Scotia Momentum® No-Fee Visa* Card

Scotia Momentum® No-Fee Visa* Card

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Scotiabank® Scene+ Visa Card

Scotiabank® Scene+ Visa Card

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Scotia Momentum® No-Fee Visa* Card vs Scotiabank® Scene+ 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

Scotiabank® Scene+ Visa Card

Scotiabank® Scene+ Visa Card

3.3


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

$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:

19.99%

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:

$12,000

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

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*

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

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® 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?

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: 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

  • 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

  • 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 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.

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