Am I eligible?
To get this card, you must also:
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...
- Simon Ikuseru, WalletBlissOverall, you can’t make this wrong choice with this card if you’re looking for a no-fee credit card with competitive introductory balance transfer interest, car rental discounts, and optional comprehensive insurance.
- Maya Reynolds, Wealth RocketThe Scotia Momentum No-Fee Visa Card is a great choice if you are looking to get your first credit card or require an affordable credit card without the bells and whistles. If you make daily purchases at grocery stores, pharmacies, and gas stations or use your credit card for recurring bill payments...
- Enoch Omololu, SAVVY New CanadiansThe Scotia Momentum No-Fee Visa is a no-frills, no-fee cash back card from one of Canada’s big five banks. You can apply for this card with an average credit score and a personal annual income of $12,000. The card is convenient to use, offering a variety of quick payment options including Visa payWa...
- creditcardGeniusHere we have a basic no annual fee credit card. But, it's far from perfect – there are better no annual fee credit cards out there.
- Bryan Huynh, Hustler MoneyBlogIf you are looking for a fee-free card that gives you a decent return on your daily purchases, we found the perfect credit card for you! The Scotia Momentum® No-Fee Visa Card will allow the cardholder to earn up to 1% cashback on gas, groceries, drug store purchases and recurring payments.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 19.99% |
| Balance Transfer Interest Rate | 22.99% (0% for the first 6 months) |
| Cash Advance Interest Rate | 22.99% |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee | $5.00 |
| Cash Advance Fee |
$5.00
|
| 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 |
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) |
| Rewards | |
| All Purchases | 0.5% cash back |
| Restaurants | No |
| Gas | 1% cash back |
| Groceries | 1% cash back |
| Hotels | No |
| Travel | No |
| Pharmacy | 1% cash back |
| Bills |
1% cash back On recurring payments |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | Yes |
| Extended Warranty | No |
| Purchase Protection | No |
| 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, Apple Pay |
| Virtual Cards | No |
| Additional Benefits |
Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. |
| 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 |
$12,000 per year |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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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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