Scotia Momentum® Mastercard®* Credit Card vs Scotiabank Value® Visa* Card: Which one is better?
Scotia Momentum® Mastercard®* Credit Card
3
Scotiabank Value® Visa* Card
5
Finly Rebate
N/A
Finly Rebate
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
N/A
Insurance Included*
N/A
Insurance Included*
Balance Protection
optional
Extra Benefits*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Extra Benefits*
Car Rental Discount
Avis car rental discount up to 25% worldwide
Interest Rates*
Purchase:
20.99%
Cash Advance:
22.99%
Balance Transfer:
22.99%
Interest Rates*
Purchase:
13.99%2
Cash Advance:
13.99%2
Balance Transfer:
13.99%2
Annual Fee*
$0
Annual Fee*
$29
$0
First Year Waived
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*
0.99% introductory interest rate on balance transfers for the first 9 months (2% fee per cash advance, 13.99% after that; annual fee $29). Plus no annual fee in the first year.
Rewards Rate*
- 1% cashback on gas, groceries, drug store and recurring payments
- 0.5% cashback on all other credit card purchases.
Rewards Rate*
This card does not earn rewards on purchases but instead offers much lower interest rates.
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?
This is a great card for those who carry a balance every month and want to take advantage of much lower interest rates compared to most other cards. It also comes with a great introductory balance transfer rate for a limited number of months.
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
- A great low introductory interest rate on balance transfers
- Only 13.99% interest rate on purchases, balance transfers, and cash advances.
Cons
- Poor base earn rate of 0.5% on other purchases.
- No insurance coverage, not even purchase protection.
Cons
- No rewards on daily purchases
- Limited insurance
vs Scotiabank Gold American Express® Card
vs Scotiabank American Express® Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotia Momentum® Visa* Card
vs Scotia Momentum® No-Fee Visa* Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotiabank Platinum American Express® Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
vs Scotiabank Gold American Express® Card
vs Scotiabank American Express® Card
vs Scotiabank® Scene+ Visa Card
vs Scotiabank Passport® Visa Infinite* Card
vs Scotia Momentum® Visa* Card
vs Scotia Momentum® No-Fee Visa* Card
vs Scotia Momentum® Visa Infinite* Card
vs Scotiabank Platinum American Express® Card
vs Scotiabank Passport® Visa Infinite* Privilege Card
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