Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- creditcardGeniusIt comes with 4 different types of insurance, giving you and your business extra security when making purchases for your business or while traveling. To top it off, the Scotia Momentum for Business Visa Card will give new cardholders an introductory balance transfer rate of 0.99% for 6 months. So if...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 19.99% |
| Balance Transfer Interest Rate | 22.99% (2.99% for the first 6 months) |
| Cash Advance Interest Rate | 22.99% |
| Rates & Fees | |
| Annual Fee | $49.00 |
| Balance Transfer Fee |
3% Minimum of $3.50 |
| Cash Advance Fee |
$3.50 $7.50 for each cash advance obtained at any ABM, Scotiabank, and any financial institution that's outside of Canada. |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus | No |
| Rewards | |
| All Purchases | 1% cash back |
| Restaurants | 3% cash back (on first $50000 spent) |
| Gas | 3% cash back (on first $50000 spent) |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills |
3% cash back (on first $50000 spent) On recurring payments |
| Additional Details |
3% cash back (on first $50000 spent) on office supplies purchase |
| Features & Benefits | |
| Additional Card Holders |
Yes $29 per year for each card |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | No |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | No |
| Free Credit Scores | No |
| Wireless Payments | Paywave |
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Earn extra money to invest back into your business
It comes with 4 different types of insurance, giving you and your business extra security when making purchases for your business or while traveling. To top it off, the Scotia Momentum for Business Visa Card will give new cardholders an introductory balance transfer rate of 0.99% for 6 months. So...More
It comes with 4 different types of insurance, giving you and your business extra security when making purchases for your business or while traveling. To top it off, the Scotia Momentum for Business Visa Card will give new cardholders an introductory balance transfer rate of 0.99% for 6 months. So if your business is carrying around any pre-existing credit card debt, you can save big time on interest for those 6 months.