Scotiabank
Enjoy up to 10% cash back for 3 months, no annual fee in year one, competitive rates and customizable options for every budget with Scotiabank cards.
Scotiabank offers a suite of Momentum cash back credit cards, designed to reward you every time you shop. With promotional offers like up to 10% cash back for the first three months on the Visa Infinite card and no annual fee in the first year, these cards are truly appealing. Regular interest rates start at 19.99% for purchases and 22.99% for cash advances, giving predictable terms for budgeting your expenses. Lower introductory rates are also available on select cards, like 2.99% for balance transfers.
The application process is simple and can be done fully online. First, choose the card that fits your lifestyle and spending habits. Have your personal and financial information ready, then complete the secure online application form. If you’re an existing Scotiabank online banking customer, you can apply even faster by signing in and starting your request instantly. Newcomers who have recently moved to Canada can visit a local branch to complete their application if needed.
Step-by-Step: How to Apply
1. Pick the cash back card that matches your needs for rewards, fees, and rates.
2. Visit Scotiabank’s official website.
3. Fill out the digital application with your personal and financial details.
4. Submit your application securely.
5. Wait for approval and receive your new card by mail.
Key Benefits
One standout benefit is the high cash back rate on everyday purchases during the promotional period, maximizing your rewards. Multiple cards also offer no annual fee in the first year, making it easier to try out the features and benefits with no upfront risk. There is a broad range of options from no-fee to premium cards, giving flexibility for different spenders and budgets.
Potential Drawbacks
Annual fees can apply after the first year on premium cash back cards, so it’s important to calculate your potential rewards versus any costs. Also, the highest cash back rates only apply for the initial promotional period, reverting to standard rates after three months. Interest rates are also typical of most credit cards, so carrying a balance can be costly if not managed wisely.
Final Verdict
Scotiabank Momentum cash back credit cards provide excellent value, especially during the first year, and the rewards program is among the best in Canada. With flexible options, simple application and strong promotions, they deserve consideration by anyone looking for a rewarding cash back program.
