Scotia Momentum No-Fee VISA Card
Annual Fee
$0.00
Interest Rate
7.99%*
Balance Transfer
22.99%
Cash Advance
22.99%
Credit Score
Good
Rewards
1.00%*
- 1% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
- Plus earn 0.5% cash back on all other eligible purchases.
- 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that)
- Convenient with Visa payWave simply wave your card and go!
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotia Momentum No-Fee Visa card.
Scotia Credit Card Protection (optional)
- You must be a Canadian citizen OR are a Permanent Resident
- You must be at least the age of majority in your province or territory
- You must not have declared bankruptcy in the past 7 years
- Your annual gross income must be at least $12,000
Summary
The Scotia Momentum No-Fee VISA Card gives you cash back on everything charged to your card. Earn 1% Cash back on gas, groceries, drug store purchases and recurring payments, plus earn 0.5% cash back on all other eligible purchases. Enjoy a 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that)!
Our Review
Scotia Momentum No-Fee VISA Card
The Scotia Momentum No-Fee VISA Card allows its holders to earn cash back on every purchase for no annual fee. Holders may earn 1% Cash back on gas, groceries, drug store purchases and recurring payments, plus earn 0.5% cash back on all other eligible purchases. This rate is relatively low, and the card does not include insurance, so the Scotia Momentum No-Fee Visa Card won’t change your life, but this card still has its benefits: enjoy a little extra cash in your pocket, plus benefit from a 7.99% introductory interest rate on everyday purchases for the first 6 months.
As per our rating system, this card scored 18/25 on rewards, 17/25 on interest rates and balance transfers, 6/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 66/100.
Pros
- 1% Cash back on all eligible gas station, grocery store, drug store purchases and recurring payments.
- Plus earn 0.5% cash back on all other eligible purchases.
- No annual fee.
- 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that)
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotia Momentum No-Fee Visa card.
Cons
- Cash back is only earned at a maximum rate of 1%
- The card does not include insurance coverage.