2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $79).1
Product details
- 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments and 1% cash back on all other everyday purchases for your business2
- 25-day interest-free grace period on new purchases3
- Suite of comprehensive insurances
Fees, rates & other information4
Annual fee
$79/year
Interest rates
19.99% / 22.99%
19.99% on purchases
22.99% on cash advances^
Minimum credit limit
$500
Up to $150,000 unsecured†
Each supplementary Card
$29/year
- Set individualized controls for employees for any and every aspect of business spend, and manage transactions from anywhere
- Drive efficiency and save time while making informed business decisions with reports and a customizable dashboard
- Add notes and photos of receipts in one convenient place with digital receipt capture
- Automatically export Visa card transactions to accounting software like Intuit QuickBooks, Sage Business Cloud and Xero
Visa Spend Clarity for Business
Powerful Spend Management
Manage Visa Business card expenses more efficiently with Visa Spend Clarity for Business, a web-based tool that allows you to track expenses and helps you stay on budget.
Your card comes with benefits
Save when you shop
With Visa SavingsEdge*5 receive discounts on your business purchases.
Organize and track business expenses
Spending on your Scotia Momentum for business Visa card is consolidated into one monthly statement. Transactions made by additional Supplementary Cardholders are easily identified on your statement.
Cash flow
Make the most of your card. Consolidate all your recurring payments on your card and turn them into cash back rewards!
Get supplementary cards
Add Supplementary cards for your employees6. One account, multiple cards. Added benefits!
Save time at the checkout
Tap your Scotia Momentum for business Visa* card for quick easy payments.
Get a supplementary Card
Add Supplementary cards for your employees. One account, multiple cards. Added benefits!
Manage your credit card
Welcome Kit Booklet: includes Card Disclosure Statement and Certificate of Insurance
Scotia Momentum® for business VISA* Cash Back Program Terms and Conditions
Manage your credit card
Lost or stolen credit cards
Visa Zero Liability Policy
Small Business Loan Protection
How can we help?
Apply online or in person
Apply online
Scotia Momentum® for business Visa* Card
By phone
Prefer to talk to us?
In Person
Talk to a Scotiabank advisor.
Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum for business Visa credit card accounts (“Accounts”) that are opened by October 31, 2024 subject to the conditions below. All other terms and conditions of the Program Terms continue to apply during the Offer period.
The Offer applies only to eligible cash advances (including balance transfers and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. The introductory rate applies if the new Account is opened by October 31, 2024 and will continue for 6 months from date of Account opening (the “Promotional Period”).
After the Promotional Period, the promotional 2.99% interest rate on any promotional Cash Advances (including any amount of those Cash Advances that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%). There is no balance transfer fee applicable to Cash Advances made during the Promotional Period.
This Offer is subject to any available limit for Cash Advances on your Account. This Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Losing your promotional rate: If we don’t receive the minimum payment on your Account by the payment due date on your statement, two consecutive times, 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 24.99% on purchases and 27.99% on Cash Advances).
How we apply payments: 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.
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank small business credit card in the past 2 years, including those that switch from an existing Scotiabank small business credit card, as well as employees of Scotiabank, are not eligible for Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer.
Rates and Fees: The current annual fee is $79 for the primary card and $29 for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on Cash Advances. All rates, fees, features and benefits are outlined in the Welcome Kit you will receive if approved and are subject to change.