Independent ClearFin review · Scotiabank · Visa
Start with 7.99% introductory purchase rate for 6 months.
Current new-cardmember offer
Certificate terms apply
💸 No-Fee CashbackIts strongest published earn rate in our data is 1.0% on groceries. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueNew cardmembers can earn 7.99% introductory purchase rate for 6 months by completing the steps below.
The standard purchase rate applies after the introductory period. Full offer terms apply.
Confirm final approval criteria and current rates directly with the issuer.
The Scotia Momentum Mastercard is an entry-level cashback credit card designed for applicants with established but not premium credit profiles.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. Scotiabank does not publish an official minimum credit score requirement. Approval is based on income, credit history, utilization, and overall financial behaviour.
Reward limits: The Scotia Momentum Mastercard has a structured cashback cap only on accelerated earn categories. The 1% and 0.5% base earn rates are uncapped, but bonus category earnings are subject to an annual limit.
annual_spend_cap1% accelerated category earn (groceries, gas, drugstores, recurring bills) applies only up to an annual spend limit of $25,000; after this threshold, these purchases earn 0.5%.
base_earn_uncapped0.5% cashback on all other eligible purchases is uncapped.
reset_cycleEarning caps reset annually based on account anniversary cycle.
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Consider these extras by the value they add to purchases and experiences you already use.
No Annual Fee Structure
The card has a $0 annual fee, making it a low-cost entry option for building credit and earning rewards.
Shell Fuel Savings Program
Get up to 6¢ per litre in combined value at Shell stations through linked Scene+ and Scotiabank fuel partnerships.
Purchase Protection & Extended Warranty
Eligible purchases are covered against theft or damage for 90 days and may receive extended warranty coverage up to one additional year.
Mastercard Global Acceptance & Benefits
Accepted worldwide with access to Mastercard Priceless experiences, offers, and global emergency assistance services.
Car Rental Discounts
Save up to 25% on base rates with Avis and Budget car rentals in Canada and the U.S.
Fraud Protection & Zero Liability
Protection against unauthorized transactions under Mastercard Zero Liability policy with Scotiabank fraud monitoring systems.
1 coverage listed. Key terms are summarized below; full certificate terms apply.
This coverage is listed in ClearFin's card catalogue. Confirm eligibility, limits, exclusions, and payment requirements in the issuer's current insurance certificate.
Coverage is subject to eligibility, exclusions, limits, payment requirements, and claim rules in the insurance certificate.
What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
1% cashback on gas, groceries, drugstores & recurring bills. 0.5% on everything else. No annual fee.
Groceries, Gas receive the strongest estimated return at 1.0%. Purchases outside the accelerated categories earn an estimated 0.50%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on groceries and gas and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
