What are the annual fees for the Scotia Momentum Visa Card?

The card has an annual fee of $39.

What are the interest rates for purchases and cash advances?

The rate is 19.99% for purchases and 22.99% for cash advances.

What cashback does this card offer?

It offers 2% cash back on eligible purchases at gas stations, grocery stores, drugstores and on recurring payments, and 1% cash back on all other eligible purchases.

Are there any discounts for car rentals?

Yes, discounts of up to 25% are available at Avis and Budget.

What are the card's contactless payment options?

It includes Visa payWave for fast payments and Apple Pay.

Are additional cards available?

Yes, additional cards are available at extra cost.

What insurance coverages are included with the card?

It offers purchase insurance and extended protection on most items purchased.

Momentum Scotiaᴹᴰ Visa* card

Offer

Get a 2.99% introductory interest rate with 0% fee on balance transfers for the first 6 months (22.99% after that; annual fee $39). The offer ends on October 31, 2025.
Earn 2% cash back on all eligible purchases at gas stations, grocery stores, drugstores and on recurring payments.
Earn 1% cash back on all other eligible purchases.

Fees & Conditions

Personal Income $12,000

Household Income $12,000

Annual Fee $39

First Additional Card $15

Other Additional Card $15

Foreign Transaction Fee 2.5%

Purchase Rates 19.99%

Cash Advance Rates 22.99%

Balance Transfer Rates 22.99%

Balance Transfer

Balance Transfer Intro Duration 6 month(s)

Balance Transfer - Promotional Rate 2.99%

Balance Transfer Fees 0%

Advantages

Offer ends on Oct 31, 2025

Earnings

Per dollar of purchases

All Spending 1 %

Groceries 2 %

Gas 2 %

Dining and Food delivery 1 %

Convenience Stores 1 %

Drugstores 2 %

Local Transport 1 %

Travel 1 %

Entertainment 1 %

Recurring Payments 2 %

Telecom/Internet 1 %

Streaming services 1 %

Online transactions 1 %

Office Supplies 1 %

Insurance

Travel Insurance

Travel Medical Insurance

Travel medical insurance up to 54 years old

Travel medical insurance up to 64 years old

Travel medical insurance 65+

Trip Cancellation Insurance

Trip Interruption Insurance

Common Carrier Travel Accident Insurance

Flight Delay Insurance

Delayed Baggage Insurance

Lost/Stolen Baggage Insurance

Auto Rental Loss/Insurance

Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Extended Warranty

1 year

Purchase Protection

90 day(s)

Mobile Device Insurance

Price Protection

Our review

The Scotia Momentum Visa Card is a great cash-back credit card in Canada.

With the Scotia Momentum Visa Card, you get:

2% on eligible gas station, grocery store and drug store purchases and recurring bill payments
1% cash back on everything else

This is a perfect Visa credit card to earn cash back rewards.

And you can get a 2.99% introductory interest rate with 0% fee on balance transfers for the first 6 months.

Milesopedia Links

Frequently Asked Questions

What are the annual fees for the Scotia Momentum Visa Card?

The card has an annual fee of $39.
What are the interest rates for purchases and cash advances?

The rate is 19.99% for purchases and 22.99% for cash advances.
What cashback does this card offer?

It offers 2% cash back on eligible purchases at gas stations, grocery stores, drugstores and on recurring payments, and 1% cash back on all other eligible purchases.
Are there any discounts for car rentals?

Yes, discounts of up to 25% are available at Avis and Budget.
What are the card's contactless payment options?

It includes Visa payWave for fast payments and Apple Pay.
Are additional cards available?

Yes, additional cards are available at extra cost.
What insurance coverages are included with the card?

It offers purchase insurance and extended protection on most items purchased.