Scotiabank Momentum Visa With A New Welcome Offer

creditcardGenius Team
updated on Sep 22, 2021
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Please note this news post is out of date. You can find current offers here.

Over the last few months, Scotiabank has been improving their welcome offers.

The no fee Momentum, Passport and Gold Amex cards saw an updated welcome bonus offer.

And now another Momentum Visa has an improved offer.

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New Scotia Momentum Visa welcome bonus

The Scotia Momentum Visa Card now has a welcome bonus, for perhaps the first time in its history (or since at least creditcardGenius has been around).

You can earn 7.5% cash back on all your purchases for the first 3 months, up to $2,000 in spend. But it’s important to note that this includes what you would already be earning on your day to day purchases.

What do you earn on your everyday purchases? The card has bonus earn rates on many basic categories.

This card earns:

  • 2% cash back on gas, groceries, recurring bills, and drugstores, and
  • 1% cash back on all other purchases.

Based on our typical $2,000 monthly spend, the actual bonus is worth $121.

And for a low annual fee of $39, it has a few other features, including:

  • up to 25% discount on rental cars through Avis,
  • extended warranty and purchase protection, and
  • a balance transfer offer of 2.99% for the first 6 months.

It’s not the greatest balance transfer offer around, but combined with the welcome bonus it gives you another reason to consider this card, whether you just want some extra cash back, or also have some higher interest credit card debt you need to tackle.

3.3 Genius Rating
3.3 (7) User reviews
Annual fee
$39.00
Learn more
Welcome bonus
$0
Learn more
Annual rewards
$354
Learn more
Scotia Momentum Visa Card
3.3 Genius Rating
3.3 (7) User reviews
Annual fee
$39.00
Learn more
Welcome bonus
$0
Learn more
Annual rewards
$354
Learn more
Credit estimate:
 (660 - 724)
Instant approval: Yes

Other Scotiabank Momentum Visa cards with offers

Of course, Scotiabank’s other 2 Momentum Visa cards have welcome offers as well.

Our top rated cash back credit card, the Scotia Momentum® Visa Infinite* Card, is offering 10% cash back on all purchases for the first 3 months, on up to $2,000 in spend.

And the no fee Scotia Momentum No-Fee Visa Card is offering 5% cash back on all purchases for 3 months, with the same spending cap of $2,000. Plus it has a balance transfer offer of 7.99% for 6 months.

Which offer will you go with

If you need a new cash back credit card, the Scotia Momentum Visa lineup has 3 different offers for you to consider.

Is there an offer that stands out for you?

Let us know in the comments below.

creditcardGenius is the only tool that compares 126+ features of 229 Canadian credit cards using math-based ratings and rankings that respond to your needs, instantly. Take our quiz and see which of Canada's 229 cards is for you.

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Editorial Disclaimer: The content here reflects the author's opinion alone. No bank, credit card issuer, rewards program, or other entity has reviewed, approved, or endorsed this content. For complete and updated product information please visit the product issuer's website. Our credit card scores and rankings are based on our Rating Methodology that takes into account 126+ features for each of 229 Canadian credit cards.

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