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Scotiabank

Scotia Momentum No-Fee Mastercard

Start with up to $200 cash back.

Apply at ScotiabankCalculate my rewards
Annual fee
$0
Reward type
Cash Back
Income required
$12,000

personal

Typical credit · 630+
Scotia Momentum No-Fee Mastercard💸 No-Fee Cashback

Welcome bonus

New cardmembers can earn up to $200 cash back by completing the steps below.

How to earn it

  • $100 cash backSpend $500 in eligible purchases within first 3 months
  • $100 cash backSpend $2,000 in eligible purchases within first 12 months

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

Offer ends 2026-07-01.

How you earn

  • Earn up to 1% cash back on eligible purchases
  • Earn 1% cash back on gas, grocery, and drugstore purchases (eligible MCC categories)
  • Earn 1% cash back on eligible recurring bill payments such as subscriptions and utilities
  • Earn 0.5% cash back on all other eligible purchases
  • No annual fee cash back structure with automatic accumulation throughout the year
  • Cash back is paid out annually (credited once per year)

Built-in perks & coverage

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.

The verdict

What we like

  • No annual fee, making it a low-cost option for everyday cashback earning
  • Straightforward cashback structure with 1% on key categories (groceries, gas, drugstores, recurring bills) and 0.5% on other purchases
  • Includes basic Mastercard benefits such as global acceptance, fraud protection, and car rental discounts

Worth noting

  • Low overall cashback rates compared to premium cashback or travel cards
  • Cashback is paid annually rather than continuously or on-demand redemption
  • Foreign transaction fee of 2.5% reduces value for international purchases

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