Scotia Momentum® Mastercard®* Credit Card Review
The Bottom Line
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.
on Scotiabank's website
Welcome Bonus
7.99% introductory interest rate up to 6 months
Annual Fee
$0
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Rewards
- 1% cashback on gas, groceries, drug store and recurring payments
- 0.5% cashback on all other credit card purchases.
Benefits
Details
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility
Credit Score
GoodAnnual Income
N/A
Welcome Bonus Details
Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.99%
Balance Transfer APR
22.99%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Decent everyday cashback
- Wide acceptance
- Costco acceptance
- Car rental discounts
Cons
- Low base earn rate
- No insurance
Get personalized rewards estimates — see exactly how much you could earn.
Scotia Momentum® Mastercard®* Credit Card Cash Back Calculator