Scotia Momentum® for business Visa* Card

Offer Description and Conditions: The 5% Cash Back and Introductory 2.99% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum® for business Visa* Card accounts (“Accounts”) that are opened, and any additional cards on the Account issued, between May 1, 2026 and October 31, 2026 (regardless of the date you apply for the Account) subject to the conditions below. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.  

Offer Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank business credit card in the past 2 years, including those that switch from an existing Scotiabank business credit card, are not eligible for the Offer. Subject to the above exclusions, Scotiabank personal credit cardholders are also eligible for the Offer. By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.   

5% Cash Back Offer Description and Conditions: You will earn 5% cash back on the first $6,500 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers and cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum® for business VISA* Cash Back Program Terms and Conditions (the “Program Terms”). The 5% 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 Terms); and (ii) a “Cash Back Bonus Rate”. Cash back earned under this Offer will be credited to your Account in 2 installments so long as your Account is open and in good standing at time of payout of each: Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within approximately 7 months from the Account open date; and

1. Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the redemption terms as set out under the Program Terms.

The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.

EXAMPLE: If the Regular Cash Back Program Rate for shipping/accounting services category is 2% then the Cash Back Bonus Rate will be 3% for that category so that you will earn a total of 5% on the amount of all eligible everyday purchases in that category during the Promotional Period.

If you make $2,000 in eligible everyday purchases in the 2% Cash Back category, your cash back earnings will be credited to your Account as follows:

1. the Cash Back Bonus earnings of $60 (3% x $2,000) will be applied to your Account within approximately 7 months from the Account open date if you have met the Cash Back Bonus conditions and then available for redemption (min $25) as per the Program terms applicable to your Account, and 

2. the Regular Cash Back earnings of $40 (2% x $2,000), will be applied to your Account and available for redemption (min $25) as per the Program terms applicable to your Account.

All other terms and conditions of the Program Terms continue to apply during the Promotional Period.

Introductory 2.99% Balance Transfer Rate Offer Description and Conditions: The Introductory 2.99% Balance Transfer Rate Offer (the “BT Rate Offer”) applies only to eligible balance transfers, subject to the conditions below. This introductory rate applies for 6 months from date of Account opening (the “Promo Rate Period”). After the Promo Rate Period, the introductory 2.99% interest rate on any balance transfers made during the Promo Rate Period will increase to the preferred interest rate on cash advances (currently 22.99%). There is no balance transfer fee applicable to balance transfers made during the Promo Rate Period.  This BT Rate Offer is subject to the approved credit limit on your Account as of the date of this BT Rate Offer. This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this BT Rate Offer was provided to you, it may not be processed. This BT Rate 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.  All other terms and conditions of the Program Terms continue to apply during the Promo Rate Period.

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 BT 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).   

How we apply payments: Your payment cannot be applied to the balance(s) of your choice: 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. See your credit card agreement for more information about how we apply payments to your Account.

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: 20.99% 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. 

The primary borrower and/or co-borrower are liable for all charges incurred on the Scotiabank credit card account by 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.

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.

3% CASH BACK EARN RATE: You will earn 3% Cash Back on eligible purchases on your account at gas stations, electrical vehicle (EV) charging, restaurants, office supply stores, and on recurring bill payments. 3% Cash Back applies at merchants that are classified in the payment network associated with your account as: 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 Classification Codes (“MCC”): 5541, 5552 & 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 account. Recurring payments typically include telecommunication, insurance, memberships, and subscription-based purchases. Not all merchants offer recurring payments. Please contact your merchant to confirm whether they offer recurring credit card payments. 

2% CASH BACK EARN RATE: You will earn 2% Cash Back on eligible purchases on your account for shipping and accounting or bookkeeping services. 2% Cash Back applies at merchants which are classified in the payment network as shipping (MCC: 4214 and 4215) and accounting or bookkeeping services (MCC 8931).

ANNUAL SPEND LIMIT ON 3% AND 2% EARN RATE CATEGORIES (the “Accelerated Earn Rates”): The combined Cash Back that can be earned on eligible purchases under the 3% and 2% earn rate categories (the Accelerated Earn Rates) will be capped at $40,000 in purchases annually. See “ANNUAL SPEND LIMITS” for more information. 

