Momentum Credit Card

Benefits

Yes

🪙 Cashback

Up to 1%

🧾 Annual Fee

No fee

👍 Requirement

Minimal annual income of $12,000

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What is the ScotiaBank's Momentum Credit Card?

The Scotia Momentum® No-Fee Mastercard®* Credit Card is a cash back credit card offered by Scotiabank. It’s an entry-level card with no annual fees, a perfect choice for young adults or newcomers who want to obtain a convenient and secure payment method for everyday purchases, but also build a credit history without spending too much.

How does ScotiaBank's Momentum Credit Card work?

You can earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments. All other spending attracts 0.50% cash back rate. That means you can get money back every time you use the card, it’s like getting rewarded for your everyday spending!

Your reward accumulates each month, and is awarded at the end of each 12 month period and applied as a credit on your November account statement.

And all you need is to have a minimal annual income of $12,000 in order to apply.