Scotia Momentum® Visa Infinite +* Card Review

1. Offer Description and Conditions: The 15% Cash Back, Introductory 0% Balance Transfer Rate and First Year Annual Fee Waiver Offer (the “Offer”) applies only to new Scotia Momentum Visa Infinite + credit card accounts (“Accounts”) that are opened, and any additional Account cards issued, between July 2, 2026 and November 1, 2026 (regardless of the date you apply for the Account) subject to the conditions below.  We will waive the annual fee for the primary card and each additional card on the Account for the first year only. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

15% Cash Back Offer Description and Conditions: You will earn 15% cash back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers and cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Regular Cash Back Program Rate”) as described in the Scotia Momentum Visa Infinite + Cash Back Program Terms and Conditions (the “Program Terms”). The 15% cash back rate for any category is made up of the sum of: (i) the Regular Cash Back Program Rate (variable by category as set out under the Program Terms); and (ii)  a bonus rate that will vary depending on the Regular Cash Back Program Rate (the “Cash Back Top Up Rate”).  

Cash back earned under this Offer can be redeemed to your Account provided it is open and in good standing at the time of redemption:

1. Bonus Cash Back: The amount earned under the Cash Back Top Up Rate will be available for redemption to your Account after approximately 5 months from the Account open date or otherwise in accordance with the Program Terms.

2. Regular Cash Back: The amount earned under your Regular Cash Back Program Rate can be redeemed to your Account as described in the Program Terms..

EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Top Up Rate will be 11% for that category so that you will earn a total of 15% on the amount of all eligible everyday purchases in that category during the Promotional Period  up to a total of $2,000 in purchases. If you make $2,000 in eligible everyday purchases in the Groceries and Recurring Payments category, your cash back earnings will be as follows: 

(1) the Cash Back Top Up Rate  earnings of $220 (11% x $2,000) (shown as an adjustment in your monthly statements), and 

(2) the Regular Cash Back Program Rate earnings of $80 (4% x $2,000) (shown as cash back earned in your monthly statements).

All other terms and conditions of the Program Terms continue to apply during and after the Promotional Period.

Introductory 0% Balance Transfer Rate Offer Description and Conditions: The Introductory 0% Balance Transfer Rate Offer (the “BT Rate Offer”) applies only to eligible cash advances (including balance transfers and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. This introductory rate applies for 12 months from date of Account opening (the “BT Promotional Period”).  After the BT Promotional Period, the promotional 0% interest rate on any Cash Advances (including any amount of those Cash Advances that remain unpaid after the BT Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%).  A balance transfer fee of 2% of the amount of each Cash Advance transferred or made during the BT Promotional Period applies (minimum fee of $5.00).   

This BT Rate Offer is subject to any Cash Advance limits on your Account. This BT Rate Offer is also subject to the approved credit limit that is being offered to you as of the date of this BT Rate Offer.  This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this BT Rate Offer was provided to you, it may not be processed. This BT Rate Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. 

Losing your promotional rate: If we don’t receive  the minimum payment on your Account by the payment due date on your statement, two consecutive times, you will lose the benefit of this promotional BT Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 27.99% on Cash Advances). 

How we apply payments: For Quebec residents: In general, if you have different interest rate(s) that apply to your Account, we apply payments to transactions based on the interest rate(s) that applies to those transactions on your Account (from highest to lowest rates). For non-Quebec residents: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account. 

Annual Fee Waiver Offer Description and Conditions: We will waive the annual fee for the primary card and each additional card issued between July 2, 2026 and November 1, 2026 on the Account for the first year only.

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are also eligible for the Offer. By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.

Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on Cash Advances. All rates, fees, features and benefits are outlined in the Application Disclosure Statement and are subject to change.

2. For current rates and information on fees and interest cost, call 1-888-882-8958. Interest rates, annual fees and features are subject to change without notice. Learn more about credit card fees and interest rates.     

3. The Primary Cardholder on the Scotiabank Momentum^®  Visa Infinite +^* Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder.      

4. 4% Cash Back Earn Rate: You will earn 4% Cash Back on eligible Purchases on your Account at Grocery and on Recurring Bill Payments, up to an annual spend limit of $25,000. 4% Cash Back applies at merchants which are classified in the Visa Inc. (Visa) network as Grocery Stores and Recurring Payments (Merchant Category Codes (“MCC”): 5411). Recurring Bill payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Account. Recurring Bill Payments typically include telecommunication, insurance, membership, and subscription-based purchases. Not all merchants offer recurring bill payments on credit cards; please check with your merchant.     

2% Cash Back Earn Rate: You will earn 2% Cash Back on eligible Purchases on Gas Stations, Electric Vehicle Charging (EV), Transit, Rideshare and Food Delivery, up to an annual spend limit of $25,000 (Merchant Category Codes (“MCC”): 5541, 5542, 5552, 4111, 4112, 4121, 4131, 4789; Food Delivery category includes transactions made via eligible food delivery services selected by Scotiabank, which are subject to change).

1% Cash Back Earn Rate: You will earn 1% Cash Back (the “Regular Earn Rate”) on eligible Purchases made on your Account after you have reached the annual spend limit of $25,000 in either the 4% or 2% earn rate categories (the “Accelerated Earn Rates”) and on all other eligible Purchases made with the Account that are not within the Accelerated Earn Rate categories. 

