Scotiabank Momentum No-Fee Visa Card 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

Scotiabank Momentum No-Fee Visa Card4.0/5

Scotiabank

Annual fee
CA$0
Rewards rate
1%-0.5%
Welcome Bonus
CA$100
Apply Now →on Scotiabank's website

  • 1%Cash back on gas, groceries, drug stores, and recurring payments
  • 0.5%Cash back on 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:

Earn 1% cash back on gas, groceries, drug stores, and recurring payments, plus 0.5% on other purchases.

This card shines for its straightforward cash back rewards structure, offering 5% cash back on all purchases for the first three months, making it an excellent choice for those looking to maximize their rewards without an annual fee.

Pros:

  • No annual fee
  • Strong cash back on essential categories

Cons:

  • Lower cash back on non-essential purchases
  • Limited to specific categories
Apply now →

The Scotiabank Momentum No-Fee Visa Card is well-suited for individuals seeking a straightforward cash back rewards program without the burden of an annual fee. Its introductory 5% cash back on purchases during the first three months provides an attractive incentive for new users, making it a practical option for those who value simplicity and seek to earn rewards on everyday spending.

Frequently Asked Questions