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Been waiting for a better credit card offer? It's here. ScotiaBank and Visa now offer the low-fee cash back rewards Momentum credit card. It's a smart financial choice that is designed to protect consumers, ensure lower fees and offer a great rewards program, too. Applying is easy when you visit the ScotiaBank website and there's always a great customer service team on ready to answer questions.

Scotia Momentum VISA Card
Intro APR  APR Annual Fee 
2.99%* 19.99% * $39*
Apply For Scotia Momentum VISA Card

Basic Information

Issuer: Scotiabank
Card Network: VISA
Card Category: Consumer (Premium)
Card Type: - Instant Decision Card
- Reward Card
Credit Needed: Good*

Card Review

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Consider the credit cards you've used over the years, some of which you may still carry in your wallet, rarely, if ever used because of a too-high interest rate, too many fees that make it unaffordable or maybe just because of poor customer service. Even those that you do often may not offer everything you'd define as a perfect financial tool. Now consider ScotiaBank Momentum. This credit card has the backing of two of the biggest names in the financial industry: ScotiaBank and Visa. That's a lot of power packed into a credit card - but it's what every consumer is looking for.

Let's face it, there is an overwhelming number of credit cards on the market today. Finding the one that meets your needs, offers affordable fees and lower interest rates can be challenging. Just when it seems as though you've discovered that ideal rewards credit card, you realize the fees are simply too high. There has to be a better way - and that better way is found in this great rewards card. A low interest rate, the latest in credit card safety technology, cash back on every day purchases, and even those monthly recurring payments we make for our mortgages, insurance and car payments. Plus, you'll enjoy worldwide acceptance, the convenience of Visa payWave as well as Visa Checkout and you're eligible for My Mobile Wallet. You'll never worry about another purchase when you add the security and extended warranty protection. There's a reason the ScotiaBank Momentum stands apart - come and see for yourself.
Card rating:
(4.0 out of 5) total 12 votes
Most attractive features: - Long term intro rates
- Rewards program
Least attractive features: - Annual fee
- No bonus points

Rewards & Benefits

Reward Types: - CashBack Reward Cards
- Gas Reward Cards
- Universal Reward Cards
Reward Unit: Cash
Rewards: - 2% on eligible gas station, grocery store and drug store purchases and recurring bills
- 1% cash back on all other eligible purchases
Expiration: None*
Yearly Limit: None*
Other Benefits: - Visa payWave
- My Mobile Wallet
- Special Discounts on AVIS Car Rentals
- Scotia Credit Card Protection (optional)
*See terms and conditions of the card for other benefits
Online Card Account Access:

Card Finance & Rates

Introductory APR (%): 2.99%*
Applied Towards: Balance Transfer, Cash Advance, Checks
Introductory Period: 6 months on BT*
Regular APR (%): 19.99%*
Annual Fee: $39*
Grace Period: See Terms*
Minimum Credit Line: $500*
Over Limit Fee: $29.00*

Balance Transfers

Balance Transfer:
Transfer Fee (%): 1.00% of each balance transfer
Minimum BT Fee: $3.50

Cash Advances

APR on Cash Advances (%): 22.99%
Cash Advance Fee (%): 1.00%
Minimum Fee: $3.50

Other Fees

Additional Fees Foreign Currency Conversion fee: 2.5%
Supplementary card Holder annual fee: $15
Dishonoured Payment Fee: $48


The introductory 2.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by the defined period (see website for details) (the "Offer End Date") and will continue for 6 months from that date ("the Promotional Period"). This offer cannot be used to transfer a balance from another Scotiabank Account or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotiabank® Credit Card Cheques and cash-like transactions) that applies on your Account. Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer.

The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.

A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions).


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View Other Universal Reward Cards
Apply For Scotia Momentum VISA Card Secure Online

* The information provided for Scotia Momentum VISA Card is believed to be accurate at the time of evaluation (Mar 1, 2019). Please verify the terms and conditions for each provider to ensure accuracy of any information posted before applying for any product.

SSL Security Security Note: Online application features Secure SSL Technology.

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