Scotia Momentum® Visa* Card  🇨🇦

Scotia Momentum® Visa* Card  🇨🇦
Welcome Bonus
Get a 2.99% introductory interest rate with 0% fee on balance transfers for the first 6 months
Ends Oct 31, 2024
Annual Fee
$39
  • Balance Transfer Offer
Interest rates
Purchase Rates
19.99 %
Cash Advance Rates
22.99 %
Balance Transfer Rates
22.99 %

Momentum Visa Fre
Scotia Momentum® Visa* Card
Get a 2.99% introductory interest rate with 0% fee on balance transfers for the first 6 months
Ends Oct 31, 2024
Apply Now

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). Offer ends Oct 31,2024
  • Earn 2% cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill 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, 2024

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

Insurance Name
Included
Amount
Duration
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

Insurance Name
Included
Amount
Duration
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.

Frequently Asked Questions

Alternative Cards

  • 4% cash back on groceries
  • Visa Infinite Benefits
Learn More
  • SPECIAL OFFER Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends 31 Oct 2024.
  • Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
  • Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
  • Earn 1% cash back on all other purchases with no cash back limit.
Legal

*Conditions apply.

Annual Fee
  • Primary card $120
  • Additional card $50
Annual Income Required
  • Individual $60,000
  • Household $100,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.99 %
  • Balance Transfer Rates 22.99 %
Earning Rate
  • Groceries4%
  • Recurring Payments4%
  • Telecom/Internet4%
Value
  • Year 1 $848
  • Year 2+ $408
Best For
Transfer Partners
  • Cash back

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$1,000,000
15 day(s)
Travel medical insurance up to 64 years old
$1,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • Digital Exclusive Offer†
  • 4% cash back on gas, EV charging, and grocery purchases†
  • Visa Infinite Benefits
Learn More
Best Cash Back Credit Card in 2023

Welcome Offer: Get a first-year annual fee rebate and earn 10% cash back welcome bonus of up to $250 (first 4 statements)!

After that, get 4% cash back on eligible gas, EV charging, and grocery purchases.

  • 2% cash back on eligible transportation, dining purchases and recurring payments
  • 1% cash back on all other purchases
  • Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®

Save on gas with CIBC and Journie Rewards

Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.

This is a digital-exclusive offer. To be eligible for this offer:
1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and
2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.

This offer is reserved for you. Please do not forward it to anyone else. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.

Legal

Terms and Conditions apply

Annual Fee
  • Primary card $120
  • Additional card $30
Annual Income Required
  • Individual $60,000
  • Household $100,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.99 %
    21.99 % (QC)
  • Balance Transfer Rates 22.99 %
    21.99 % (QC)
Earning Rate
  • Groceries4%
  • Gas4%
  • Dining and Food delivery2%
Value
  • Year 1 $881
  • Year 2+ $391
Best For
Transfer Partners
  • Cash back

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
10 day(s)
Travel medical insurance up to 64 years old
$5,000,000
10 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • 0% introductory interest rate on Balance Transfers for the first 10 months (12.99% after that; annual fee $29). Plus no annual fee in the first year. Offer ends 31 Oct 2024.
  • Save up to hundreds of dollars a year on interest
  • Low interest rate of 12.99%
  • Pay down higher interest rate balances faster
  • Transfer higher rate balances and save even more
Legal

*Conditions apply.

Annual Fee
  • Primary card $29
  • Additional card $0
Annual Income Required
  • Individual $12,000
  • Household $12,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 12.99 %
  • Cash Advance Rates 12.99 %
  • Balance Transfer Rates 12.99 %
Value
  • Year 1 $0
  • Year 2+ $-29
Best For

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
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
3 Milesopedia Rating