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Special offer for Scotiabank Agriculture/Agribusiness customers

Annual fee waived for the first year†

3% Earned on eligible purchases and on recurring bills, and 1% cash back on all other eligible purchases.1

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Scotia Momentum VISA Card for business Image

Scotia Momentum® for business cash back VISA*

  • Cash back on everyday business purchases
    • 3% cash back on eligible gas station, restaurant and office supply store purchases and on recurring bill payments1
    • 1% cash back on all other eligible purchases1
  • Extended Interest-Free Grace Period Interest-free grace period of at least 25 days on purchases2
  • Credit Limit $500 up to $50,000
  • Travel Emergency Medical Insurance Includes travel emergency medical (up to 8 days)3

At a Glance

3%

Earned on eligible purchases and on recurring bills1

25

day interest-free grace period on purchases2

See how much you will save Cash Back Calculator

Cash Back Benefits

Here's a smart way to manage your day-to-day business purchases:

3% Cash Back

On eligible gas station, restaurant or office supply store purchases1

Also earn 3% on recurring bill payments1, such as:

  • Phone
  • Utilities
  • Internet
  • Insurance

You can set up automatic payments by simply calling your service provider or finding them online at visa.ca/billpay.

1% cash back

On all other eligible purchases made with your card1.

Extended Interest-Free Grace Period

Reduce your interest charges and increases your average monthly cash balance with:

  • a minimum 25 days interest-free grace period on purchases2
  • four more interest free days before your payment is due

Get additional cards4 for employees to:

Travel Insurance and Business Protection

Valuable business benefits & protection3

  • Travel Emergency Medical Insurance
  • Rental Car Collision/Loss Damage Insurance
  • Purchase Security and Extended Warranty
  • Creditor Life Insurance for your business (Optional)

Travel Emergency Medical Insurance

  • As a Scotia Momentum for business VISA cardmember, you, your spouse and accompanying dependent children are each automatically covered for up to $1 million in emergency medical coverage if sudden and unexpected illness or accidental injury should occur while travelling outside your province or territory of residence in Canada.
  • Coverage is automatically provided for eligible persons under 65 years of age for up to 8 consecutive days and for eligible persons 65 years of age and older for up to 3 consecutive days.
  • Coverage includes eligible expenses for hospital care, nursing care, prescription drugs, licensed ambulances and physicians' and surgeons' fees, as well as other eligible medical services and supplies.
  • The date of departure is counted as the first day.
  • This benefit is subject to an exclusion for pre-existing medical conditions.
  • Certificate of Travel Emergency Medical Insurance (52 Kb)

Rental Car Collision/Loss Damage Insurance

  • When you charge the entire cost of car rental to your Scotia Momentum for business VISA card and decline the agency's collision damage waiver or loss damage waiver (or similar provision) at the time of rental, you'll be insured if your rental vehicle is damaged or stolen.
  • Certificate of Rental Car Collision Insurance (44 Kb)

Purchase Security and Extended Warranty

  • Most items purchased anywhere in the world are automatically insured against theft, loss or damage as long as the full cost of the item is charged to your Scotia Momentum for business VISA card.
  • Coverage extends for the first 90 days from the date of purchase and is in excess of any other insurance coverage.
  • When you use your Scotia Momentum for business VISA card to purchase most items and charge the full cost of the item to your card, extended warranty coverage doubles the original manufacturer's warranty for up to one year. Items covered by a manufacturer's warranty repair services of five years or more must be registered within the first year of purchase.
  • Certificate of Purchase Security Insurance (47 kb)

Creditor Life Insurance for your business (Optional)2

Protect the business you've worked so hard to build. With Creditor Life Insurance for your business, your Scotiabank business or investment credits can be covered up to a maximum coverage amount of $2,000,000 should you or a key contributor to your business pass away or become dismembered in an accident.

It's easy to apply: Simply visit any Scotiabank branch and apply. All applicants must answer a short health questionnaire.5

Special Discounts

VISA SavingsEdge®1

Turn business purchases into business savings with Visa SavingsEdge. It's free to join. Just enroll your eligible Scotiabank Visa Business card at www.visasavingsedge.ca. Then make qualifying† purchases with your enrolled card at participating merchants. Savings will appear as credits on your future account statements.

