Scotia Momentum® Visa* Card
on Banque Scotia's website
Pros
- ✓First Year Annual Fee Rebate ($49 annual fee rebated)
- ✓Purchase protection included
Cons
- ✗Foreign Transaction Fee (2.5%)
Our Review
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).
Plus, you can benefit from an introductory rate of 2.99% with 0% fees on balance transfers for the first six months.
Rewards
All Spending
1x
Cash Back pts per dollar
Transit
2x
Pharmacy
2x
Recurring
2x
Groceries
2x
Streaming
2x
Gas
2x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$449
$/yr
Estimated Value
$449
After Fees
+$449
1st Year Value
$449
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Interest Rates
- Purchase Rate20.99%
- Cash Advance22.99%
- Balance Transfer Promo2.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$12,000
Household Income
$12,000
Terms & Conditions
Card Features
Get an introductory interest rate of 2.99% with a 0% balance transfer fee for the first 6 months (22.99% thereafter; $49 annual fee).
- Get 2% cash back on groceries, food delivery and food subscription services, and drugstore purchases
- Get 2% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and rideshare trips
- Get 2% cash back on eligible recurring bill payments such as utilities and the gym
- Get 2% cash back on eligible subscriptions such as video streaming services or music streaming
- Get 1% cash back on all other eligible purchases, with no cash back limit
- New 2% Cash Back earn category: You will earn 2% on all eligible purchases of Food Delivery¹.
- New Cash Back Anytime feature: Redeem your cash back that you’ve earned whenever you need it, through the Scotia app or Scotia Online ($25.00 minimum redemption)¹.
FAQ
What is the Scotiabank Momentum Visa Card?
The Scotiabank Momentum Visa Card is a cash back credit card offered by Scotiabank. The Scotiabank Momentum Visa Card allows you to earn cash back on everyday expenses like groceries, gas, recurring payments, and subscriptions, while offering practical benefits tailored to daily life.
How does cash back work with the Scotiabank Momentum Visa Card?
The Scotiabank Momentum Visa Card offers up to 2% cash back on certain eligible everyday purchase categories and 1% on all other purchases. Every transaction made with the Scotiabank Momentum Visa Card automatically earns cash back, without complex registration or manual tracking.
What is the cash back offered by this card?
The Scotiabank Momentum Visa Card is particularly beneficial for:
- Grocery purchases
- Drugstores
- Gas and electric vehicle charging
- Public transit (bus, taxi, rideshare)
- Recurring bill payments (utilities, gym, insurance)
- Digital subscriptions (video and music streaming)
These bonus categories make the Scotiabank Momentum Visa Card an attractive option for maximizing recurring monthly expenses.
How do I use the cash back from the Scotiabank Momentum Visa Card?
The cash back earned with the Scotiabank Momentum Visa Card can be redeemed online once the minimum required balance is reached. The primary cardholder or co-applicant can deposit the cash back into an eligible account directly from the banking portal. The Scotiabank Momentum Visa Card thus offers great flexibility of use.
Does the cash back on the Scotiabank Momentum Visa Card expire?
The cash back balance earned with the Scotiabank Momentum Visa Card does not expire as long as the account remains open and in good standing. If the account is closed, a limited time is granted to claim the remaining cash back.
Does the Scotiabank Momentum Visa Card allow for additional cards?
Yes. The Scotiabank Momentum Visa Card offers the possibility of adding additional cards for family members. Purchases made with these cards contribute to the overall cash back earnings of the Scotiabank Momentum Visa Card.
What additional benefits does the Scotiabank Momentum Visa Card offer?
In addition to cash back, the Scotiabank Momentum Visa Card provides access to discounts on vehicle rentals at Avis and Budget in Canada and the U.S. The Scotiabank Momentum Visa Card also allows the use of the Scotia SelectPay program to spread out certain eligible purchases.
Does the Scotiabank Momentum Visa Card include insurance coverage?
The Scotiabank Momentum Visa Card includes certain protections related to purchases and transactions, according to the terms of the credit agreement. Scotiabank Momentum Visa Cardholders thus benefit from increased security during their daily purchases.
Who can apply for the Scotiabank Momentum Visa Card?
The Scotiabank Momentum Visa Card is accessible with a relatively low minimum credit limit compared to premium cards. The Scotiabank Momentum Visa Card may therefore be suitable for people looking for an affordable cash back card adapted to everyday expenses.
Who is the Scotiabank Momentum Visa Card for?
The Scotiabank Momentum Visa Card is particularly suitable for:
- Families who spend a lot on groceries and subscriptions
- Drivers and public transit users
- Consumers wanting a simple cash back card
- People looking for a more accessible alternative to premium cards
Thanks to its bonus categories on essential expenses, the Scotiabank Momentum Visa Card is designed to optimize everyday purchases.
Legal
*Conditions apply. Rates, fees and other information are effective as of Oct 31, 2025. Subject to change.
Related Cards
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