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Scotia Momentum® VISA® Card

Consumer Reviews, Credit Score, Fees, Application & Best Alternatives


Updated: Sep 11, 2020
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Been waiting for a better credit card offer? It's here. ScotiaBank and Visa now offer the low-fee cash back rewards Momentum credit card. It's a smart financial choice that is designed to protect consumers, ensure lower fees and offer a great rewards program, too. Applying is easy when you visit the ScotiaBank website and there's always a great customer service team on ready to answer questions.

ANNUAL FEE:

$39*

ONGOING APR:

19.99% *

INTRO APR:

2.99%*

23 User Ratings Scotia Momentum® VISA® Card

at Scotiabank Secured website

Save to Compare

Introductory APR
2.99%*
Intro APR Period
6 months on BT*
Minimum Credit Score
Good*

Key Features


  • 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)◊
  • Cash back with low annual fee
  • 2% on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 1% cash back on all other eligible everyday purchases
$ 39 2020-11-30 InStock

Our Take


Consider the credit cards you've used over the years, some of which you may still carry in your wallet, rarely, if ever used because of a too-high interest rate, too many fees that make it unaffordable or maybe just because of poor customer service. Even those that you do often may not offer everything you'd define as a perfect financial tool. Now consider ScotiaBank Momentum. This credit card has the backing of two of the ...

Consider the credit cards you've used over the years, some of which you may still carry in your wallet, rarely, if ever used because of a too-high interest rate, too many fees that make it unaffordable or maybe just because of poor customer service. Even those that you do often may not offer everything you'd define as a perfect financial tool. Now consider ScotiaBank Momentum. This credit card has the backing of two of the biggest names in the financial industry: ScotiaBank and Visa. That's a lot of power packed into a credit card - but it's what every consumer is looking for. Let's face it, there is an overwhelming number of credit cards on the market today. Finding the one that meets your needs, offers affordable fees and lower interest rates can be challenging. Just when it seems as though you've discovered that ideal rewards credit card, you realize the fees are simply too high. There has to be a better way - and that better way is found in this great rewards card. A low interest rate, the latest in credit card safety technology, cash back on every day purchases, and even those monthly recurring payments we make for our mortgages, insurance and car payments. Plus, you'll enjoy worldwide acceptance, the convenience of Visa payWave as well as Visa Checkout and you're eligible for My Mobile Wallet. You'll never worry about another purchase when you add the security and extended warranty protection. There's a reason the ScotiaBank Momentum stands apart - come and see for yourself.


Pros

  • Long term intro rates
  • Rewards program

Cons

  • Annual fee
  • No bonus points

Basic Information

Issuer: Scotiabank
Network: VISA
Category: Consumer (Regular)
Common Uses:
  • Instant Decision
Rewards: Yes
Reward Types:
  • CashBack Reward Cards
  • Gas Reward Cards
  • Universal Reward Cards
Reward Units: Cash
 

Rates & Fees

Introductory APR (%): 2.99%*
Applied Towards:
  • Balance Transfer
Intro Period: 6 months on BT*
Regular APR: 19.99%
Regular APR Type: N/A
Annual Fee: $39*
Balance Transfer: Yes*
APR on Cash Advances: 22.99%*
Grace Period: See Terms*
Late Payment Fee: N/A
 

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Additional Information & Comments

The introductory 2.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the "Offer"). This rate applies when the new Scotiabank credit card account ("Account") is opened by the defined period (see website for details) (the "Offer End Date") and will continue for 6 months from that date ("the Promotional Period"). This offer cannot be used to transfer a balance from another Scotiabank Account or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotiabank® Credit Card Cheques and cash-like transactions) that applies on your Account. Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer. The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates and fees are subject to change. A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions).



IMPORTANT
*The information provided for Scotia Momentum® VISA® Card is believed to be accurate at the time of evaluation or recent update on September 11, 2020. 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.
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Scotia Momentum® VISA® Card Reviews - (1 User Reviews)

Share your experience and review the Scotia Momentum® VISA® Card
(Good)
November 18, 2020
Income on Application
$74000
Credit Score
Excellent (740-850)
Credit Limit
$5000
File for Bankruptcy
No
Low-fee cash back rewards
If you’re looking for a good low-fee cash back rewards credit card, I would recommend trying this card. Applying is exceptionally easy and I really have to give it to their customer support, those guys really know how to help a client. The card has a few downsides, which isn’t anything new. There are no bonus points and annual fees could be better, but there are tons of rewards that make this card so good. What sealed the deal for me was their customer protection program. It’s not the best, but it’s definitely not the worst card out there.
Fees & Charges:
4/5
Features & Benefits:
4/5
Customer Support:
5/5
Application Process:
4/5
Comment (0)

Scotia Momentum® VISA® Card

Scotia Momentum® VISA® Card

(23)
Min. Credit Required: Good*