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Scotia Momentum No-Fee Visa Card Review

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

Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by October 31, 2020.

7.99% intro APR for the first 6 months, 19.99% thereafter

Purchase Interest Rate

$0

Annual Fee

Details

Product NameScotia Momentum No-Fee Visa Card
RewardGet 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 OfferGet a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by October 31, 2020.
Purchase Interest Rate7.99% intro APR for the first 6 months, 19.99% thereafter
Cash Advance Rate22.99%
Balance Transfer Rate7.99% for the first 6 months (then 19.99%)
Interest Free Period Up to 21 days
Minimum Credit Limit$500
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More Info

30-second take

  • Get this card if you want a fee-free card that offers cash back on daily purchases.
  • Choose something else if you’re looking for a targeted rewards program or would like more cashback rewards.

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.
  • 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. Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by October 31, 2020.

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.

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 7.99% 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 a 2% or 4% cashback rate on purchases.

Frequently asked questions about the Scotia Momentum No-Fee Visa Card

Pictures: scotiabank.com/ca

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