Annual Fee
$0
Extra Card Fee
$0
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Promo Transfer
7.99%
Promo Term
6 months
Personal Income
$12,000
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • Earn 1% cash back on gas, groceries, drugstore purchases, and recurring bill payments.
  • Earn .5% cash back on all other purchases.
  • Save up to 20% on AVIS car rentals.
  • Get free supplementary cards.
  • No annual fee.

Our Review

If you're looking for a no fee, no hassle, credit card that will let you earn cash back, the Scotiabank Momentum No-Fee Visa is a credit card that will check off all of those boxes for you.

This card from Scotiabank lets you earn 1% cash back on all purchases at gas stations, grocery stores, drug stores, and even recurring bill payments, as well as 0.5% on all other purchases – not bad for a no fee card.

This card has an edge on its competitors, by offering new cardholders an introductory interest rate on purchases. For the first 6 month, you will only be charged 7.99% interest on any purchases made. So, if you have a big purchase coming up, and you won't be able to pay it all off in one month, this feature alone could be enough to choose this card.

Another nice fringe benefit is that it gives you up to 20% off on AVIS car rentals.

What's more? You can add secondary card holders for free – and you'll see your rewards add up even faster.

The downside? This card doesn't include any insurance coverage.

What are your thoughts?

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