Scotia Momentum No-Fee Visa Card
First-time cardholders or balance transferrers who want a free everyday cash back card.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A serviceable no-fee starter card with a strong intro offer, but its capped 1% categories and 0.5% base rate are easily beaten by other free cash back cards.
Reward rates
Groceries $15,000 combined annual cap across all 1% categories | 1% |
Gas & EV charging | 1% |
Transit, rideshare & food delivery | 1% |
Drugstores & pharmacies | 1% |
Recurring bill payments | 1% |
Everything else | 0.5% |
Welcome bonus
10% cash back on first $2,000 in purchases (up to $200), plus 0% intro interest on balance transfers for 6 months (2% fee)
Requirement: Earn 10% on up to $2,000 in everyday purchases in the first 3 months. Offer for accounts opened May 1 - Nov 1, 2026
Pros
- Solid 10% intro cash back offer for a no-fee card
- Useful 0% balance transfer intro offer
Cons
- Mediocre ongoing earn rates (1% capped, 0.5% base)
- No insurance coverage included
Perks
- No annual fee
- 0% intro balance transfer rate for 6 months (2% fee)
- Redeem cash back anytime ($25 minimum)
- Up to 25% off Avis and Budget car rentals
- Up to 6 cents/L in value at Shell
Frequently asked questions
Is the Scotia Momentum No-Fee Visa Card worth it?
It has no annual fee, and we rate it 3.3 out of 5. It's best suited to first-time cardholders or balance transferrers who want a free everyday cash back card. The welcome bonus is worth roughly $200, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Scotia Momentum No-Fee Visa Card earn?
It earns 1% on groceries, 1% on gas & ev charging and 1% on transit, rideshare & food delivery.
What credit score do you need for the Scotia Momentum No-Fee Visa Card?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Scotia Momentum No-Fee Visa Card Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/scotia-momentum-no-fee-visa, updated June 2026.
- Scotiabank cardholder agreement and rates & fees disclosure
- VaultNerd cards database