Offers
Welcome Bonus
Eligible new applicants for the Scotiabank Momentum for Business Visa Card can receive a welcome bonus of:
- 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $79).
FlyerFunds Rebate
Plus, if you apply for the Scotiabank Momentum for Business Visa Card through Frugal Flyer and are approved, you can receive an additional $0 paid directly to you.
Earning Cash Back
The Scotiabank Momentum for Business Visa card earns cash back for all eligible purchases made on the card:
- 3% cash back on purchases at gas stations, restaurants, office supply stores, and recurring bill payments (up to a total of $50,000 per calendar year).
- 1% cash back on all other eligible everyday purchases.
Once the cash back bonus rate threshold stated above is met, all future purchases will award 1% cash back for the remainder of the calendar year.
Redeeming Cash Back
Cash back earned on the Scotiabank Momentum for Business Visa card is issued as a statement credit in November. There is no action required from the cardholder to redeem their earned cash back.
Fees & Eligibility
| Personal Income | $0 |
| Household Income | $0 |
| Annual Fee | $79 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Balance Transfer Rate | 22.99% |
Insurance Coverage
The Scotiabank Momentum for Business Visa card offers the following insurance coverages:
- Travel emergency medical insurance: Coverage for the first eight days of any out-of-province trips for travelers under the age of 65 or the first three days for those aged 65 and up
- Rental car collision and loss damage coverage: Comprehensive coverage for cars up to $65,000 MSRP
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty protection: Extend the manufacturer’s original warranty up to one additional year
Refer to the Scotiabank Momentum for Business Visa card insurance certificate for additional details, including terms and conditions for eligibility.
Other Scotiabank Cards
| Credit Card | ||
|---|---|---|
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100,000 Scene+ points and $200 FlyerFunds Estimated value: $1,200 Ends Apr 30, 2026 |
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80,000 Scene+ points and $200 FlyerFunds Estimated value: $1,000 Ends Jul 1, 2026 |
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60,000 Scene+ points and $150 FlyerFunds Estimated value: $750 Ends Jul 1, 2026 |
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45,000 Scene+ points and $150 FlyerFunds Estimated value: $600 Ends Jul 1, 2026 |
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$200 cash back and $100 FlyerFunds Estimated value: $300 Ends Apr 30, 2026 |
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*See Card Provider’s website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.