Scotia Momentum VISA Card

Scotia Momentum® VISA* Card

Card Features

  • Get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $39)
  • Earn 2% cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
  • Earn 1% cash back on all other eligible purchases.
Note: A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions).

Interest Rates

Purchase APR: 19.99%

Balance Transfer APR: 22.99%

Cash Advance APR: 22.99%

Annual Fee

$39

Additional Cardholders: $15

Pros

  • 2% cash back rate on gas, groceries, recurring payments and drug store purchases
  • Low rate intro balance transfer option available

Cons

  • Excellent credit needed to be approved

Bonus Offer

None

Introductory Rates

0% on balance transfers for 6 months

Reward Earnings Rate

2% cash back in select categories, 1% everywhere else

Additional Details

Grace Period: 21 Days

Minimum Credit Limit: $500

Fees

Balance Transfer Fee: See Terms*

Cash Advance Fee: See Terms*

Foreign Transaction Fee: 2.5%

Over Credit Limit Fee: $29