National Bank Platinum Business Mastercard vs Scotia Momentum® for business No Fee Visa* Card
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
$437
$418
Every year after
$302
Scotia Momentum® for business No Fee Visa* Card is worth $19 more to your business in year one.
From year two, National Bank Platinum Business Mastercard pulls ahead by $116 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 17 of your 17 categories.
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® for business No Fee Visa* Card
Earn 10% cash back on up to $1,500 in purchases for the first 3 months1
National Bank Platinum Business Mastercard
No welcome bonus to work towards right now.
Scotia Momentum® for business No Fee Visa* Card
Worth $135 at your spending
10% cash back on the first $1,500 in 3 months
$135
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® for business No Fee Visa* Card
Interest rates
Purchase:
21.99%
Cash Advance:
23.99%
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® for business No Fee Visa* Card
- 1% cash back on everyday purchases for your business4
Insurance and perks
What both cards include comes first in each list.
National Bank Platinum Business Mastercard
Insurance
Extended Warranty
2 years
Purchase Protection
180 days
Lost or Stolen Baggage
$1,000
Baggage Delay
$500.svg)
Car Rental Damage & Theft
Up to 48 days
Common Carrier Travel Accident Insurance
$250,000Flight Delay
$500
Perks
No extra perks.
Scotia Momentum® for business No Fee Visa* Card
Insurance
Extended Warranty*
Up to a yearPurchase Protection*
90 days
Mobile Device Insurance*
Up to 1,000
Visa Zero Liability5
Liability for unauthorized transactions is $0. Restrictions and exclusions apply.
Scotia Business Loan Protection 6
Up to $2,000,000
Perks
Car Rental Discount8
Save up to 25% off base rates at participating AVIS and Budget locations.svg)
Gas Discount7
Get up to 6¢/L in value at Shell
Discount10
Unlock coupons for savings and rewards at participating retailers with Visa SavingsEdge
Scotia SelectPay9
Set up monthly installment payments for purchases over $100
Expense Management Tools11
Enrol in Visa Spend Clarity to access a suite of Visa tools to manage expenses and savings
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® for business No Fee Visa* Card
The Scotia Momentum for business No Fee Visa Card is a solid and affordable business credit card with straightforward cash back, everyday and business-oriented benefits, plus decent coverage. If you don't need a travel or premium-tier business credit card, this is a top option.
- No annual fee
- Welcome bonus
- Business-oriented benefits
- Business Loan Protection
- Limited rewards
- No premium travel perks
- Foreign transaction fees
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 Business Visa
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® for business No Fee Visa* Card
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 Business Visa
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® 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:
- 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
- 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:
- 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
- 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.
