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Scotia Momentum No-Fee Visa Card Review

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Scotia Momentum No-Fee Visa Card
Welcome Offer
Up to 5% cash back
Rewards
1% cash back
Annual Fee
$0
Purchase Interest Rate
19.99%
Cash Advance Rate
22.99%

Our verdict

Discover a smart, simple way to pay for your purchases with the Scotia Momentum No-Fee Visa Card.

If you're on a budget and are looking for a fee-free card that gives you a decent return on your daily and recurring purchases, then this card could be just the ticket.

Best for: Those who want to earn decent rewards but don't want to pay an annual fee for a credit card

Pros

  • No annual fee
  • Up to 5% cash back welcome bonus
  • Earn up to 1% cashback on spending

Cons

  • Lower cashback earn than other credit cards on the market

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
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 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

Interest TypeInterest Rate
Purchase interest rate19.99%
Cash advance rate22.99%
Standard balance transfer rate22.99%

What do other customers say?

Most customers are satisfied with the perks and benefits on offer from the Scotia Momentum No-Fee Visa Card. Some cardholders are pleased with the cost-saving benefits of an introductory interest rate on purchases.

What should I know before I apply

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

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