
Scotia Momentum® Visa Infinite +* Card
Our winnerCanada's perennial best-cash-back-card winner: 4% on groceries and recurring payments plus strong insurance easily outearns the annual fee for most families.
Wealthsimple Credit Card
A standout no-fee card: a flat 1% with zero foreign transaction fees is rare, and Wealthsimple clients can push it to 2%. A no-fuss everyday and travel card.
Frequently asked questions
Is the Scotia Momentum® Visa Infinite +* Card or the Wealthsimple Credit Card better?
For most Canadians, the Scotia Momentum® Visa Infinite +* Card is the better overall pick (we rate it 4.5/5 vs 4.4/5). It's especially strong if you want households with large grocery and bill spending who want maximum cash back.. The Wealthsimple Credit Card can still win if you specifically want no-fee, no-fx everyday cash back — especially for wealthsimple clients.
Which card has the lower annual fee?
The Wealthsimple Credit Card has the lower annual fee (no annual fee vs a $120 annual fee).
Do either of these cards charge foreign transaction fees?
Scotia Momentum® Visa Infinite +* Card: 2.5% foreign transaction fee. Wealthsimple Credit Card: no foreign transaction fee.