Cash Back
Balance Transfer
Rewards
Scotia Momentum® Visa* Card
Scotiabank®
Get a 0.99% introductory balance-transfer rate for 9 months.*
Welcome Bonus:
Get a 0.99% introductory balance-transfer rate for the first 9 months.*
Balance Transfer:
0.99% introductory balance-transfer rate for 9 months; 2% fee applies.*
Exclusive Ratebuddy Rebate
$75 cash rebate
Get $75 Ratebuddy Cash Rebate
Secure RateBuddy connection · Application completed on Scotiabank®’s site
Annual Fee
$49
Purchase APR
20.99%
Cash Advance
22.99%
RateBuddy Verdict
RateBuddy Take
The Scotia Momentum Visa Card offers a straightforward cash-back structure for everyday spending, with 2% cash back across several common household categories and 1% on other eligible purchases. The introductory 0.99% balance-transfer rate for nine months adds useful promotional value, while flexible cash-back redemption, Shell fuel value, car-rental savings and purchase protection broaden the card's everyday appeal.
The Good
- Earn 2% cash back on eligible groceries, drugstore purchases, gas, electric-vehicle charging, transit, recurring bills and subscription services.
- Earn 1% cash back on other eligible purchases and redeem a Cash Back balance of $25 or more at any time.
- The introductory 0.99% balance-transfer rate is complemented by Shell fuel value, Avis and Budget savings, Purchase Security and Extended Warranty Protection.
The Trade-offs
- The card has a $49 annual fee and a $15 annual fee for each supplementary card.
- The 0.99% introductory balance-transfer rate lasts nine months, carries a 2% fee per cash advance and changes to 22.99% afterward.
- A Cash Back balance of at least $25 is required before a redemption can be completed.
Rewards & Earnings
Groceries
2%
Dining
1%
Gas
2%
Travel
1%
Recurring Bills
2%
Base Rate
1%
Rewards Summary:
Earn 2% cash back on eligible groceries, food delivery and food subscriptions, drugstore purchases, gas, electric-vehicle charging, daily transit, recurring bill payments and eligible recurring subscriptions. Earn 1% cash back on all other eligible purchases. Primary and co-borrower cardholders can redeem a Cash Back balance of $25 or more at any time through Scotia online or mobile banking.
Welcome Bonus Details
Get a 0.99% introductory interest rate on balance transfers for the first nine months. A 2% fee per cash advance applies, and the standard 22.99% cash-advance rate applies after the promotional period. The annual fee is $49. Eligibility restrictions and conditions apply.*
Features & Benefits
Everyday Cash Back
Value: 2
Earn cash back on every purchase
Value: 1
Extended Warranty Insurance
Value: 1
Purchase Security Insurance
Value: 90
Additional Perks
Get up to 7¢/L in value at participating Shell Canada stations, redeem Cash Back balances of $25 or more at any time, save up to 25% off eligible Avis and Budget base rates, and access Scotia SelectPay for eligible purchases. Conditions apply.
Insurance Coverage
Built-in Purchase Security protects most eligible new purchases against theft, loss or damage for 90 days. Extended Warranty can double the original manufacturer's warranty for up to one additional year. Optional Scotia Credit Card Protection is available separately.
Rates, Fees & Eligibility
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $49 |
| Supplementary Card Fee | $15 |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
Cardholder Reviews
A detailed view of approved RateBuddy community feedback for this card.
Be the first to share a cardholder perspective.
Approved reviews build this card’s score and detailed ratings breakdown.
No approved reviews yet
No public user reviews yet. Share your experience to help others compare this card.
Reviews are moderated before publication. RateBuddy does not publish reviewer email addresses or sensitive financial information.
Filed Under
Cash Back
Balance Transfer
Rewards
Secure RateBuddy connection