In the low or no-charge credit card market, the Scotiabank Momentum Visa’s cash-back percentage is quite competitive. You will receive 2% cash back on every grocery shop, pharmacy, recurring bill, petrol, and daily transit spending. The card will earn 1% elsewhere.
Scotiabank Momentum VISA
No annual fee Get up to 1% cash backThis card might be ideal for you if you frequently spend a lot of money on groceries, petrol, and other daily expenses.
Some card details
The card has a nominal $39 annual fee, which is waived for the first year. Cash advances, Scotia Credit Card Cheques, and debt transfers are subject to a 22.99% interest rate, while outstanding balances will accrue interest at a 19.99% yearly rate.
For those who register an account by October 31, 2022, there is also an opening offer: For the first six months, you can transfer balances at a special introductory rate of 0% (the regular interest rate is 22.99% after that).
Learn more about Scotiabank Momentum Credit Card
A respectable number of cash-back benefits are provided by the Scotia Momentum Visa card. You may earn up to $500 in cash back on your annual expenditure on groceries, petrol, recurring bill payments, and pharmacy purchases using the $25,000 cap for 2% profits.
The 1% cash back rate on all other purchases and the 1% received when you spend more than $25K on these four particular categories are not included in this.
It starts to appear extremely excellent when you consider that this card provides a very attractive 0% balance transfer rate for 6 months.
Other Benefits of the Scotiabank Momentum
- Purchase Security: When you use your Scotia Momentum Visa card to make a purchase, the items are insured against loss, theft, and damage for up to 90 days. This insurance covers up to $10,000 in replacement or repair costs.
- Extended Warranty: The card provides a one-year extension of the manufacturer’s warranty. The purchase security and extended warranty coverages have $10,000 maximum claims per occurrence and $60,000 maximum claims lifetime limits.
- Save on Car Rentals: When you use your card to pay for a rental car at participating Avis and Budget stores in Canada and the United States, you might receive a discount of up to 25%.
A Simplified Guide to Applying for the Scotia Momentum VISA Credit Card
Applying for a credit card can often seem complex, but with the Scotia Momentum VISA Credit Card, the process is straightforward and rewarding. Here’s a step-by-step guide to help you navigate the application with ease.
- Step 1: Eligibility Check First, ensure you meet the basic requirements: a good credit score and legal age in your province or territory. This check is crucial for a smooth application process.
- Step 2: Gather Your Information Prepare necessary documents like identification, income proof, and address details. Having these at hand accelerates the application.
- Step 3: Explore Benefits Understand the perks of the Scotia Momentum VISA Card, like cash back rewards and low-interest rates, to make an informed decision.
- Step 4: Online Application Visit the official Scotia website. Navigate to the credit card section and select the Scotia Momentum VISA Card. Fill in the online form with your details accurately.
- Step 5: Review and Submit Double-check all entries for accuracy. Submit your application and await confirmation.
- Step 6: Follow-up After submission, keep an eye on your email or postal mail for the bank’s response.
Applying for the Scotia Momentum VISA Credit Card is a breeze when you’re prepared. This card offers an array of benefits, making it a smart choice for those looking to manage their finances effectively.
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