Scotia Momentum® No-Fee Visa* Card Review
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
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Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
19.99%
Purchase Interest Rate
NA
Min Personal Required
Scotia Momentum®  No-Fee Visa* Card
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My Rate Compass Rating: star star star star star_outline (4)
Bank Name:Scotiabank
Network Type:VISA
Scotia Momentum® No-Fee Visa* Card
Welcome Bonus
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
Annual Fee
$0
Scotia Momentum®  No-Fee Visa* Card
Card Details

Scotia Momentum® No-Fee Visa* Card Review

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (19.99% on purchases/22.99% on cash advances including balance transfers after that; annual fee $0).

Great reasons to get this card for your everyday purchases

Gas Stations

1%

Grocery Stores

1%

Drug Stores

1%

Recurring Bill Payments

1%

Plus earn 0.5% cash back on all other eligible purchases.

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) Yes
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
  • 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 No-Fee Visa 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 No-Fee Visa card.

Save time at the checkout

Tap your Scotia Momentum No-Fee Visa* Card or your smartphone for quick easy payments.

Get a Supplementary Card

Add an additional Supplementary Cardholder to your Scotia Momentum? No-Fee Visa* Card Account. One account, multiple cards. Added benefits! Get an additional card for a friend or family member.

Editor's Review

The Scotia Momentum® No-Fee Visa* Card is a convenient card that can be accessed by anyone, even by new residents of Canada who have no credit history. This no-fee card gives you some amazing offers, Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months. After this initial period, you'll pay around 22.99% interest.

 

This card gives you 1% on all eligible purchases, including groceries, gas, bill payments and drugs. The minimum credit limit is $500, so you can quickly request $1,000 in the first month and only pay back $79 in interest.

 

This card from Scotiabank is an excellent addition to any Canadian resident who wants a steady rate on their regular purchases without having to pay an annual fee. You can earn cashback effortlessly on hydro, phone payments or monthly rent.

 

Of course, you can also use the Scotia Momentum® No-Fee Visa* Card to save up to 25% on car rentals. Order a supplementary card for free and enable your spouse or partner to save their own 1% when going to the store, when travelling by car or when paying the monthly bills.