Scotia Momentum® for Business Visa Credit Card
Fees
Earning Rates
- Earn 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments, on up to $50,000 in combined spend per year (then 1%).
- Earn 1% cash back on all other everyday purchases for your business.
Main Benefits
- 25-day interest-free grace period on new purchases, travel emergency medical insurance, rental car collision/loss damage insurance, purchase security, and warranty protection.
Card Details
Earning Rewards
The Scotia Momentum for Business Visa earns cash back at the following rates:
- 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments, on up to $50,000 in combined spend per year (then 1%).
- 1% cash back on all other everyday purchases for your business.
Perks & Benefits
Here are the main benefits of the Scotia Momentum for Business Visa Card:
- Visa SavingsEdge: Enroll your card with SavingsEdge to receive discounts on qualifying business purchases at participating stores.
- Travel & Purchase Insurance: Travel Emergency Medical Insurance, Rental Car Collision/Loss Damage Insurance, Purchase Security, and Extended Warranty Protection.
Card Fees
Annual Fee
The Scotia Momentum for Business Visa has a $79 annual fee.
Authorized User Fee
Adding additional cards to the Scotia Momentum for Business Visa will cost you $29 per employee card.
Foreign Transaction Fee
The Scotia Momentum for Business Visa has a foreign currency conversion fee of 2.5%. This means you will be penalized when using this card to make purchases that are not in Canadian Dollars.
Scotia Cash Back Calculator
Input your monthly and yearly business expenses to estimate your earnings with the Scotia Momentum for Business Visa card. Compare the results side by side up to 2 credit cards to find out which cards are best for you.
Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.
Card Details All links open in new tab (so you will not lose your calculations).
Edit Card Details
Edit Card Name
Set the name of the card to something of your choosing. Leave it blank to default back to normal card name.
Quick Assign
Use quick assign to quickly toggle this card on for Spend Categories in the calculator. If the card is already assigned, toggling off will set the category to No Selection.
Currency Codes
Any currencies you add to the tool will be selectable when entering spend into the Spend Categories section of the calculator.
Do note that any foreign currencies selected will automatically be converted to the card's default currency when calculating rewards.
Currency Name
Add Status / Loyalty
You can add elite status to one or more columns. This allows you to calculate the extra points you would receive from having status with that program.
If the status is already added, you can update the currency the status is based on by specifying a different currency than what the one in the calculator already has.
NOTE: Elite status is automatically added to the calculator for most credit cards that grant it.
Clear / Remove...
If you're looking to quickly assign cards to multiple categories, click on the card itself under the Credit Cards section.
Card Select
Select the card you will use for this category.
Do note that the order of the categories in the Category Spending section makes a difference. Spend is calculate by month in order of categories listed.
