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3.1
/5
Scotiabank
Visa
Scotia Momentum® Visa* CardCash Back Calculator
2.99% introductory interest rate on balance transfers up to 6 months
Our Take
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.
Exclusive · From FinlyWealth$60 rebate
Card Details
Interest Rates
Purchase: 19.99%
Cash Advance: 22.99%
Balance Transfer: 22.99%
Promotional Rates
Balance Transfer: 2.99%
Promotional Period: 6 months
Annual Fees
Main Card: $39
Additional Cards: $15
Annual Income
Personal: $12,000
Household: N/A
Credit Score Estimate
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
3.1/5
Institution
Scotiabank
How You Earn Rewards
- 2% cash back on gas, groceries, transit, rideshare, food delivery, drug store and recurring payments (maximum $500 annually)
- 1% cashback on all other credit card purchases.
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
2 insurance
1 benefit
Insurance
Coverage
Extended Warranty
1 year
Purchase Protection
90 days
Benefits
Details
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Pros & Cons
Pros
- Decent optimization
- Low balance transfer rate
- Low annual fee
- Car rental discounts
Cons
- Limited insurance
- Annual redemption
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.