Scotia Momentum VISA Card

Consumer (Premium) Card Offer from Scotiabank.

Basic Information

  • 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)◊
  • 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

2.99%* Intro APR

6 months on BT*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 out of 5)

There are countless credit card offers that Canadian consumers can choose from today, but only one delivers more of what they're really looking for. The ScotiaBank Momentum is not only a great rewards credit card, but it offers many more benefits as well.

From the latest in safety technology, the comparable APR and tons of other great services, you'll find exactly what's been missing in financial products for far too long. ScotiaBank safety features surpass even industry standards and the Visa logo lets you use your card with confidence, no matter where in the world you are.

Learn more about this partnership between ScotiaBank and Visa today. As always, carefully review the terms and conditions with this and any financial offer you consider. Have questions? We can answer those too. Knowing the benefits, terms and conditions is empowering and after all, when it comes to our finances, that's something that matters to all of us.

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:- 2% on eligible gas station, grocery store and drug store purchases and recurring bills
- 1% cash back on all other eligible purchases
Other Benefits:- Visa payWave
- My Mobile Wallet
- Special Discounts on AVIS Car Rentals
- Scotia Credit Card Protection (optional)
*See terms and conditions of the card for other benefits
Credit Reporting:Yes

Card Finance & Rates

Introductory APR:2.99%*
Applied Towards:Balance Transfer, Cash Advance, Checks
Introductory Period:6 months on BT*
APR on Purchases: 19.99%*
Annual Fee:$39*
Minimum Credit Line:$500

Balance Transfers

Balance Transfer:Yes*
Transfer Fee:1.00%
Minimum Fee:$3.50

Cash Advances

APR on Cash Advances:22.99%
Cash Advance Fee:1.00%
Minimum Fee:$3.50

Other Fees

Additional Fees: Foreign Currency Conversion fee: 2.5%
Supplementary card Holder annual fee: $15
Dishonoured Payment Fee: $48


The introductory 2.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by the defined period (see website for details) (the "Offer End Date") and will continue for 6 months from that date ("the Promotional Period"). This offer cannot be used to transfer a balance from another Scotiabank Account or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotiabank® Credit Card Cheques and cash-like transactions) that applies on your Account. 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.

A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions).

The information provided for the Scotia Momentum VISA Card is considered to be accurate at the time of posting (Apr 27, 2019). However, we strongly advise site visitors to check the terms and conditions applicable to the product on the card issuers application page prior to completing an application.

Application Security

Please note that all applications feature secure SSL technology for your online protection.

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