Illustration, not the actual card design.
Scotiabank · Cash back
Scotia Momentum No-Fee Visa
Annual fee
None
Welcome offer
Bonus cash back
Market
Canada · CAD
Biggest part of the offer: Get 5% back on all purchases in your first 3 months, on up to $2,000 (includes your regular cash back).
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$90
+$90 welcome bonus
+$0 yearly credits
−$0 fee
Year 2
$0
+$0 yearly credits
−$0 fee
Every year after
$0
+$0 yearly credits
−$0 fee
Plus 1 benefit with no fixed dollar value, like Avis and Budget rental discount. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Oct 9, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Ends Nov 1, 2026. Not available if you have, or in the past 2 years had, any Scotiabank personal credit card as primary or additional cardholder, including if you switched to one.
- 1Get 5% back on all purchases in your first 3 months, on up to $2,000 (includes your regular cash back)$90 backYear 1
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Cash back, straight onto your statement.
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| SubscriptionsUp to $15,000/yr of spend | 1% back | 1¢ |
| Gas & FuelUp to $15,000/yr of spend | 1% back | 1¢ |
| TransitUp to $15,000/yr of spend | 1% back | 1¢ |
| Recurring BillsUp to $15,000/yr of spend | 1% back | 1¢ |
| GroceriesUp to $15,000/yr of spend | 1% back | 1¢ |
| StreamingUp to $15,000/yr of spend | 1% back | 1¢ |
| Drugstore & PharmacyUp to $15,000/yr of spend | 1% back | 1¢ |
| Everything else | 0.5% back | 0.5¢ |
What else you get
Perks
- Avis and Budget rental discount
Up to 25% off base rates at participating Avis and Budget locations in Canada and the U.S.
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by Scotiabank. Card and program names belong to their owners.
Details last checked Oct 9, 2026.