Scotiabank · Business credit
Scotia Momentum for business Visa Card review
The Scotia Momentum for business Visa Card pays up to 3% cash back on eligible categories, including gas, restaurants, office supplies and recurring bills, and 1% on everything else. The annual fee is C$79, with C$29 for each additional card.
Who Scotiabank is best for
Businesses with high spending on gas, restaurants and office supplies, companies paying recurring bills by card and teams wanting a higher earn rate than no-fee cards.
Businesses spending in USD or abroad and very low spenders who won’t recover the C$79 fee.
The Scotia Momentum for business Visa Card pays up to 3% cash back on eligible categories, including gas, restaurants, office supplies and recurring bills, and 1% on everything else. The annual fee is C$79, with C$29 for each additional card.
Credit limits go up to $150,000 unsecured, and new purchases get a 25-day interest-free grace period. Like most bank cards, it charges a 2.5% foreign transaction fee, so it suits businesses that mainly spend in CAD in its bonus categories.
Fees, features and eligibility
| Rewards | Up to 3% on eligible categories; 1% on everything else |
|---|---|
| Annual fee | CA$79 |
| Fees | C$79 annual; C$29 per additional card |
| Payment terms | 25-day interest-free grace period |
| Foreign transaction fee | 2.5% |
| Card type | Business credit |
| Eligibility | Credit limits up to $150,000 unsecured |
| Currencies | CAD |
Source: Scotiabank published product information.
What stands out
Pros
- Up to 3% cash back on business categories
- Credit limits up to $150,000 unsecured
- 25-day interest-free grace period
Cons
- C$79 annual fee
- 2.5% foreign transaction fee
- C$29 per additional card
Scotiabank: common questions
What is the Scotia Momentum business card’s annual fee?
C$79 a year, plus C$29 for each additional card.
How much cash back does the Scotia Momentum business card earn?
Up to 3% on eligible gas, restaurant, office supply and recurring bill purchases, and 1% on everything else.
What credit limit can I get?
Up to $150,000 unsecured.
Does it charge foreign transaction fees?
Yes, 2.5% on purchases in other currencies.
Used Scotiabank? Help other businesses choose.
