Scotia Momentum Visa
Scotiabank · Cashback · Statement Credit
This comprehensive guide covers the Scotia Momentum Visa's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The Scotia Momentum Visa from Scotiabank offers cashback rewards credited directly to your statement. Top earning categories include 2x points on groceries and more. This card has no annual fee.
Best for: Grocery, Fuel, General Online, Electronics Accessories
Official product page → Official rules →
Annual fee: C$0
Waiver: No annual fee
Waiver: No annual fee
Reward Rules
- 2 pts/$100 2x points on groceries (cap: C$6,000)
- 2 pts/$100 2x points on gas (cap: C$6,000)
- 1 pts/$100 1x points on all other purchases
Important Notes
- 2x grocery capped at $6,000 per year then 1x
- 2x gas capped at $6,000 per year then 1x
- No foreign transaction fees
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
Scotia Momentum Visa vs Similar Cards
- Alterna Savings Cash Back Visa — 2% top rate · C$0
- BMO Cash Back Mastercard — 3% top rate · C$0
- BMO CashBack World Elite Mastercard — 5% top rate · C$120
Maximize Your Rewards
To earn the highest rewards, use the Scotia Momentum Visa for its bonus categories: Grocery, Fuel, General Online, Electronics Accessories, Dining.