Annual Fee
$39
Extra Card Fee
$15
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Promo Transfer
2.99%
Promo Term
6 months
Personal Income
$12,000
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • Earn 2% cash back on gas, groceries, drugstore purchases, and recurring bill payments.
  • Earn 1% cash back on all other purchases.
  • Save up to 20% on car rentals at AVIS locations worldwide.
  • Comes with purchase security and extended warranty coverage so you can shop with confidence.
  • Low annual fee.
Extended Warranty 1 year
Purchase Protection 90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage.

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Our Review

Get the $39 fee waived for the first year and the promotional rate of 3.99% on balance transfers for 6 months -- if you apply for Scotia Momentum Visa before October 31st, 2017.

The $0 fee for the first year is a risk-free trial before having to shell out an annual fee payment.

The Scotia Momentum Visa offers more rewards than most other cash back cards with an annual fee under $50. Any low fee card that can get you more than 1% cash back on your purchases stands out among it's competitors, and this card is no exception.

You get 2% cash back on 4 different spending categories:

  • Gas,
  • groceries,
  • drugstores purchases, and
  • recurring bills.

So, if most of your monthly budget is spent in those 4 places, this card could earn you some serious rewards. (Tip: For an even better idea of your net annual rewards, use our calculator and enter your spending breakdown.)

You'll also get double the manufacturer's warranty on your purchases for up to 1 year. And if you buy something and it gets lost, stolen or damaged within 90 days, this card's protection insurance will cover that as well

Throw in a nice 20% discount at Avis Rent-A-Car locations worldwide, and that sums up this card.

Although it's not the greatest insurance package and there aren't many frills or much prestige that comes along with this card, if you are looking for a cash back card that has a low annual fee and a nice high return rate, this card could be the card for you.

What are your thoughts?

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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