No-Fee Scotia Momentum® Visa® Card

Updated: Mar 25, 2021

Advertiser Disclosure

These days, finding the right financial products can be confusing. One credit card offer promises this, but only if you jump through hoops. Another bank offers a few great incentives, but the annual fees or other fee structures are bloated, erasing any value from the incentives. ScotiaBank offers the Momentum Visa credit card with a simple rewards program, no annual fee and a great customer service team.

ANNUAL FEE

$0

ONGOING APR

19.99%

INTRO APR

7.99%

147 User Ratings

No-Fee Scotia Momentum® Visa® Card

at Scotiabank Secured website

Apply Now

Introductory APR

7.99%

Intro APR Period

6 months

Minimum Credit Score

Good

Key Features

  • 7.99% introductory interest rate on purchases for the first 6 months
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases

Our Take

With so many card networks vying for your business today, it can become a bit overwhelming to explore every single offer. For most of us, it’s all about simplicity: we want the type of rewards that we can actually use, we want no annual fee and we want the best in customer service. With the Scotiabank Momentum credit card, that’s exactly what you get. The more convoluted an offer becomes, the less likely consumers will actually take advantage of the benefits. That’s why this credit card was designed to offer simple, straight to the point benefits that everyone is looking for. With competitive interest rates, an impressive team of customer service representatives, and the backing of both Scotiabank and Visa, customers see the true value.

More consumers are turning to Scotiabank. Not only is it Canada’s gold bank, but it is also one of the most recognized banking brands in the world. It’s been that way for more than 100 years and the commitment to the customer will ensure it remains so for another century. It’s that kind of power, coupled with the Visa logo that consumers appreciate. They know their purchases are protected, they know the latest technology is built into every financial product and they know they have a partner to help accomplish their financial goals. Isn’t that what a bank is supposed to offer? Come and see for yourself why the Visa and ScotiaBank credit card offers are delivering everything today’s contemporary consumer is looking for.

Pros

  • Cash back on all eligible purchases
  • 6 month intro APR
  • No annual fee
  • $500 Credit Limit

Cons

  • Average cash back rewards
  • No bonus rewards

No Fee Scotia Momentum Card FAQs

Apply Now
Basic Information
Issuer: Scotiabank
Network: VISA
Category: Consumer (Regular)
Best Used For:
  • Instant Decision
Rewards: Yes
Reward Types:
  • CashBack Rewards
  • Gas Rewards
  • Universal Rewards
Reward Units: Cash
Rates & Fees
Introductory APR (%): 7.99%
Applied Towards:
  • Purchases
Intro Period: 6 months
Regular APR: 19.99%
Regular APR Type:
Annual Fee: $0
Balance Transfer: Yes
APR on Cash Advances: 22.99%
Grace Period: See Terms
Other Fees:
  • Foreign Currency Conversion: 2.5%
  • Dishonored Payment Fee: $48

No-Fee Scotia Momentum® Visa® Card Alternatives


No-Fee Scotia Momentum® Visa® Card

No-Fee Scotia Momentum® Visa® Card

APPLY NOW

Annual Fee

$0

Regular APR

19.99%

Intro APR

7.99%

Min. Credit Level

Good

IMPORTANT
*The information provided for No-Fee Scotia Momentum® Visa® Card is believed to be accurate at the time of evaluation or recent update on March 25, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

No-Fee Scotia Momentum® Visa® Card

Reviews - (1 User Reviews)
Share your experience and rate the No-Fee Scotia Momentum® Visa® Card
(Excellent)
January 5, 2021
Jeremiah Katz (36-45) - Previous Cardholder
Income on Application
$89910
Credit Score
Excellent (740-850)
Credit Limit
$75000
Filed for Bankruptcy
No

Outstanding card

I’ve been a proud owner of this card and a long term client of Scotiabank for a long while now. One thing that always gets my goat when it comes to credit cards is the features, and this one really shines out the competition. It has no fee associated with it, which is really good if you’re not looking to throw money in the garbage. Aside from the no-fee, it also has no bonus perks. I really like bonus perks, but I understand that a lower-end card for a decent credit score like this doesn’t have them, and that’s why I upgraded to a card with more bonuses. Just because it doesn’t have any bonuses doesn’t mean you shouldn’t get it though, as it’s a top tier card in every way!
Fees & Charges:
5/5
Features & Benefits:
4/5
Customer Support:
5/5
Application Process:
4/5
Comment (0)

No-Fee Scotia Momentum® Visa® Card

No-Fee Scotia Momentum® Visa® Card

Min. Credit Required: Good

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MarketProSecure® Canada website supports advertisements and receives compensation from certain credit card issuers and advertisers. The partnership with a few financial product providers results in the coverage of their credit or debit related products. The content on the website is not provided or commissioned by any credit card issuers. The advertiser relationships do not affect the ratings and reviews nor our Best Card Picks. MarketProSecure® Canada makes an effort to provide accurate information. Clicking on the "Apply Now" button will present the most up-to-date information from the credit card issuer regarding the terms and conditions, rates, and fees. MarketProSecure® Canada may receive a commission from product providers and credit card issuers. Editorial Guidelines provides the full list of these issuers.