Which has the lower annual fee, BMO CashBack World Elite Mastercard or Scotia Momentum Visa Infinite?

Both cards have the same annual fee of $120.

Which card is better for groceries, BMO CashBack World Elite Mastercard or Scotia Momentum Visa Infinite?

The BMO CashBack World Elite Mastercard earns 5% on groceries, while the Scotia Momentum Visa Infinite earns 4%. The better choice depends on your grocery spending and the specific merchants you shop at.

BMO CashBack World Elite Mastercard vs Scotia Momentum Visa Infinite — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

BMO CashBack World Elite Mastercard wins by $291/yr — strongest in groceries

Scotia Momentum Visa Infinite earns $143 more on groceries
Scotia Momentum Visa Infinite earns $96 more on bills & utilities
$470 welcome bonus advantage

Groceries: +$143Bills & Utilities: +$96Gas: +$36

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

BMO CashBack World Elite Mastercard: $30/yr in foreign transaction fees

Scotia Momentum Visa Infinite: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$1,193

/first year

2.8% effective$99/mo

vs 1% no-fee card: +$774

Annual rewards earned+$743

Welcome bonus+$480

First-year fee waiver+$120

FX costs−$30

Annual fee−$120

Grocery cap reached at $6,000 — remaining $6,780 earns at base rate (losing ~$271 vs uncapped)

Total lost to caps: $271/yr across 1 category

$902

/first year

2.2% effective$75/mo

vs 1% no-fee card: +$483

Annual rewards earned+$922

Welcome bonus+$10

First-year fee waiver+$120

FX costs−$30

Annual fee−$120

Best for your spendingBMO CashBack World Elite Mastercard—$1,193Year 1 value

+$291 more than Scotia Momentum Visa Infinite

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Downgrade

Coming soon

The Bottom Line

BMO CashBack World Elite Mastercard wins by $291/yr — strongest in groceries

Scotia Momentum Visa Infinite earns $143 more on groceries
Scotia Momentum Visa Infinite earns $96 more on bills & utilities
$470 welcome bonus advantage

Groceries: +$143Bills & Utilities: +$96Gas: +$36

Showing Year 1 analysis

Year-over-Year

Year 1

BMO CashBack World Elite Mastercard

by $291 — welcome bonus advantage

Year 2+

Scotia Momentum Visa Infinite

by $179 — ongoing earn advantage

BMO CashBack World Elite Mastercard wins Year 1 thanks to a better welcome bonus, but Scotia Momentum Visa Infinite earns more ongoing. Consider how long you plan to hold the card.

Things to Consider

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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