Pros & Cons
Pros
- Up to 3% on office supplies, at restaurants, at gas stations and on bills & recurring payments
- Purchase protection included
- Travel medical insurance included
Cons
- Annual fee ($79/yr)
- Foreign Transaction Fee (2.5%)
Our Review
The Scotia Momentum® for business Visa* Card turns business spending into cash back you can use once your balance reaches $25. With a $79 annual fee, it suits businesses with regular spending on gas, dining, office supplies, and recurring bills.
For everyday business spending, you earn:
- 3% cash back at eligible gas stations, restaurants, office supply stores, and electric vehicle charging stations, as well as on eligible recurring bill payments;
- 2% cash back on eligible shipping and accounting or bookkeeping services;
- 1% cash back on other eligible purchases.
The 3% and 2% categories share a $40,000 annual eligible-spending limit, then earn 1%. This 12-month period runs from the statement period of the account-opening month.
Expense reports and online statements help you track your business purchases. You can also add employee cards for $29 per card and benefit from purchase protection and an extended warranty, subject to applicable terms.
A balance transfer offer is also available: 2.99% for the first 6 months, then 22.99%. Review the applicable terms and fees before making a transfer.
Rewards
All Spending
1%
cash back on eligible purchases
Office
3%
cash back on eligible purchases
Restaurants
3%
cash back on eligible purchases
Gas
3%
cash back on eligible purchases
Recurring
3%
cash back on eligible purchases
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$480
$/yr
Estimated Value
$480
After Fees
+$401
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.
$401
incl. welcome bonus
Annual rewards breakdown
Bills & recurring payments$3,000/yr × 3.00%$90
Telecom$1,800/yr × 1.00%$18
Office supplies$0/yr × 3.00%$0
Gas$2,400/yr × 3.00%$72
Travel$1,800/yr × 1.00%$18
Restaurants$3,600/yr × 3.00%$108
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 year1.60%
Total cashback earned$480
Travel Insurance
Travel medical (under 55)
Included
Travel medical (55-64)
Included
Travel medical (65+)
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Fees and interest rates
- Annual Fee$79
- Additional card fee$29
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Balance transfer rate22.99%
- Cash advance rate22.99%
- Balance Transfer Promo2.99%
Intro period: 6 months
Terms & Conditions
2.99% introductory interest rate on Balance transfers for the first 6 months (22.99% after that, annual fee $79)
Offer applies to accounts opened from November 2, 2026 through April 30, 2027.
- 3% back on eligible purchases at gas stations, restaurants, office supply stores, and electric vehicle charging stations
- 2% back on eligible shipping services and accounting or bookkeeping services. Earn 3% cash back on eligible recurring bill payments
- 1% back on all other everyday business purchases. The 3% and 2% categories share a $40,000 annual eligible-spending limit; excess spending earns 1%. The limit resets every 12 months from the statement period of the account-opening month.
- 25-day interest-free grace period on new purchases
- Suite of comprehensive insurances
- Enjoy the flexibility of buying now and paying little by little with Scotia SelectPayTM
Legal
*Conditions apply. Cash back program terms are effective October 22, 2026; source consulted October 31, 2026. Other rates and fees are subject to change.
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.
