Scotia Momentum No-Fee Visa Card

1% cash back on four accelerated groupings: (a) groceries, food delivery and food subscription services, and drugstore purchases; (b) gas, electric vehicle charging, and daily transit such as buses, taxis and rideshares; (c) eligible recurring bill payments such as utilities and gym memberships; (d) eligible recurring subscription services such as music and video streaming. Everything else earns 0.5%. CRITICAL CAP STRUCTURE: the 1% rate applies only up to $15,000 of annual spend across the accelerated categories combined. Once that $15,000 is reached, all further purchases. Including in the accelerated categories, drop to 0.5% until reset. The cap 'resets every 12 months from the statement period of the month of your Account Opening Date', i.e. It runs on the cardholder's own account anniversary, NOT on the calendar year. Note the top rate here is 1%, which is lower than the 3% grocery rate on BMO's student card and the 2% grocery rate on CIBC's student Dividend card.

The product page advertises 5% cash back on all purchases for the first 3 months on up to $2,000 in total purchases. The offer end date shown on the page is April 30, 2026. Which is roughly four months BEFORE today's date of August 18, 2026. The page is displaying a stale/expired promotion. Bonus_tier1_amount is left null because Scotiabank states the promo as a rate and a spend ceiling rather than a fixed dollar bonus. Do not publish this offer as live without re-verification.

No embedded insurance amounts are published on the product page. The only insurance shown is Scotia Credit Card Protection, an optional paid product with Basic and Comprehensive bundles. No travel coverage. INCOME INVERSION: no minimum income is published. The $12,000 figure appears only under 'this card might not be right if you: Have a steady income of more than $12000/year', which is a ceiling-style positioning statement, not a floor. Min_personal_income is NOT PUBLISHED. STALE OFFER: the 5% welcome promo displayed on the page carries an end date of April 30, 2026, already past as of August 18, 2026. Treat the welcome offer as unverified/expired. The $15,000 cap is shared across ALL accelerated categories combined, and once hit, spending drops to 0.5% on everything including the bonus categories. It resets on the account-opening anniversary month, not January 1. So a student who opens in September resets in September. The top rate is only 1%. This card is branded 'Momentum' like Scotiabank's 4% cash back cards but pays a quarter of that; the name suggests a much richer product than it is. Purchase APR is 20.99%. One point lower than the Scene+ student card at 21.99%, so the two Scotiabank student Visas are not interchangeable on rate. International students cannot apply online; in-person appointment required.