Credit Card Review & Application

4.0

out of 5

- 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)◊
- 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: MasterCard
Card Category: Consumer (Premium)
Card Type: - Instant Decision Card
- Reward Card
Credit Needed: Good*

See Scotiabank Mastercard credit card application page for other card features and benefits.

The review prepared by

Reward Types: - CashBack Reward Cards
- Gas Reward Cards
- Universal Reward Cards
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: *See terms and conditions of the card for other benefits
Comments: * The introductory 7.99% interest rate applies only to eligible purchases subject to the conditions below (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by June 30, 2019 and will continue for 6 months from date of Account opening (the "Promotional Period"). After the Promotional Period, purchase balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases (currently 19.99%). If you don't pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions)). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. In general, if you make a payment that exceeds the minimum payment on your statement, we will apply for your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.

Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this Offer.

There is currently no annual fee for the primary card and no fee for each additional supplementary card.

The current 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).

All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled or extended and cannot be combined with any other offers.
Online Account Access: Yes
Introductory APR: 7.99%*
Applied Towards: Purchases, Balance Transfer, Cash Advance, Checks
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 fee: 2.5%
Dishonored payment fee: $48
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† Published on Sep 17, 2019. Information relating to the Scotia Momentum Mastercard 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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