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The Scotia Momentum No-Fee Visa card is a straightforward cash back credit card offering up to 1% cash back on grocery, gas, drugstore and recurring bill payments.

This card is one of three Momentum Visa Cards from Scotiabank. The other two are the Scotia Momentum Visa card and the popular Scotia Momentum Visa Infinite card.

This review of the Scotia Momentum No-Fee Visa covers its pros, cons and everything else you need to know.

Scotia Momentum No-Fee Visa Card

Summary of Features

  • No annual fee
  • Up to 1% cash back on eligible purchases
  • 7.99% introductory purchase APR (6 months)
  • 19.99% regular purchase APR; 22.99% APR on cash advances and balance transfers
  • Car rental discounts
  • Free supplementary cards

Scotia Momentum No-Fee Visa Benefits

1. No Annual Fee: This card has no annual fees which make it an option if you are looking for a no-fee cash back card.

2. Low-Rate Purchase APR: It comes with an introductory low purchase interest rate of 7.99% for the first 6 months. After the promotional period ends, you pay a regular 19.99%.

3. Cash Back Rewards: Earn 1% cash back on gas, groceries, drug store purchases and recurring bill payments. For all other eligible purchases, you earn 0.5% cash back.

4. Car Rental Discount: You can save up to 25% on car rental rates at AVIS and Budget locations when you pay with your card.

Downsides of the Card

The Scotia Momentum No-Fee Visa card does not provide any insurance coverage.

Is The Scotia Momentum  No-Fee Visa For You?

The Scotia Momentum No-Fee Visa is a no-frills, no-fee cash back card from one of Canada’s big five banks. 

You can apply for this card with an average credit score and a personal annual income of $12,000. The card is convenient to use, offering a variety of quick payment options including Visa payWave, My Mobile Wallet, Visa Checkout and Apple Pay.

It’s 1% cash back offers cover everyday purchases making it easy to actually earn cash back.

One other cash back credit cards you may be interested in is the Tangerine Money-Back credit card. It has no annual fees, offers a regular 2% cash back for three categories of purchases plus extended warranty and purchase protection.

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Scotia Momentum No-Fee Visa Card Review
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Summary

The Scotia Momentum No-Fee Visa card is a straightforward cash back credit card offering up to 1% cash back on grocery, gas, drugstore and recurring bill payments. This review covers what you need to know.