How it works
When you apply for the Scotiabank Momentum Visa Infinite Card through Chexy and use it to pay your bills, you can earn upto $1,000 back in your first year from three different sources of cashback and rewards.
Here's what's included:
10% cashback on your first $2,000 in purchases (first 3 months) — from Scotiabank
4% cashback on every Chexy payment (ongoing, on up to $25,000/year in eligible spend) — from Scotiabank
$240 in Chexy Cash ($5 per payment, up to $20/month for 12 months) — from Chexy
Eligible card
This promotion is available exclusively for the Scotiabank Momentum Visa Infinite Card on applications made on or after April 11, 2026, until June 30, 2026. If you applied for the card prior to this, you aren't eligible for the offer.
To qualify, you must apply using the link provided by Chexy, either within the Rewards Calculator or after setting up your first payment on Chexy.
Please note: Applications made directly through Scotiabank or through other referral channels are not eligible for the Chexy-specific portions of this promotion.
First payment fee waiver
If you create your Chexy account from chexy.co/cashback and activate your first payment on April 11, 2026 or later, Chexy will waive the fee on your first payment up to $3,000, assuming you're using a Canadian-issued credit card on a personal Chexy account.
If your payment is greater than $3,000, or you're charged a higher fee (for example, because you're on a business account or using an internationally issued credit card), Chexy will apply an equivalent fee discount ($52.50) instead of a full waiver.
This first-payment fee waiver cannot be combined with other Chexy promotions and is not available to existing Chexy users.
Breaking down the cashback
Here's how the cashback adds up if you make $2,000/month in payments through Chexy. There are three sources of cashback working together:
Scotia 10% welcome bonus (Month 1): In your first three months, Scotiabank offers 10% cashback on your first $2,000 in purchases.
In Month 1, this means $200 in cashback from Scotia alone.
Months 2 and 3 continue earning at the standard 4% rate on Chexy payments, since the $2,000 cap is reached in Month 1 in this example.
Scotia 4% ongoing cashback (Months 2–12): All Chexy payments qualify as recurring bill payments under Scotiabank's 4% cashback category. At $2,000/month, that's $80/month in cashback.
Chexy Cash (Months 1–12): Once you've been approved for the Scotiabank Momentum Visa Infinite, you'll earn $20/month in Chexy Cash on top of your Scotia rewards (see Chexy Cash section below for details).
The below chart assumes that your $2,000 in spend is spread out across 4 separate payments (i.e. rent, utilities, insurance, childcare).
Month | Payments | Scotia Cashback | Chexy Cashback | Total Cashback | Less Chexy Fee | Net Gain |
Month 1 | $2,000 | $200.00 | $20.00 | $220.00 | $35.00 | $185.00 |
Months 2–12 | $2,000/mo | $80.00/mo | $20.00/mo | $100.00/mo | $35.00/mo | $65.00/mo |
Total | $24,000 |
|
| $1,320.00 |
| $900.00 |
Your total cashback before fees is $1,320 across the year. After accounting for Chexy's processing fees, your net gain is approximately $900.
This cashback is available to both existing and new Chexy users. Just apply for the Scotiabank Momentum Visa Infinite using the link provided by Chexy, either within the Rewards Calculator or after setting up your first payment on Chexy. You must be approved for the card.
How Chexy Cash works
Chexy Cash is a reward you earn on top of the cashback from your Scotiabank card. Here's how it works:
You earn $5 in Chexy Cash per payment, for up to 4 payments per month, for 12 months, for a maximum of $240 in Chexy Cash over the year
The 12-month earning period is based on the anniversary date of your card approval, not your Chexy account creation date.
Chexy Cash must be used towards future Chexy recurring payments. It cannot be cashed out or transferred. It cannot be used towards one-time payments.
Chexy Cash is credited to your account after your payment is completed. This means after your bill pay is sent, your e-Transfer is deposited, your PAD is withdrawn, or your EFT is sent.
Chexy Cash cannot be combined with other Chexy promotions.
Scotiabank Momentum Visa Infinite: Terms & Conditions
For the terms related specifically to the Scotiabank Momentum Visa Infinite Card and its cashback program or offers, see here. Chexy is not responsible for changes Scotiabank may make to these terms.