Scotia Momentum® No-Fee Visa* card

Scotia Momentum® No-Fee Visa* card
Welcome Bonus
Up to $100 cash back
Ends Oct 31, 2022
Annual Fee
$0
  • No annual fee
Interest rates
Purchase Rates
19.99 %
Cash Advance Rates
22.99 %
Balance Transfer Rates
22.99 %

Offer

  • Special Offer: Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0). Offer extended Oct 31, 2022
  • Get up to 1% cash back on eligible purchases with no annual fee.

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 Rates 22.99%
Balance Transfer
Balance Transfer Intro Duration 6 month(s)
Balance Transfer - Promotional Rate 2.99%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Oct 31, 2022
Welcome Bonus amount Up to $100 cash back
Minimum Spending Required $2,000
Minimum Spending Timeframe (Months) 3 month(s)

Earnings

Per dollar of purchases

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

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

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
Purchase Protection
Mobile Device Insurance
Price Protection

Alternative Cards

Get an extra 15% back* on everyday purchases.
  • Apply for a Tangerine Money-Back Credit Card by September 30th, 2022 and earn an extra 15% back (up to $150) when you spend up to $1,000 in everyday purchases within your first 2 months.*
  • Get a low promotional interest rate of 1.95% on balance transfers for 6 months
  • Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
  • No limit on the amount of Money-Back Rewards you can earn. Change your 2% Money-Back Categories to suit your spending.
  • Purchase protection and Extended Warranty
Legal

Terms and conditions apply.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $12,000
  • Household $12,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 19.95 %
  • Cash Advance Rates 19.95 %
  • Balance Transfer Rates 19.95 %
Earning Rate
  • All Spending0.5%
  • Groceries0.5%
  • Gas0.5%
Value
  • Year 1 $270
  • Year 2+ $120
Best For
Transfer Partners
  • Cashback

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
  • No annual fee
  • Purchase Insurance
  • Accepted at Costco
  • 1% cashback on purchases in restaurants and eligible recurring pre-authorized payments
  • 0.5% cashback on other eligible purchases
  • Mobile protection: Get insured against theft or damage for up to 2 years following the purchase of your mobile device
Legal

Description of promotion:

New cardholders will get a 8% cashback on purchases in restaurants and eligible recurring pre-authorized payments charged to their National Bank® mycredit® Mastercard® credit card.

Promotion period:

The client must apply for the mycredit Mastercard between June 1st and August 31, 2021. Eligible purchases must be carried out within 3 months of the date the credit card account is opened.

Promotional cashback limits

New cardholders will get an 8% cashback on purchases in restaurants and eligible recurring pre-authorized payments during the promotion period, up to a maximum of $1,500 in eligible purchases and payments. If this $1,500 maximum is exceeded and after the promotion period, the regular cashback rate of 1% will apply to purchases in restaurants and eligible recurring pre-authorized payments.

Calculating promotional cashbacks

The cashback is calculated on net purchases over a 3-month period, starting on the account opening date. The transaction date used is the date transactions are charged to the account (not the date they are carried out). For example, if the account is opened on June 15, the account holder will have until September 15 to carry out eligible purchases and payments.

Net purchases refer to the amount in purchases and payments charged to the account less returns and refunds. Annual fees, balance transfers, cash advances, cash transactions, interest charges and any other fees and adjustments are not included in the calculation.

How will the cashback be applied to the account?

The cashback earned under this promotion will be applied to the account in two ways, provided the account is in good standing when the cashbacks are awarded:

  • Regular cashback: The cashback earned at the cashback program’s regular rate (1%) will be credited monthly to the credit card account, in accordance with the terms and conditions of the program.
  • Bonus cashback: The cashback earned at the bonus rate (7%) will be credited to the credit card account in a single instalment at the latest at the 5th statement following account opening.

Example:

The cashback program’s regular rate for purchases in restaurants and eligible recurring pre-authorized payments is 1%. Under this promotion, clients will earn a bonus 7% cashback on these purchases and payments, for a total 8% cashback until the end of the promotion period. If you charge a total of $1,500 in eligible purchases and payments to the card, the cashback credited to your account will be calculated as follows:

  • (1) Regular 1% cashback X $1,500 = $15 credited to your account (applied monthly)
  • (2) Bonus 7% cashback X $1,500 = $105 credited to your account in a single instalment at the latest at the 5th statement following account opening

Definitions

Purchases in restaurants: Any purchase made with the eligible card in a food and beverage establishment or on the website of a food and beverage establishment, such as a restaurant, fast food restaurant, bar, nightclub or pub (once they are permitted to be open), whose associated Mastercard merchant code is 5812, 5813 or 5814. Purchases at restaurants made through independent delivery services are eligible, although there may be some exceptions.

Recurring pre-authorized payments: Regular payments that are automatically collected from your credit card by a biller. Example: Monthly cell phone payments.

Eligibility and terms and conditions

This promotion is intended for individuals who do not have a National Bank Mastercard credit card and have not held a National Bank credit card within the last 24 months. The promotion does not apply to additional cards. It cannot be combined with any other National Bank promotion. Employees of National Bank and its subsidiaries and entities are not eligible for this promotion. The credit card is issued subject to credit approval by National Bank. The offer may be modified, extended or cancelled, without prior notice, at any time.

All other terms and conditions of the cashback program continue to apply during the promotion period. See terms and conditions

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Dining and Food delivery1%
  • Recurring Payments1%
  • Telecom/Internet1%
Value
  • Year 1 $148
  • Year 2+ $148
Best For
Transfer Partners
  • Cashback

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

Welcome Offer: Get 5% cash back for the first 4 statements on net purchases ofup to $2,000 (up to $100 cash back).†

After that, get 2% cash back on eligible grocery purchases and up to 1% on everyday purchases like books, movies, food and more†!

  • 1% cash back on eligible gas, transportation, dining purchases and recurring payments†
  • 0.5% 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 your CIBC Dividend® Visa* Card with Journie Rewards to automatically 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, you must apply for a new eligible card using the “Apply Now” link available on this webpage.†

Legal

†Conditions Apply

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual
  • Household $15,000
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
  • Groceries2%
  • Gas1%
  • Dining and Food delivery1%
Value
  • Year 1 $338
  • Year 2+ $238
Best For
Transfer Partners
  • Cashback

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
$100,000
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
3 Milesopedia Rating