$210
First-year value
$200
cash back
$0
Annual fee
Based on the minimum spend required to earn the full welcome bonus.
(up to $15,000/year, 0.5x after)
Last updated: February 5, 2026
The Scotia Momentum® No-Fee Visa* Card is a great option for balance transfers.†
| Tier | Amount | Requirement |
|---|---|---|
| Bonus earn rate | $200 | in 3 months |
Annual Fee
Free
Additional Card
Free
No annual fee means the welcome bonus is pure upside – worth claiming if you were planning grocery and gas spend anyway, though modest by market standards.
| Category | Rate | Cap | After Cap |
|---|---|---|---|
| Gas | 1% | $15,000/year1 | 0.5% |
| Groceries | 1% | $15,000/year1 | 0.5% |
| Drugstore | 1% | $15,000/year1 | 0.5% |
| Transit | 1% | $15,000/year1 | 0.5% |
| Bills | 1% | $15,000/year1 | 0.5% |
| Streaming | 1% | $15,000/year1 | 0.5% |
| Food Delivery | 1% | $15,000/year2 | 0.5% |
| Rideshare | 1% | $15,000/year2 | 0.5% |
| EV Charging | 1% | $15,000/year2 | 0.5% |
| Everything Else | 0.5% | — | — |
1 Combined $15,000/yr cap across all accelerated categories; reverts to 0.5%
2 Combined $15,000/yr cap
The flat rate across everyday categories makes this a strong autopay anchor for bills and groceries, but you'll want a dedicated travel card for flights and dining where this earns nothing meaningful.
With the Cash Back Anytime feature, cash back can be redeemed to your account at any time, as long as you've accumulated at least $25 and your account is open and in good standing. This means you no longer have to wait for an annual payout in November.
The welcome bonus cash back is awarded separately from your regular rewards. Your regular cash back posts as usual on each statement, while the bonus portion becomes available for redemption approximately four months after your account open date.
No annual fee
First Year FreeSince this card carries no annual fee, there are no traditional perks like lounge access, travel insurance, or statement credits – the value proposition is purely about earning rates and keeping the card active long-term without cost friction.
This card does not come with included insurance coverage; however, you can opt-in to the following insurance bundles:†
40,000 Scene+ points
60,000 Scene+ points
80,000 Scene+ points
100,000 Scene+ points
45,000 Scene+ points
$200 cash back
10,000 Scene+ points
5,000 Scene+ points
Last updated: February 5, 2026
