Scotia Momentum No-Fee Visa Card Review

The basics

• No annual fee. Provides no annual fee on principal and supplementary cardholders.
• Cash back. Get 1% cash back on all eligible gas station, grocery store and drug store purchases and recurring bill payments, and get 0.5% cash back on all other eligible purchases.
  
• Welcome offer. Earn 5% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months with no balance transfer fee. Apply by October 31, 2024.

The perks

• Quick pay. Pay for purchases in a flash when you use Visa payWave, My Mobile Wallet, Visa Checkout and Apple Pay.
• Save on car rentals. Get up to a 25% discount at participating Budget and AVIS car rental locations in Canada and the US.
• World class service. Reach out to customer service 24/7 by phone, e-mail or online form. Use this service to report cards missing or stolen, request additional cards, file complaints or resolve issues by speaking directly to an agent.

What to watch out for

• Low cash back rewards. This card offers less cash back than other Scotiabank offerings.

Scotia Momentum No-Fee Visa Card interest rates

What should I know before I apply

• Eligibility requirements

  To apply for the Scotia Momentum No-Fee Visa Card you need to:

  • Be a Canadian citizen or permanent resident.
  • Be at the age of majority in province/territory of residence.
  • Have an annual gross income of at least $12,000 without declaring bankruptcy in the past 7 years.

• Required documents and information

  • Your name, residential status and contact information.
  • Your social insurance number and date of birth.
  • Your email address and phone number.

How to apply

1. Click Go to site on this page to be securely directed to your Scotia Momentum No-Fee Visa Card application.
2. Read through the Disclosure Statement details and click Accept & Continue.
3. Complete the application with details that include your name, email address, social insurance number and birth date.
4. Review and submit your application.

Bottom line

The Scotia Momentum No-Fee Visa Card offers a zero-fee cash back rewards program for those who are looking to make a bit of pocket change on everyday purchases. If you’re looking to get more bang for your buck, then you might like to pay an annual fee to bump up to either the Scotia Momentum Visa or Visa Infinite Card for up to a 4% cashback rate on purchases.

Pictures: scotiabank.com/ca