National Bank Platinum Business Mastercard vs Scotia Momentum Business Visa
Both business cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.
Worked out on a typical small business spending $4,000 a month. Enter yours to see your own numbers.
$418
First-year value
$819
$418
Every year after
$559
Scotia Momentum Business Visa is worth $401 more to your business in year one.
It stays ahead after that, by $141 a year.
How the first year adds up
Rewards and the welcome bonus in, the annual fee, FX fees and employee cards out, at your spending.
Annual rewards
Welcome bonus
Annual fee
FX fees
First-year value
Where each card earns
A year of your spending on each card, category by category, biggest spend first.
National Bank Platinum Business Mastercard earns more on 11 of your 17 categories, Scotia Momentum Business Visa on 6.
All Other Business Expenses
$12,600 a year
US Dollar Purchases
$6,150 a year
Recurring Bills & Subscriptions
$4,800 a year
Gas & EV Charging
$3,600 a year
Dining & Restaurants
$3,600 a year
Office Supplies
$3,000 a year
Phone, Internet & Cable
$2,400 a year
Hotels
$1,800 a year
Shipping & Courier
$1,800 a year
Accounting & Bookkeeping
$1,800 a year
Other Foreign Currencies (EUR, GBP, etc.)
$1,230 a year
Electronics & Software
$1,200 a year
Air Canada
$1,200 a year
Transportation
$1,200 a year
Other Airlines
$600 a year
Car Rental
$600 a year
Other Travel
$600 a year
Rewards in a year
Welcome bonus
Each offer as the issuer words it, then which milestones your spending reaches.
National Bank Platinum Business Mastercard
No welcome bonus right now.
Scotia Momentum Business Visa
Earn 5% cash back on up to $6,500 in purchases in the first 3 months.1 Plus, pay 2.99% on balance transfers for the first 6 months.1
National Bank Platinum Business Mastercard
No welcome bonus to work towards right now.
Scotia Momentum Business Visa
Worth $260 at your spending
5% cash back on up to $6,500 in 3 months
$260
Fees, rates and eligibility
What each card costs to hold and to use abroad, and who it's for.
Annual fee
Employee cards
Foreign transaction fee
Rewards
Network
National Bank Platinum Business Mastercard
Interest rates
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Recommended credit score
Income required
Min Personal Income:
N/A
Min Household Income:
N/A
Scotia Momentum Business Visa
Interest rates
Purchase:
19.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Recommended credit score
Income required
Min Personal Income:
N/A
Min Household Income:
N/A
How each card earns
The earn rates and caps, as each issuer sets them.
National Bank Platinum Business Mastercard
- Earn 1.5 points per dollar spent,6 with no purchase limit
- Earn an additional 1.5 points for every $1 spent on eligible purchases with À la carte TravelTM agrency6
- Combine your accumulated points with your personal National Bank rewards card
Scotia Momentum Business Visa
- 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments2
- 2% Cash Back on Shipping and Accounting and Bookkeeping Services2
- 1% cash back on all other everyday purchases for your business2
- 25-day interest-free grace period on new purchases3
Insurance and perks
What both cards include comes first in each list.
National Bank Platinum Business Mastercard
Insurance
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Car Rental Damage & Theft
Up to 48 days
Extended Warranty
2 years
Purchase Protection
180 days
Lost or Stolen Baggage
$1,000
Baggage Delay
$500
Common Carrier Travel Accident Insurance
$250,000Flight Delay
$500
Scotia Momentum Business Visa
Insurance
Car Rental Damage & Theft
YesExtended Warranty
1 yearPurchase Protection
90 days
Travel Medical Insurance (64 & under)
Up to 8 daysTravel Medical Insurance (65 to 75)
Up to 3 days
Our take
National Bank Platinum Business Mastercard
A flat 1.5 points per dollar on everything, no caps, no category juggling. For businesses with varied spending that don’t want to think about optimizing categories, this card keeps it simple. The $125 annual fee is reasonable and the points never expire as long as your account is open. The trade-off is that you’re locked into National Bank’s À la carte Rewards for the best value — and the insurance and travel perks are minimal compared to what you’d get from premium cards at a similar price point. Best for businesses that value predictability over maximum return.
