New at Scotiabank: Faster Cash Back Redemption and New Momentum Cards Earn Rates
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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!
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| Annual feeFirst Year Annual Fee Rebate$120 $0First Year Annual Fee Rebate | Welcome offerAfter $2,000 in 3 months Up to $300 Cash BackEnds Nov 1, 2026 After $2,000 in 3 months | ||
| Annual fee$49 | Welcome offerFor 9 months 0.99% on balance transfersEnds Jan 3, 2027 For 9 months | ||
| Annual fee$0 | Welcome offer+ 0.99% introductory rate on balance transfers for the first nine monthsAfter $2,000 in 3 months Up to $100 cash backEnds Nov 1, 2026 + 0.99% introductory rate on balance transfers for the first nine monthsAfter $2,000 in 3 months |
Redeem Your Cash Back Anytime with Momentum Cards
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.
New Cash Back Earn Rates for Momentum Cards
Scotia Momentum Visa Infinite +: 2% on Food Delivery
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:
- 4%: Groceries and recurring bill payments
- 2%: Gas, public transit, and food delivery
- 1%: All other eligible purchases
- Annual feeNo annual fee the first year
- $0 $120
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$300Annual fee rebated$120Total$420Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $420
- Welcome offerAfter $2,000 in 3 months
- Up to $300 Cash Back
- Ends Nov 1, 2026
Apply Now
on Scotiabank's website
The Scotia Momentum® VISA Infinite*+ card is recognized, year after year, as one of the best cash back credit cards in Canada. Milesopedia has even named it best cash back credit card in 2026.
Currently, thanks to this promotional offer, the Scotia Momentum Visa Infinite+ Card has no annual fee for the first year, including on additional cards. And you can get 15% cash back on all your purchases for the first three months (up to $2,000 in total purchases).
It also includes a new convenient benefit for travellers: enjoy 10 GB of free GigSky global mobile data for 15 days, as well as access to Travel Essentials to use essential apps like messaging, maps, and email while on the go. Cardholders also continue to receive 1 GB of free GigSky mobile data per year, plus a 20% discount on future GigSky purchases.
With the Scotia Momentum® VISA Infinite+ card, you get:
- 4% cash back on grocery purchases and recurring payments
- 2% cash back on gas purchases, public transit, carpooling, and food delivery
- 1% cash back on all other purchases
For example, if you spend $1,000 per month on grocery purchases and/or recurring payments, you will get $40 cash back per month, or $480 per year, with this card, for this purchase category. And that’s not counting the other purchases you make with this card and the benefits it offers (including its excellent insurance coverage).
Also note that you can use your cash back at any time (the cash back balance must be at least $25).
Legal
1 Offer Terms and Description: The 15% cash back, 0% introductory balance transfer rate, and first-year annual fee waiver offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite+ credit card accounts (the “Accounts”) opened, and any additional cards issued, between July 2, 2026, and November 1, 2026 (regardless of the date you apply for the Account), subject to the terms and conditions set out below. We will waive the initial annual fees, for the first year only, for the primary card and for each additional card. The Offer may be changed, cancelled, or extended at any time, without notice, and cannot be combined with any other offer.
Description and Terms of the 15% Cash Back Offer: You will receive 15% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following its opening date (the “Promotional Period”). Eligible purchases mean purchases, minus refunds, returns, and any similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, and card and other fees. After the Promotional Period, you will earn the usual cash back on your purchases, at the regular rate (the “Program Cash Back Rate”) described in the Scotia Momentum Visa Infinite+ cash back program terms (the “Program Terms”). The 15% cash back rate for each category is the sum of the regular cash back rate (which varies by category) and the bonus cash back rate that varies during the Program Cash Back Rate (the “cash back rate”).
The cash back earned under this offer will be credited to your Account, provided it is open and in good standing on the cash back payment date.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be credited to your Account approximately 5 months following its opening date, or otherwise, in accordance with the Program Terms.
2. Regular Cash Back Rate: Cash back earned at the Program Regular Cash Back Rate may be used as described in the Program cash back.
EXAMPLE: If the Program Regular Cash Back Rate for grocery purchases and recurring payments is 4%, the Bonus Cash Back Rate will then be 11% for that purchase category, so that all eligible everyday purchases in this category will qualify for a total cash back of 15% during the Promotional Period, on the first $2,000 in purchases. If you make eligible everyday purchases at grocery stores and recurring payments totalling $2,000, the cash back credited to your Account for this category will be calculated as follows:
(1) a Bonus Cash Back of $220 (11% x $2,000), credited as an adjustment on your statement, and (2) the Regular Cash Back of $80 (4% x $2,000), which will appear on your monthly statements as it is earned.
