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- 7.99% introductory interest rate on purchases for the first 6 months
- Cash back on everyday spending with no annual fee
- 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
- 0.5% cash back on all other eligible everyday purchases

Introductory APR: 7.99%*
Introductory Period: 6 months
APR on Purchases: 19.99% *
Annual Fee: $0*
Card Issuer: Scotiabank
Card Network: VISA
Card Category: Consumer (Regular)
Card Type: - Instant Decision
- Reward Card
Credit Needed: Good*

Scotia Momentum No-Fee VISA is designed as a cash back program, but that's not the only benefit to this offer. Card members earn 1 percent cash back on all of their eligible supermarket, drug store and fuel purchases. In fact, when you use your Scotia Visa, you'll earn that same 1 percent on any recurring payments you make. Another one half percent cash back is offered on all of your other eligible purchases. This is one way ScotiaBank and Visa are helping consumers make the most of their cash back opportunities.

To earn the one percent cash back, users simply shop at the Visa network supermarkets, drug stores, pharmacies and service stations. For those setting up recurring payments, you must make monthly or scheduled payments for utilities, membership fees, insurance premiums and various subscriptions.

Did we mention the Scotia Visa card has no fees? This is one credit card offer that brings perks and benefits to a new level. Everyone loves Visa payWave because it's a convenient option for paying faster. Simply wave your card and you're on your way. Card members are also eligible for My Mobile Wallet and Visa Checkout, adding even more convenience. My Wallet makes your smartphone - well, smarter. In our fast moving society, we're more likely to have our smartphones with us than we are cash or credit cards. My Wallet eliminates the need for either and is a safer way to pay for smaller, everyday items. By storing your credit card information on your device, paying for your morning coffee, the birthday lunch for a coworker, groceries and even gas for your car has never been easier.

The point of sale terminal completes your transaction when you wave your device over the terminal. Note, this is a smart choice for purchases that do not total more than $100. Wondering if it's safe? Rest assured, the latest security technology is built into the app and as the technology continues to evolve, so will My Wallet. It uses Near Field Communication (NFC) technology, which makes it possible for short range wireless communication between the merchant and your payment information. Don't forget the Visa logo, which means the Visa Zero Liability Policy and ScotiaBank's own Mobile Security Guarantee provides further protection should your My Wallet become compromised. Shop easy knowing your Scotia Momentum is protected. You can learn more about the My Wallet on the ScotiaBank website.

But why ScotiaBank? Not only is it Canada's gold bank, it's also a globally recognized brand that invokes confidence and quality. It's been that way for more than a century and will continue well into the future. What initially began as a small, local office grew to become a regional entity and from there, its rise to the top in the banking industry indicated it had become a formidable powerhouse in the financial sector. ScotiaBank is in more than 25 countries, though it remains committed to its Canadian roots and those who make Canada their home.

If it's a no annual fee, lower interest credit card offer you're looking for, you owe it to yourself to consider the ScotiaBank Momentum. It's just a better offer than many of the other comparable credit cards on today's market.

Because of the Visa and ScotiaBank partnering efforts, you're afforded double protections. This co-branded credit card means you get the power of Visa and the reliability and loyalty of ScotiaBank. The goal is to change the way many consumers see banks, credit card networks and money as a whole. With a credit card offer like this, there's a sudden familiarity consumers have been missing with other banks over the years. It includes impressive customer service with a commitment to ensure consumers are satisfied with their financial products.

The big picture is important but it's the customer service that serves as the foundation for our customers. It's about versatility, quality and a commitment of offering the best credit card offers that meet the needs of those customers. A no annual fee credit card doesn't serve its purpose if you feel as though you're always having to pay a host of other fees. This is simply a better financial choice. Learn more or apply today for the ScotiaBank Momentum card.

The review prepared by

Reward Types: - CashBack Rewards
- Gas Rewards
- Universal Rewards
Reward Unit: Cash
Rewards: - 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
- 0.5% cash back on all other eligible everyday purchases
Expiration: None*
Yearly Limit: None*
Other Benefits: - Scotia Credit Card Protection (optional)
- Visa payWave
- My Mobile Wallet
- AVIS car rental discounts
*See terms and conditions of the card for other benefits
Comments: The introductory 7.99% interest rate applies to purchase only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by defined date (see website for details) the ("Offer End Date") will continue for 6 months from that date ("the Promotional Period"). After the Promotional Period, balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases that applies on your Account. Offer applies to new Accounts only opened by defined date (see Terms & Conditions of the offer). Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer.

The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change.
Online Account Access: Yes
Introductory APR: 7.99%*
Applied Towards: Purchases
Introductory Period: 6 months*
APR on Purchases: 19.99% *
Annual Fee: $0*
Grace Period: See Terms*
Min Credit Line: $500
Late Payment Fee: N/A*
Over Limit Fee: $29.00
Balance Transfer: Yes
APR Cash Advances: 22.99%
Additional Fees Foreign Currency Conversion: 2.5%
Dishonored Payment Fee: $48
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* Published on Feb 19, 2021. Information relating to the No-Fee Scotia Momentum Visa Card may change without notice as a result we cannot guarantee the accuracy of details above. It is important you read the terms and conditions attached to a product before submitting the application.

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