No-Fee Scotia Momentum VISA Card

Consumer (Premium) Card Offer from Scotiabank.

Basic Information

  • 7.99% introductory interest rate on purchases for the first 6 months†
  • 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

7.99%* Intro APR

6 months*Intro APR Period

Good*Credit Needed

See Terms*Grace Period

N/A*Late Payment Fee

APR: 19.99%*
Card Network:VISA
Card Type:- Instant Decision Card
- Reward Card

Card Review

Product Rating:
Ratings (4.5 out of 5)

Looking for a no annual fee credit card that offers a great interest rate, the financial backing of both ScotiaBank and Visa and an opportunity to earn cash back? Look no further than the Scotia Momentum Visa. While it's certainly a cash back credit card offer, you're sure to appreciate the many other benefits that come with it. Card members enjoy 1 percent cash back on all of their eligible purchases, whether it's a trip to the supermarket, a last minute errand to the local drug store or if you stopped to fuel up because of the lower gas prices, using your ScotiaBank Visa can result in cash back. You'll earn a half percent cash back on other qualifying purchases, too. You'll want to explore the program as a whole in order to ensure your favorite merchants are included. Credit cards just got much more attractive. And really, isn't it about time? Visit the site to learn more or apply today.

The review is prepared by staff. Opinions expressed therein are solely those of the reviewer.

Rewards & Benefits

Reward Types:- CashBack Reward Cards
- Gas Reward Cards
- Universal Reward Cards
Rewards:- 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
Other Benefits:- Scotia Credit Card Protection (optional)
- Visa payWave
- My Mobile Wallet
- AVIS car rental discounts
*See terms and conditions of the card for other benefits
Credit Reporting:Yes

Card Finance & Rates

Introductory APR:7.99%*
Applied Towards:Purchases
Introductory Period:6 months*
APR on Purchases: 19.99%*
Annual Fee:$0*
Minimum Credit Line:$500

Balance Transfers

Balance Transfer:Yes*

Cash Advances

APR on Cash Advances:22.99%

Other Fees

Additional Fees: Foreign Currency Conversion fee: 2.5%
Dishonored payment fee: $48


The introductory 7.99% interest rate applies to purchase only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by defined date (see website for details) the ("Offer End Date") will continue for 6 months from that date ("the Promotional Period"). After the Promotional Period, balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases that applies on your Account. Offer applies to new Accounts only opened by defined date (see Terms & Conditions of the offer). Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer.

The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.

* The information provided for the No-Fee Scotia Momentum VISA Card is considered to be accurate at the time of posting (Apr 19, 2020). However, we strongly advise site visitors to check the fees, terms and conditions applicable to the product on the card issuer's application page prior to completing an application.

Application Security

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