All other program terms continue to apply during the Offer period.
Description and Terms of the 0% Introductory Balance Transfer Offer: The 0% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the conditions below. This introductory rate applies for 12 months from this date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances covered by the 0% promotional rate (including any outstanding balance of such cash advances at the end of the Promotional Period) will revert to the preferred interest rate applicable to cash advances (currently 22.99%). A fee corresponding to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).
The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.
Cancellation of the promotional rate: If we do not receive your minimum payment by its due date shown on your statement twice in a row, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances).
Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.
Description and Terms of the Annual Fee Waiver Offer: We will waive the annual fees, for the first year only, for the primary card and for each additional card issued between July 2, 2026, and November 1, 2026.
Eligibility and Exclusions: You are not eligible for this Offer if you are currently a primary or secondary holder of a Scotiabank personal credit card or have been within the last two years, including if you transfer your balance from a Scotiabank personal credit card account and if you are a Scotiabank employee. Subject to the exclusions mentioned above, holders of a Scotiabank small business credit card are eligible for this Offer. By accepting this Offer, you confirm that you meet all eligibility requirements. We reserve the right to revoke this Offer at any time if we determine that you do not meet the eligibility requirements, including after its acceptance or the opening of the Account.
Rates and Fees: The current annual fees are $120 for the primary card and $50 for each additional card (including those issued for co-account holders and additional cardholders). The current preferred annual interest rates applicable to the Account are: 20.99% on purchases and 22.99% on cash advances. Rates, fees, features, and benefits, which are described in the application disclosure, may be changed.
Savings at Shell
Cardholders with a Scene+ membership who link their Scotia Momentum® Visa Infinite +* Card and their Scene+ account to a Shell Go+ Account can get up to 7 cents per litre in instant fuel discounts, cash back, and Scene+ points value when they purchase eligible fuel with their linked credit card:
- Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.
- Earn 2 cents per Litre in cash back: When you use your Scotia Momentum® Visa Infinite +* Card on Fuel Purchases (All Grades) you will earn 2% cash back on eligible Net Purchases (up to an annual spend limit of $25,000) at Gas Stations (Merchant Category Codes (“MCC”): 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn cash back. This benefit is subject to the Scotia Momentum® Visa Infinite +* Card cash back Program Terms and Conditions.
- Scene+ Members earn up to 2 cents per Litre in Scene+ points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power® gasoline or V-Power® diesel purchased (“Premium Fuel Purchases”). Scene+ points value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.
Note: Highest value of 7 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum® Visa Infinite +* Card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.
Additional 3¢/L at Shell (limited time)
Additional 3¢/L Fuel Discount Offer: Offer valid from October 5, 2026 to December 31, 2026 (“Promotional Period”), eligible Scotiabank credit and debit cardholders enrolled in the Shell Fuel Benefits Program who have linked an eligible Scotiabank payment card (an “Eligible Card”) to their Shell Go+ account will receive an additional instant fuel discount of 3 cents per litre on eligible fuel purchases at participating Shell-branded retail locations in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and the Northwest Territories (the “Eligible Provinces”) excluding Shell Flying J locations. Fuel purchases made outside the Eligible Provinces are not eligible for this offer.
To receive the additional fuel discount, customers must pay with their linked Eligible Card at the time of purchase.
The additional fuel discount is in addition to the fuel savings available through the Shell Fuel Benefits Program and may be combined with other eligible fuel discounts, rewards programs, and promotional fuel offers unless otherwise stated in the applicable offer terms and conditions.
The additional fuel discount is available on up to 1,000 litres of eligible fuel purchases per calendar month for each Eligible Card. The 1,000-litre limit resets at the beginning of each calendar month.
The additional fuel discount is non-transferable, is not redeemable for cash, and cannot be substituted or exchanged.
Participation in the Shell Fuel Benefits Program is subject to the applicable program terms and conditions available at Scotiabank Fuel Benefit Terms and Conditions.
Shell Canada reserves the right to make changes to this offer and to terminate the offer at any time, for any reason and without notice.
All other applicable terms and conditions of the Shell Fuel Benefits Program, Shell Go+ and Scotiabank continue to apply.
