Scotia Momentum^® Visa* Card

1 Offer description and conditions: The 0.99% introductory rate on balance transfers offer (the « Offer ») applies only to cash advances (including balance transfers and quasi-cash transactions, collectively referred to as « cash advances »), subject to the conditions below. This introductory rate applies from the opening of the account, which must occur between July 2 and January 3, 2027 (regardless of the date on which you apply for the account), and remains in effect for nine months from that date (the « promotional period »). After the promotional period, the interest rate on cash advances covered by the 0.99% promotional rate (including any balance of these cash advances unpaid at the end of the promotional period) will change to the preferred interest rate applicable to cash advances (currently 22.99%). A fee of 2% of the amount of any cash advance made during the promotional period applies ($5.00 minimum fee).

The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account. The Offer may be modified, cancelled or extended at any time without notice, and it cannot be combined with any other offer.

Cancellation of promotional rate: If we do not receive your minimum payment before its due date shown on your statement twice consecutively, you will lose the benefits of this special rate offer and your interest rates on any unpaid balance will change to the annual rates normally applicable to your account (currently 24.99% for purchases and 27.99% for cash advances). This offer cannot be used to transfer the balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account. All other program conditions continue to apply during the offer period.

Application of payments: Your payment cannot be applied to the balance of your choice. For persons residing in Quebec: Generally, if one or more interest rates apply to your account, we apply payments according to the interest rate(s) that apply to the transactions posted to your account (from the highest rate to the lowest). For persons not residing in Quebec: Generally, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your account. Charges are grouped according to the interest rate applicable to them. Consult your credit card agreement to learn more about how payments are applied to your account.

Eligibility and exclusions: You cannot take advantage of the Offer if you are currently a primary or secondary cardholder of a Scotiabank personal credit card or if you have been one in the past two years, including if you transfer your balance from an existing Scotiabank personal credit card account (and subject to the exclusions mentioned, persons holding a Scotiabank business credit card are eligible for this offer). By accepting this Offer, you confirm that you meet all eligibility conditions. We reserve the right to revoke this Offer at any time if we believe you do not meet the eligibility conditions, including after its acceptance or obtaining the Account.

Rates and fees: The current annual fees are $49 for the primary card and $15 for each additional card (including those issued for joint account holders and additional cardholders). The preferred annual interest rates currently applicable to the account are as follows: 20.99% on purchases and 22.99% on cash advances. All rates, fees, features and benefits, which are described in the statement relating to the application, may be changed.