Scotia Momentum® Mastercard®

Getting cash back for every day purchases is easy with this no annual fee card

Updated: Jul 4, 2024

Advertiser Disclosure

The Scotia Momentum Mastercard is one of the most popular cards offered by this bank. Why? It is a low-risk and high reward card. It enables you to shop, travel, and pay your bills quickly. The minimal credit limit is set at $500, and you can quickly extend it with proper use.

It's a Mastercard making it useable anywhere in the world. You can always rely on this card to make payments wherever you are. Build your score and get solid benefits until you're ready to get some premium card.







76 User Ratings

Scotia Momentum® Mastercard®

This card is not available through MarketProSecure Canada.

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Introductory APR


Intro APR Period

6 months

Recommended Credit


Key Features

  • No annual fee
  • 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)◊
  • 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

The Scotia Momentum Mastercard credit card is a very popular cash back card throughout the American continent. It’s available in many countries across the Americas within Scotia Bank branches, but at the same time, anyone can apply for one online. It has minimal requirements, and the application process is quick and simple. Anyone who has good credit or has no credit score yet can qualify for this card. It requires a credit check and some basic personal information that everyone can instantly provide. It’s a basic cash back card with all-around great features and no fees involved.

Who Is This Card for?

This card is for two groups of people – those who don’t have a credit score yet and haven’t used any banking services and those who have a good-fair credit score.

These cards are designed for people who want to build a healthy score while enjoying a decent credit limit, basic rewards, and solid cashback returns.

It can be used globally in over 210 countries and with 150+ currencies. If you need to make some quick daily purchases and pay your recurring bills, this is the right choice for you.

Scotia Momentum Mastercard Benefits

One of the major benefits of this card is the ability to consolidate all recurring payments onto the card so that you make the most out of it and make your payments easier.

At the same time, you will turn back all of those payments into cash back returns. Another important benefit is the quick payment. For payments of up to $100 in stores, you can make a payment in seconds with a scan.

Scotia Momentum also lets you get supplementary cards free of charge for your family member or a friend to improve your financial health or teach kids financial reasonability. It’s also one of the rare cards that are useable at Costco to reap rewards.

Are There Any Disadvantages?

Not all merchants will provide cash back on these cards. Make sure to check vendors before making payments. Another big disadvantage of this card is that you don’t have any travel insurance.

At the same time, cash back rewards aren’t the best. However, you can’t expect to get any better from a credit card without any annual or ongoing fees.

Should You Use This Card?

If you want a card that can consolidate all recurring payments and help you build credit with little risk involve, you should get this card.

It’s easy to transfer your salary to the card, pay your bills, go out on daily shopping, and carry your card anywhere in the world. It provides a lot of conveniences while letting you strengthen credit quickly.


  • Low requirements
  • Easy to use
  • Cashback rewards
  • 25% discount on car rental services
  • No annual fees
  • Activity reported to credit bureaus


  • No bonus points
  • Low rewards
  • The penalty fee for breaking your limit

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Basic Information
Issuer: Scotiabank
Network: Mastercard
Category: Consumer (Regular)
Review: Full Card Review
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
  • Supplementary Cards: $0.00 (each)

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Non-Affiliate Offer Disclosure
*The information provided for Scotia Momentum® Mastercard® is believed to be accurate at the time of evaluation and has been collected independently by MarketProSecure® Canada. The card issuer did not provide the details, nor it is responsible for their accuracy.

Scotia Momentum® Mastercard®

Reviews - (1 User Reviews)
Share your experience and rate the Scotia Momentum® Mastercard®
November 18, 2020
George Zeigler (18-25) - Cardholder
Income on Application
Credit Score
Fair (580-669)
Credit Limit
Filed for Bankruptcy

Great, simple, easy to use credit card

I was surprised that this card was so easy to use. Getting the card was as simple as can be which was surprising too. Usually cards advertise that everything is quick and online, but with this card it actually was Set aside the application, the card arrived in no time at all which was pretty cool too. I really like the cashback that i get at stores but that is literally it I would really like if this card had a lot of bonuses or at least some airline miles or something but it doesn’t Aside from this, the card is really good and easy to use i had to contact customer support once and they were really nice and helpful even if the issue was my bad
Fees & Charges:
Features & Benefits:
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Application Process:
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Scotia Momentum® Mastercard®

Scotia Momentum® Mastercard®

Rec. Credit Score: Good

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