¹ Offer Description and Terms: The introductory rate of 7.99% applies only to qualifying purchases, subject to the terms and conditions below (the “Offer”). This introductory rate is effective upon opening the Scotia Momentum Mastercard Credit Card Account (the “Account”) on or before July 4, 2022 and remains in effect for six months from that date (the “Promotional Period”). After the promotional period, the interest rate on your balances covered by the 7.99% promotional rate (including any outstanding balances) will change to the interest rate normally applicable to purchases (currently 20.99%). If you don’t pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 27.99% on cash advances (including balance transfers,Scotia^® Credit Card Cheques and cash-like transactions)). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers,Scotia^® Credit Card Cheques or cash-like transactions), interest, fees or other charges. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Eligibility and Exclusions : Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Payment Allocation: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.

Rates and Fees: There is currently no annual fee for the primary card and no fee for each additional supplementary card.

The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia^® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change.