When can I redeem my cash back rewards ?

Instant redemption has been available since February 1, 2026, for all Scotia Momentum Visa cards, with a minimum accumulation of $25 via the Scotia app or Scotia online.

Are annual fees increasing on all Momentum cards?

Only the Scotia Momentum Visa will see its fees increase from $39 to $49 annually. Other Momentum Visa cards will retain their current fees.

Can I still wait for the annual redemption instead of cashing out at $25?

Yes, you have the choice. You can cash out from $25 or let your rewards accumulate longer according to your preferences.

Jean-Maximilien Voisine

Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries—many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.

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