Cash BackNo Annual FeeStudentVisa

Scotia Momentum No-Fee Visa Card

Scotiabank

Simple no-fee cash back card with 1% on groceries, gas, transit, bills, and streaming.

The Scotia Momentum No-Fee Visa Card is a Scotiabank Visa card with no annual fee. It earns 1% cash back on Groceries, food delivery/subscriptions, drugstore. Listed welcome offer value: Up to $100 cash back.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $0
Purchase interest rate: 20.99%
Cash advance rate: 22.99%
Earn rates: 1% cash back on Groceries, food delivery/subscriptions, drugstore; 1% cash back on Gas, EV charging, daily transit; 1% cash back on Recurring bill payments; 1% cash back on Streaming subscriptions (music/video); 0.5% cash back on All other eligible purchases
Welcome offer: Up to $100 cash back
Foreign transaction fee: 2.5%
Income requirement: Not listed

How this score is calculated

Formula

Net annual value(50%)3.4
Welcome bonus(15%)1.3
Foreign transaction fee(10%)2.5
Insurance & perks(15%)0.0
Purchase interest rate(10%)3.0

What are the fees and rates?

Verified 2026-10-09

Annual Fee

Additional card: $0

Purchase Interest Rate

20.99%

Cash advance: 22.99%

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The Scotia Momentum No-Fee Visa Card earns 1% cash back on Groceries, food delivery/subscriptions, drugstore.

Groceries, food delivery/subscriptions, drugstore

1% cash back

Gas, EV charging, daily transit

1% cash back

Recurring bill payments

1% cash back

Streaming subscriptions (music/video)

1% cash back

All other eligible purchases

0.5% cash back

Is there a welcome offer?

Yes. The listed welcome offer value is Up to $100 cash back.

5% cash back on first $2,000 purchases in first 3 months (up to $100), plus 0.99% balance transfer rate for 9 months (2% fee)

Value: Up to $100 cash back

Pros

No annual fee
1% on multiple everyday categories
Promotional balance transfer rate available

Cons

Lower earn rates than fee cards
Low 0.5% base rate
No included insurance coverage

What perks are included?

No annual fee (supplementary cards also free)
1% on everyday categories
Up to 6¢/L value at Shell stations
Cash back redeemable anytime ($25 min)
Scotia SelectPay installments

What insurance is included?

Scotia Credit Card Protection – Optional add-on

Frequently asked questions

What is the annual fee on the Scotia Momentum No-Fee Visa Card?

The Scotia Momentum No-Fee Visa Card has no annual fee.

What rewards does the Scotia Momentum No-Fee Visa Card earn?

1% cash back on Groceries, food delivery/subscriptions, drugstore; 1% cash back on Gas, EV charging, daily transit; 1% cash back on Recurring bill payments; 1% cash back on Streaming subscriptions (music/video); 0.5% cash back on All other eligible purchases

What is the purchase interest rate on the Scotia Momentum No-Fee Visa Card?

The purchase interest rate is 20.99%. The cash advance rate is 22.99%.

Is there a welcome offer on the Scotia Momentum No-Fee Visa Card?

5% cash back on first $2,000 purchases in first 3 months (up to $100), plus 0.99% balance transfer rate for 9 months (2% fee) Listed value: Up to $100 cash back.

Last updated October 9, 2026Source: issuer page

Annual Fee

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