Annual fee
Primary card$120
Additional card$50
Annual income required
Individual$60,000
Household$100,000
Conversion fees
2.5%
Earning rate
- 4xGroceries
- 4xBills & recurring payments
- 4xTelecom
- 2xGas
- 2xTransit
- 2xStreaming
- 1xAll spending
Value
1st Year Value$1,212
2nd Year Value$408
Card benefits
Concierge service24/7
Travel insurance
Travel medical (under 55)Up to $1,000,000 / 15 days
Travel medical (55-64)Up to $1,000,000 / 15 days
Trip CancellationUp to $1,500
Trip InterruptionUp to $2,000
Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Travel AccidentUp to $500,000
Purchase protection
Purchase ProtectionIncluded
Extended Warranty+1 years
Mobile DeviceUp to $1,000 / 1 years
Auto Rental CollisionUp to $65,000 / 48 days
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.
Scotia Momentum Visa: Three New 2% Categories
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.
- 2%: Gas, groceries, pharmacies, recurring bill payments, public transit, ridesharing, and food delivery
- 1%: All other eligible purchases
- Annual fee
- $49
- Welcome offerFor 9 months
- 0.99% on balance transfers
- Ends Jan 3, 2027
Apply Now
on Scotiabank's website
The Scotiabank Momentum Visa Card is an excellent cash back credit card in Canada.
With the Scotiabank Momentum Visa Card, you get:
- 2% cash back on purchases at grocery stores and drugstores, and on meal delivery services and meal kit subscriptions
- 2% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and rideshare trips
- 2% cash back on eligible recurring bill payments such as utilities and fitness club memberships
- 2% cash back on eligible subscriptions such as video streaming services or music streaming
- 1% cash back on all other eligible purchases
It is a very good Visa credit card for cash back. Also note that you can use your cash back at any time (the cash back balance must be at least $25).
In addition, you can benefit from an introductory rate of 0.99% on balance transfers for the first nine months (2% fee per cash advance).
Legal
1 Offer description and conditions: The 0.99% introductory rate on balance transfers offer (the « Offer ») applies only to cash advances (including balance transfers and quasi-cash transactions, collectively referred to as « cash advances »), subject to the conditions below. This introductory rate applies from the opening of the account, which must occur between July 2 and January 3, 2027 (regardless of the date on which you apply for the account), and remains in effect for nine months from that date (the « promotional period »). After the promotional period, the interest rate on cash advances covered by the 0.99% promotional rate (including any balance of these cash advances unpaid at the end of the promotional period) will change to the preferred interest rate applicable to cash advances (currently 22.99%). A fee of 2% of the amount of any cash advance made during the promotional period applies ($5.00 minimum fee).
The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account. The Offer may be modified, cancelled or extended at any time without notice, and it cannot be combined with any other offer.
Cancellation of promotional rate: If we do not receive your minimum payment before its due date shown on your statement twice consecutively, you will lose the benefits of this special rate offer and your interest rates on any unpaid balance will change to the annual rates normally applicable to your account (currently 24.99% for purchases and 27.99% for cash advances). This offer cannot be used to transfer the balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account. All other program conditions continue to apply during the offer period.
Application of payments: Your payment cannot be applied to the balance of your choice. For persons residing in Quebec: Generally, if one or more interest rates apply to your account, we apply payments according to the interest rate(s) that apply to the transactions posted to your account (from the highest rate to the lowest). For persons not residing in Quebec: Generally, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your account. Charges are grouped according to the interest rate applicable to them. Consult your credit card agreement to learn more about how payments are applied to your account.
Eligibility and exclusions: You cannot take advantage of the Offer if you are currently a primary or secondary cardholder of a Scotiabank personal credit card or if you have been one in the past two years, including if you transfer your balance from an existing Scotiabank personal credit card account (and subject to the exclusions mentioned, persons holding a Scotiabank business credit card are eligible for this offer). By accepting this Offer, you confirm that you meet all eligibility conditions. We reserve the right to revoke this Offer at any time if we believe you do not meet the eligibility conditions, including after its acceptance or obtaining the Account.
Rates and fees: The current annual fees are $49 for the primary card and $15 for each additional card (including those issued for joint account holders and additional cardholders). The preferred annual interest rates currently applicable to the account are as follows: 20.99% on purchases and 22.99% on cash advances. All rates, fees, features and benefits, which are described in the statement relating to the application, may be changed.
Savings at Shell
Cardholders with a Scene+ membership who link their Scotia Momentum® Visa* Card and their Scene+ account to a Shell Go+ Account can get up to 7 cents per litre in instant fuel discounts, Cash Back, and Scene+ points value when they purchase eligible fuel with their linked credit card:
- Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.
