Highlights
- No annual fee on the primary card or supplementary cards.
- 1% at gas stations, grocery stores, drugstores, and on eligible recurring bills; 0.5% on other eligible purchases.
- Cash back accumulates through the year and posts as a credit on the November statement.
Issuer: Scotiabank
Network: Mastercard
Card type: Credit card
Annual fee: $0 primary; $0 supplementary
Foreign transaction fee: 2.5% of the converted amount on foreign-currency transactions, applied to both debits and credits
Rewards are cash under the Scotia Momentum Mastercard Cash Back Program, calculated on net purchases in Canadian dollars and paid in November each year.
Welcome offer
【September 5, 2026 update】 New accounts can get a 7.99% promotional purchase rate for 6 months:
- If the account opens between October 31, 2025 and October 31, 2026 (the application date does not matter), eligible purchases get a 7.99% rate for 6 months from account opening. Those promotional purchases do not carry a separate promotional low-rate fee.
- Eligible purchases exclude payments, cash advances (including balance transfers and cash-like transactions), interest, fees, and other charges.
- After the promotional period, any unpaid promotional purchase balance uses the then-current purchase rate (currently 20.99%).
- Current or former primary or supplementary cardholders of a Scotiabank personal credit card in the past 2 years, including anyone who switched cards, and Scotiabank employees, are not eligible.
Apply through the referral link 🔗
Everyday spending
1%: eligible net purchases that Mastercard classifies as gas stations, grocery stores, and drugstores (MCC 5411, 5541, 5542, 5912), plus recurring payments a merchant posts automatically each month or on a regular schedule (typical examples include telecom, insurance, memberships, and subscriptions). A merchant at the same location coded in another category does not earn this rate. Not every merchant offers Mastercard recurring billing. The Cash Back Program terms do not publish a separate annual spend cap for this rate.
0.5%: other eligible purchases. Cash advances, Scotiabank credit-card cheques, balance transfers, cash-like transactions (such as wire transfers, travellers cheques, foreign currency, money orders, betting, casino chips, and lottery tickets), interest, account payments, fees, service charges, and returns do not earn. Rewards are calculated on posted net purchases; credits such as returns reverse cash back at the original rate.
Benefits and insurance
- Annual November statement credit
This is an annual program: rewards accumulate each month, post as a credit on the November statement, then start again with the December statement cycle. The account must be in good standing when the purchase posts and when the monthly statement is issued. It must also be in good standing and still open when the November statement pays out (no two or more unpaid minimum payments in a row, and the account cannot be suspended, cancelled, or closed). Close the account before the November statement is issued and the entire accumulated balance is forfeited. The website does not allow an early payout.
- Shell fuel benefit (Shell Go+ fuel benefit)
You need to link both this card and a Scene+ account to Shell Go+. At participating Shell locations in Canada, fuel of any grade paid with a linked eligible Scotiabank debit or credit card gets an instant 3¢/L discount, up to 1,000 litres per month per payment-card account. Eligible net gas-station purchases on this card (MCC 5541, 5542) also earn 1% cash back, which the website converts to about 1¢/L when fuel is at least $1.00/L; that Shell note also cites a $25,000 annual spend cap. Scene+ members earn 1 point per litre, plus 1 extra point per litre on V-Power gasoline or diesel when Scene+ is linked to Shell Go+. The website values the Scene+ portion at up to about 2¢/L, using an average of about $10 in fuel per 1,000 points. The 6¢/L maximum assumes Premium fuel, a price of at least $1.00/L, and both the card and Scene+ linked to Shell Go+. The actual amount varies with the fuel grade, the pump price, whether the accounts are linked, and how you redeem Scene+ points.
- Car rental savings (Avis and Budget car rental savings)
Pay with this card at participating Avis and Budget locations in Canada and the United States and you can save up to 25% off the base rate (time and mileage only). Taxes and extras such as the air-conditioning excise recovery fee, concession recovery fee, vehicle licence recovery fee, energy recovery fee, tire management fee, frequent-traveller fee, customer facility charge, and environmental fee recovery are not included. Book Avis at avis.com/scotiabankmomentumMC, 1-800-879-2847, discount code C030404. Book Budget at budget.com/scotiabankmomentumMC, 1-800-268-8900, corporate discount code A363305.
- Mastercard Worldwide Acceptance
Mastercard says the network can be used in more than 150 currencies, 210 countries and territories, and millions of merchants worldwide.
- Mastercard Priceless experiences
Cardholders can browse culture, dining, sports, and entertainment experiences at Priceless.com. The website says the program covers more than 45 destinations worldwide. Mastercard or its affiliates or third parties provide this benefit.
- Mastercard Global Services
If the card is lost or stolen, you can contact Mastercard Global Services for a replacement card or an emergency cash advance, 24 hours a day, 7 days a week, in addition to calling Scotiabank. Mastercard or its affiliates or third parties provide this benefit.
- Mastercard Zero Liability
Unauthorized use of a Canadian-issued Mastercard can be covered by Zero Liability. Mastercard provides this benefit.
