Scotia Momentum® Visa* Card

Scotia Momentum® Visa* Card

3.1/5

2.99% introductory interest rate on balance transfers up to 6 months

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Scotia Momentum® Visa* Card
FinlyWealth Logo

$60

Scotia Momentum® Visa* Card
Review

FinlyWealth Logo

$60 Cash Rebate From FinlyWealth

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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's algorithm factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.

Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, etc.)

$

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

$

Linked Credit Cards

Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.


Rebate + 25% Referral Bonus

Take advantage of Finly's exclusive rebate offer. Earn even more by sharing your unique referral link for a 25% bonus. Learn more about the Finly referral program.


Card Details

Based on $2,000 spending

First Year Value


$336.05

$276.05 in years after

Annual Rewards

$315.05

First Year Bonus

$0

Finly Rebate

$60

Annual Fee

$39

First Year Value

$336.05

Interest Rates


Purchase: 19.99%

Cash Advance: 22.99%

Balance Transfer: 22.99%

Promotional Rates


Balance Transfer: 2.99%

Promotional Period: 6 months

Annual Fee


$39

Annual Income


Personal: $12,000

Household: N/A

Credit Score Estimate


300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Welcome Bonus


Get a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)

Card & Reward Type


Card Type: Credit

Reward Type: Cash Back

Our Rating


3.1/5

Institution


Scotiabank

Rewards


  • 2% cashback on gas, groceries, drug store and recurring payments (maximum $500 annually)
  • 1% cashback on all other credit card purchases.

Insurance & Benefits


Insurance

Coverage

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

Benefits

Details

  • car rental

    Car Rental Discount

    25% off base rate of Avis Rent A Car and Budget Rent A Car

Pros & Cons


Pros

  • Cash Back Rewards: Earn up to 2% cash back on purchases.
  • Low Balance Transfer Rate: Benefit from a 2.99% rate on balance transfers for the first 6 months.
  • No Welcome Bonus: No initial sign-up bonus, keeping things straightforward.

Cons

  • Limited Insurance Coverage: Only basic insurance is included.
  • Annual Rewards Payout: Cash back rewards are paid out once a year as a statement credit.

See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Rewards Breakdown

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