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Scotia Momentum® No-Fee VISA Card review

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Advertiser Disclosure

Interest Rate: Purchases
Balance Transfer
22.99% (1.99% for the first 6 months)
0.5 - 1% cashback
Signup Bonus

Informr score
The Scotia Momentum® No-Fee VISA Card currently has an Informr score of 8.4 out of 10. This score is based on our evaluation of 4 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Scotia Momentum® No-Fee VISA Card 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
Yes Have a minimum personal income of $12000.

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...

Hustler MoneyBlog

If 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.

- Bryan Huynh, Hustler MoneyBlog

This card from Scotiabank lets you earn 1% cash back on all purchases at gas stations, grocery stores, drug stores, and even recurring bill payments, as well as 0.5% on all other purchases – not bad for a no fee card.

- creditcardGenius

The most attractive perk offered by the Scotia Momentum No-Fee VISA is the introductory special that freezes the interest rate at 7.99%—by comparison, the standard rate for most credit cards is 19.99%—for the first six months. 


This card is the ultimate tool to take on those daily errands. From filling up the tank to grabbing dinner on the way home, you’ll be earning your way to a cash back payout.

- Penelope Graham, Ratesdotca


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99% (1.99% 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
  • 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
Sign up bonus

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)

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.

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
Additional comments
Terms & Conditions Official Terms & Conditions
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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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