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Scotia Momentum® VISA* Card

Scotia Momentum® VISA* Card

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Network Provider
Balance Transfer
Annual fee
Purchase interest rate
Cash advance rate
Balance transfer rate
2.99% 22.99% after 6 months
Credit Needed
Good (650-749)

Card Features

  • Extended Warranty
  • Purchase Security
  • Rental Car Discounts

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.

With 4% 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 grocery stores, pharmacies, and on 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: 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.

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