- Earn 1.5 points per $1 spent with no purchase limit
- Available regardless of company size or industry
- Ability to combine points with a personal National Bank rewards card
- $125 annual fee ($50 per additional card)
- Points program is most valuable within National Bank’s rewards ecosystem
- Limited insurance coverage compared to premium competitors
Scotia Momentum Business Visa
One of the strongest cashback cards for businesses that spend heavily on gas, dining, office supplies, and recurring payments — 3% back in those categories with a generous $50,000 annual cap. At just $79/year, it doesn’t take much spending to come out well ahead. The 1% base rate on everything else is decent too. It comes with a very strong cash back welcome bonus, and the promotional 2.99% balance transfer rate can be useful if you’re consolidating business debt. Skip this if you want travel perks or lounge access — it’s purely a cashback play, and a good one.
- Strong cashback
- High annual spending cap
- Reasonable annual fee
- Promotional balance transfer rate
- Interest-free grace period
- Low-fee employee cards
- Visa SavingsEdge discounts
- Extensive travel medical insurance
- Foreign transaction fees
- Limited travel perks
- Annual redemption
- Basic insurance
More business card comparisons
Each card against every other business card we review.
National Bank Platinum Business Mastercard
vs Amex Aeroplan Business Reserve
vs Amex Business Gold
vs Amex Platinum Business
vs BMO CashBack Business Mastercard
vs BMO® Ascend World Elite®* Business Mastercard®*
vs CIBC Aventura® Visa* Card for Business
vs CIBC bizline® Visa* Card
vs Marriott Bonvoy® Business American Express® Card
vs National Bank Business Mastercard
vs Ramp Corporate Card
vs RBC Avion Visa Infinite Business Credit Card
vs RBC® Business Cash Back Mastercard‡
vs Scotia Momentum® for business No Fee Visa* Card
vs Scotiabank Passport Business
vs TD Business Cash Back Visa* Card
vs TD Business Travel Visa* Card
vs TD® Aeroplan® Visa* Business Card
vs The RBC Avion Visa Business Credit Card
vs WestJet RBC® World Elite Mastercard® for Business
Scotia Momentum Business Visa
vs Amex Aeroplan Business Reserve
vs Amex Business Gold
vs Amex Platinum Business
vs BMO CashBack Business Mastercard
vs BMO® Ascend World Elite®* Business Mastercard®*
vs CIBC Aventura® Visa* Card for Business
vs CIBC bizline® Visa* Card
vs Marriott Bonvoy® Business American Express® Card
vs National Bank Business Mastercard
vs Ramp Corporate Card
vs RBC Avion Visa Infinite Business Credit Card
vs RBC® Business Cash Back Mastercard‡
vs Scotia Momentum® for business No Fee Visa* Card
vs Scotiabank Passport Business
vs TD Business Cash Back Visa* Card
vs TD Business Travel Visa* Card
vs TD® Aeroplan® Visa* Business Card
vs The RBC Avion Visa Business Credit Card
vs WestJet RBC® World Elite Mastercard® for Business
Legal
National Bank Platinum Business Mastercard
Little details that matter
Length of the welcome promotion
From March 4 to September 16, 2025.
Eligibility conditions
- Sign up for a National Bank Platinum Business Mastercard® credit card during the promotion as a primary cardholder.
- Not have held one of our business Mastercard credit cards from National Bank over the past 24 months as a business primary cardholder.
- Keep the credit card account open until rewards points are paid.
- Keep the account in good standing by complying with the conditions set out in the Cardholder Agreement for Mastercard®Business Cardsopens in a new tab until the rewards points are paid. For example, all minimum payments must be made on time.
- Not be employed by National Bank or one of its subsidiaries.
Description of the promotion
Up to up to 60,000 rewards points after signing up and annual fees reimbursed for the first year for the primary cardholder and the first additional authorized user.
Annual fees
No annual fees for the first year for the primary cardholder and the first additional authorized user.
We will charge annual fees to the account of your new card and reimburse those fees to you. You will receive this reimbursement within five months of opening your account, provided that your account remains open. It will appear on your statement in the form of a credit.
To benefit from the annual fee discount for the first additional authorized user’s card, you must add it to the account opening request.
Annual fees associated with cards for other authorized users are not eligible for this promotion.
Points offered | Conditions | When points are awarded to the account |
|---|---|---|
30 000 | $5,000 in purchases in the first three months | At the end of the fifth month following the membership. |
30 000 | $20,000 in purchases per month for the first 12 months | At the end of the fifteenth month following the membership. |
How total purchases are calculated
The calculation is for the total amount of purchases made through all cards linked to the account. The transactions not included in the calculation are set out in article 1.5 of the À la carte Rewards Planopens in a new tabTM.
Other conditions
- You can only take advantage of the promotion once.
- Issuance of the card is subject to credit approval by National Bank of Canada. Other conditions apply to the issue of the card.
