Scotia Momentum® for business Visa* Card
No time to apply right now?
Get this offer by email and pick up where you left off, whenever suits you.
Pros & Cons
Pros
- Welcome Bonus: Up to $325
- Up to 3% on office supplies
- Purchase protection included
Cons
- Annual fee ($79/yr)
- Foreign Transaction Fee (2.5%)
Our Review
The Scotia Momentum® for business Visa* Card turns business spending into cash back you can use once your balance reaches $25. With a $79 annual fee, it suits businesses with regular spending on gas, dining, office supplies, and recurring bills.
To get started, earn 5% cash back on your first $6,500 in eligible purchases in the first 3 months.
For everyday business spending, you earn:
- 3% cash back at eligible gas stations, restaurants, office supply stores, and electric vehicle charging stations, as well as on eligible recurring bill payments;
- 2% cash back on eligible shipping and accounting or bookkeeping services;
- 1% cash back on other eligible purchases.
The 3% and 2% categories share a $40,000 annual eligible-spending limit, then earn 1%. This 12-month period runs from the statement period of the account-opening month.
Expense reports and online statements help you track your business purchases. You can also add employee cards for $29 per card and benefit from purchase protection and an extended warranty, subject to applicable terms.
A balance transfer offer is also available: 2.99% for the first 6 months, then 22.99%. Review the applicable terms and fees before making a transfer.
Rewards
All Spending
1%
cash back on eligible purchases
Office
3%
cash back on eligible purchases
Restaurants
3%
cash back on eligible purchases
Gas
3%
cash back on eligible purchases
Recurring
3%
cash back on eligible purchases
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$480
$/yr
Estimated Value
$480
After Fees
+$401
1st Year Value
$726
incl. welcome bonus
Annual rewards breakdown
The calculation assumes you earn the bonus. Check the offer terms for eligibility, spending requirements, and deadlines.
The calculation uses the maximum advertised welcome offer. Your actual offer may be lower or unavailable.
Travel Insurance
Travel medical (under 55)
Included
Travel medical (55-64)
Included
Travel medical (65+)
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Fees and interest rates
- Annual Fee$79
- Additional card fee$29
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Balance transfer rate22.99%
- Cash advance rate22.99%
- Balance Transfer Promo2.99%
Intro period: 6 months
Terms & Conditions
Card Features
Welcome offer: earn 5% cash back on your first $6,500 in eligible purchases in the first 3 months.
2.99% introductory interest rate on Balance transfers for the first 6 months (22.99% after that, annual fee $79)
- 3% back on eligible purchases at gas stations, restaurants, office supply stores, and electric vehicle charging stations
- 2% back on eligible shipping services and accounting or bookkeeping services. Earn 3% cash back on eligible recurring bill payments
- 1% back on all other everyday business purchases. The 3% and 2% categories share a $40,000 annual eligible-spending limit; excess spending earns 1%. The limit resets every 12 months from the statement period of the account-opening month.
- 25-day interest-free grace period on new purchases
- Suite of comprehensive insurances
- Enjoy the flexibility of buying now and paying little by little with Scotia SelectPayTM
Legal
*Conditions apply. Cash back program terms are effective October 22, 2026; source consulted October 31, 2026. Other rates and fees are subject to change.
FAQ
What is the Scotia Momentum Visa for Business Card?
The Scotia Momentum Visa for Business Card is a business credit card with cash back designed to help entrepreneurs maximize their business expenses. The Scotia Momentum Visa for Business Card allows you to earn cash back on several key categories related to everyday business operations.
How does cash back work with the Scotia Momentum Visa for Business Card?
The Scotia Momentum Visa for Business Card offers a cash back system structured by spending category. Eligible purchases in strategic sectors such as gas, restaurants, office supplies, and electric vehicle charging earn an enhanced rate. The Scotia Momentum Visa for Business Card also offers cash back on shipping services, accounting services, and recurring payments, as well as a base rate on all other business purchases.
Which business expenses are most advantageous with the Scotia Momentum Visa for Business Card?
The Scotia Momentum Visa for Business Card is particularly advantageous for:
- Gas stations and charging stations
- Restaurants
- Office supply stores
- Shipping services
- Accounting and bookkeeping services
- Recurring business payments
These categories make the Scotia Momentum Visa for Business Card a tool well-suited to SMEs and self-employed workers.
How do you use the cash back earned with the Scotia Momentum Visa for Business Card?
The cash back earned with the Scotia Momentum Visa for Business Card can be redeemed once a minimum balance is reached. It can be applied as a statement credit or deposited into an eligible Scotiabank account. There is no limit on the amount redeemable, but the 3% and 2% categories share a $40,000 annual eligible-purchase limit; excess spending earns 1%. Shipping is currently simulated at 1%, while its official rate is 2%. Accounting and EV charging have no separate input. Those purchases can reduce the limit available for other categories.
Does the cash back from the Scotia Momentum Visa for Business Card expire?
The cash back earned with the Scotia Momentum Visa for Business Card does not expire as long as the account remains open and in good standing. This feature allows businesses to accumulate cash back over the long term.
How does the Scotia Momentum Visa for Business Card help manage expenses?
The Scotia Momentum Visa for Business Card provides access to Visa Spend Clarity for Business, an online expense management tool. With the Scotia Momentum Visa for Business Card, businesses can generate detailed reports, categorize transactions, add digital receipts, and export data to eligible accounting software.
Can you add additional cards with the Scotia Momentum Visa for Business Card?
Yes. The Scotia Momentum Visa for Business Card allows you to issue additional cards for employees. All expenses made with these cards are consolidated on a single monthly statement, simplifying management and increasing overall cash back accumulation.
What additional benefits does the Scotia Momentum Visa for Business Card include?
The Scotia Momentum Visa for Business Card allows you to benefit from the Visa SavingsEdge program to obtain savings from participating merchants. It also offers the option to use Scotia SelectPay to convert certain eligible purchases into fixed monthly payments.
Is the Scotia Momentum Visa for Business Card suitable for small businesses and self-employed workers?
The Scotia Momentum Visa for Business Card is particularly suitable for small and medium-sized businesses, self-employed workers, and entrepreneurs who want to centralize their expenses and earn cash back on their everyday business purchases.
What are the financial benefits of the Scotia Momentum Visa for Business Card for cash flow?
The Scotia Momentum Visa for Business Card offers a grace period on new purchases when the account is in good standing, which helps optimize cash flow management. By consolidating recurring payments and recurring expenses on the Scotia Momentum Visa for Business Card, businesses can turn their expenses into cash back while improving visibility into their finances.
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.
