Amex Business Gold vs Scotia Momentum® for business No Fee Visa* Card

¹Offer Description and Conditions: The 10% Cash Back Offer (the “Offer”) applies only to new Scotia Momentum® for business No Fee Visa* Card accounts (“Accounts”) that are opened, and any additional cards on the Account issued, between August 17, 2026 and February 28, 2027 (regardless of the date you apply for the Account) subject to the conditions below.

You will earn 10% cash back on the first $1,500 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include cash advances (including balance transfers and cash-like transactions), interest, fees or other charges or payments.

After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Regular Cash Back Program Rate”) as described in the Scotia Momentum No fee Visa* Cash Back Program Terms and Conditions (the “Program Terms”). The 10% cash back rate for any category is made up of the sum of: (i) the Regular Cash Back Program Rate (variable by category as set out under the Program Terms); and (ii) a bonus rate that will vary depending on the Cash Back Program Rate (the “Cash Back Top Up Rate”). 

Cash back earned under this Offer will be credited to your Account in 2 installments so long as your Account is open and in good standing at time of payout of each:

1. Bonus Cash Back: The amount earned under the Cash Back Top Up Rate will be credited to your Account within approximately 7 months from the Account open date; and
2. Regular Cash Back: The amount earned under your Regular Cash Back Program Rate will be credited to your Account as described in  the Program Terms.

The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

EXAMPLE: If the Regular Cash Back Program Rate for gas purchases is 1% then the Cash Back Top Up Rate will be 9% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category during the Promotional Period up to a total of $1,500 in purchases.

If you make $1,500 in eligible everyday purchases in your first 3 months in the 1% Cash Back category, your cash back earnings will be credited to your Account as follows:

1. the Cash Back Top Up Rate earnings of $135 (9% x $1,500) will be applied to your Account within approximately 7 months from the Account open date if you have met the Cash Back Bonus conditions, and
2. the regular Cash Back Program Rate earnings of $15 (1% x $1,500), will be applied to your Account in accordance with the Program Terms.

All other terms and conditions of the Program Terms continue to apply during and after the Promotional Period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

Offer Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank business credit card in the past 2 years, including those that switch from an existing Scotiabank business credit card, are not eligible for the Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer. By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.

Rates and Fees: There is no annual fee on this card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 21.99% on purchases and 23.99% on Cash Advances.

⁴1% CASH BACK EARN RATE: You will earn 1% Cash Back on your Business Purchases made on your Scotia Momentum® for business No Fee Visa* Card Account. 

Only Purchases earn Cash Back.  Cash Advances including balance transfers and cash-like transactions fees, interest, returns, refunds or other similar credits do not qualify for Cash Back. 

ANNUAL SPEND LIMITS: There are no annual limits on the Cash Back you can earn as outlined in these Cash Back Program Terms.  See full terms and conditions of the “Cash Back Program Terms and Conditions” at Scotiabank.com/terms/momentum-no-fee-business.

⁵  Visa's Zero Liability Policy covers Canada-issued cards and does not apply to anonymous Visa Prepaid*, Visa Purchasing, Visa Corporate, Visa Commercial, or any transactions not processed by Visa. Visa Cardholders must notify their financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please refer to your issuer cardholder documentation.

⁶ Scotia Business Loan Protection is underwritten by The Canada Life Assurance Company: Tel: 1-800-387-2671, www.canadalife.com under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.

⁷ Cardholders with a Scene+ membership who link their  Scotia Momentum® for business No Fee Visa* Card and their Scene+ account to a Shell Go+ Account can get up to 6 cents per litre in instant fuel discounts, Cash Back, and Scene+ Points Value when they purchase eligible fuel with their linked credit card:

• Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.
• Earn 1 cent per Litre in Cash Back: When you use your Scotia Momentum for business Visa card on Fuel Purchases (All Grades) you will earn 1% Cash Back on eligible Net Purchases at Gas Stations (Merchant Category Codes (“MCC”: 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn Cash Back. This benefit is subject to the Scotia Momentum for business No Fee Visa Card Cash Back Program Terms and Conditions. 
• Scene+ Members earn up to 2 cents per Litre in Scene+ Points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power^®* gasoline or V-Power^®* diesel purchased (“Premium Fuel Purchases”). Scene+ Points Value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.

Note: Highest value of 6 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum for business No Fee Visa card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.

⁸ The savings of up to 25% applies to Avis base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. Avis Preferred Plus membership and services are provided by a third party. The Bank of Nova Scotia and its affiliates are not responsible for Avis Preferred Plus membership and services.

⁹ Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpayforbusiness to learn more.

¹⁰ Visa SavingsEdge is an automated discount program offered by Visa Canada Corporation ('Visa Canada') to eligible businesses and their authorized cardholders that hold an eligible Visa Business card and whose enrolment in the program is accepted by Visa. Under the program, cardholders can receive discounts from participating merchants each time the cardholder uses an enrolled Visa Business card to make qualifying purchases of goods or services pursuant to an active discount offered by the merchant and that transaction is processed or submitted through the Visa payment system. Discounts provided will appear as credits on future credit card statements 8-10 weeks after purchase date. Visa Canada, not Scotiabank, is responsible for the Program. For details, visit www.visasavingsedge.ca. 

¹¹ The Visa Spend Clarity for Business service is provided by Visa Canada. The Bank of Nova Scotia and its affiliates are not responsible for the Visa Spend Clarity for Business service.

* Under all insurance coverages or services, certain limitations, restrictions and exclusions apply. Please see the Certificates of Insurance for full coverage details. Coverages are underwritten by First North American Insurance Company (FNAIC), a wholly owned subsidiary of The Manufacturers Life Insurance Company (Manulife). The Bank of Nova Scotia is not an insurer.  If there is a conflict between the above descriptions and the Certificates of Insurance, the certificate shall prevail.  Insurance inquiries or claims must be forwarded to the insurance provider.