Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
25% Referral Cash Bonus
Share your unique referral link to the Scotia Momentum® No-Fee Visa* Card and earn a 25% rebate bonus. Learn more about the Finly referral program.
Card Details
Based on $2,000 spending
First Year Value
$322.53
$157.53 in years after
Annual Rewards
$157.53
First Year Bonus
$100
Finly Rebate
Annual Fee
$0
First Year Value
$322.53
$157.53 in years after
Interest Rates
Cash Advance: 22.99%
Purchase: 19.99%
Annual Fee
$0
Annual Income
Personal: $60,000
Household: $100,000
Credit Score
Good
Welcome Bonus
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.
Card Type
Cash Back
Our Rating
3/5
Institution
Scotiabank
Rewards
- 1% cashback on gas, groceries, drug store and recurring payments
- 0.5% cashback on all other credit card purchases (unlimited).
Scotia Momentum® No-Fee Visa* Card Cash Back Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Groceries, Pharmacy, Gas, Recurring Transactions
$84.52
All other purchases
$73
Net Annual Rewards
$157.53
Rewards Summary
Net Annual Rewards
$157.53
First Year Card Bonus
$100
First Year Card Value
$257.53
Finly Rebate
$65
Insurance & Benefits
Insurance
Coverage
Benefits
Details
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Pros & Cons
Pros
- No Annual Fee: Enjoy cash back rewards without any annual cost.
- Welcome Offer: Get 5% cash back on purchases for the first three months (up to $100).
- Cash Back Rewards: Earn up to 1% cash back in select categories.
Cons
- Lower Earn Rate: Offers a below-average cash back rate compared to other cards.
- Annual Redemption: Cash back can only be redeemed once per year.
- Lacks Insurance Coverage: No travel or consumer insurance, including purchase protection and extended warranty.