Welcome bonus
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).1 Plus, get a 0.99% introductory interest rate on balance transfers for the first 9 months*
Purchases
20.99%
Cash advances
22.99%
Balance transfers
22.99%
Rated 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.
| 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: Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).1 Plus, get a 0.99% introductory interest rate on balance transfers for the first 9 months* (5% cash back on first $2,000 in purchases for the first 3 months, plus 0.99% intro interest on balance transfers for 9 months*).
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Scotiabank can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Scotiabank's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Scotiabank's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with Scotiabank. Trademarks belong to their respective owners.
Written by
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.
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.
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