Annual Spend Limits:  

There are annual limits on the Cash Back you can earn at Accelerated Earn Rates, as outlined in the Cash Back Program Terms scotiabank.com/terms/momentuminfiniteplus. These limits are based on Purchases within the Accelerated Earn Rate categories posted to your Account annually, calculated from your statement period, starting from the statement period of the month your Account was opened (“Account Opening Date”). Each annual spend limit resets every 12 months from the statement period of the month of your  

Account Opening Date. Once you reach the annual spend limits for any Accelerated Earn Rate(s), you will then only earn Cash Back at the Regular Earn Rate on all eligible Purchases made on your Account until the annual spend limits reset. 

5. Under all insurance coverages or services, certain limitations, restrictions and exclusions apply, including a pre-existing condition exclusion for certain benefits. Please see the Certificates of Insurance for full coverage details. Coverages are underwritten by The Manufacturers Life Insurance Company and its wholly owned subsidiary First North American Insurance Company. The Bank of Nova Scotia is not an insurer. All insurance claims must be forwarded to the insurance providers.           

6. Concierge Service provided by a duly licensed third-party premium concierge provider: AXA Assistance USA, Inc.       

7. You must be an eligible Visa Infinite + Cardholder with a valid Visa Infinite + Card to take advantage of the Visa Infinite benefits and services. Discounts and benefits are non-transferable and discounts cannot be combined with any other offer or discount. Visa reserves the right to modify or cancel offers at any time and without notice. Neither Visa nor the Issuer is responsible for any claims or damages arising from use of any benefits or services provided by a third party. All offers, benefits and services are subject to complete terms and conditions, including third party suppliers’ terms and conditions (available at www.visa.ca/infinite/termsopens in a new tab). The Visa Infinite privacy policy (available at https://www.visa.ca/en_CA/legal/global-privacy-notice.htmlopens in a new tab) applies to all benefits and services that require enrolment through, or are otherwise provided by, the Visa Infinite Concierge or the Visa Infinite website. The collection, use and disclosure of Cardholders’ personal information by third party suppliers of services and benefits to Visa Infinite + Cardholders are subject to such third parties’ own privacy policies. 

8. The savings of up to 25% applies to Avis and Budget base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. The Bank of Nova Scotia is not responsible for, and provides no representations, warranties or conditions regarding this offer or any Avis or Budget products or services, including Avis Preferred Plus membership and services and those obtained under this offer, which are governed solely by Avis’ terms and conditions. Avis Preferred Plus membership and services are provided by Avis. 

9. Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpay to learn more.       

10. Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada: Tel: 1-800-387-7199, Option 3, or www.chubb.comopens in a new tab under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.     

11. You must be an eligible Canadian-issued Visa* Debit, Visa Classic*, Visa* Gold, Visa Platinum*, Visa* Business, Visa Infinite +*, Visa Infinite Business* or Visa Infinite Privilege* cardholder (collectively the “Eligible Cards”) to take advantage of the Visa GigSky offer. To participate in the Offer, you must have an Eligible Card issued in your name, ensure your Eligible Card account is in good standing, and add the Eligible Card as the default payment method in the GigSky App. These Global Mobile Data plan options offer terms (these “Offer Terms”) apply to the offer (the “Offer”) made available to the Eligible Cards by GigSky, Inc. (“GigSky”). Any Offer Plan continues to be subject to the standard GigSky Terms of Serviceopens in a new tab.  

The Offer is solely offered by GigSky, and Visa is not providing or responsible for any Offer Plans, Discounts or GigSky Products hereunder. GigSky reserves the right to terminate your Offer Plan if you no longer hold an Eligible Card or such Eligible Card is no longer in good standing. GigSky reserves the right to terminate the Offer or any Offer Plan or change the terms of the Offer or Offer Plan at any time and without notice and in its sole and absolute discretion. This Offer cannot be combined with other discounts and/or offers and is not redeemable for cash. Any taxes are the sole responsibility of the purchaser. The Offer is void where prohibited or restricted by applicable law. GigSky reserves the right to deny you participation in the Offer if GigSky suspects abuse or misuse of the Offer, in its sole discretion. You agree and acknowledge that GigSky may share your personal information with Visa and your debit or credit card issuing bank in connection with redemption of the Offer and use of an Offer Plan. For information about how we collect and use your Personal Information please see GigSky’s privacy policy at: https://www.gigsky.com/terms-and-conditions/privacy-policy

12. Cardholders with a Scene+ membership who link their Scotia Momentum® Visa Infinite +* Card and their Scene+ account to a Shell Go+ Account can get up to 7 cents per litre in instant fuel discounts, cash back, and Scene+ points value when they purchase eligible fuel with their linked credit card:

Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.

Earn 2 cents per Litre in cash back: When you use your Scotia Momentum® Visa Infinite +* Card on Fuel Purchases (All Grades) you will earn 2% cash back on eligible Net Purchases (up to an annual spend limit of $25,000) at Gas Stations (Merchant Category Codes (“MCC”): 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn cash back. This benefit is subject to the Scotia Momentum® Visa Infinite +* Card cash back Program Terms and Conditions.

Scene+ Members earn up to 2 cents per Litre in Scene+ points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power® gasoline or V-Power® diesel purchased (“Premium Fuel Purchases”). Scene+ points value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditionsopens in a new tab for full details including redemption options and additional terms.

Note: Highest value of 7 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum® Visa Infinite +* Card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points.

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.