Scotia Momentum Visa cashback rate, cap and annual fee
Scotia Momentum Visa pays 2% on groceries, and 6 other rates. The card costs CAD 49 a year.
This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.
Scotiabank · Canada · catalogue v107
Read from Scotiabank's own published terms on 28 Oct 2026.
CAD 49Annual fee
CAD 25,000Spend at these rates, a year
2%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| groceries | 2.00% | —2% at grocery stores and supermarkets (MCC 5411). Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| fuel | 2.00% | —2% at gas stations, fuel dispensers and EV charging (MCC 5541, 5542, 5552). Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| pharmacy | 2.00% | —2% at drugstores and pharmacies (MCC 5912). Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| transit and ridesharetravel | 2.00% | —2% on transit and rideshare (MCC 4111, 4112, 4121, 4131, 4789). Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| food deliveryonline and delivery | 2.00% | —2% on food delivery through delivery services Scotiabank selects. Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| recurring bill paymentseverything else | 2.00% | —2% on recurring bill payments billed automatically by the merchant. Shares one $25,000 yearly allowance with every 2% category; then 1%. |
| everything else | 1.00% | —1% on all other purchases, and on the 2% categories past $25,000 a year. |
$49 a year (raised from $39 on 1 Feb 2026). 2% on groceries, gas and EV charging, drugstores, transit and rideshare, food delivery and recurring bills, all inside one $25,000 a year, then 1%. The product page moved to /visa/momentum-cash-back-card.html. Scotiabank's page publishes no foreign transaction fee. Source: scotiabank.com Scotia Momentum Visa page, read 28 Oct 2026.
Questions people ask
What cashback does the Scotia Momentum Visa pay?
2% on groceries, and 6 other rates.
Is there a cap on the Scotia Momentum Visa?
No monthly cap is published on the rates shown here.
What is the annual fee on the Scotia Momentum Visa?
CAD 49 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.
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