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...
- Enoch Omololu, SAVVY New CanadiansThe Scotiabank Momentum Mastercard is a straightforward cash back credit card offering up to 1% in rewards. It's a good option if you are looking for a student credit card or an entry-level card. It is easy to apply and qualify for it if you have a good credit score and a personal annual income of a...
- Rachel Cribby, Wealth RocketThe Scotiabank Momentum Mastercard is not a particularly memorable card — there isn’t a single feature on here that makes it stand out from the crowd — but that doesn’t mean that it’s not worth considering. After all, in the world of finances, not all that glitters is gold. If you are on a limited i...
- MoneyGeniusThe Scotiabank Momentum Mastercard has a 3 star rating because it is a no fee credit card that offers an easy way to earn cash back on all your purchases. And with a low income requirement, it is within reach of most Canadians who have a good credit score, which is also a nice feature. On the other...
- Claire Horwood, FinderThe Scotia Momentum Mastercard offers a modest, no-frills cash back rewards program in return for a fee-free service. Earn rewards on eligible gas, grocery and drug store purchases in addition to recurring payments.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.99% (7.99% for the first 6 months) |
| Balance Transfer Interest Rate | 22.99% |
| Cash Advance Interest Rate | 22.99% |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee | $5.00 |
| Cash Advance Fee |
$5.00
|
| 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 | 0.5% cash back |
| Restaurants | No |
| Gas | 1% cash back |
| Groceries | 1% cash back |
| Hotels | No |
| Travel | No |
| Pharmacy | 1% cash back |
| Bills |
1% cash back On recurring payments |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | Yes |
| Extended Warranty | No |
| Purchase Protection | No |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | No |
| Virtual Cards | No |
| Additional Benefits |
|
| 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 |
$12,000 per year |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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