 Hello everyone, this is Amit Dan and on this channel you will find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is Amit Dan of amitdan.com. You are watching one of my great card videos and today I'll talk about the changes coming to the Scotiabank Momentum Visa Infinite Great Card. If this is your first time here on this channel, I do travel videos, videos on credit card points and viewers and most likely this is the only channel or site where you are going to find non-affiliated, unbiased and honest opinions about credit cards. Because 99% of the other sites you are looking at online, they are actually affiliated and working for the credit card companies. And they are selling the credit cards on those sites so you are not going to get honest opinions and unbiased opinions from them. That's why Canadians are coming to my site to get honest and unbiased opinions on credit cards. And yesterday I had a video about the Scotiabank Gold American Express credit card and today basically I'm doing the second part of the video which is the upcoming changes coming to the Scotiabank Momentum Visa Infinite Credit Card. Now these changes are not confirmed yet so I'm just assuming that you know what these sites leaked are true and the changes are supposed to take effect starting August 1st 2019. So if you'd like to see the Scotiabank Gold American Express video, I'll provide the link in the description box below and today I'll talk about the Scotiabank Momentum Visa Infinite Credit Card. If you compare the changes which are coming to the Scotiabank Gold American Express and Scotiabank Momentum Visa Infinite Credit Card, it looks like to me that the changes that are coming to the Scotiabank Momentum Visa Infinite are not that exciting like the American Express Gold Credit Card because the American Express Gold Credit Card is removing the foreign currency transaction fee, adding some more benefits which I talked about yesterday and let's look at the benefits or changes that are coming to the Scotiabank Momentum Visa Card. So the first thing you'll notice that the annual fee is no longer going to be $99 for primary and $30 for the additional card holders. It is going to be $120 and $50 and the next change I can see here is that the reverse structure. So our rate is still going to be 44% on the grocery and there's a new category being added to the 4% list which is the recurring bill payments and the 2% is now have gas and daily transit. So the gas is moving from 4% category to 2% category and the new category daily transit is being added to the 2% and everything else and drugstore purchases remain at 1%. In the past one drugstore would be at 2% category. And the travel medical insurance there's no change. If you're looking at the American Express Gold then we saw there that they are no longer giving the coverage for over $65 but this card didn't have any coverage for over $65. So there's nothing changed here but the one thing which is changing here that this card didn't have any trip cancellation insurance but now you're going to have trip cancellation insurance which is a new feature added to this card and there's no change in trip interruption insurance. And if you look at all other insurances for example flight delay baggage and travel accident, collision loss damage and purchase security extended warranty there's no changes but we see a new category for insurance which is the mobile insurance or cell phone insurance and you would be able to get $1,000 up to $1,000 for loss to stolen or broken or accidental damage due to the accidental damage coverage which we didn't see it before so this is a new category. And visa infinite benefits it's not changing because these changes are related to the visa infinite so Scotiabank has no kind of changes these benefits. Anyone who has a visa infinite card actually has the same benefits which are mentioned right here for example the concierge, the music service and wine wonders so these benefits. So the main difference between this card and the American Express Gold Scotiabank card is the 5% category the American Express has for some items 5% but this card is 4%. Looks like to me that the Scotiabank Gold American Express is a better option to have rather than the Scotiabank Visa Infinite card but I believe they are trying to increase the benefits on the Scotiabank Momentum card due to the fact that some people do not want to have any American Express Great Card so they can go with the new Scotiabank Momentum Visa Infinite Great Card if these changes make sense. For example if you are okay with the 4% which is still a very high return on grocery and bill payments and 2% on gas then this is a card for you but this card is still charging a foreign currency transaction fee and it doesn't provide any launch benefits or anything but in terms of insurance the insurance looks like they are good insurances and so Scotiabank is trying to capture those who are looking for a cashback credit card but they still would like to have travel benefits accesses so this is kind of a travel cashback credit card. And the other thing is that the annual fees going up as well are $20 and $50. So overall comparison definitely Scotiabank Gold American Express is a better card in every way except that you know it is American Express network card so it may not be accepted everywhere but Scotiabank Momentum is a Visa card so it has more acceptance than American Express. So that's all I wanted to talk about today. If you like what you see please give it a thumbs up and subscribe if you do not like the video definitely you can also like and you can leave a comment and if you like you can also leave a comment. So don't forget to subscribe because there will be a lot more videos coming up so I'll see you shortly. Thank you.