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Scotia Momentum for business Visa review

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Advertiser Disclosure

Annual Fee
$79.00
Interest Rate: Purchases
19.99%
Interest Rate: Purchases
19.99%
Balance Transfer
22.99% (2.99% for the first 6 months)
Balance Transfer
22.99% (2.99% for the first 6 months)
Rewards
1 - 3% cashback
Rewards
1 - 3% cashback
Signup Bonus
-
Signup Bonus
-


8/10
Informr score
The Scotia Momentum for business Visa currently has an Informr score of 8 out of 10. This score is based on our evaluation of 2 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Scotia Momentum for business Visa is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


My Rate Compass
My Rate Compass

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 ow...

- Mohamed Konate, My Rate Compass
creditcardGenius
creditcardGenius

It comes with 4 different types of insurance, giving you and your business extra security when making purchases for your business or while traveling. To top it off, the Scotia Momentum for Business Visa Card will give new cardholders an introductory balance transfer rate of 0.99% for 6 months. So if...

- creditcardGenius

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99% (2.99% for the first 6 months)
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $79.00
Balance Transfer Fee 5%
Cash Advance Fee $5.00
  • For transactions processed by Scotiabank, any financial institution in Canada, Scotiabank ABM, any non-Scotiabank ABM displaying Interac+ symbol
  • $7.50 for transactions obtained at any ABM or processed by any financial institution outside of Canada
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus No
Rewards
All Purchases 1% cash back
Restaurants 3% cash back (on first $50000 spent)
Gas 3% cash back (on first $50000 spent)
Groceries No
Hotels No
Travel No
Pharmacy No
Bills 3% cash back (on first $50000 spent)

On recurring payments

Additional Details

3% cash back (on first $50000 spent) on office supplies purchase

Features & Benefits
Additional Card Holders

$29 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Paywave
Virtual Cards No
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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