Scotia Momentum No-Fee Visa Card
- Car rental discounts.
- 7.99% introductory APR.
- 1% cash back on daily purchases.
Discover a smart, simple way to pay for your purchases with the Scotia Momentum No-Fee Visa Card.
The Scotia Momentum No-Fee Visa Card can earn 1% cashback on gas, groceries, drug store purchases and recurring payments (like telecommunications, insurance, subscriptions and memberships), 0.5% cashback on all other eligible purchases.
30-second take
- Get this card if you want a fee-free card that offers 1% cash back on daily purchases.
- Choose something else if you’re looking for a targeted rewards program or would like more cashback rewards.
| Product Name | Scotia Momentum No-Fee Visa Card |
|---|---|
| Reward | Receive 1% cash back on payments made at petrol stations, supermarkets, pharmacies and recurring bill payments. |
| Welcome Offer | Offers a 7.99% introductory interest rate on all spend for the first 6 months. Ends 31 October 2019. |
| Purchase Interest Rate | 7.99% intro APR for the first 6 months, 19.99% thereafter |
| Cash Advance Rate | 22.99% |
| Balance Transfer Rate | 22.99% |
| Interest Free Period | Up to 21 days |
| Minimum Credit Limit | $500 |
| Go to site More Info |
| Annual Fee | $0 |
|---|---|
| Monthly Service Fee | N/A |
| Over Credit Line Fee | $29 |
| Balance Transfer Fee | $3.50 |
| Penalty APR | 24.99% |
| Dishonoured Payment Fee | $48 |
| Foreign Currency Conversion Fee | 2.5% |
| Cash Advance Minimum Fee | $3.50 |
| Late Payment Fee | N/A |
| Go to site More Info |
| Credit Rating | 650+ recommended credit score |
|---|---|
| Minimum Age | Age of majority in the province/territory of residence |
| Minimum Income | $12,000 |
| Household Income | N/A |
| Go to site More Info |
The basics
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.
- No annual fee. Provides no annual fee on principal and supplementary cardholders.
- Cashback rate. 1% cash back on qualifying purchases in gas stations, grocery and drug stores as well as recurring bill payments. Additionally, you also earn 0.5% cash back on all other eligible purchases.
The perks
- Quick pay. Pay for purchases in a flash when you use Visa payWave, My Mobile Wallet, Visa Checkout and Apple Pay.
- Recurring payments. Get 1% cash back on regular payments including subscriptions, internet and cell phone bills, insurance and memberships.
- Optional insurance coverage. Receive conditional insurance coverage when you pay an additional fee ($1.09 per $100 of average daily balance on your credit card).
- Save on car rentals. Save up to 25% off at participating AVIS and Budget car rental locations in Canada and the U.S. when you pay with your Scotia Momentum No-Fee Visa Card.
- 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. The fee-free version of this card offers up to 2x less cash back than the Scotia Momentum Visa and up to 4x less than the Scotia Momentum Visa Infinite Card.
What do other customers say?
Most customers are satisfied with the perks and benefits on offer from the Scotia Momentum No-Fee Visa Card. Customers can get a solid 1% return on eligible purchases. Some cardholders are pleased with the cost-saving benefits of an introductory 7.99% interest rate on purchases. Others prefer to save 2% cashback on purchases in the first months by paying the annual fee for the Scotia Momentum Visa Infinite Card.What should I know before I apply
How to apply
- Click Go to site on this page to be securely directed to your Scotia Momentum No-Fee Visa Card application.
- Read through the Disclosure Statement details and click Accept & Continue.
- Complete the application with details that include your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The Scotia Momentum No-Fee Visa Card offers a zero-fee cashback 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 a 2% or 4% cashback rate on purchases.
Frequently asked questions about the Scotia Momentum No-Fee Visa Card
Pictures: scotiabank.com/ca
