Scotiabank
Scotia Momentum No-Fee Visa Card
Cash Back1.0¢ exact
$0 annual feeMin. income: $12,000Credit tier: Good
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The Scotia Momentum No-Fee Visa is the $0-fee cash-back sibling of the Momentum Visa Infinite, returning 1% on groceries, gas, drugstores, transit, recurring bills and streaming (up to $15,000/yr combined) and 0.5% on everything else. It trades the Infinite's higher rates and travel insurance for a permanently free fee.
Earn Rates
All purchases0.5x
💡 1% on groceries, gas, EV charging, transit, rideshare, food delivery, drugstores, recurring bills and eligible streaming/subscriptions — combined $15,000/yr cap, then 0.5%. In-restaurant dining and travel earn the 0.5% base rate. No annual fee.
Best For
No-fee everyday spenders who want simple 1% back on groceries, gas, drugstore, transit and recurring bills.
Strengths
- ✓No annual fee
- ✓1% on a broad set of everyday categories
- ✓No cap on the 0.5% base rate
- ✓Low-threshold flexible redemption
Weaknesses
- ×No insurance or purchase protection
- ×$15,000/yr cap on the 1% categories
- ×Dining and travel earn only 0.5%
- ×2.5% foreign transaction fee
Welcome Bonus
Smart Bonus Strategy — Earn 1,000 points
Spend $2,000 within 3 months
Minimum spend bonus
Spend $2,000 in 3 months
optimal stopcash back bonus+$100Min. spend earnings1,000 pts × 1.0¢+$10
Annual fee$0
Net first-year value+$110
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