Scotia Momentum® Mastercard®* Credit Card

Pros & Cons

Pros

+No annual fee

Cons

–Foreign Transaction Fee (2.5%)
–No purchase protection

Our Review

Rewards

All Spending

0.5x

Cash Back pts per dollar

Groceries

Gas

Pharmacy

Recurring

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries1.00%

$700/month

Gas & EV1.00%

$200/month

Transit0.50%

$100/month

Restaurants0.50%

$300/month

Pharmacy1.00%

$50/month

Travel0.50%

$150/month

Bills & recurring payments1.00%

$250/month

Telecom0.50%

$150/month

Entertainment & streaming0.50%

$100/month

Office supplies0.50%

$0/month

All other spending0.50%

$500/month

Cashback earned

$222

$/yr

Estimated Value

$222

After Fees

+$222

1st Year Value

$222

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 1.00%$84

Gas & EV$2,400/yr × 1.00%$24

Transit$1,200/yr × 0.50%$6

Restaurants$3,600/yr × 0.50%$18

Pharmacy$600/yr × 1.00%$6

Travel$1,800/yr × 0.50%$9

Bills & recurring payments$3,000/yr × 1.00%$30

Telecom$1,800/yr × 0.50%$9

Entertainment & streaming$1,200/yr × 0.50%$6

All other spending$6,000/yr × 0.50%$30

Total annual spend$30,000

Monthly spend$2,500

Average earn rate on spend per year0.74%

Total cashback earned$222

Interest Rates

Purchase Rate
20.99%
Cash Advance
22.99%
Foreign Transaction Fee
2.5%

Eligibility

Personal Income

$12,000

Household Income

$12,000

Terms & Conditions

Card Features

7.99% introductory interest rate on purchases for the first 6 months (20.99% after that)1
Cash back on everyday spending with no annual fee
1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
0.5% cash back on all other eligible everyday purchases

Legal

*Conditions apply. Rates, fees and other information are effective as of October 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.