1You will earn 3% cash back on the first $50,000 you spend annually at gas
stations, restaurants, office supply stores, and on recurring bill payments. 3% cash back
applies at merchants which are classified in the Visa Inc. (VISA) network Service Stations
(with or without ancillary services) and Automated Fuel Dispensers; Restaurants, Fast Food
Restaurants and Bars; Stationery and Office Supply Stores; and Recurring Payments
(Merchant Codes: 5541 & 5542; 5812, 5813 & 5814; and 5111 & 5943). Recurring payments
are defined as payments made on a monthly or regular basis automatically billed by the merchant
to your Scotia Momentum for business VISA card. Recurring payments are typically telecommunication,
insurance, membership, subscriptions etc. purchases. Not all merchants offer recurring payments.
(Please check with your merchant to see if they offer recurring payments on VISA cards.) Some merchants
may sell these products/services or are separate merchants who are located on the premises of
these merchants, but are classified by VISA in another manner, in which case this added benefit
would not apply.
You will earn 1% cash back on purchases made after you have reached the 3% $50,000
annual spend maximum and on all other eligible purchases made with the card.
Cash back is not awarded for cash advances, Scotia® Credit Card Cheques,
credit vouchers, payments, purchase returns, card fees, interest charges
or service / transaction charges.
2For all insurance coverages, certain limitations, restrictions and exclusions apply.
You will receive Certificates of Insurance, which contain a full description of coverage,
when you're approved for the card. Please read them carefully. All claims for insurance
indemnities must be forwarded to the insurers. The Bank of Nova Scotia is not the insurer.
3Not including cash advances, balance transfers and Scotia Credit Card
cheques. Provided that you pay your balance in full by the payment due date.
4Annual fee of $49 for the first card and an annual fee of $29 for each additional
card to be charged when the card is issued, regardless of card activation and will be
billed to your first statement and once a year thereafter. Interest rate: 19.99% on
purchases and 21.99% on cash advances, balance transfers and Scotia VISA Cheques.
Rates and fees are as of March 22, 2013 and are subject to change without notice.
5The estimated increase in average monthly cash balance is calculated based on the total monthly
purchases entered in this calculator. The calculation is based on the following assumptions:
- The cardholder takes advantage of the longer payment terms created by the 25 day interest-free
grace period offered on the Scotia Momentum for business VISA card compared to the 21 day
interest-free grace period offered on most other Small Business credit cards.
- The full payment is made on the due date.
- A 30 day month, with incremental cash balances averaged across all days in the month.
The estimated increase in average monthly cash balance is calculated as follows: total
estimated monthly purchases on the credit card ÷ 30 × 4
* Visa Int./Lic. User The Bank of Nova Scotia
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