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Side by Side Credit Cards Comparison
Scotia Momentum® Mastercard®* Credit CardVSScotia Momentum® No-Fee Visa* Card
Which one is better?
Scotia Momentum® Mastercard®* Credit Card
2.0
Scotia Momentum® No-Fee Visa* Card
2.9
Welcome Bonus
7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0)
Welcome Bonus
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance, 22.99% after that; annual fee $0)
Our Cash Offer
N/A
Our Cash Offer
$50 Cash Rebate offer from FinlyWealth
Rewards Breakdown
Annual Rewards
$163.27
First Year Bonus Value
+
$0
Annual Fee
-
$0
First Year Value
$163.27
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$152.73
First Year Bonus Value
+
$100
Annual Fee
-
$0
Finly Rebate
+
$50Exclusive Offer
First Year Value
$302.73
$152.73 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
- 1% cashback on gas, groceries, drug store and recurring payments
- 0.5% cashback on all other credit card purchases.
How to Earn Rewards
- 1% cash back on gas, groceries, drug store and recurring payments
- 0.5% cash back on all other credit card purchases (unlimited).
Insurance Included
N/A
Insurance Included
N/A
Extra Benefits
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Extra Benefits
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Interest Rates
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Interest Rates
Purchase:
19.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Annual Fee
$0
Annual Fee
$0
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
$12,000
Min Household Income:
N/A
Is this card worth it?
The Scotiabank Momentum Mastercard stands out as a solid no-fee option for those looking to earn cash back on everyday categories like gas and groceries. With 1% cash back in key spending categories and wide acceptance, it’s a practical card to keep in your wallet, especially if you're a regular Costco shopper. While it lacks insurance coverage, the absence of an annual fee and the consistent cash back on essentials make it a good entry-level card for budget-conscious users.
Is this card worth it?
The Scotiabank Momentum® No-Fee Visa* Card is ideal for those seeking a straightforward, entry-level credit card to build their credit while earning modest cash back on everyday purchases like groceries, gas, and bills. With no annual fee, a competitive balance transfer offer, and a high spending cap, it's a practical choice for young adults or newcomers who want to earn rewards without the complexities of more premium cards.
Pros
- No annual fee, making it a low-cost option for cardholders.
- 1% cash back on gas, groceries, drugstores, and recurring bill payments.
- Mastercard acceptance, including at Costco.
Pros
- No Annual Fee: Enjoy cash back rewards without any annual cost.
- Welcome Offer: Get 5% cash back on purchases for the first three months (up to $100).
- Cash Back Rewards: Earn up to 1% cash back in select categories.
Cons
- Poor base earn rate of 0.5% on other purchases.
- No insurance coverage, not even purchase protection.
Cons
- Lower Earn Rate: Offers a below-average cash back rate compared to other cards.
- Annual Redemption: Cash back can only be redeemed once per year.
- Lacks Insurance Coverage: No travel or consumer insurance, including purchase protection and extended warranty.
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Legal
†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. Check here for full details and current product information.
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.