Scotia Momentum Visa Card

2% cash back on eligible purchases at grocery stores, gas stations, EV charging, transit, rideshare, food delivery, drugstores and on recurring bill payments; 1% on all other eligible purchases. The 2% rate applies only up to $25,000 of annual spend in those accelerated categories; beyond that, purchases earn the 1% base rate. The annual spend limit 'resets every 12 months from the statement period of the month of your Account Opening Date'. The cardholder's own account anniversary, not the calendar year. Dining and entertainment are NOT accelerated categories on this card despite food delivery being included.

There is NO cash-back welcome bonus on this card. The only current offer is a 0.99% introductory interest rate on balance transfers for the first 9 months, with a 2% balance transfer fee, available on accounts opened between July 2, 2026 and January 3, 2027. All bonus_* fields are null because no sign-up reward is published. This is a genuine absence, not missing data.

Purchase Security and Extended Warranty Protection are included (90-day purchase security window). Specific coverage dollar amounts are NOT PUBLISHED. Scotia Credit Card Protection is an optional paid add-on. No travel insurance. THIS IS A FEE-CHARGING STUDENT CARD: $49 per year for the primary card plus $15 per year for each supplementary card, with NO first-year waiver published. It is the most expensive student card in the Canadian market and the fee is not offset by any welcome bonus. Break-even matters: at 2% on accelerated categories versus the free Scotia Momentum No-Fee student card's 1%, a student needs roughly $4,900 of annual accelerated-category spend just to recover the $49 fee. Most students will do better on the no-fee version. INCOME INVERSION: no minimum income is published. The $12,000 figure appears only under the 'might not be right for you' framing about having income of MORE than $12,000. Min_personal_income is NOT PUBLISHED. No welcome bonus at all. The 'offer' is only a 0.99% balance transfer promo with a 2% transfer fee, which is a debt-consolidation feature aimed at people already carrying balances, not a student reward. The 2% cap of $25,000 is shared across all accelerated categories and resets on the account-opening anniversary month, not January 1. Balance transfer promo rate of 0.99% reverts to 22.99% after 9 months, and the 2% transfer fee is charged up front.