Scotia Momentum® No-Fee VISA* Card

1.  Offer Description and Conditions: The Introductory 0.00% Balance Transfer Rate and First Year Annual Fee Waiver Offer (the "Offer") applies only to new Scotiabank Value Visa credit card accounts ("Accounts") that are opened by October 31, 2022 subject to the conditions below. We will waive the initial annual fee for the primary card issued before April 30, 2023 on the Account for the first year only. All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Introductory 0.00% Balance Transfer Rate Offer Description and Conditions: The Introductory 0.00% Rate Offer (the "Rate Offer") applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively "Cash Advances") subject to the conditions below. This introductory rate applies when the new Account is opened by October 31, 2022 and will continue for 6 months from date of Account opening (the "Promotional Period"). After the Promotional Period, the promotional 0.00% interest rate on any Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). A Balance Transfer fee of 1% of the amount of each Balance Transfer transferred during the Promotional Period applies.

If you don't pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).

This Rate Offer is subject to any available limit for Cash Advances on your Account. This Rate Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account.

In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.

First Year Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card issued before October 31, 2022 on the Account for the first year only.

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

All rates, fees, features and benefits are subject to change.