Scotia Momentum for business Visa review

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Advertiser Disclosure

Interest Rate: Purchases
19.99
Balance Transfer
22.99 (2.99% for the first 6 months)
Rewards
1 - 3% cashback
Signup Bonus
-


Am I eligible?


Scotia Momentum for business Visa is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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...


creditcardGenius

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...

- creditcardGenius

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
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Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


creditcardGenius

Earn extra money to invest back into your business

creditcardGenius

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.

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