- Earn 2 cents per Litre in Cash Back: When you use your Scotia Momentum® Visa* Card on Fuel Purchases (All Grades) you will earn 2% Cash Back on eligible Net Purchases (up to an annual spend limit of $25,000) at Gas Stations (Merchant Category Codes (“MCC”): 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn Cash Back. This benefit is subject to the Scotia Momentum® Visa* Card Cash Back Program Terms and Conditions.
- Scene+ Members earn up to 2 cents per Litre in Scene+ points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power® gasoline or V-Power® diesel purchased (“Premium Fuel Purchases”). Scene+ points value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.
Note: Highest value of 7 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum® Visa* Card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.
Additional 3¢/L at Shell (limited time)
Additional 3¢/L Fuel Discount Offer: Offer valid from October 5, 2026 to December 31, 2026 (“Promotional Period”), eligible Scotiabank credit and debit cardholders enrolled in the Shell Fuel Benefits Program who have linked an eligible Scotiabank payment card (an “Eligible Card”) to their Shell Go+ account will receive an additional instant fuel discount of 3 cents per litre on eligible fuel purchases at participating Shell-branded retail locations in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and the Northwest Territories (the “Eligible Provinces”) excluding Shell Flying J locations. Fuel purchases made outside the Eligible Provinces are not eligible for this offer.
To receive the additional fuel discount, customers must pay with their linked Eligible Card at the time of purchase.
The additional fuel discount is in addition to the fuel savings available through the Shell Fuel Benefits Program and may be combined with other eligible fuel discounts, rewards programs, and promotional fuel offers unless otherwise stated in the applicable offer terms and conditions.
The additional fuel discount is available on up to 1,000 litres of eligible fuel purchases per calendar month for each Eligible Card. The 1,000-litre limit resets at the beginning of each calendar month.
The additional fuel discount is non-transferable, is not redeemable for cash, and cannot be substituted or exchanged.
Participation in the Shell Fuel Benefits Program is subject to the applicable program terms and conditions available at Scotiabank Fuel Benefit Terms and Conditions.
Shell Canada reserves the right to make changes to this offer and to terminate the offer at any time, for any reason and without notice.
All other applicable terms and conditions of the Shell Fuel Benefits Program, Shell Go+ and Scotiabank continue to apply.
Annual fee
Primary card$49
Additional card$15
Annual income required
Individual$12,000
Household$12,000
Conversion fees
2.5%
Earning rate
- 2xTransit
- 2xPharmacy
- 2xBills & recurring payments
- 2xGroceries
- 2xStreaming
- 2xGas
- 1xAll spending
Value
1st Year Value$479
2nd Year Value$321
Purchase protection
Purchase ProtectionIncluded
Extended Warranty+1 years
Scotia Momentum® No-Fee VISA* Card: New 1% Categories
The Scotia Momentum® No-Fee VISA* Card also adds public transit, ridesharing, and food delivery, but at 1%.
- 1%: Gas, groceries, pharmacies, recurring bill payments, public transit, ridesharing, and food delivery
- 0.5%: All other eligible purchases
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $100
- Welcome offer+ 0.99% introductory rate on balance transfers for the first nine monthsAfter $2,000 in 3 months
- Up to $100 cash back
- Ends Nov 1, 2026
Apply Now
on Scotiabank's website
The Scotiabank Momentum No Annual Fee Visa Card is an excellent cash back credit card in Canada. Right now, you can get 5% cash back on all your purchases for the first three months (up to $2,000 in total purchases).
With the Scotiabank Momentum No Annual Fee Visa Card, you get:
- 1% cash back on purchases at grocery stores and pharmacies, as well as on meal delivery services and subscriptions to ready-to-cook meal services
- 1% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and ridesharing trips
- 1% cash back on eligible recurring bill payments such as utilities and gym memberships
- 1% cash back on eligible subscriptions such as video streaming or music streaming services
- 0.5% cash back on all other eligible purchases
It is an excellent no annual fee Visa credit card for cash back. Also note that you can use your cash back at any time (the cash back balance must be at least $25).
In addition, you can benefit from an introductory rate of 0.99% on balance transfers for the first nine months (2% fee per cash advance).