Rates & Fees

Minimum Credit Limit: $500
Maximum Credit Limit: $50,000

Interest-Free Grace Period: At least 25 days2

Annual Fee: $496
Additional Card Annual Fee: $296

Interest Rate:

  • 19.99% on purchases
  • 21.99% on cash advances, balance transfers and Scotia® Credit Card cheques

For current rates and information on fees and interest cost, call 1-888-882-8958.

Learn more about credit card fees and credit card interest rates.

Convenience & Account Access

Instant cash advances, worldwide

You can use your Scotia Momentum for business VISA card to get instant cash advances up to your available credit limit, at any of 465,000 offices of financial institutions worldwide displaying the VISA symbol.

Click, call or visit

We recognize how valuable your time is as a small business owner. You can access your Scotia Momentum for business VISA account information through Scotia OnLine® Financial Services and TeleScotia® Telephone Banking Services to:

  • Obtain account balances
  • Pay your Scotia Momentum for business VISA account
  • Transfer funds between credit and deposit accounts
  • Pay bills or post-date payments for over 6,000 bill payment companies

All you need is a ScotiaCard® set up with access to your Scotia Momentum for business VISA account. For more information or to register, just call 1 800 4SCOTIA or visit scotiabank.com.

Automated banking machines

You can also use your Scotia Momentum for business VISA card to obtain up to $2,000 per day through over 1 million designated Automatic Banking Machines (ABMs) worldwide. Cash advances can be obtained at any ABM displaying one or more of the following symbols: In Canada, look for the Interac** symbols; outside Canada, look for banking machines displaying the VISA or PLUS* symbols.

Visa payWave™* – The faster way to pay

Visa payWave is a convenient new payment feature included on Scotia Momentum for business VISA cards at no additional fee. You'll save time when paying for small, everyday business purchases. Simply wave your cardover a special card reader and go! No swiping, signing, or entering your PIN for most purchases at participating merchants.7

Ready to Apply

  • 1 You 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. Read More
  • 2 Not including cash advances, balance transfers and Scotia Credit Card cheques. Provided that you pay your balance in full by the payment due date.
  • 3 For 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.
  • 4 You are liable for all charges incurred on your account with any supplementary card issued in connection with the account. When you request Scotiabank to issue a supplementary card, we will also issue renewal and replacement cards for such supplementary card, unless the card is cancelled by you or Scotiabank. A Supplementary Cardholder's signature on or use or retention of the supplementary card issued in his or her name shall evidence your receipt of the agreements relating to the account and your acceptance of their terms.
  • 5 NOTICE OF THIRTY DAY RIGHT TO EXAMINE COVERAGE: Within thirty (30) days of your coverage effective date, you may cancel the coverage. At such time, any premium paid will be refunded through a credit to your Account. If you have any questions regarding the details of the coverage, please call Canada Life at 1 800 387-2671. Creditor Life Insurance for business is underwritten by The Canada Life Assurance Company.
  • 6 Annual 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.
  • 7 Merchants set their own limits for the maximum value of a Visa payWave transaction that does not require a signature or PIN.
  • ® Registered trademarks of The Bank of Nova Scotia.
  • ®1Registered trademarks of Visa/Licensed User.
  • * Visa Int./Lic. user The Bank of Nova Scotia.
  • ** The Bank of Nova Scotia is an authorized user of the mark.
  • ™* Trademark of Visa Int./Lic. User The Bank of Nova Scotia.
  • †The introductory annual fee waiver only applies to the initial annual fee for the primary and additional cards. The Scotia Momentum for business VISA card’s regular interest rate is 19.995 for purchases. For cash advances, balance transfers and Scotia Credit Card Cheques the interest rate is 21.99%. The regular annual fee is $49 per year for the first card issued on the account; additional cards are charged an annual fee of $29 per year per card when issued, regardless of card activation and will be billed to your first statement and once a year thereafter. Offer applies to new accounts opened by May 31, 2016. Rates and fees are as of September 1, 2014, and subject to changes without notice.

Take advantage of government matching funds. Open a Scotiabank AgriInvest Account today.

To find out more, speak with a Small Business Advisor near you.

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