Scotia Momentum® No-Fee Visa* Card

Scotia Momentum® No-Fee Visa* Card

APPLY NOW
Scotia Momentum® Visa* Card

Scotia Momentum® Visa* Card

APPLY NOW

Scotia Momentum® No-Fee Visa* Card vs Scotia Momentum® Visa* Card: Which one is better?


Scotia Momentum® No-Fee Visa* Card

Scotia Momentum® No-Fee Visa* Card

2.9


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Scotia Momentum® Visa* Card

Scotia Momentum® Visa* Card

3.1


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$157.53


First Year Bonus Value

$100


Annual Fee

$0


First Year Value

$257.53

$157.53 in years after

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

Rewards Breakdown

Annual Rewards

$315.05


First Year Bonus Value

$0


Annual Fee

$39


First Year Value

$276.05

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

Insurance Included*

N/A

Insurance Included*

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

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:

19.99%

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*

$39

Income Required*

Min Personal Income:

$12,000

Min Household Income:

N/A

Income Required*

Min Personal Income:

$12,000

Min Household Income:

N/A

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)

Welcome Bonus*

Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)

Rewards Rate*

  • 1% cash back on gas, groceries, drug store and recurring payments
  • 0.5% cash back on all other credit card purchases (unlimited).

Rewards Rate*

  • 2% cashback on gas, groceries, drug store and recurring payments (maximum $500 annually)
  • 1% cashback on all other credit card purchases.

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.

Is this card worth it?

The Scotiabank Momentum Visa is a low annual fee cash back card that offers impressive earn rates on a variety of everyday spending categories, making it an excellent choice for those who want to maximize rewards without the higher cost of its Visa Infinite counterpart.

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.

Pros

  • Cash Back Rewards: Earn up to 2% cash back on purchases.
  • Low Balance Transfer Rate: Benefit from a 2.99% rate on balance transfers for the first 6 months.
  • No Welcome Bonus: No initial sign-up bonus, keeping things straightforward.

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.

Cons

  • Limited Insurance Coverage: Only basic insurance is included.
  • Annual Rewards Payout: Cash back rewards are paid out once a year as a statement credit.

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.

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