Highlights
- 2% on groceries, drugstores, gas, EV charging, transit, food delivery, and eligible recurring bills on the first $25,000 a year.
- 1% on other eligible purchases, and on accelerated categories after you hit the cap.
- Redeem cash back once the balance reaches $25, as a statement credit or a deposit to an eligible Scotiabank Canadian-dollar chequing or savings account. It does not expire while the account is open and in good standing.
Issuer: Scotiabank
Network: Visa
Card type: Credit card
Annual fee: $49 primary; $15 supplementary
Foreign transaction fee: 2.5%
Rewards are cash under the Cash Back Program, calculated on net purchases in Canadian dollars.
Welcome offer
【September 5, 2026 update】 A 9-month 0.99% promotional rate on eligible cash advances and balance transfers, plus an extra $60 cash reward:
- If the account opens between July 2, 2026 and January 3, 2027 (the application date does not matter), eligible cash advances, balance transfers, and cash-like transactions get a 0.99% rate for 9 months from account opening.
- Each of those transactions during the promotional period has a 2% balance-transfer fee, minimum $5. After the period, any unpaid promotional balance uses the then-current cash-advance rate (currently 22.99%).
- You cannot use the offer to transfer, pay, or deposit between Scotiabank accounts. Cash-advance limits and your approved credit limit still apply.
- Current or former primary or supplementary cardholders of a Scotiabank personal credit card in the past 2 years, including anyone who switched to an existing Scotiabank personal card, are not eligible. The bank can revoke the offer if it decides you do not qualify.
- Miss the minimum payment by the due date two times in a row and you lose the promotional rate. Unpaid balances then use the standard annual rates (currently 25.99% on purchases and 27.99% on cash advances).
- Apply through the blog partner site and you can get an extra $60 cash reward.
Apply through the referral link 🔗
Everyday spending
2%: grocery and supermarket (MCC 5411), drugstore (MCC 5912), gas station (MCC 5541, 5542), EV charging (MCC 5552), everyday transit such as bus, taxi, and rideshare (MCC 4111, 4112, 4121, 4131, 4789), food delivery and Scotiabank-selected delivery services that may change, and eligible recurring bills that a merchant posts automatically each month or on a regular schedule (typical examples include telecom, insurance, memberships, and subscriptions). Combined accelerated categories are capped at the first $25,000 a year, counted from the statement cycle of the account-opening month and reset every 12 months; spending above that earns 1%. Not every merchant offers recurring card payments. Scotiabank has announced that from October 22, 2026, rent payments (MCC 6513) and tax payments (MCC 9311) will no longer count as eligible recurring bills.
1%: other eligible purchases, and accelerated-category spend after the annual $25,000 cap. The website does not publish a further cap on this rate. Rewards are calculated on posted net purchases; credits such as returns reverse cash back at the original rate. Balance transfers, cash advances, cash-like transactions, interest, fees, and insurance premiums are not eligible purchases.
Benefits and insurance
- Cash Back redemption
Once the balance reaches $25, the primary borrower or coborrower can redeem anytime in the Scotia app or online banking, as a statement credit or a deposit to an eligible Scotiabank Canadian-dollar chequing or savings account in the same name as the card account. Supplementary cardholders cannot redeem. The balance does not expire while the account is open and in good standing. If you close the account in good standing, you can call to redeem within 90 days of the closing date; after that it is forfeited. If you close the account and it is not in good standing, the entire accumulated balance is forfeited. A redemption posted to the card account is not a payment; you still need to make the minimum payment to stay in good standing.
- 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 2% cash back, which the website converts to about 2¢/L when fuel is at least $1.00/L, subject to the $25,000 annual accelerated-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 7¢/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/scotiabankmomentum, 1-800-879-2847, discount code C030401. Book Budget at budget.com/scotiabankmomentum, 1-800-268-8900, corporate discount code A363301.
- Instalment plans (Scotia SelectPay)
You can convert an eligible purchase of $100 or more into an instalment plan. The website describes the plan rate as low and says there is no instalment-plan fee; the Scotia SelectPay terms govern.
Shopping insurance
Official insurance certificate 🔗
- Purchase Security
You must charge the full purchase price (including tax) of a new personal item to this card. Coverage can apply worldwide for 90 days from the purchase date for loss, theft, damage, or fire, and it is excess of other insurance. Settlement is the lowest of repair, replacement, the original purchase price, or $10,000. Combined with extended warranty, the limit is $10,000 per claim and $60,000 lifetime per account. Travellers cheques, cash, tickets, gold, silver and rare coins, art, used or display items, animals, living plants, perishables such as food and alcohol, aircraft and motor vehicles and their parts, items consumed in use, services, items used for business, and mail-order or online purchases not yet received are among the exclusions. Jewellery left in unsupervised baggage is not covered; if an entire supervised bag is stolen, jewellery is limited to $2,500 per incident. Misuse, normal wear, inherent defects, mysterious disappearance, and theft from an unlocked vehicle are also excluded. Call 1-800-263-0997 within 45 days of the loss and before any repair.
- Extended Warranty
You must charge the full purchase price to this card, and the original written manufacturer warranty must be valid in Canada or the United States. The repair period can be doubled, up to one extra year. Items with a manufacturer warranty of five years or more must be registered in the first year after purchase (receipt, charge slip, the full warranty wording, and the model and serial number) or they are not covered; warranties under five years do not need registration. Aircraft and motor vehicles and their parts, used goods, living plants, trim parts, services, business use, dealer or assembler warranties, and obligations beyond the original manufacturer warranty are not covered. Claims share the $10,000 per-claim and $60,000 lifetime limits with purchase security. Get insurer approval before any repair.
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