Overview of the Scotia Momentum® for business Visa* Card

Scotia Momentum® for business Visa* Card

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Earning categories

On eligible recurring bill payments, eligible gas station, office supply store purchases, restaurants (including fast food & drinks)

On all other everyday purchases for your business

Scotia Momentum® for business Visa* Card details

Annual fee: $79
Reward: Earn 3% on eligible recurring bill payments, eligible gas station, office supply store purchases, restaurants (including fast food & drinks), 1% on all other everyday purchases for your business
Average point value: $1
Balance transfer offer: 2.99% per month for the first 6 months
Purchase interest rate: 19.99%
Cash advance interest rate: 22.99%
Balance transfer interest rate: 22.99%
Minimum income: Any amount
Household income: Any amount
Network: VISA
Provider: Scotiabank
Card type: Cash back

Detailed card summary

Benefits & features

2.99% introductory interest rate on Balance transfers for the first 6 months (22.99% after that; annual fee $79).
3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments and 1% cash back on all other everyday purchases for your business
25-day interest-free grace period on new purchases
Suite of comprehensive insurances
Visa Spend Clarity for Business
- Manage Visa Business card expenses more efficiently with Visa Spend Clarity for Business, a web-based tool that allows you to track expenses and helps you stay on budget.
Your card comes with benefits
Save when you shop
- With Visa SavingsEdge* receive discounts on your business purchases.
Organize and track business expenses
- Spending on your Scotia Momentum for business Visa card is consolidated into one monthly statement. Transactions made by additional Supplementary Cardholders are easily identified on your statement.
Cash flow
- Make the most of your card. Consolidate all your recurring payments on your card and turn them into cash back rewards!
Get supplementary cards
- Add Supplementary cards for your employees. One account, multiple cards. Added benefits!
Save time at the checkout
- Tap your Scotia Momentum for business Visa* card for quick easy payments.
Manage Visa Business card expenses more efficiently
- Manage Visa Business card expenses more efficiently with Visa Spend Clarity for Business†, a web-based tool that allows you to track expenses and helps you stay on budget.
Get a supplementary Card
- Add Supplementary cards for your employees. One account, multiple cards. Added benefits!
Scotia SelectPay^TM
- Enjoy the flexibility of buying now and paying little by little.
- Turn eligible credit card purchases of $100 or more into monthly installment payments over a fixed period of time with Scotia SelectPay.
Rates, fees, offers and other information are effective as of November 1, 2024. Subject to change.

How to redeem

How to get approved

Legal

Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum for business Visa credit card accounts (“Accounts”) that are opened by October 31, 2025 , subject to the conditions below
The Offer applies only to eligible cash advances (including balance transfers and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. The introductory rate applies if the new Account is opened by October 31, 2025, and will continue for 6 months from date of Account opening (the “Promotional Period”).
After the Promotional Period, the promotional 2.99% interest rate on any Cash Advances (including any amount of those Cash Advances that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%). There is no balance transfer fee applicable to Cash Advances made during the Promotional Period.
This Offer is subject to any available limit for Cash Advances on your Account. This Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account. Offer may be changed, cancelled, or extended at any time without notice and cannot be combined with any other offers.
Losing your promotional rate: If we don’t receive the minimum payment on your Account by the payment due date on your statement, two consecutive times, you will lose the benefit of this promotional Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).
How we apply payments: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank small business credit card in the past 2 years, including those that switch from an existing Scotiabank small business credit card, as well as employees of Scotiabank, are not eligible for Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer.
Rates and Fees: The current annual fee is $79 for the primary card and $29 for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on Cash Advances.

All rates, fees, features, and benefits are outlined in the Welcome Kit you will receive if approved and are subject to change.