- This promotion may not be combined with any other promotion or offer applicable to National Bank credit cards, nor is it retroactive.
- This promotion may be modified or withdrawn without notice.
| $1 purchase = 1.5 points You can earn points even faster by making your purchases through the À la carte Travel™ online agency. |
|---|---|
| The À la carte™ Rewards Plan gives you the freedom to travel without restrictions with the travel provider or carrier of your choice. For information on travel discounts, visit rewards.nbc.ca. |
| With the À la carte Travel™ online agency, reduce the cost of your packages and airline tickets by redeeming your points. Additionally, you can plan your entire trip by booking hotels, cruises, vehicles and other services. |
| Visit Plan rules for all the details. |
Summary and insurance certificate
Consult the Purchase protection summaryopens in a new tab | Travel insurance summary | Insurance Certificate [PDF].
Compensation plan in the event of fraud
Up to $ 10,000 (see the Cardholder Agreement)
Purchase protection in the event of theft or damage 4
180-day purchase protection following the date of purchase
Extended warranty 4
Triple the manufacturer's warranty, up to 2 additional years
Flight departure delay insurance 4
Up to $500 per person (over 4 hours)
Baggage insurance in case of theft or loss 4
Up to $1,000 per person
Baggage insurance in case of delay 4
Up to $500 per person (over 6 hours)
Vehicle rental insurance 4
Against collision, theft or damage for a period of 48 days or less (theft of personal effects up to $2,000)
Travel insurance in case of accident aboard public transit 4
Up to $250,000
Safe online purchases
Mastercard® ID CheckTM is a service that protects you against fraud by verifying your identity when making online purchases.
Easy Savings Program 5
With the Mastercard Easy Savings Programopens in a new tab you automatically receive discounts on eligible purchases at participating merchants. For a list of participating merchants, go to mastercard.ca/easysavings.
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À la carte Rewards Centre |
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®Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
®À LA CARTE REWARDS PLAN is a registered trademark of National Bank.
™À LA CARTE TRAVEL and À LA CARTE REWARDS are trademarks of National Bank of Canada. À la carte Travel is owned by Transat Distribution Canada Inc., holder of permit No. 753141 in Quebec.
1. Some restrictions apply. For more information, see the Rewards Plan section or the Points Earning Plan Rules.opens in a new tab
2. This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card, and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your cardopens in a new tab.
3. Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you are a business that chose the corporate responsibility, please refer to the cardholder agreement and account statement. Account statement: A statement is sent monthly.
| Average balance | |
|---|---|---|
Annual interest rate | $500 | $3,000 |
22.99% | $9.45 | $56.69 |
20.99% | $8.63 | $51.76 |
14.5% | $5.96 | $35.75 |
11.7% | $4.81 | $28.85 |
*Variable interest rate in effect on April 24, 2023.
4. Subject to credit approval from National Bank. The total of all amounts transferred cannot exceed $5,000.
5. Certain conditions apply. Visit mastercard.caopens in a new tab for more information. Refer to the credit card terms and conditions.
6. Certain restrictions apply. You must, therefore, first pay for your trip in full with an eligible credit card to redeem your points. Your travel credit will take effect approximately 72 hours after the exchange. For more information, consult the Rewards plan section or the Plan rulesopens in a new tab regarding how to earn points.
National Bank is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for a National Bank Card, (I/we) may receive compensation from National Bank, which can be in the form of monetary payment.
Scotia Momentum Business Visa
1 Offer Description and Conditions: The 5% Cash Back and Introductory 2.99% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum® for business Visa* Card accounts (“Accounts”) that are opened, and any additional cards on the Account issued, between May 1, 2026 and October 31, 2026 (regardless of the date you apply for the Account) subject to the conditions below. 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.
5% Cash Back Offer Description and Conditions: You will earn 5% cash back on the first $6,500 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 payments, cash advances (including balance transfers and cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum® for business VISA* Cash Back Program Terms and Conditions (the “Program Terms”). The 5% Cash Back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus 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: Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within approximately 7 months from the Account open date; and
- Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the redemption terms as set out under 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 shipping/accounting services category is 2% then the Cash Back Bonus Rate will be 3% for that category so that you will earn a total of 5% on the amount of all eligible everyday purchases in that category during the Promotional Period.
If you make $2,000 in eligible everyday purchases in the 2% Cash Back category, your cash back earnings will be credited to your Account as follows:
- the Cash Back Bonus earnings of $60 (3% x $2,000) 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 then available for redemption (min $25) as per the Program terms applicable to your Account, and
- the Regular Cash Back earnings of $40 (2% x $2,000), will be applied to your Account and available for redemption (min $25) as per the Program terms applicable to your Account.
