A long time ago I spoke about Scotiabankâ€™s new Momentum Visa Card (article can be found here); to recap, it has a special cash back program, which allows you to earn up to 2% on eligibly purchases.
Generally, you would earn 2% cash back on purchases such as gas, groceries, recurring payments and at the drug store. Every other purchase would give you 1% cash back.
The current promotion being offered allows you to earn 2% cash back on ALL purchases when you sign up now for the Scotiabank Momentum Visa card.
You would be earning 2% cash back for 3 months, rather for the first 3 statements.
This is a pretty great offer, as you are maximizing the amount you earn back from using your credit card.
On a side note, Scotiabank has put in its agreement that if your net annual purchases are over $100,000, this being a combination of both 1 -2% cash back levels, or you exceed your credit limit on a monthly basis, they may choose not to credit cash back.
This offer will be around for quite some time, giving you time to decide whether you want the Scotiabank Momentum Visa card or not; the offer expires October 31st, 2010.
If you want to apply today, click here.