scotia momentum mastercard

Scotia Momentum® Mastercard®* Credit Card

APPLY NOW
Scotiabank® Scene+ Visa Card

Scotiabank® Scene+ Visa Card

APPLY NOW

Scotia Momentum® Mastercard®* Credit Card vs Scotiabank® Scene+ Visa Card: Which one is better?


scotia momentum mastercard

Scotia Momentum® Mastercard®* Credit Card

3


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Scotiabank® Scene+ Visa Card

Scotiabank® Scene+ Visa Card

3.3


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Finly Rebate

N/A

Rewards Breakdown

Annual Rewards

$168.07


First Year Bonus Value

$0


Annual Fee

$0


First Year Value

$168.07

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$245.65

Scene+


First Year Bonus Value

$50

Scene+


Annual Fee

$0


First Year Value

$295.65

$245.65 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

N/A

Insurance Included*

N/A

Extra Benefits*

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

Extra Benefits*

  • car rental

    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:

20.99%2

Cash Advance:

22.99%2

Balance Transfer:

22.99%2

Annual Fee*

$0

Annual Fee*

$0

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus*

7.99% introductory interest rate on purchases for the first 6 months (20.99% after that; annual fee $0)

Welcome Bonus*

Earn 2,500 bonus Scene+ points by making at least $250 in everyday eligible purchases in your first 3 months. You are eligible to earn an additional 2,500 Scene+ point bonus when you spend at least $1,000 in everyday eligible purchases in your first 3 months. Terms Apply.

Rewards Rate*

  • 1% cashback on gas, groceries, drug store and recurring payments
  • 0.5% cashback on all other credit card purchases.

Rewards Rate*

  • Earn 2x Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
  • Earn 2x Scene+ points for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
  • Earn 2x Scene+ points for every $1 you spend at Cineplex theatres or online at cineplex.com
  • Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
  • Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia

Loyalty Program*

N/A

Loyalty Program*

Point Redemption Options*

Not Applicable

Point Redemption Options*

  • entertainment popcorn

    Entertainment

    1¢ / point
  • travel - plane

    Travel

    1¢ / point
  • groceries

    Groceries (Sobeys)

    1¢ / point
  • food location

    Restaurants

    1¢ / point
  • online shop

    Merchandise

    0.76¢ / point
  • gift card

    Gift Cards

    0.74¢ / point
  • cash coins

    Statement Credits (Cash)

    0.7¢ / point

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?

We like this card because it offers solid rewards with no annual fee, including the opportunity to earn up to 5,000 bonus Scene+ points within the first 3 months. With 2x Scene+ points on purchases at popular grocery stores, home improvement retailers, and Cineplex, plus 1x points on all other purchases, it's a great option for maximizing everyday spending.

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 all the benefits without any yearly cost.
  • Universal Rewards: Earn rewards on every purchase, no matter where you shop.
  • Flexible Redemption: Redeem your rewards with a variety of options tailored to your needs.

Cons

  • Poor base earn rate of 0.5% on other purchases.
  • No insurance coverage, not even purchase protection.

Cons

  • Limited Accelerated Categories: Fewer opportunities to earn bonus points in specific categories.
  • Specific Grocery Partners: Rewards at grocery stores are limited to select partners.
  • Lacks Travel Insurance: Missing some of the common travel insurance coverages offered by other cards.

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.
2 Rates, fees and other information are effective as of March 3, 2025. Subject to change.

We may earn a commission for some of the products featured on this site. The content and reviews on FinlyWealth are independent and not influenced by advertisers. For the latest details on any product, please visit the advertiser's official website. The content provided on this website, including any credit card recommendations, is for informational and entertainment purposes only and does not constitute financial, legal, or tax advice. The owner and author(s) of this website are not financial, legal, or tax professionals. All views and opinions expressed herein are solely those of the author(s) and may not reflect the best choice for your unique situation. Always consult with a qualified professional before making any financial decisions. The owner and author(s) of this website shall not be held liable for any inaccuracies, errors, or omissions in the content or any resulting actions taken by readers.

Copyright © FinlyWealth 2025 All Rights Reserved.