Scotia Momentum® Mastercard®* Credit Card

Scotia Momentum® Mastercard®* Credit Card

A Scotia Mastercard credit card with up to 1% cash back. Introductory interest rate of 7.99% on purchases for the first six months.

Welcome Bonus

None Ends Feb 28, 2022

Best For

Year 1


Years 2 and +


Annual Fee


Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

Your Monthly Spending


  • 7.99% introductory interest rate on purchases for the first 6 months (20.99% after that)1
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases



Fees & Conditions

Personal Income $12,000
Household Income $12,000
First Additional Card $0
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.99%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)


Offer ends on Feb 28, 2022


All Spending 0.5%
Drugstores 1%
Groceries 1%
Convenience Stores 0.5%
Gas 1%
Telecom/Internet 0.5%
Local Transport 0.5%
Streaming services 0.5%
Dining and Food delivery 0.5%
Online transactions 0.5%
Recurring Payments 1%
Office Supplies 0.5%
Travel 0.5%
Entertainment 0.5%