Scotia Momentum® No-Fee Visa* card

Scotia Momentum® No-Fee Visa* card

A no-fee Scotia Credit Card with up to 1% cash back. Introductory interest rate of 1.99% on balance transfers for the first six months.

Welcome Bonus

Up to $100 cash back Ends Nov 21, 2021



Best For

Annual Fee


Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates


  • Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).1
  • Plus, get a 1.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0)1
  • Earn Cash back on regular purchases and no annual fee.
  • 1% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
  • Plus earn 0.5% cash back on all other eligible purchases.
  • Rates, fees and other information are effective as of Mar 1, 2021. Subject to change.

Fees & Conditions

Personal Income $12,000
Household Income $12,000
Annual Fee $0
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Balance Transfer


Offer ends on Nov 21, 2021
Welcome Bonus Up to $100 cash back
Minimum Spending Required $2,000
Rewards Type Cash Back
Transfer Partners Cashback
Loyalty Program Cashback
All Spending 0.5
Groceries 1
Gas 1
Drugstores 1
Online transactions 0.5
AIR MILES partners 0.5
Air Canada 0.5
Streaming services 0.5
Recurring Payments 1


We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)


Calculation of the offer value
in the first year
Value per point 1.0 ¢
Welcome bonus $100
Annual fee $0
Value $100



3 Milesopedia Rating