BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash backno fee
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% categories | 1% |
| Gas & EV charging | 1% |
| Transit, rideshare & food delivery | 1% |
| Drugstores & pharmacies | 1% |
| Recurring bill payments | 1% |
| Everything else | 0.5% |
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
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
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CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
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Cite this page
“Scotia Momentum® No-Fee Visa® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/scotia-momentum-no-fee-visa, updated June 7, 2026.