Scotia Momentum® No-Fee VISA*

The Scotia Momentum No-Fee VISA is a low-interest rewards credit card available to people with credit scores of 650 or higher. The minimum credit limit is $500 and there are no annual fees.

The most attractive perk offered by the Scotia Momentum No-Fee VISA is the introductory special that freezes the interest rate at 7.99%—by comparison, the standard rate for most credit cards is 19.99%—for the first six months. It's available to cardholders who apply for an account by June 30, 2019. Users will always enjoy competitive rates for cash advances and balance transfers (22.99%).

While the reduction in interest is only temporary, other features of the Scotia Momentum® No-Fee VISA are here to stay. The card generates reward points that pay for all sorts of everyday purchases. Users earn 1% cash back on recurring bill payments as well as at select gas stations, grocery stores, and drug stores. All other types of purchases are eligible for 0.5% cash back.

Why get the Scotia Momentum® No-Fee VISA card?

Rent cars for less - Need to rent a car? You’ll appreciate the Scotia Momentum No-Fee VISA card. Users save 20% on rentals at participating AVIS locations worldwide.

Optional protections are available - For a low monthly rate—on an average daily balance of $100, it amounts to $0.95 —you’re covered in the event you experience disability, job loss, strike or lockout, critical illness or loss of life.

Room for more - A second Scotia Momentum No-Fee VISA card is available at no extra cost. Add a friend or family member to the account to kick your points collection into overdrive.

Lots of quick payment options - Making payments becomes even less of a hassle with the Scotia Momentum No-Fee VISA card. Users can choose between paying with VISA payWave, My Mobile Wallet, VISA Checkout, and Apple Pay.