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Scotiabank · Visa · Student

Scotia Momentum No-Fee Visa Card (for students)

No annual fee Cash BackNo Annual FeeStudent
3.5
★★★☆☆

Solid value

CardPick score · from real fees, rewards & perks
You'll finish your application securely on Scotiabank's own website.
Welcome value
$200
est. first-year value
Annual fee
$0
no yearly cost
Purchase interest
20.99%
on carried balances
Rewards type
cashback
on eligible spend
🛒
1% value on groceries
Your top earn category
🎁
$200 welcome bonus
Estimated first-year value
No annual fee
$0 to keep the card
🛡️
1 insurance coverages
Built-in protection

Rewards

Base earn rate0.5% cash back on all other eligible purchases
Welcome bonusEarn 10% Cash Back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (2% fee per cash advance)
Rewards typecashback

Fees & rates

Annual fee$0
Purchase interest rate20.99%
Cash advance rate22.99%
Foreign transaction fee2.5% (typical)

Standout perks

Save up to 25% off base rates at participating AVIS and Budget locations in Canada and the US
up to 25%
Scotia SelectPay - flexible way to pay off eligible purchases of $100 or more with low interest rates and no installment plan fee

Everyday features

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

Insurance coverage

🛡️

rental car

up to 25% savings on base rates

Eligibility

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