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.
- Enoch Omololu, SAVVY New CanadiansThe Scotia Momentum Visa card offers an acceptable level of cash back rewards. Using the $25,000 limit for 2% earnings, you can earn up to $500 in cash back from your annual spending on groceries, gas, recurring bill payments, and drugstore purchases. This does not include the 1% cash back rate on a...
- MoneyGeniusWhile lacking premium perks and benefits, this Scotiabank cash back credit card has a solid earn rate in 4 everyday spending categories, includes extended warranty and purchase protection, and it's all for a low annual fee. It lost some points for having minimal included insurance, lacking most othe...
- Mohamed Konate, My Rate CompassThe Scotia Momentum® Visa* Card can be considered much better than its counterpart, the Scotia Momentum® Mastercard® * Credit Card. However, it also requires you to pay a $39 annual fee. This card gives you 2% back on all your purchases, which includes gas stations, purchases, recurring bill payment...
- Bryan Huynh, Hustler MoneyBlogIt offers up to 2% cashback on gas, groceries and recurring payments with an additional 1% cashback on all other eligible purchases. There is a low annual fee of $39 but it is justified by the many bonuses and benefits that this card has to offer. If you’re looking for an everyday card, then definit...
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% 2.99% for the first 6 months |
Rates & Fees | |
Annual Fee | $39.00 |
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 | No |
Rewards | |
All Purchases | 1% cash back |
Restaurants | No |
Gas | 2% cash back |
Groceries | 2% cash back |
Hotels | No |
Travel | No |
Pharmacy | 2% cash back |
Bills |
2% cash back On recurring payments |
Features & Benefits | |
Additional Card Holders |
$15 per year for each card |
Travel Accident Insurance | No |
Car Rental Insurance | No |
Car Rental Discount | Yes |
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, 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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