Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)1.
Scotia Momentum for Business VISA Credit Card
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)1.
- 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $49)◊
- All other purchases earn 1% cash back.
- Longer interest-free grace period of 25 days3
$29 for each additional supplementary card
19.99% on purchases
22.99% on cash advances, balance transfers and Scotia® Credit Card Cheques
minimum; up to $100,000 unsecured
With Visa SavingsEdge* receive discounts on your business purchases.
Spending on your ScotiaLine for business Visa account is consolidated into one monthly statement. Transactions made by additional Supplementary Cardholders are easily identified on your statement.
Make the most of your card. Consolidate all your recurring payments on your card and turn them into cash back rewards!
Add Supplementary cards for your employees6. One account, multiple cards. Added benefits!
Tap your Scotia Momentum for business Visa card for quick easy payments.
Coverage is provided for eligible persons under age 64 for up to 8 consecutive days and for eligible persons age 64 and under for up to 3 consecutive days.
Coverage is provided for eligible persons under age 65 for up to 8 consecutive days and for eligible persons age 65 and older for up to 3 consecutive days.
Charge the full cost of your eligible rental car to your card and you’re automatically insured if your rental is damaged or stolen.
Most items purchased with your card are insured against theft, loss or damage for 90 days from the purchase date and the manufacturer’s warranty is doubled for up to one year.
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The introductory 0.99% interest rate applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below (the “Offer”). This rate applies when the new Scotiabank credit card account (“Account”) is opened by March 31, 2019 and will continue for 6 months from Account opening date (the “Promotional Period”). This Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 0.99% interest rate on any promotional balance transfers (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%). 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 24.99% on purchases and 27.99% on Cash Advances). 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.
Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer.
The current annual fee is $49 for the primary card and $29 for each additional supplementary card.
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 subject to change. Offers may change, be extended and cannot be combined with any other offers
You will earn 10% cash back (the “Offer”) on the first $2000 posted to your new Scotia Momentum® for business Visa* credit card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back value of $200, whichever comes first (the “Offer End Date”). After the Offer End Date, you will earn regular cash back on purchases at the regular cash back rate described in the Scotia Momentum® for business Visa* Cash Back Program (the “Program”) that applies to the Account (the “Cash Back Program Rate”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program); and (ii) a “Bonus Cash Back Rate”.
Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
- Bonus Cash Back Rate: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 2- 3 months after the Offer End Date; and
- Regular Cash Back Rate: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under your Program (November).
EXAMPLE: If the regular Cash Back Program Rate for the Gas Stations category is 3% then the Cash Back Bonus Rate will be 7% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category until the Offer End Date. If you make $2000 in eligible everyday purchases in the Gas Stations category, your cash back earnings will be credited to your Account as follows:
First, the Cash Back Bonus Rate of 7% x $2000 = $140 will be credited to your Account within 2-3 months of the Offer End Date.
Secondly, the Cash Back Program Rate of 3% x $2000 = $60 will be credited to your Account as per the regular cash back payment schedule (November).
All other terms of the Scotia Momentum® for business Visa* Cash Back Program Terms and Conditions apply. Offer applies to a new Account only opened by March 31, 2019. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are not eligible for this Offer. All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.
A fee of 0% of the amount of each Cash Advance transferred during the Promotional Period applies to this Offer.
Not including cash advances, balance transfers and Scotia Credit Card cheques. Provided that you pay your balance in full by the payment due date.
For current rates and information on fees and interest cost, call 1-888-882-8958. Interest rates, annual fees and features are subject to change without notice.
Visa SavingsEdge is an automated discount program offered by Visa Canada Corporation ('Visa Canada') to eligible businesses and their authorized cardholders that hold an eligible Visa Business card and whose enrollment in the program is accepted by Visa. Under the program, cardholders can receive discounts from participating merchants each time the cardholder uses an enrolled Visa Business card to make qualifying purchases of goods or services pursuant to an active discount offered by the merchant and that transaction is processed or submitted through the Visa payment system. Discounts provided will appear as credits on future credit card statements 8-10 weeks after purchase date. Visa Canada, not Scotiabank, is responsible for the Program. For details, visit www.visasavingsedge.ca. The following Scotiabank VISA Business cards are eligible for this program: Scotia Momentum for business Visa* card, Scotia Gold Passport for business Visa* card, ScotiaLine for business Visa* Card and Scotiabank Visa* Business Card.
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.
Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC) and/or American Bankers Life Assurance Company of Florida (ABLAC). Travel Emergency Medical Insurance is underwritten by ABLAC, except for travel in Cuba which is underwritten by Zurich Insurance Company Ltd. The Bank of Nova Scotia is not an insurer. All claims for insurance indemnities must be forwarded to the respective insurers. Details of the coverage, including definitions, benefits, limitations, and exclusions are in the Certificate of Insurance provided with the card. Read the Certificate of Insurance then keep it in a safe place with your other valuable documents, and take it with you when you travel.
Scotia Business Loan Protection is a Group Policy underwritten by The Canada Life Assurance Company. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment. If you are approved for coverage you may take up to thirty (30) days to review the details of the coverage. If you cancel within thirty (30) days of your coverage effective date any premium paid will be refunded. For more information simply call 1-855-753-4272 between 8:00 am and 8:00pm ET and one of our Insurance Customer Service Representatives will be pleased to assist you.
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