Scotiabank · Mastercard · Cash back
Reviewed 2026-07-06 · By The Points Standard editorial team
Scotia Momentum Mastercard
An unremarkable but genuinely free card. Its low intro interest rate is the real draw, not the cash-back rate.
Standard Score breakdown — Pass
Six weighted components, each rated 0–10. "Contributes" is the rating × weight — add all six and you get the 4.25/10 Standard Score above.
See how the Standard Score works or re-weight it to your priorities.
The numbers
| Annual fee | None |
| Welcome bonus | 7.99% introductory interest rate on purchases for the first 6 months (a financing offer, not a cash bonus) |
| Est. bonus value | ≈ $0 |
| First-year net value | ≈ $90 |
Earn rates
| Gas stations, grocery stores, drug stores | 1% |
| Everything else | 0.5% |
Why it earns its score
- Genuinely free cash-back card with no minimum redemption
- Simple three-category structure covers common everyday spend
- Introductory low interest rate on purchases for new cardholders
Where it loses points
- 1%/0.5% rates are low compared to other no-fee cash-back cards
- No welcome cash bonus
- No travel insurance
Who it's for
Scotiabank clients who want a simple free cash-back card and may carry an introductory-rate balance.
Who should skip it
You want the best possible free cash-back rate — Tangerine, BMO CashBack, or CIBC Dividend all out-earn this card in their bonus categories.
Included insurance
Source: issuer card page · Last reviewed 2026-07-06. Details change often — confirm current terms with the issuer before applying.