Scotia Momentum^®  
Mastercard^®* Credit Card

Offer Description and Conditions: The Introductory 7.99% Interest Rate applies only to eligible purchases subject to the conditions below (the “Offer”). This introductory rate applies when the new Scotia Momentum Mastercard credit card account (“Account”) is opened by November 21, 2021 and will continue for 6 months from date of Account opening (the “Promotional Period”). After the Promotional Period, purchase balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases (currently 20.99%). If you don’t pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, 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 25.99% on purchases and 27.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions)). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges.  Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.

Payment Allocation: 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.

Rates and Fees: There is currently no annual fee for the primary card and no fee for each additional supplementary card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change.

You will earn 1% cash back on net purchases made with your eligible Scotia Momentum Mastercard credit card at gas stations, grocery stores and drug stores as classified by Mastercard (Merchant Codes: 5411, 5541, 5542 & 5912). Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by Mastercard in another manner, in which case this added benefit would not apply. Recurring payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Card. Recurring payments are typically telecommunication, insurance, membership, subscriptions, etc. Not all merchants offer recurring payments. (Please check with your merchant to see if they offer recurring payments on Mastercard cards.) You will earn 0.5% cash back on all other eligible purchases made with your Scotia Momentum Mastercard credit card. Cash Advances (including Balance Transfers, Scotia Credit Card Cheques or Cash-Like Transactions), returns, refunds or other similar credits, fees, interest charges or service/transaction charges do not qualify for cash back. See your Scotia Momentum Mastercard Cash Back Program Terms and Conditions for full details.

For current rates and information on fees and interest cost, call 1-800-263-9495. Interest rates, annual fees and features are effective as of September 5, 2017 and are subject to change. Learn more about credit card fees and interest rates.

If you're a Mastercard credit card cardholder, you'll receive the benefit of Zero Liability in the event of the unauthorized use of your Canadian-issued Mastercard card.

The Primary Cardholder on the Scotia Momentum Mastercard Credit Card Account is responsible for all charges to the Account including those made by the additional Authorized User (Supplementary Cardholder).

As reported in the Mastercard 2016 annual report. Subject to change.

Monthly Benefit features (minimum monthly payments) Dismemberment, Hospitalization (12months all of Canada – except Quebec 24 months), Disability, Unemployment & Leave of Absence (not applicable in Quebec) Account Balance features (covers the balance up to $10,000) Life up to age 70 (you and your spouse) after age 70 – Accidental Death Only Cancer.

Account Balance Protector is a group insurance policy underwritten by Canadian Premier Life Insurance Company. All coverage is subject to terms and conditions including limitations and exclusions which are outlined in the Certificate of Insurance which you will receive upon enrolment.

Registered Trademark of The Bank of Nova Scotia.

Mastercard, Priceless Cities and Tap & Go are registered trademarks, and the circles design and Mastercard Global Services are trademarks of Mastercard International Incorporated and used under license by The Bank of Nova Scotia.

Registered trademark of Price Costco International, Inc. used under license.

The Scotiabank StartRight Program created for Canadian Landed Immigrants from 0-3 years in Canada, International Students and Foreign Workers.