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Scotiabank
Scotiabank · Visa

Scotia Momentum for business Visa* Card

Strong cash back Cash BackBusiness
3.5
★★★☆☆

Solid value

CardPick score · from real fees, rewards & perks
You'll finish your application securely on Scotiabank's own website.
Welcome value
—
est. first-year value
Annual fee
$79
per year
Purchase interest
20.99%
on carried balances
Rewards type
cashback
on eligible spend
⛽
3% value on gas & transit
Your top earn category
🛡️
4 insurance coverages
Built-in protection

Rewards

Base earn rate1% cash back on all other everyday purchases
Welcome bonus5% cash back on first $6,500 in eligible purchases within first 3 months, plus 2.99% introductory balance transfer rate for 6 months
Rewards typecashback

Fees & rates

Annual fee$79
Additional card$29
Purchase interest rate20.99%
Cash advance rate22.99%
Foreign transaction fee2.5% (typical)

Standout perks

⭐
Shell Go+ fuel benefit: instant 3/L discount on fuel purchases at participating Shell locations in Canada
3/L instant discount (up to 1,000 litres per month)
⭐
Earn 3/L in cash back value on fuel purchases at gas stations
3/L cash back (part of 3% category earn rate)
⭐
Visa payWave contactless payment for quick, easy payments on everyday purchases
⭐
Click to Pay secure online checkout technology
⭐
Visa SavingsEdge automated discount program offering discounts from participating merchants
⭐
Scotia SelectPay allows converting eligible purchases of $100 or more into fixed monthly installment payments
⭐
Visa Spend Clarity for Business web-based expense tracking and management tool with customizable reporting and accounting software integration

Everyday features

📱 Apple Pay & Google Pay
🔒 Zero-liability fraud protection
📶 Tap to pay
🛒 Purchase security

Insurance coverage

🛡️

travel medical

up to $1,000,000

🛡️

rental car

actual cash value of vehicle

🛡️

purchase protection

up to $60,000 maximum lifetime liability

🛡️

extended warranty

up to $60,000 maximum lifetime liability

Eligibility

Minimum personal income$15,000
Credit score guidanceGood (660+)
ResidencyCanadian resident