- 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)◊
- Cash back with low annual fee
- 2% on eligible gas station, grocery store and drug store purchases and recurring bill payments
- 1% cash back on all other eligible everyday purchases
3.9 / 5.0 (29 votes)
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Information - Rates - Fees

Intro APR:
Applied Towards:
Balance Transfer
Cash Advance
Intro Period:
6 months on BT*
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:
Transfer Fee (%):
Minimum Fee:

Cash Advances

APR on Cash Advances (%):
Cash Advance Fee (%):
Minimum Fee:

Other Fees

Additional Fees
Foreign Currency Conversion: 2.5%
Supplementary Card Fee: $15
Dishonored 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).

Review by

If you've spent any time exploring the many credit card offers available to Canadian consumers, you know just the overwhelming number of offers can be overwhelming. Imagine finding everything you're looking for in one credit card without feeling as though you have to settle for those that fall short of what you really need in a financial product.

The ScotiaBank Visa is the card that meets those needs, including powerful security technology built into every credit card. You can even transfer balances from your other credit cards to save even more on interest rates. Purchase security and extended warranty protection, enjoy the best customer service in the industry and take advantage of the many more perks and benefits.

You'll enjoy a low introductory interest rate, up to 2 percent cash back on all of your eligible gas, drug store purchases, groceries and recurring payments and a full 1 percent cash back on other eligible purchases. Details can be found on the Momentum website and you can quickly apply for your own ScotiaBank Visa. Prefer to speak with a customer service rep? No problem - you'll find a staff of knowledgeable and friendly folks who strive every day to deliver exceptional customer service. Come and see for yourself just how convenient and affordable the ScotiaBank Momentum truly is.


Most attractive:
- Long term intro rates
- Rewards program
Least attractive:
- Annual fee
- No bonus points

Rewards & Benefits

Reward Types:
CashBack Rewards
Gas Rewards
Universal Rewards
Reward Unit:
- 2% on eligible gas station, grocery store and drug store purchases and recurring bills
- 1% cash back on all other eligible purchases
Yearly Limit:
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 Access:

*The information provided for Scotia Momentum® Visa® Card is believed to be accurate at the time of evaluation (Feb 19, 2021). 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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