Scotiabank Momentum No-Fee Visa Card
Scotiabank
Annual fee
CA$0
Rewards rate
1%-0.5%
Welcome Bonus
5% cash back for 3 months
Apply Now →on Scotiabank's website
- 5%Cash back on all purchases for the first 3 months
- 1%Cash back on groceries, gas, and recurring bills
- 0.5%Cash back on all other purchases
Welcome Bonus:
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
Reward Rate:
1% cash back on groceries, gas, and recurring bills, and 0.5% on everything else.
A key differentiator is the 5% cash back on all purchases for the first 3 months, making it a great option for new cardholders looking to maximize rewards.
Pros:
- No annual fee
- High cash back rate for the first 3 months
Cons:
- Higher interest rates
- Limited cash back on other purchases
The Scotiabank Momentum No-Fee Visa Card is a suitable option for individuals seeking a no-annual-fee credit card with a straightforward rewards structure and a temporary boost in cash back for new users. Its introductory 5% cash back on all purchases for the first three months is particularly advantageous for those looking to maximize rewards during their initial spending period.