Scotia Momentum No-Fee Visa Card review

The perks

• No annual fee. Principal and supplementary cardholders pay nothing annually for the Scotia Momentum No-Fee Visa Card.
• Cash back rewards. Get 1% cash back on eligible grocery, food delivery, food subscription, gas, EV charging, daily transit and drugstore purchases as well as eligible recurring bill payments and eligible recurring subscription services (like music and video streaming). Get 0.5% cash back on all other eligible purchases.
• Bonus offer. Earn 5% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, get a 0.99% introductory interest rate on balance transfers for the first 9 months. Apply by April 30, 2027.
• Flexible redemption schedule. Redeem whenever you have over $25 in cash back rewards. You don’t need to wait for an annual payout.
• Quick pay. Pay for purchases in a flash with Visa payWave, Apple Pay, Google Pay and Samsung Pay.
• Save on car rentals. Get up to a 25% discount at participating Budget and AVIS car rental locations in Canada and the US.
• Shell gas perks. Get a 3¢/L discount at Shell gas stations, and earn 1% cash back on your purchases (a $15,000 annual spending limit applies).
• Scotia SelectPay. Choose to split credit card purchases of at least $100 into multiple, low-interest payments over three, six or 12 months. You can still earn cash back rewards.
• Flexible customer support. Reach out to customer service by phone, chatbot or in-person at a local bank branch.

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What to watch out for

• Low cash back rate. This card offers less cash back than other Scotiabank offerings.
• Cash back limit. You can only earn 1% cash back on the first $15,000 spent annually on eligible grocery, gas, EV charging (EV), transit, rideshare, food delivery, drugstores and pharmacy purchases as well as recurring bill payments.
• Limited benefits. The Scotia Momentum No-Fee Visa Card doesn’t come with perks like complimentary travel insurance, entertainment discounts or extended warranty coverage on your purchase.

Scotia Momentum No-Fee Visa Card interest rates

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What should I know before I apply

Here’s what you should know before applying for the Scotia Momentum No-Fee Visa Card.

Eligibility requirements

• Be a resident of Canada
• Be at least the age of majority in your province or territory (18 or 19)
• Have an annual income of at least $12,000
• Have a credit score of 650 or higher (recommended)

Required documents and information

• Valid ID like a passport or driver’s licence
• Proof of employment status and income like recent pay stubs, bank statements or CRA Notices of Assessment
• Your full name and contact information
• Your Social Insurance Number (SIN) and date of birth
• Your financial information, including any debts and assets

How to apply

1. Visit Scotiabank's website and Select Apply now.
2. If you already have a Scotiabank account, sign in to online banking. If not, you’ll need to apply as a new customer.
3. Once you’ve logged in to your account, go to Products & Services, then select Credit cards and choose the Scotia Momentum No-Fee Visa Card.
4. Read through the customer information provided and select Agree and continue.
5. Provide personal, contact, employment, financial and housing information. Set up a security question. Choose whether you want to receive paper or electronic statements, and add an additional cardholder if necessary.
6. Review your application information and select Continue. Review and agree to the terms and conditions and submit your application.
7. If approved, it could take up to 14 business days to receive your new card in the mail. To begin using it, you’ll need to activate the card online or over the phone.

How safe is the Scotia Momentum No-Fee Visa Card?

Scotiabank is one of Canada’s Big Banks. It’s registered as a Schedule I bank under the Bank Act (Canada) and is regulated by the Office of the Superintendent of Financial Institutions Canada and the Financial Consumer Agency of Canada. It’s also a member of the Canada Deposit Insurance Corporation (CDIC).

Customer data is safeguarded by encryption, firewalls, multifactor authentication, account timeouts, fraud alerts and partially masked account numbers. It’s also possible to lock your card via mobile app if someone gains unauthorized access to your account.

Bottom line

The Scotia Momentum No-Fee Visa Card offers a no-annual-fee cash back rewards program for those who are looking to make a bit of pocket change on everyday purchases. If you want more bang for your buck, consider paying an annual fee to bump up to either the Scotia Momentum Visa Card or Scotia Momentum Visa Infinite + Card.
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