Scotia Momentum® Visa* Card

All rates, fees, features and benefits including Cash Back program are subject to change.

2% CASH BACK EARN RATE:  You will earn 2% Cash Back on eligible Purchases on your Account at Grocery, Gas Stations, Electric Vehicle (EV) Charging Stations, Transit, Rideshare, Food Delivery, Drugstores and Pharmacies, and on Recurring Bill Payments.

 

2% cash back applies at merchants which are classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets, Drug Stores & Pharmacies, Service Stations (with or without ancillary services), Automated Fuel Dispensers, EV charging stations, Transit, Rideshare, Recurring Bill Payments and Food Delivery (includes transactions made via eligible food delivery services selected by Scotiabank which is subject to change.)(Merchant Category Codes (“MCC”): 5411, 5541, 5542, 5552, 5912, 4111, 4112, 4121, 4131, 4789).

Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Account.  Recurring Bill Payments typically include telecommunication, insurance, membership, subscriptions purchases. Not all merchants offer recurring payments. (Please check with your merchant to see if they offer recurring payments on credit cards.)  

 

Annual Spend Limit on 2% Earn Rate Categories (the “Accelerated Earn Rates”):  The cashback that can be earned on eligible purchases under the 2% earn rate categories (the Accelerated Earn Rates) will be capped at $25,000 in spend annually. See 'Annual Spend Limits' in the 'Cash Back Program Terms and Conditions' for more information at scotiabank.com/terms/momentum.

 

1% CASH BACK EARN RATE (the “Regular Earn Rate”): You will earn 1% Cash Back on eligible Purchases made on your Account after you have reached the annual spend limit of $25,000 on the 2% earn categories (the “Overflow”) and on all other eligible Purchases made with the Account.   

 

Cash Advances including balance transfers and cash-like transactions fees, interest, returns, refunds or other similar credits do not qualify for Scotia Momentum® Cash Back.

 

All merchant category codes /merchant codes (“MCC”) are subject to change by the payment network associated with your Account (the “payment network”) or how they are classified by the payment network and/or the merchant. We do not monitor MCCs assigned by the payment networks or how merchants categorize themselves and their transactions. MCCs may be changed by the payment networks or the merchants at any time. Some merchants may sell their products/services or are separate merchants located on the premises of other merchants. These merchants might be classified differently by the payment network in another manner, in which case, they may not qualify for Cash Back (including if you have an Accelerated Earn Rate that applies to your Account for certain Purchases).

Your Account must be open and in Good Standing to earn and redeem Cash Back (including at the time of any Cash Back redemption request).

 

A minimum of at least $25.00 in Cash Back must be redeemed each time you request a redemption using the Cash Back Anytime redemption feature.  Only the Primary Borrower or a Co-Borrower on an Account can ask for a Cash Back anytime redemption (not a supplementary Cardholder).  If the Primary Borrower or Co-Borrower does not have an Eligible Bank Account, Cash Back will be credited to the Account. Cash Back can be redeemed through the Scotia app (mobile) or Scotia Online, once the Cash Back balance is posted/ made available (unless we permit you to redeem through another means).

 

For complete details on how to redeem Cash Back, please see the “Cash Back Program Terms and Conditions” at scotiabank.com/terms/momentum.

The savings of up to 25% applies to Avis and Budget base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. The Bank of Nova Scotia is not responsible for, and provides no representations, warranties or conditions regarding this offer or any Avis or Budget products or services.

Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpay to learn more

Under all insurance coverages or services, certain limitations, restrictions, and exclusions apply, including a pre-existing condition exclusion for certain benefits. The enclosed Insurance Certificates included with your Welcome Kit contain full details of all coverages including definitions, benefits, limitations, and exclusions and Terms and Conditions. Read the Certificates of Insurance and Terms and Conditions and keep them in a safe place with your other valuable documents. Underwritten by The Manufacturers Life Insurance Company (Manulife). Some portions may be underwritten by First North American Insurance Company (FNAIC), a wholly owned subsidiary of Manulife. Manulife, Manulife & Stylized M Design, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license. © 2025 The Manufacturers Life Insurance Company. All rights reserved. Manulife, P.O. Box 670, Stn Waterloo, Waterloo, ON N2J 4B8. The Bank of Nova Scotia is not an insurer. All claims for insurance indemnities must be forwarded to the insurers.

Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada: Tel: 1-800-387-7199, Option 3, or www.chubb.com under a Group Policy issued to the Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.

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Visa Int. / Licensed User.