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Scotiabank

Scotia Momentum Visa for Students

Start with earn up to $100 cash back.

Apply at ScotiabankCalculate my rewards
Annual fee
$49
Reward type
Cash Back
Income required
$12,000

personal

Typical credit · 600+
Scotia Momentum Visa for Students🎓 Student Cashback

Welcome bonus

New cardmembers can earn earn up to $100 cash back by completing the steps below.

How to earn it

  • $50 cash backSpend $500 in eligible purchases within first 3 months
  • $50 cash backSpend $2,000 in eligible purchases within first 12 months

Available to new Scotia Momentum Visa Card (for students) cardholders who apply and are approved during the promotional period. Not available to existing Scotiabank credit card holders within the past 2 years.

Offer ends 2026-09-30.

How you earn

  • Earn up to 2% cash back on eligible purchases
  • 2% cash back on groceries, food delivery, restaurant subscriptions, and drugstores
  • 2% cash back on gas, EV charging, transit, taxis, and rideshare services
  • 2% cash back on eligible recurring bill payments (utilities, gym memberships, subscriptions)
  • 1% cash back on all other eligible purchases
  • No cap explicitly highlighted in the student version, but rewards are subject to Scotiabank cash back program terms and eligible MCC categories
  • Cash back is automatically accumulated and can be redeemed once $25 minimum is reached

Built-in perks & coverage

Cash Back Rewards Structure

Earn up to 2% cash back on eligible categories including groceries, dining, subscriptions, gas, transit, rideshare, drugstores, and recurring bills.

Shell Fuel Value Boost

Get up to 7¢ per litre in combined value through fuel discounts, cash back, and Scene+ integration at participating Shell stations.

Purchase Security & Extended Warranty

Covers eligible purchases against theft or damage for 90 days and extends manufacturer warranties up to one additional year.

Flexible Redemption

Cash back can be redeemed anytime once the $25 minimum threshold is reached and can be applied as statement credit or bank deposit.

Car Rental Savings

Save up to 25% on base rates with Avis and Budget rentals in Canada and the U.S.

Student-Friendly Approval

Designed for students with a low entry barrier, making it easier to build credit history in Canada.

The verdict

What we like

  • High cashback earn rate of up to 2% on everyday categories including groceries, gas, transit, dining, subscriptions, and recurring bills
  • Designed for students with relatively easy approval criteria and low minimum income requirement (~$12,000)
  • Flexible redemption with no expiry on cash back and ability to redeem once $25 minimum is reached

Worth noting

  • Annual spend cap (~$25,000) on 2% categories reduces long-term value for higher spenders
  • 2.5% foreign transaction fee makes it inefficient for international or USD purchases
  • Limited premium travel perks compared to higher-tier Visa Infinite or travel-focused cards

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