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Scotia Momentum® Visa Card review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
Interest Rate: Purchases
Balance Transfer
22.99% (2.99% for the first 6 months)
Balance Transfer
22.99% (2.99% for the first 6 months)
1 - 2% cashback
1 - 2% cashback
Signup Bonus
Signup Bonus

Informr score
The Scotia Momentum® Visa Card currently has an Informr score of 7.9 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® 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...

SAVVY New Canadians
SAVVY New Canadians

The 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...

- Enoch Omololu, SAVVY New Canadians

While 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...

- MoneyGenius
My Rate Compass
My Rate Compass

The 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...

- Mohamed Konate, My Rate Compass
Hustler MoneyBlog
Hustler MoneyBlog

It 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...

- Bryan Huynh, Hustler MoneyBlog


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
  • 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 No
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.

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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