Get this card

Scotia Momentum® No-Fee VISA* Card
Apply Now- Network Provider
- VISA
- Provider
- Scotiabank
- Types
- RewardsLow InterestNo Fee
- Annual fee
- $0
- Purchase interest rate
- 7.99% 19.99% after 6 months
- Cash advance rate
- 22.99%
- Balance transfer rate
- 22.99%
- Credit Needed
- Good (650-749)
Card description
- 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that; annual fee $0)◊
- Cash back on everyday spending with no annual fee
- 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
- 0.5% cash back on all other eligible everyday purchases
- Rates, fees and other information are effective as of Nov 1, 2020. Subject to change.
Card Features
- Rental Car Discounts
About This Card
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 February 28, 2021. Unpaid balances on the card are charged 24.99% interest. The rate for cash advances and balance transfers on this card is 27.99%.
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.