Scotiabank

Scotia Momentum® Mastercard®* Credit Card

mastercard-platinumCashback

Compare

on Scotiabank's website

Annual Fee

Welcome Bonus

—

Bonus Value

—

Estimated value

1st Year Value

$180

✓

Pros

✓No annual fee

✗

Cons

✗Foreign Transaction Fee (2.5%)
✗No purchase protection

Our Review

Rewards

All Spending

0.5x

Cashback pts per dollar

Groceries

Gas

Pharmacy

Recurring

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries1x

$400/month

Gas1x

$300/month

Pharmacy1x

$150/month

Recurring1x

$300/month

Restaurants0.5x

$160/month

All other spending0.5x

$700/month

Points Earned

18,960

Cashback/yr

Estimated Value

$190

After Fees

+$190

1st Year Value

$190

incl. welcome bonus

Annual rewards breakdown

Groceries$4,800/yr × 1x

4,800 pts

Gas$3,600/yr × 1x

3,600 pts

Pharmacy$1,800/yr × 1x

1,800 pts

Recurring$3,600/yr × 1x

3,600 pts

Restaurants$1,920/yr × 0.5x

960 pts

All other spending$8,400/yr × 0.5x

4,200 pts

Total annual spend$24,120

Monthly spend$2,010

Average earn rate0.79x

Total points earned18,960 pts

Interest Rates

Purchase Rate

20.99%

Cash Advance

22.99%

Foreign Transaction Fee

2.5%

Eligibility

Personal Income

$12,000

Household Income

$12,000

Terms & Conditions

Card Features

7.99% introductory interest rate on purchases for the first 6 months (20.99% after that)1
Cash back on everyday spending with no annual fee
1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
0.5% cash back on all other eligible everyday purchases

Legal

*Conditions apply. Rates, fees and other information are effective as of October 31, 2025. 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.

Terms & Conditions

Card Features

7.99% introductory interest rate on purchases for the first 6 months (20.99% after that)1
Cash back on everyday spending with no annual fee
1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
0.5% cash back on all other eligible everyday purchases

Legal

*Conditions apply. Rates, fees and other information are effective as of October 31, 2025. Subject to change.