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Scotia Momentum® VISA* Card

Scotia Momentum® VISA* Card

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

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$39.00 *$15.00 each Supplementary Card 19.99% 2.99% *22.99% after 6 months 22.99% Good 2.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details


  • 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

  • Rates, fees and other information are effective as of August 1, 2019. Subject to change.


*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.

Features and Benefits

  • Purchase protection and extended warranty
  • Avis Rental Car Discount

RateSupermarket.ca's Review

Earning potential

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.


Assuming $1,600.00 is spent on the card monthly, at eligible retailers in the following categories:

 

Pharmacy Food Gas
$55.33 $710.58 $134.31
Travel Other Monthly Total
$151.21 $548.57 $1600.00

 

Cash back earned over a 24-month period = $600.05
Annual fee (x2 for 24-month period) = $78.00
Total earned over a 24-month period (rewards minus annul fee) = $522.05

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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