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Scotia Momentum No-Fee Visa Card review

3.3Rated by the CreditCardGuru Editorial Team

A serviceable no-fee starter card with a strong intro offer, but its capped 1% categories and 0.5% base rate are easily beaten by other free cash back cards.

At a glance

Annual fee
No annual fee
Welcome bonus
~$200
Foreign tx fee
2.5%
Network
VISA
Rewards
cash back
Purchase APR
20.99%

Rewards & earn rates

Groceries$15,000 combined annual cap across all 1% categories1%
Gas & EV charging1%
Transit, rideshare & food delivery1%
Drugstores & pharmacies1%
Recurring bill payments1%
Everything else0.5%

Welcome offer: 10% cash back on first $2,000 in purchases (up to $200), plus 0% intro interest on balance transfers for 6 months (2% fee) (Earn 10% on up to $2,000 in everyday purchases in the first 3 months. Offer for accounts opened May 1 - Nov 1, 2026).

Pros & cons

Pros

  • Solid 10% intro cash back offer for a no-fee card
  • Useful 0% balance transfer intro offer

Cons

  • Mediocre ongoing earn rates (1% capped, 0.5% base)
  • No insurance coverage included

Perks & insurance

Key perks

  • No annual fee
  • 0% intro balance transfer rate for 6 months (2% fee)
  • Redeem cash back anytime ($25 minimum)
  • Up to 25% off Avis and Budget car rentals
  • Up to 6 cents/L in value at Shell

Insurance

    Rates & fees

    Annual fee
    None
    Purchase interest
    20.99%
    Cash advance
    22.99%
    Foreign transactions
    2.5%
    Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

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    Annual fee
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    Welcome bonus
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