Scotia Momentum for Business VISA Review
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
Scotia Momentum for Business VISA
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:Scotiabank
Network Type:VISA
Scotia Momentum for Business VISA
Welcome Bonus
Annual Fee
Scotia Momentum for Business VISA
Card Details

Scotiabank Momentum® for business Visa* Card review

Great Reasons To Get This Card For Your Everyday Business Purchases


Gas Stations




Office Supplies


Recurring Bill Payments

Plus, Earn cash back On All Other Eligible Business Purchases

  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
  • Annual Fee: $49
  • Additional Card Fee: $29
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Save when you shop

With Visa SavingsEdge receive discounts on your business purchases.

Organize and track business expenses

Spending on your Scotia Momentum for business Visa Account is consolidated into one monthly statement. Transactions made by Supplementary Cardholders are easily identified on your statement.

Start a cash flow

Make the most of your card. Consolidate all your recurring payments on your card and turn them into cash back rewards!

Editor's Review

The Scotiabank Momentum® for business Visa* Card is an appealing cashback card for business owners in Canada who want to get back as much as 3% for all of their purchases. This unique card comes with a $49 annual fee and 22.99% interest rate on cash advances, credit card cheques and balance transfers. However, that's pretty much the only negative aspect about it.


In terms of positive aspects, this card offers you up to $100k in credit limit, gives you supplementary cards, and a whopping 3% back on food, gas and other purchases. It also lets you benefit from a first-year annual fee waiver.


To get onboard, Scotiabank gives you a unique 6-month 2.99% rate which is perfect for balance transfers and paying off your debt. In terms of complimentary services, this credit card allows you to save when shopping thanks to the Visa SavingsEdge, better organize and track your business expenses, consolidate your debt, add unlimited employees for $29, and get many other perks.

Scotiabank Momentum® for business Visa* Card gives you up to $1 million travel insurance, $500 per flight delay, $500k as carrier insurance, $1,250 per lost baggage per group, and $1,000 in hotel/motel burglary.

The Scotiabank Momentum Business Visa helps business owners organize and track expenses with ease while rewarding them for everyday purchases. With up to 3% cash back and an introductory low balance transfer rate, this business credit card is ideal for startups with pre-existing debt and business owners looking to expand.