Pros & Cons
Pros
- +Purchase protection included
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
The Scotia Momentum for business No Fee Visa Card is the entry point to cash back business cards in Canada: no annual fee, and no fee for your employees’ cards.
Welcome offer: earn 10% cash back on your first $1,500 in eligible purchases in the first 3 months, up to $150.
After that, you earn 1% cash back on all your eligible business purchases, with no annual cap.
Also note that you can use your cash back at any time (the cash back balance must be at least $25) and that it never expires as long as your account remains open. You can apply it as a statement credit or deposit it into a Scotiabank account.
With the Scotia Momentum for business No Fee Visa Card, you also benefit from protections for your purchases:
- Purchase Protection for 90 days
- Extended warranty on items purchased
- Mobile device insurance up to $1,000
The card also offers practical management tools for your business:
- Free supplementary cards for your employees
- Visa Spend Clarity for Business expense management tool
- Detailed expense reports by employee and by category
- Access to online statements
- Up to 6¢/L in value at Shell with a linked Shell Go+ account
Rewards
All Spending
1x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$300
$/yr
Estimated Value
$300
After Fees
+$300
1st Year Value
$300
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Mobile Device
Included
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Cash advance rate23.99%
Terms & Conditions
Card Features
Welcome offer: earn 10% cash back on your first $1,500 in eligible purchases during the first three months, up to $150.
Offer valid from August 17, 2026 to February 28, 2027, for new cardholders only. You are not eligible if you have held a Scotiabank business credit card, as primary or secondary cardholder, in the past two years.
No annual fee. No fee for supplementary cards. 1% cash back on eligible purchases with no annual cap. Annual interest rate of 21.99% on purchases and 23.99% on cash advances. Minimum credit limit of $5,000. Foreign currency conversion fee of 2.5%.
Mobile device insurance up to $1,000, 90-day purchase protection and extended warranty. Visa Spend Clarity for Business expense management tool. Visa Zero Liability protection. Savings of up to 6¢ per litre in value at Shell with a linked Shell Go+ account.
Legal
*Conditions apply. Rates, fees and other information are those published by Scotiabank and were recorded on August 18, 2026. Subject to change.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Scotiabank. All trademarks are property of their respective owners.