Scotia Momentum® Visa

CREDIT CARD

Scotiabank Momentum

No annual fee Get up to 1% cash back

Earn cash back on your everyday purchases

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Discover the Scotiabank Momentum Visa Cash Back Card

Finding the perfect credit card can be daunting, but the Scotiabank Momentum Visa Cash Back Card makes the choice easier for Canadians looking to maximize their everyday savings. With enticing cash back rates and a host of additional benefits, this card is designed to fit seamlessly into your financial routine. Read on to learn more about its features and why it might be the right card for you.

Advantages of the Scotiabank Momentum Visa Cash Back Card

1. 2% Cash Back: Earn 2% cash back on eligible gas, grocery, drug store purchases, and recurring payments, making everyday spending more rewarding.
2. 1% Cash Back: Receive 1% cash back on all other eligible purchases, ensuring you get rewards no matter where you shop.
3. Introductory Offer: Enjoy a 2.99% interest rate on balance transfers for the first six months, helping you manage existing debt more effectively.
4. Low Annual Fee: The card comes with an annual fee of $39, which is relatively low compared to other premium cash back cards.
5. Supplementary Cards: Add supplementary cards for $15 each per year, allowing family members to earn cash back on your account.
6. Insurance Coverage: Benefit from purchase security and extended warranty protection, safeguarding your purchases against theft, loss, or damage for 90 days.

Disadvantages of the Scotiabank Momentum Visa Cash Back Card

1. Annual Fee: While the annual fee is low, it is still an added cost that some users may prefer to avoid.
2. High-Interest Rates: The card has a 19.99% interest rate on purchases and 22.99% on cash advances, which can accumulate quickly if you carry a balance.
3. Limited High Cash Back: The 2% cash back is capped at $25,000 in annual purchases for the specified categories, after which the rate drops to 1%.

Why You Should Apply for the Scotiabank Momentum Visa Cash Back Card

The Scotiabank Momentum Visa Cash Back Card offers a balanced mix of cash back rewards, low fees, and valuable insurance coverage, making it an attractive option for many Canadians. If you’re someone who regularly spends on gas, groceries, or recurring bills, the 2% cash back can lead to significant savings over time. Furthermore, the card’s low annual fee and introductory balance transfer offer provide additional financial flexibility.

Beyond the tangible benefits, the card simplifies your financial management. Consolidating recurring payments, such as subscriptions and utility bills, not only maximizes your cash back but also streamlines your monthly budgeting process. The supplementary cards allow you to extend these benefits to family members, increasing the overall cash back earned.

In addition, the included purchase security and extended warranty protection offer peace of mind, ensuring your purchases are protected from unexpected events. These features, combined with the convenience of contactless payments and mobile wallet compatibility, make the Scotiabank Momentum Visa Cash Back Card a comprehensive financial tool.

If you’re looking to enhance your everyday spending and enjoy robust protection benefits, the Scotiabank Momentum Visa Cash Back Card is worth considering. Apply today and start earning rewards on your daily purchases, making every dollar work harder for you. For more details and to apply, visit the official Scotiabank Momentum Visa Cash Back Card page.