Scotia Momentum® for business No Fee Visa* Card
Annual Fee
$0
No annual fee
Our valuationFirst-year valueConditional welcome cash backUp to $150TotalUp to $15010% cash back on your first $1,500 in purchases for three months, up to $150
Up to $150
Welcome offer
Up to$150
Offer ends Feb 28, 2027
Pros & Cons
Pros
- Welcome Bonus: Up to $150
- Purchase protection included
- No annual fee
Cons
- Foreign Transaction Fee (2.5%)
Our Review
The Scotia Momentum for business No Fee Visa Card is the entry point to cash back business cards in Canada: no annual fee, and no fee for your employees’ cards.
Welcome offer: earn 10% cash back on your first $1,500 in eligible purchases in the first 3 months, up to $150.
After that, you earn 1% cash back on all your eligible business purchases, with no annual cap.
Also note that you can use your cash back at any time (the cash back balance must be at least $25) and that it never expires as long as your account remains open. You can apply it as a statement credit or deposit it into a Scotiabank account.
With the Scotia Momentum for business No Fee Visa Card, you also benefit from protections for your purchases:
- Purchase Protection for 90 days
- Extended warranty on items purchased
- Mobile device insurance up to $1,000
The card also offers practical management tools for your business:
- Free supplementary cards for your employees
- Visa Spend Clarity for Business expense management tool
- Detailed expense reports by employee and by category
- Access to online statements
- Up to 6¢/L in value at Shell with a linked Shell Go+ account
Rewards
All Spending
1%
cash back on eligible purchases
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$300
$/yr
Estimated Value
$300
After Fees
+$300
1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.
$450
incl. welcome bonus
Annual rewards breakdown
Bills & recurring payments$3,000/yr × 1.00%$30
Telecom$1,800/yr × 1.00%$18
Gas$2,400/yr × 1.00%$24
Travel$1,800/yr × 1.00%$18
Restaurants$3,600/yr × 1.00%$36
Groceries$8,400/yr × 1.00%$84
Transit$1,200/yr × 1.00%$12
Entertainment & streaming$1,200/yr × 1.00%$12
Pharmacy$600/yr × 1.00%$6
All other spending$6,000/yr × 1.00%$60
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.00%
Average earn rate on spend 1st year with welcome bonus1.50%
Total cashback on spend$300
Welcome bonusUp to $150
The calculation assumes you earn the bonus. Check the offer terms for eligibility, spending requirements, and deadlines.
The calculation uses the maximum advertised welcome offer. Your actual offer may be lower or unavailable.
Total cashback earned$450
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Mobile Device
Included
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Cash advance rate23.99%
Terms & Conditions
Welcome offer: earn 10% cash back on your first $1,500 in eligible purchases during the first three months, up to $150.
Offer valid from August 17, 2026 to February 28, 2027, for new cardholders only. You are not eligible if you have held a Scotiabank business credit card, as primary or secondary cardholder, in the past two years.
No annual fee. No fee for supplementary cards. 1% cash back on eligible purchases with no annual cap. Annual interest rate of 21.99% on purchases and 23.99% on cash advances. Minimum credit limit of $5,000. Foreign currency conversion fee of 2.5%.
Mobile device insurance up to $1,000, 90-day purchase protection and extended warranty. Visa Spend Clarity for Business expense management tool.
Visa Zero Liability protection. Savings of up to 6¢ per litre in value at Shell with a linked Shell Go+ account. Limited time: until December 31, 2026, get an additional 3¢/L off at Shell when you pay with your linked card in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and the Northwest Territories (excluding Shell Flying J locations).
Legal
*Conditions apply. Rates, fees and other information are those published by Scotiabank and were recorded on August 18, 2026. Subject to change.
Additional 3¢/L at Shell (limited time)
Additional 3¢/L Fuel Discount Offer: Offer valid from October 5, 2026 to December 31, 2026 (“Promotional Period”), eligible Scotiabank credit and debit cardholders enrolled in the Shell Fuel Benefits Program who have linked an eligible Scotiabank payment card (an “Eligible Card”) to their Shell Go+ account will receive an additional instant fuel discount of 3 cents per litre on eligible fuel purchases at participating Shell-branded retail locations in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and the Northwest Territories (the “Eligible Provinces”) excluding Shell Flying J locations. Fuel purchases made outside the Eligible Provinces are not eligible for this offer.
To receive the additional fuel discount, customers must pay with their linked Eligible Card at the time of purchase.
The additional fuel discount is in addition to the fuel savings available through the Shell Fuel Benefits Program and may be combined with other eligible fuel discounts, rewards programs, and promotional fuel offers unless otherwise stated in the applicable offer terms and conditions.
The additional fuel discount is available on up to 1,000 litres of eligible fuel purchases per calendar month for each Eligible Card. The 1,000-litre limit resets at the beginning of each calendar month.
The additional fuel discount is non-transferable, is not redeemable for cash, and cannot be substituted or exchanged.
Participation in the Shell Fuel Benefits Program is subject to the applicable program terms and conditions available at Scotiabank Fuel Benefit Terms and Conditions.
Shell Canada reserves the right to make changes to this offer and to terminate the offer at any time, for any reason and without notice.
All other applicable terms and conditions of the Shell Fuel Benefits Program, Shell Go+ and Scotiabank continue to apply.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Sparks and Bloom may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Scotiabank. All trademarks are property of their respective owners.
