- 7.99% introductory interest rate on purchases for the first 6 months
- 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
4.5 / 5.0 (23 votes)
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Information - Rates - Fees

Intro APR:
Applied Towards:
Intro Period:
6 months*
Annual Fee:
Card Network:
Card Category:
Consumer (Regular)
Card Type:
Instant Decision
Reward Card
Credit Needed:
Grace Period:
See Terms*
Min Credit Line:
Late Payment Fee:
Over Limit Fee:

Balance Transfers

Balance Transfer:

Cash Advances

APR on Cash Advances (%):

Other Fees

Additional Fees
Foreign Currency Conversion: 2.5%
Dishonored Payment Fee: $48


The introductory 7.99% interest rate applies to purchase only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by defined date (see website for details) the ("Offer End Date") will continue for 6 months from that date ("the Promotional Period"). After the Promotional Period, balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases that applies on your Account. Offer applies to new Accounts only opened by defined date (see Terms & Conditions of the offer). 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.

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Looking for cash back on things like gas, groceries and even prescriptions? What if you could earn cash back on your recurring monthly payments, too? Look no further than the ScotiaBank Momentum. Not only will you earn 1 percent cash back on qualifying purchases and one half of one percent on other qualifying purchases, but this is a no annual fee card.

Another great benefit that comes as part of this co-branded offer is My Wallet. Eligibility is easy and it's a faster, more convenient way of making those last minute, daily quick purchases. No worries about security, either. Your Visa card comes with the latest security technology, making it safer than carrying cash. It incorporates Near Field Communication (NFC) technology, which makes it possible for short range wireless communication between the merchant and your payment information. With the power of both ScotiaBank and Visa, you're covered. The Visa Zero Liability Policy and ScotiaBank's Mobile Security Guarantee adds additional layers of protection.

No annual fee, a great rewards program that offers cash back - even on your monthly (or other) recurring payments and the power of ScotiaBank and Visa in your wallet, what more could you want in a credit card? Be sure to review the terms and conditions and apply today.


Most attractive:
- No annual fee
- Cash Back rewards
- Intro rates on purchases
- Free rewards program
Least attractive:
- No bonus rewards

Rewards & Benefits

Reward Types:
CashBack Rewards
Gas Rewards
Universal Rewards
Reward Unit:
- 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
Yearly Limit:
Other Benefits:
- Scotia Credit Card Protection (optional)
- Visa payWave
- My Mobile Wallet
- AVIS car rental discounts
*See terms and conditions of the card for other benefits
Online Access:

*The information provided for Scotia Momentum® No-Fee Visa® Card is believed to be accurate at the time of evaluation (May 17, 2022). We strongly advise visitors to review the fees, terms and conditions to verify accuracy of the information posted prior to applying for the product.

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