The Scotia Momentum card is a no-nonsense cashback credit card that has 0 annual fees and offers cashback on your regular gas, grocery and drugstore purchases. It is used extensively in households in Canada and is ideal for those who don’t want to pay hefty annual fees and enjoy the perks and rewards of a decent credit card.

Let’s review the card.

Benefits

One of the major benefits of getting this cashback card is that you don’t need to pay any annual fee. It is ideal for those who don’t want to spend a good chunk of money on paying annual fees. The card also offers a 0% transfer rate six months after you get your card as a promotion. The rate jumps to 22.99% after the promotion ends.

As mentioned, you can earn up to 1% cash back on eligible gas, grocery and drug store spending. The card has partnered with AVIS and Budget to offer customers exciting discounts.

Downsides

The card does have its downsides and is by no means the perfect credit card for everyone. First, you only earn 0.5% to 1% cash back on purchases. There are many cards available in Canada that offer no annual fees and offer a better cashback rate. Another major downside of getting the card is that it offers no insurance.

There are several other no-annual-fee cards available for people in Canada that have at least an extended warranty and purchase protection coverage. This should be a major consideration when opting for this cashback credit card.

Should You Get the Card?

This brings us to the question of whether you should get the card or not. The card is perfect for those who want a low-maintenance cashback credit card with minimal charges and no annual fee.

The application process is relatively straightforward, and you can qualify for this cashback rewards card without needing an amazing credit score. You need to show about $12,000 in annual personal income to qualify for the process. This cashback card is also easy to use, and the fact it is offered by one of Canada’s big five banks makes it highly desirable.

Where Can You Get the Card?

Are you planning to get your hands on the Scotia Momentum No-Fee Visa credit card? Head to the Great Canadian Rebates, where you’ll find comprehensive information on the top cashback credit cards in Canada. Our platform lets you compare various credit cards in Canada and helps you select the one that fits the bill! You can earn a $55 rebate if you apply through our platform. You can also check out the other Scotia bank card, the ever-popular Scotia Momentum Visa Infinite card. Visit our website for more information.