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 combined annual spend limit of $40,000 on the 3% and 2% earn categories (the “Overflow”) and on all other eligible Purchases made with the Account. ANNUAL SPEND LIMITS: There are annual limits on the Cash Back you can earn at Accelerated Earn Rates, as outlined in these Cash Back Program Terms (scotiabank.com/ terms/momentumbusiness). These limits are based on purchases posted to your account annually, calculated from the first day of the statement period of the month your account was opened (“Account opening date”). The annual spend limit resets every 12 months from the statement period of the month of your Account opening date. Once you reach the annual spend limit for any Accelerated Earn Rate(s), you will continue to earn Cash Back at the Regular Earn Rate.

Under all insurance coverages or services, certain limitations, restrictions and exclusions apply, including a pre-existing condition exclusion for certain benefits. Please see the Certificate of Insurance for full coverage details. Coverages are underwritten by The Manufacturers Life Insurance Company and its wholly owned subsidiary First North American Insurance Company. The Bank of Nova Scotia is not an insurer. All insurance claims must be forwarded to the insurance providers.

Cardholders with a Scene+ membership who link their Scotia Momentum for business Visa card and their Scene+ account to a Shell Go+ Account can get up to 8 cents per litre in instant fuel discounts, Cash Back, and Scene+ Points Value when they purchase eligible fuel with their linked credit card: 

• Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions. 

• Earn 3 cents per Litre in Cash Back: When you use your Scotia Momentum for business Visa card on Fuel Purchases (All Grades) you will earn 3% Cash Back on eligible Net Purchases  (up to an annual spend limit of $40,000 on the combined 2% and 3% earn categories) at Gas Stations (Merchant Category Codes  (“MCC”): 5541, 5542). Assumes an average fuel price of at least $1.00/L. “Net Purchases” means eligible new purchases charged and posted on the Account during a statement period less, returns (including credit vouchers), refunds or other credits. Balance Transfers, Cash Advances, Cash-Like Transactions, interest charges, fees, and insurance premiums posted to your Credit Card Account are not eligible to earn Cash Back. This benefit is subject to the Scotia Momentum for business Visa card Cash Back Program Terms and Conditions. 

• Scene+ Members earn up to 2 cents per Litre in Scene+ Points Value: Scene+ Members earn 1 Scene+ point for each litre in Fuel Purchases (All Grades) when they present or make available their Scene+ account number or Scene+ membership card at the time of purchase. Plus, Scene+ Members who link their Scene+ account to the Shell Go+ app will automatically earn 1 Scene+ point for each litre of V-Power®* gasoline or V-Power®* diesel purchased (“Premium Fuel Purchases”). Scene+ Points Value is based on an average redemption value of $10 for every 1000 Scene+ points redeemed on fuel purchases. Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms. 

Note: Highest value of 8 cents per litre assumes a Premium Fuel Purchase (minimum price of $1.00 per litre) made with your Scotia Momentum for business Visa card linked to a Shell Go+ Account and with your Scene+ account also linked to the Shell Go+ account. Actual value will vary depending on whether or not the credit card is linked, fuel grade purchased, cost of fuel at time of purchase, whether or not you are a Scene+ member, and how you choose to redeem your Scene+ points. 

Account must be open and in good standing to earn and redeem Cash Back. You must have earned a minimum of $25 Cash Back to be able to redeem. Only primary cardholders can redeem. Supplementary cardholders are not eligible to redeem Cash Back. Cash Back will be credited to the primary cardholder’s account within 3- 5 days from the day the redemption request is made. Cash Back will be displayed and available for redemption (after monthly calculation) and posted in the next statement cycle after such calculation has been completed by us. Cash Back will continue to accrue until redemption is made. There is no limit to Cash Back that can be earned. For complete details on how to redeem Cash Back, please see the “Cash Back Program Terms and Conditions” at Scotiabank.com/terms/momentumbusiness.

The Visa Spend Clarity for Business service is provided by Visa Canada. The Bank of Nova Scotia and its affiliates are not responsible for the Visa Spend Clarity for Business service.

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 enrolment 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 within approximately 60 days after purchase date. Visa Canada, not Scotiabank, is responsible for the Program. For details, visit www.visasavingsedge.ca. The following Scotiabank VISA Business credit cards are eligible for this program: Scotiabank Passport® Visa Infinite Business Card, Scotia Momentum® for business Visa* card, Scotia Gold® Passport for business Visa* card,  ScotiaLine for business Visa* Card or any such additional Scotiabank Visa Business credit card that we may issue from time to time.

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

The savings of up to 25% applies to Avis 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 Business Loan Protection is underwritten by The Canada Life Assurance Company: Tel: 1-800-387-2671,  www.canadalife.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 enrollment.