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Mr. Loonie
Scotia Momentum for business Visa

Scotia Momentum for business Visa

7.6
Good
Expert Score · 2 reviews How we score

Best for: Business owners who want cash back on gas, dining and professional services

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Every year
$1,329

Ranked #14 of 27 business cards for year one. See the list

See how we worked it out
Balance transfers
2.99% for 6 months
No balance transfer fee fee, then 22.99%
Annual fee
$79 a year
Apply now on Scotiabank’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Scotiabank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Do you spend $250 or more a month on gas, restaurants and recurring bills?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 3% back on gas, restaurants, recurring bills and office supplies
  • Good: 2.99% on moved balances for 6 months

Watch for

  • Watch for: $79 a year You need about $250 a month on gas, restaurants and recurring bills to earn it back.
  • Watch for: 22.99% after the 6 months Whatever you haven’t paid off by then is charged the regular rate.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With small team spending of $6,000 a month.

  • Office supplies $90
    3% back $250 a month · $90 a year
  • Shipping $48
    2% back $200 a month · $48 a year
  • Phone and internet $108
    1% back $300 a month · $108 a year
  • Software $144
    3% back $400 a month · $144 a year
  • Online ads $72
    1% back $600 a month · $72 a year
  • Gas $180
    3% back $500 a month · $180 a year
  • Restaurants $144
    3% back $400 a month · $144 a year
  • Travel $48
    1% back $400 a month · $48 a year
  • Everything else $318
    1% back $2,650 a month · $318 a year
  • Foreign currency $36
    1% back $300 a month · $36 a year
For you Year one Later years
Cash back you earn $1,188 $1,188
Annual fee −$79 −$79
Foreign currency fee2.5% on $3,600 a year −$90 −$90
Travel medical insurance2 trips at $50 $100 $100
Rental car damage cover2 rentals of 3 days at $35 a day $210 $210
Total $1,329 $1,329

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Gas
3% back Up to $40,000 in spending per year (shared with other categories). Then 1% back.. Including electric vehicle charging
Restaurants
3% back Up to $40,000 in spending per year (shared with other categories). Then 1% back..
Recurring bills
3% back Up to $40,000 in spending per year (shared with other categories). Then 1% back.. On eligible recurring bill payments
Office supplies
3% back Up to $40,000 in spending per year (shared with other categories). Then 1% back.. office supply stores (MCC 5111, 5943)
Software
3% back Up to $40,000 in spending per year (shared with other categories). Then 1% back.. subscriptions billed automatically, counted as recurring bill payments
Shipping
2% back Up to $40,000 in spending per year (shared with other categories). Then 1% back.. courier and shipping (MCC 4214, 4215)
Everything else (base rate)
1% back

2% cash back on eligible shipping and accounting or bookkeeping services

3% cash back on office supply store purchases

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 10, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.6
Good
Expert Score How we score
  • My Rate Compass (opens in a new tab) Aug 2020
    8

    “The Scotiabank Momentum Business Visa helps business owners organize and track expenses with ease while rewarding them for everyday purchases. With up to 3% cash back and an introductory low balance transfer rate, this business credit card is ideal for startups with pre-existing debt and business owners looking to expand.”

  • creditcardGenius (opens in a new tab) Jul 2018

    “It comes with 4 different types of insurance, giving you and your business extra security when making purchases for your business or while traveling. To top it off, the Scotia Momentum for Business Visa Card will give new cardholders an introductory balance transfer rate of 0.99% for 6 months. So if your business is carrying around any pre-existing credit card debt, you can save big time on interest for those 6 months.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel medical $1,000,000 per person
  • Visa SavingsEdge
  • Scotia SelectPay
  • Save up to 25% off base rates atparticipating AVIS locations and atparticipating Budget locations inCanada and the U.S.
  • Travel Emergency Medical Insurance
  • Get up to 8¢/L in value on fuel purchases at Shell stations
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Scotiabank’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
$79 a year
Purchase interest
20.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$29
Cash advance fee
1%, Minimum of $5
Balance transfer fee
1%, Minimum of $5
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Intro rate: balance transfers
2.99% for 6 months, fee no balance transfer fee
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With small team spending. This card: $1,329 year one, $1,329 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Scotia Momentum for business Visa?

$79 a year. Each extra card costs $29.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.99%.

Does it have a balance transfer offer?

Yes, 2.99% for 6 months. The transfer fee is no balance transfer fee. After that, the rate is 22.99%.

Does it include insurance?

It lists extended warranty, purchase protection and travel emergency medical insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$1,329
a year for you
Apply now on Scotiabank’s site (opens in a new tab)
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