Legal
1 Offer description and terms and conditions: The 5% cash back offer and 0.99% introductory rate on balance transfers (the “Offer”) apply only to new Scotia Momentum Visa Card accounts with no annual fee (the “Accounts”) opened between July 2, 2026 and November 1, 2026 (regardless of when you apply for the Account), subject to the terms and conditions set out below. All other program terms and conditions continue to apply during the Offer period. The Offer may be changed, cancelled or extended at any time, without notice, and cannot be combined with any other offer.
Terms and conditions of the 5% cash back offer: You will receive 5% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following the date it is opened (the “Promotional Period”). Eligible purchases are purchases, less refunds, returns and any other similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, as well as card fees and other fees. After the Promotional Period, you will earn the regular cash back on your eligible purchases at the regular rate (the “Program Cash Back Rate”) described in the terms and conditions of the Scotia Momentum Visa Card with no annual fee cash back program (the “Program Terms”). The 5% cash back rate for each category is the sum of the regular Program Cash Back Rate (different for each category, as per the Program Terms) and the “Bonus Cash Back Rate” which varies during the regular program cash back rate (the “Cash Back Rate”).
The cash back earned under this offer will be credited to your account, provided it is open and in good standing on the date the cash back is paid.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be posted to your account approximately 5 months after the date it is opened or otherwise in accordance with the program terms.
Regular Cash Back Rate: Cash back earned at the regular Program Cash Back Rate can be used as described in the program cash back.
EXAMPLE: If the regular Program Cash Back Rate for grocery purchases and recurring payments is 1%, the Bonus Cash Back Rate will then be 4% for this category of purchases, so that all eligible everyday purchases in this category will qualify for a total cash back of 5% during the promotional period, on the first $2,000 of purchases. If you make eligible everyday grocery purchases and recurring payments totaling $2,000, the cash back credited to your account for this category will be calculated as follows:
(1) a Bonus Cash Back of $80 (4% x $2,000), posted as an adjustment on your statement, and (2) the regular Cash Back of $20 (1% x $2,000), which will appear on your monthly statements as earned cash back.
All other program terms continue to apply during the Offer period.
Description and terms and conditions of the 0.99% introductory rate offer on balance transfers: The 0.99% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the terms and conditions below. This introductory rate applies for nine months from that date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances subject to the 0.99% promotional rate (including any balance of those cash advances that remains unpaid at the end of the Promotional Period) will increase to the preferred interest rate applicable to cash advances (currently 22.99%). A fee equal to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).
The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.
Cancellation of Promotional Rate: If we do not receive your minimum payment by its due date indicated on your statement for two consecutive times, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances). All other program terms continue to apply during the Offer period.
Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.
Eligibility and exclusions: You cannot take advantage of the Offer if you are currently a primary or secondary cardholder of a Scotiabank personal credit card or if you have been one in the past two years, including if you transfer your balance from an existing Scotiabank personal credit card account (and subject to the exclusions mentioned, persons holding a Scotiabank business credit card are eligible for this offer). By accepting this Offer, you confirm that you meet all eligibility conditions. We reserve the right to revoke this Offer at any time if we believe you do not meet the eligibility conditions, including after its acceptance or obtaining the Account.
Rates and fees: There is currently no annual fee for the primary card and additional cards (including those issued for joint account holders and additional cardholders).
The preferred annual interest rates currently applicable to the account are as follows: 20.99% on purchases and 22.99% on cash advances. All rates, fees, features and benefits, which are described in the application disclosure, are subject to change.
Savings at Shell
Cardholders with a Scene+ membership who link their Scotia Momentum® No-Fee Visa* Card and their Scene+ account to a Shell Go+ Account can get up to 6 cents per litre in instant fuel discounts, cash back, and Scene+ points value when they purchase eligible fuel with their linked credit card:
- Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.
- Earn 1 cent per Litre in Cash Back: When you use your Scotia Momentum® No-Fee Visa card on Fuel Purchases (All Grades) you will earn 1% cash back on eligible Net Purchases (up to an annual spend limit of $15,000) at Gas Stations (Merchant Category Codes (“MCC”): 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn cash back. This benefit is subject to the Scotia Momentum® No-Fee Visa card Cash Back Program Terms and Conditions.
- Scene+ Members earn up to 2 cents per Litre in Scene+ points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power® gasoline or V-Power® diesel purchased (“Premium Fuel Purchases”). Scene+ points value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.
Note: Highest value of 6 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum No-Fee Visa card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.
