Updated: March 20, 2014 at 3:26 AM
ScotiaBank Momentum Infinite Visa
This card offers 4% cash back on gas and groceries, and 1% on everything else. It also has an annual fee of $99. Compared to the MBNA Smart Cash, you would need to spend $5000 a year on gas and groceries to break even. That's a $100 a week. If you spend more than $5000 on gas a groceries that accept VISA a year, then this card is the better choice. Note that No Frills, a popular grocery store, does not accept VISA.
For me, personally, I do shop at No Frills and do no fill up $100 a week on gas.
http://www.scotiabank.com/ca/en/0,,86,00.html
Verdict: Recommended only for those who spend more than $5000 on gas and groceries on stores that accept VISA