Is the Scotia Momentum No-Fee Visa Card worth it?

It carries a No fee annual fee. No annual fee. Compare it against similar cards below before deciding.

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

The annual fee is No fee. The purchase interest rate is 20.99% and the cash advance rate is 22.99%. These are sourced from Scotiabank's official page.

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

It earns up to 1% on gas, grocery, drug stores and recurring bill payments, in Cash Back. See the full earn-rate breakdown above.

Scotiabank

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Scotia Momentum No-Fee Visa Card

VISA

Cash back on everyday spending

Scotia Momentum No-Fee Visa Card

5% cash back on up to $2,000 in eligible purchases for first 3 months + 0% intro balance transfer rate

Annual fee No feePurchase APR 20.99%

Apply on Scotiabank →

#19 No Annual Fee Credit Cards #27 Cash Back Credit Cards #20 Credit Cards for Groceries

Why get this card

✓No annual fee
✓Earn 1% on gas, grocery, drug stores and recurring bill payments

Earn rates

gas, grocery, drug stores and recurring bill payments1%
up to $15,000 annual spend limit
all other purchases0.5%

Welcome offer

5% cash back on up to $2,000 in eligible purchases for first 3 months + 0% intro balance transfer rate

Bonus points: —
Minimum spend: —
Spend window: 90 days
Offer ends: 2026-07-01

Earn 5% cash back on up to $2,000 in eligible purchases in first 3 months and an introductory 0% balance transfer rate; for accounts opened March 2, 2026 - July 1, 2026.

Fees

Annual fee: No fee
Additional card: No fee
Foreign transaction fee: —

Interest rates

Purchase APR: 20.99%
Cash advance APR: 22.99%
Balance transfer APR: —
Grace period: —
Rate effective date: —

Benefits & insurance

Lounge access: —
Insurance coverages: 2

New Mobile Device Insurance
Creditor Insurance

Redemption & eligibility

Reward currency: Cash Back
Redemption options: —
Transfer partners: —
Min. personal income: —
Min. household income: —

Compare with similar cards

Frequently asked

Is the Scotia Momentum No-Fee Visa Card worth it?: It carries a No fee annual fee. No annual fee. Compare it against similar cards below before deciding.
What is the annual fee and interest rate on the Scotia Momentum No-Fee Visa Card?: The annual fee is No fee. The purchase interest rate is 20.99% and the cash advance rate is 22.99%. These are sourced from Scotiabank's official page.
What rewards does the Scotia Momentum No-Fee Visa Card earn?: It earns up to 1% on gas, grocery, drug stores and recurring bill payments, in Cash Back. See the full earn-rate breakdown above.

Official sources

Every figure on this page comes from Scotiabank's own pages. Last checked 2026-06-13.