Additional 3¢/L at Shell (limited time)
Additional 3¢/L Fuel Discount Offer: Offer valid from October 5, 2026 to December 31, 2026 (“Promotional Period”), eligible Scotiabank credit and debit cardholders enrolled in the Shell Fuel Benefits Program who have linked an eligible Scotiabank payment card (an “Eligible Card”) to their Shell Go+ account will receive an additional instant fuel discount of 3 cents per litre on eligible fuel purchases at participating Shell-branded retail locations in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and the Northwest Territories (the “Eligible Provinces”) excluding Shell Flying J locations. Fuel purchases made outside the Eligible Provinces are not eligible for this offer.
To receive the additional fuel discount, customers must pay with their linked Eligible Card at the time of purchase.
The additional fuel discount is in addition to the fuel savings available through the Shell Fuel Benefits Program and may be combined with other eligible fuel discounts, rewards programs, and promotional fuel offers unless otherwise stated in the applicable offer terms and conditions.
The additional fuel discount is available on up to 1,000 litres of eligible fuel purchases per calendar month for each Eligible Card. The 1,000-litre limit resets at the beginning of each calendar month.
The additional fuel discount is non-transferable, is not redeemable for cash, and cannot be substituted or exchanged.
Participation in the Shell Fuel Benefits Program is subject to the applicable program terms and conditions available at Scotiabank Fuel Benefit Terms and Conditions.
Shell Canada reserves the right to make changes to this offer and to terminate the offer at any time, for any reason and without notice.
All other applicable terms and conditions of the Shell Fuel Benefits Program, Shell Go+ and Scotiabank continue to apply.
Annual fee
Primary card$0
Additional card$0
Annual income required
Individual$12,000
Household$12,000
Conversion fees
2.5%
Earning rate
- 1xGroceries
- 1xGas
- 1xPharmacy
- 1xTransit
- 1xBills & recurring payments
- 1xStreaming
- 0.5xAll spending
Value
1st Year Value$364
2nd Year Value$180
Scotia Momentum Visa for Business*: new 2% categories
Finally, the Scotia Momentum Visa for Business* Card also adds 2% cashback on shipping services and accounting services.
- 3%: Gas, restaurants, office supply stores, recurring payments, and electric vehicle charging stations
- 2%: Shipping services and accounting services
- 1%: All other eligible purchases
- Annual fee
- $79
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$325Total$325Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $325
- Welcome offer
- Up to $325
- Ends Oct 31, 2026
Apply Now
on Scotiabank's website
The Scotia Momentum for business Visa Card is one of the best cash back options for business owners in Canada.
Welcome offer: earn 5% cash back on your first $6,500 in eligible purchases in the first 3 months.
You can earn up to 3% cash back on your business expenses:
- 3% cash back on eligible purchases at gas stations, restaurants, office supply stores, and electric vehicle charging stations
- 2% cash back on eligible shipping services and accounting or bookkeeping services, as well as on eligible recurring bill payments
- 1% cash back on all other eligible purchases
Also note that you can use your cash back at any time (the cash back balance must be at least $25).
What’s more, you currently benefit from an introductory rate of 2.99% on balance transfers for the first six months.
With the Scotia Momentum for business Visa Card, you also benefit from protections for your purchases:
- Purchase Protection
- Extended warranty
The card also offers practical financial management tools for your business:
- Detailed expense reports
- Flexible payment options
- Interest-free grace period of up to 25 days
- Access to online statements
- Possibility of adding additional cards for your employees ($29 per card)
Legal
*Conditions apply. Rates, fees and other information are effective as of Oct 31, 2025. Subject to change.
Annual fee
Primary card$79
Additional card$29
Conversion fees
2.5%
Earning rate
- 3xOffice
- 3xRestaurants
- 3xGas
- 3xBills & recurring payments
- 1xAll spending
Value
1st Year Value$714
2nd Year Value$264
Travel insurance
Travel medical (under 55)Included
Travel medical (55-64)Included
Travel medical (65+)Included
Purchase protection
Purchase ProtectionIncluded
Extended Warranty+1 years
Auto Rental CollisionUp to $65,000 / 48 days
Momentum Visa Cards
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.
Frequently Asked Questions
When can I redeem my cash back rewards ?
Instant redemption has been available since February 1, 2026, for all Scotia Momentum Visa cards, with a minimum accumulation of $25 via the Scotia app or Scotia online.
Are annual fees increasing on all Momentum cards?
Only the Scotia Momentum Visa will see its fees increase from $39 to $49 annually. Other Momentum Visa cards will retain their current fees.
Can I still wait for the annual redemption instead of cashing out at $25?
Yes, you have the choice. You can cash out from $25 or let your rewards accumulate longer according to your preferences.
