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Scotiabank

Scotia Momentum Visa

Start with up to $300 cash back.

Apply at ScotiabankCalculate my rewards
Annual fee
$39
Reward type
Cash Back
Income required
$12,000

personal

Typical credit · 650+
Scotia Momentum Visa💵 Everyday Cashback

Welcome bonus

New cardmembers can earn up to $300 cash back by completing the steps below.

How to earn it

  • $150 cash backSpend $1,000 in eligible purchases within first 3 months
  • $150 cash backSpend $5,000 in eligible purchases within first 12 months

Available to new Scotia Momentum Visa cardholders who apply and are approved within the promotional period. Not available to existing Scotiabank credit card holders within the last 2 years.

Offer ends 2026-07-01.

How you earn

  • Earn up to 2% cash back on eligible everyday purchases in bonus categories like groceries, dining, gas, transit, and recurring bills
  • Earn 1% cash back on all other eligible purchases
  • Accelerated earn rates apply to groceries, food delivery, subscriptions, gas, EV charging, transit, and drugstore purchases (up to $25,000 annual spend cap)
  • Cash back can be redeemed anytime once $25 minimum is reached
  • Cash back does not expire as long as the account remains open
  • Earn additional value through Shell fuel savings (up to 7¢/L when linked with Shell Go+)

Built-in perks & coverage

Fuel Savings at Shell

Get up to 7¢ per litre in combined value when using the card at participating Shell stations with linked Scene+ and Scotia Momentum Visa offers.

Purchase Protection & Extended Warranty

Eligible purchases are protected against damage or theft for 90 days, with extended warranty coverage that can double manufacturer warranties up to one additional year.

Scotia SelectPay Installments

Convert eligible purchases into fixed monthly payments with low interest and no setup fee for better budgeting flexibility.

Car Rental Discounts

Save up to 25% on base rates at participating Avis and Budget locations in Canada and the U.S.

Cash Back Flexibility

Redeem cash back anytime once you reach the $25 minimum threshold, with no expiry as long as the account remains open.

Fraud & Zero Liability Protection

Protection against unauthorized transactions under Visa zero liability policies and Scotiabank fraud monitoring systems.

The verdict

What we like

  • Strong everyday cash back structure with 2% on key categories like groceries, gas, transit, and recurring bills
  • Low barrier entry with no high income requirement and accessible approval criteria
  • Cash back rewards never expire and can be redeemed once $25 threshold is reached

Worth noting

  • Annual cap of $25,000 on accelerated 2% earn rate reduces high-spend value
  • Foreign transaction fee of 2.5% makes it weak for international spending
  • Annual fee ($49) reduces net value compared to no-fee cashback alternatives

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