Pros & Cons
Pros
- +Up to 3x on Office
- +Purchase protection included
- +Travel medical insurance included
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
The Scotia Momentum for business Visa Card is one of the best cash back options for business owners in Canada.
You can earn up to 3% cash back on your business expenses:
- 3% cash back on eligible purchases at gas stations, restaurants, office supply stores, and electric vehicle charging stations
- 2% cash back on eligible shipping services and accounting or bookkeeping services, as well as on eligible recurring bill payments
- 1% cash back on all other eligible purchases
Also note that you can use your cash back at any time (the cash back balance must be at least $25).
What’s more, you currently benefit from an introductory rate of 2.99% on balance transfers for the first six months.
With the Scotia Momentum for business Visa Card, you also benefit from protections for your purchases:
- Purchase Protection
- Extended warranty
The card also offers practical financial management tools for your business:
- Detailed expense reports
- Flexible payment options
- Interest-free grace period of up to 25 days
- Access to online statements
- Possibility of adding additional cards for your employees ($29 per card)
Offer ends: 2026-10-31
Rewards
All Spending
1x
Cash Back pts per dollar
Office
3x
Restaurants
3x
Gas
3x
Recurring
3x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$480
$/yr
Estimated Value
$480
After Fees
+$401
1st Year Value
$401
incl. welcome bonus
Annual rewards breakdown
Travel Insurance
Travel Medical
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Interest Rates
- Purchase Rate19.99%
- Cash Advance22.99%
- Balance Transfer Promo2.99%
- Foreign Transaction Fee2.5%
Terms & Conditions
Card Features
2.99% introductory interest rate on Balance transfers for the first 6 months (22.99% after that, annual fee $79)
- 3% back on eligible purchases at gas stations, restaurants, office supply stores, and electric vehicle charging stations
- 2% back on eligible shipping services and accounting or bookkeeping services, as well as on eligible recurring bill payments
- 1% back on all other everyday business purchases
- 25-day interest-free grace period on new purchases
- Suite of comprehensive insurances
- Enjoy the flexibility of buying now and paying little by little with Scotia SelectPayTM
Legal
*Conditions apply. Rates, fees and other information are effective as of Oct 31, 2025. Subject to change.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. François Charron may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Scotiabank. All trademarks are property of their respective owners.