Scotia Momentum® Visa* Card

Scotia Momentum® Visa* Card

3.1/5

2.99% introductory interest rate on balance transfers up to 6 months

Apply Now

Scotia Momentum® Visa* Card

Scotia Momentum® Visa* Card

Apply Now

Rewards Calculator Algorithm

You can estimate your rewards by inputting your monthly or yearly spending habits.

Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

$2,000

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

$

Gas

$

Transportation

$

Entertainment (Movies, Concerts, etc.)

$

Foreign Purchases (Non $CAD)

$

Travel (Flights, Hotels, etc.)

$

Pharmacy

$

Online Shopping

$

Home Improvement (Renovation, Furniture)

$

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

$

Other Purchases Not Specified

$

Card Details

Based on $2,000 spending

First Year Value

$276.05

$276.05 in years after

Annual Rewards

$315.05

First Year Bonus

$0

Annual Fee

$39

First Year Value

$276.05

Interest Rates

Cash Advance: 22.99%

Purchase: 19.99%

Balance Transfer: 2.99% introductory for 6 months, then 22.99%

Annual Fee

$39

Annual Income

Personal: N/A

Household: N/A

Credit Score

Good

Welcome Bonus

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

Card Type

Cash Back

Our Rating

3.1/5

Institution

Scotiabank

Rewards


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

Scotia Momentum® Visa* Card Cash Back Calculator

Based on $2,000 spending


Rewards Breakdown

Groceries, Pharmacy, Gas, Recurring Transactions

$169.04


All other purchases

$146.01


Annual Fee

- $39


Net Annual Rewards

$276.05

(after fees)

Rewards Summary

Net Annual Rewards

$276.05

(after fees)


First Year Card Bonus

$0


First Year Card Value

$276.05

Insurance & Benefits


Insurance

Coverage

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

Benefits

Details

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

Pros & Cons


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

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

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