Scotia Momentum Visa Card (for students)
Earn 5% cash back on all purchases for the first 3 months
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
N/A
✨Key Card Features
- food delivery and food subscription services
- and drugstore purchases 2% On gas
- electric vehicle charging
- and daily transit like buses
- taxis
- and rideshares 2% On eligible recurring bill payments like utilities and gym memberships 2% On eligible recurring subscription services like music and video streaming 1% On all other eligible purchases
🏆Rewards Program
Cash Back
Earn rewards on every purchase with the Cash Back program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Must meet issuer credit and income requirements
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want Cash Back rewards
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You want a no-annual-fee card
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +Generous welcome bonus: Earn 5% cash back on all purchases for the first 3 months
- +Cash Back rewards program
Cons
- −Limited premium benefits for the annual fee
🏆Our Verdict
The Scotia Momentum Visa Card (for students) offers a balanced mix of rewards and benefits for the $39 annual fee. The welcome bonus helps justify the first-year cost. Consider your spending habits to determine if this card aligns with your financial goals.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the Scotia Momentum Visa Card (for students)?
The Scotia Momentum Visa Card (for students) has an annual fee of $39. $49 / year.
What are the interest rates for the Scotia Momentum Visa Card (for students)?
The purchase interest rate is 19.99% and the cash advance rate is 22.99%.
Who can apply for the Scotia Momentum Visa Card (for students)?
The Scotia Momentum Visa Card (for students) is available to Canadian residents who meet the issuer's eligibility requirements.
What welcome bonus does the Scotia Momentum Visa Card (for students) offer?
N/A
Is the Scotia Momentum Visa Card (for students) worth it?
The Scotia Momentum Visa Card (for students) is worth considering if you can maximize its rewards. The welcome bonus of Earn 5% cash back on all purchases for the first 3 months adds significant value. The Cash Back program offers flexibility for redemptions.
