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Scotia Momentum® VISA* Card

Scotia Momentum® VISA* Card

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Network Provider
Balance Transfer
Annual fee
$39 $0 for the first year
Purchase interest rate
Cash advance rate
0% 22.99% after 6 months
Balance transfer rate
0% 22.99% after 6 months
Credit Needed
Good (650-749)

Card description

Welcome Offer:  0.00% introductory interest rate on Cash Advances for the first 6 months (22.99% after that). Plus annual fee waived for the first year1.

  • Cash back with low annual fee
  • 2% on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 1% cash back on all other eligible everyday purchases
  •  Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.

About This Card

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

The Scotia Momentum Visa’s cash-back rate is a fairly competitive one in the low or no-fee credit card space. Purchases made at grocery stores, pharmacies, recurring bill payments, gas and daily transit expenses will earn you 2% cash back. Everywhere else, the card will earn 1%.

There's also an introductory offer for people who open an account by June 30, 2023: Get a 0.00% introductory interest rate on balance transfers for the first six months (after that, the interest rate is 22.99%).  

The card comes with a small annual fee of $39 that is waived in 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.

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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 June 30, 2023 subject to the conditions below. We will waive the initial annual fee for the primary card issued before June 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 April 30, 2023 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 April 30, 2023 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.

High praise for

May 19
Very simple and quick
Very simple and quick
Shannah B
May 17
Customer service was great
Customer service was great
May 17
Good service and information
Good service and information
May 17
questions answered
questions answered
Aaron Ridsdale
May 16
Excellent customer seevice
Excellent customer seevice
Dave Roach
May 13
Agent listened and answered all…
Agent listened and answered all questions. She was very thorough and quick!
Ben Reginella
May 11
Simply professional and pleasant
Simply professional and pleasant Thank you 👍
Eric Ifrah
May 11
Very polite and explained themselves…
Very polite and explained themselves well
Marilyn Bergeron
May 10
Easy & Professional
Easy, fast, efficient & professional.
May 9
Great service
Great service Very pleasant to talk to
Joesph Vachon
May 6
Fast and easy
They phoned me literally within 30 seconds after my search and helped answer all...
Haley Adkins
May 5
I got the lowest rates I was looking…
I got the lowest rates I was looking for. Thank you.
Muhammed Ibrahim
May 4
Great service. Quick results .
Had a great experience with LowRates !
Amani Elasad
May 4
Quick and easy to follow
Quick and easy to follow, Follow up was with 2 hours, Saved a lot of money!
Robert Spero
April 28
Great overall experience
From start to finish they were on top of everything. Got the best rate I could f...