All other terms and conditions of the Program Terms continue to apply during the Promotional Period.
Introductory 2.99% Balance Transfer Rate Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate Offer (the “BT Rate Offer”) applies only to eligible balance transfers, subject to the conditions below. This introductory rate applies for 6 months from date of Account opening (the “Promo Rate Period”). After the Promo Rate Period, the introductory 2.99% interest rate on any balance transfers made during the Promo Rate Period will increase to the preferred interest rate on cash advances (currently 22.99%). There is no balance transfer fee applicable to balance transfers made during the Promo Rate Period. This BT Rate Offer is subject to the approved credit limit on your Account as of the date of this BT Rate Offer. This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this BT Rate Offer was provided to you, it may not be processed. This BT Rate Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. All other terms and conditions of the Program Terms continue to apply during the Promo Rate Period.
Losing your promotional rate: If we don’t receive the minimum payment on your Account by the payment due date on your statement, two consecutive times, you will lose the benefit of this promotional BT Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 27.99% on Cash Advances).
How we apply payments: Your payment cannot be applied to the balance(s) of your choice: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. See your credit card agreement for more information about how we apply payments to your Account.
Rates and Fees: The current annual fee is $79 for the primary card and $29 for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on Cash Advances.
All rates, fees, features, and benefits are outlined in the Welcome Kit you will receive if approved and are subject to change.
2 3% CASH BACK EARN RATE: You will earn 3% Cash Back on eligible purchases on your account at gas stations, electrical vehicle (EV) charging, restaurants, office supply stores, and on recurring bill payments. 3% Cash Back applies at merchants that are classified in the payment network associated with your account as: service stations (with or without ancillary services) and automated fuel dispensers; restaurants, fast food restaurants and bars; stationery and office supply stores; and recurring payments (Merchant Classification Codes (“MCC”): 5541, 5552 & 5542; 5812, 5813 & 5814; and 5111 & 5943). Recurring payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your account. Recurring payments typically include telecommunication, insurance, memberships, and subscription-based purchases. Not all merchants offer recurring payments. Please contact your merchant to confirm whether they offer recurring credit card payments. 2% CASH BACK EARN RATE: You will earn 2% Cash Back on eligible purchases on your account for shipping and accounting or bookkeeping services. 2% Cash Back applies at merchants which are classified in the payment network as shipping (MCC: 4214 and 4215) and accounting or bookkeeping services (MCC 8931). ANNUAL SPEND LIMIT ON 3% AND 2% EARN RATE CATEGORIES (the “Accelerated Earn Rates”): The combined Cash Back that can be earned on eligible purchases under the 3% and 2% earn rate categories (the Accelerated Earn Rates) will be capped at $40,000 in purchases annually. See “ANNUAL SPEND LIMITS” for more information. 1% CASH BACK EARN RATE (the “Regular Earn Rate”): You will earn 1% Cash Back on eligible Purchases made on your Account after you have reached the combined annual spend limit of $40,000 on the 3% and 2% earn categories (the “Overflow”) and on all other eligible Purchases made with the Account. ANNUAL SPEND LIMITS: There are annual limits on the Cash Back you can earn at Accelerated Earn Rates, as outlined in these Cash Back Program Terms (scotiabank.com/ terms/momentumbusiness). These limits are based on purchases posted to your account annually, calculated from the first day of the statement period of the month your account was opened (“Account opening date”). The annual spend limit resets every 12 months from the statement period of the month of your Account opening date. Once you reach the annual spend limit for any Accelerated Earn Rate(s), you will continue to earn Cash Back at the Regular Earn Rate.
3 Account must be open and in good standing to earn and redeem Cash Back. You must have earned a minimum of $25 Cash Back to be able to redeem. Only primary cardholders can redeem. Supplementary cardholders are not eligible to redeem Cash Back. Cash Back will be credited to the primary cardholder’s account within 3- 5 days from the day the redemption request is made. Cash Back will be displayed and available for redemption (after monthly calculation) and posted in the next statement cycle after such calculation has been completed by us. Cash Back will continue to accrue until redemption is made. There is no limit to Cash Back that can be earned. For complete details on how to redeem Cash Back, please see the “Cash Back Program Terms and Conditions” at Scotiabank.com/ terms/momentumbusiness.
5 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 enroled 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. The following Scotiabank VISA Business cards are eligible for this program: Scotia Momentum for business Visa* card, Scotia Gold Passport for business Visa* card, ScotiaLine for business Visa* Card and Scotiabank Visa* Business Card.
See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
