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Scotia Momentum® VISA*

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Card details
Network provider
VISA
Provider
Scotiabank
Card types
Rewards
Balance Transfer
Credit needed
Good
Fees and interest
Annual fee
$39
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
2.99%
22.99% after 6 months
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)
Features
  • Extended Warranty
  • Purchase Security
  • Rental Car Discounts

The Scotia Momentum Visa is a low-fee cash-back credit card aimed at people with good credit scores — generally 650 and higher.

With 2% cash back, the Scotia Momentum Visa’s cash-back rate is a competitive one in the low or no-fee credit card space. However, it only applies to purchases made at gas stations, grocery stores, pharmacies, and on recurring bill payments. You'll also have to spend $3,000 on the card to receive that earn rate. Everywhere else, the card will earn 1%.

There's also an introductory offer: 2.99% on all balances transferred onto the card for the first six months (plus a $3.50 fee).  

The card comes with a small annual fee of $39, although that’s waived for the first year. Outstanding balances will accrue interest at a 19.99% annual rate, while cash advances, Scotia Credit Card Cheques, and balance transfers are subject to a 22.99% interest rate.  

Why get the Scotia Momentum® VISA?

Divide and conquer - Add an additional cardholder to your account for $30 and earn even more cash back. For your convenience, all transactions made by your account, including additional cards, will appear on the same statement. 

Discounts on car rentals - Cardholders get discounts of up to 20% at any of the approximately 5,500 AVIS locations worldwide.

Purchase Security & Extended Warranty Protection - Most items purchased with your card are insured against theft, loss, or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year.

Just tap and go - It’s quick and easy to shop with Visa PayWave-enabled cards. Add your card to Apple Pay or Android Pay and don’t even worry about having to dig a card out of your wallet ever again.