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

Scotia Momentum Mastercard Credit Card review

•7.99% introductory interest rate on purchases for the first 6 months (20.99% after that)

• 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

Make everyday purchases quickly and safely with just a tap of your contactless-enabled Mastercard or device

  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 20.99%
  • 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 on Car rentals

As a Scotia Momentum Mastercard Cardholder, you can save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotia Momentum Mastercard Credit Card.

Get Access to Exciting Experiences with Mastercard

As a Scotia Momentum Mastercard Credit Card cardholder, your card gives you access to handpicked experiences from Mastercard in cities around the world.

Costco Wholesale

Mastercard is the only credit card accepted at Costco warehouses in Canada.

Editor's Review

The Scotia Momentum® Mastercard® * Credit Card is a standard card that gives you a 20.99% interest rate on purchases and 22.99% on cash advances. It comes with no annual fee and gives you back 1% on all purchases.


However, what sets this product apart from the market is the 7.99% introductory interest rate for 6 months


This card, despite being without any cost, gives you some great perks and benefits. Here are some of them below:


- Gain access to handpicked Mastercard experiences in Canada

- Get a free supplementary card for your spouse, friend or family members

- Enjoy 24-hour access to the Mastercard Global Services

- Be able to purchase from Costco wholesale

- Save up to 25% on car rentals

- Zero liability protection: you'll not be held responsible for unauthorized purchases made with your card

- Get optional protection in the event of hospitalization, disability, loss of employment or death

Overall, it is a great credit card with a low promotional rate of 7.99% on purchases for the first 6 months.
This no-fee cashback credit card also has solid features enough to make it ideal for people who want to build their credit.