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Scotia Momentum Visa Card review

Discover a smart, simple way to pay for your purchases with the Scotia Momentum Visa Card.

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Our verdict

If you find yourself in charge of paying the bills, making the weekly grocery run or topping up the gas when it's running on empty, then this card might be the right fit for you.

Best for: Those who want to earn basic rewards on everyday spending and bills.

  • Promo balance transfer offer
  • Earn up to 2% cashback
  • This card has an annual fee of $39
  • You can earn higher rewards with other cards

Purchase Interest Rate


Cash Advance Rate


Balance Transfer Rate

0% for the first 6 months


Scotia Momentum Visa Card

Learn more on Scotiabank's secure site

The basics

  • Earn cash back. Earn 2% cash back on all eligible gas station, grocery store and drug store purchases and on recurring bill payments (up to $25,000 annually), and earn 1% cash back on all other eligible purchases (and on all eligible purchases once the $25,000 annual spending limit is reached).
  • Welcome offer. Get a 0% introductory interest rate on balance transfers for the first 6 months. (22.99% after that; annual fee $39). Offer ends October 31, 2023.
  • Purchase insurance. Most products purchased with your card are insured against theft, loss, or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year.

The perks

  • Quick pay. Save time in busy checkout lines when you pay through Visa payWave, MyMobile Wallet, Visa Checkout and Apple Pay.
  • Save on car rentals. Get a discount of up to a 25% at participating Budget and AVIS car rental locations in Canada and the US.
  • World class service. Reach out to customer service 24/7 by calling the number on the back of your card. You can 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

  • Annual fee. You have to pay an annual fee of $39 which can eat into your total savings.
  • Minimum income requirements. You will need to provide proof that your annual gross income is above $12,000 per year.

Scotia Momentum 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 relatively satisfied with the perks and benefits on offer from the Scotia Momentum Visa Card. The card offers a fair rate of cash back on eligible purchases which can add up to big savings. Many cardholders are pleased with the cost-saving benefits of an introductory balance transfer offer, while others are impressed by the level of customer service provided by Scotiabank. Some customers feel that the level of rewards aren’t worth the annual fee of $39 and prefer to opt for a fee-free card in exchange for less cash back.

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 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 Visa Card offers a no-frills, low-fee cash back rewards program for those who are interested in making a better return on everyday purchases. If you’re looking to get more bang for your buck, and aren’t interested in a ton of additional features, then this card might be right up your alley.

Scotia Momentum Visa Card FAQs


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