Scotia Momentum No-Fee Visa Card
Scotiabank
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
Researching and writing about Canadian credit cards and rewards since 2026.
“Scotia Momentum No-Fee Visa Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/scotia-momentum-no-fee-visa, updated June 2026.
- Scotiabank cardholder agreement and rates & fees disclosure
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