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As of February 1, 2026, Scotiabank has enhanced its Momentum Visa cards by allowing reward redemptions starting at $25 and adding new accelerated rates for food delivery and transportation.
So, no more waiting for the annual cash back redemption every November!
As of February 1, 2026, you can redeem your cash back rewards as soon as your balance reaches $25, via the Scotia app or Scotia online. This enhancement applies to all cards in the Momentum lineup:
Previously, cardholders had to wait until November each year to automatically receive their cash back, and could do nothing to receive it when they wanted.
The Scotia Momentum Visa Infinite Card adds the food delivery category to earn 2% cash back to its accelerated categories. Here is the new structure:
We particularly recommend this card for services like Chexy, which allows you to pay recurring bills such as rent, municipal taxes, income taxes, or other expenses using a credit card. The 4% cash back exceeds the fees charged by Chexy.
There is also an improvement in the offer for the Scotia Momentum Visa Card, with public transit, ridesharing, and food delivery added to its 2% cash back accumulation.
The downside is that the annual fee increases from $39 to $49.
The Scotia Momentum® No-Fee VISA* Card also adds public transit, ridesharing, and food delivery, but at 1%.
Finally, the Scotia Momentum Visa for Business* Card also adds 2% cashback on shipping services and accounting services.
The annual wait was the main weakness of these cards. With redemptions starting at $25 whenever you want and new categories for transit and delivery, Scotiabank is aligning itself with current market standards.
Savings are this way (if you don’t see the signup form, click here):
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