The Best Scotiabank Credit Cards Of 2021

November 11, 2021
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Scotiabank credit cards are some of the most widely held in Canada, and for good reason: they offer excellent value and a wide array of unique benefits. Whether you’re looking for a no-fee card (we recommend the Momentum No-Fee Visa Card) or a travel card (we recommend the Momentum Visa Infinite Card), you’ll find something that suits your needs with Scotiabank.

Our favourite Scotiabank credit card is the Momentum Visa Infinite Card, which comes with a long list of benefits and offers excellent value for anyone spending more than $1,000/month. While these limited time offers last, we suggest applying for one of Scotiabank’s cards today.

Scotiabank offers an extensive family of credit cards to Canadians. In fact, there are more than a dozen credit cards in all, with a compelling offer for just about everyone.

In this post, we’ll look at five of Scotiabank’s top cards to help you decide which card is right for you.

The Best Scotiabank Credit Cards

#1 Scotiabank Passport™ Visa Infinite* Card

Welcome BonusEarn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel)
My Favourite FeatureZero foreign exchange markup
Card TypeRewards
Recommended ForFrequent travelers
Foreign Currency Conversion0%
Annual Interest Rate19.99% on purchases
22.99% on cash advances
Offer EndsOctober 31, 2021
Annual Fee$139 (waived for the first year)

The Passport Visa Infinite Card is a premium travel card designed for jetsetters and frequent travelers. You can earn up to 40,000 bonus Scotia Rewards points in your first year (worth up to $400 towards travel), and the card comes with six complimentary airport lounge visits per year so you can travel in comfort and style. 

Scotiabank-Passport-Visa-Infinite-Card

With this card, you’ll earn 2x Scotia Rewards® points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more). My favourite feature of the card is the zero foreign currency conversion fees, which make foreign purchases and spending abroad just like spending at home. And with the annual fee waived for the first year, it’s hard to go wrong here.

#2 Scotia Momentum® No-Fee Visa* Card

Welcome BonusEarn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
My Favourite Feature1.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
Card TypeCash back
Recommended ForWorking adults
Foreign Currency Conversion2.5%
Annual Interest Rate19.99% on purchases
22.99% on cash advances
Offer EndsOctober 31, 2021
Annual Fee$0

The Momentum No-Fee Visa Card is a cash back card that’s great for just about any Canadian. You’ll earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases), which means you can earn up to $100 cash back in the first 90 days alone. After those first 3 months, you’ll earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments, and 0.5% on all other purchases.

There’s also a 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that), just in case you miss a payment or two in the early days with the card. With its $0 annual fee, this is a solid card for earning cash back on your everyday purchases.

I go into greater detail on the Momentum No-Fee Visa Card later in this post.

#3 Scotia Momentum® Visa* Card

Welcome BonusEarn 7.5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
My Favourite Feature2% on eligible gas station, grocery store and drug store purchases and recurring bill payments
Card TypeCash back
Recommended ForFamilies
Foreign Currency Conversion2.5%
Annual Interest Rate19.99% on purchases
22.99% on cash advances
Annual Fee$39

The Momentum Visa Card is a cash back card ideal for families. Why families? Because you earn 2% cash back on many of the predictable expenses families incur: eligible gas station, grocery store and drug store purchases and recurring bill payments. If you’re spending in other categories, you’ll still receive 1% cash back on all other purchases.

The Momentum Visa Card also comes with an extremely valuable welcome offer: 7.5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). This means you can earn $150 in cash back in the first three months alone. There’s also a 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that).

With its low $39 annual fee and generous cash back setup, the Momentum Visa Card is a great card for families looking to establish their finances and build long-term wealth.

#4 Scotia Momentum® Visa Infinite* Card

Welcome BonusNo annual fee in the first year, including on supplementary cards.
My Favourite Feature4% on eligible recurring bill payments and grocery store purchases
Card TypePremium cash back
Recommended ForProfessionals
Foreign Currency Conversion2.5%
Annual Interest Rate20.99% on purchases
22.99% on cash advances
Annual Fee$120

The Momentum Visa Infinite Card is a premium cash back card ideal for professionals. It comes with a long list of benefits, including 4% cash back on eligible recurring bill payments and grocery store purchases. You’ll also earn 2% on eligible gas station and daily transit purchases, and 1% cash back on all other eligible everyday purchases. So if you spend more than $1,000 per month, you’ll save a significant amount of money by getting this card.

Scotia Momentum Visa Infinite Card

The Momentum Visa Infinite Card is waiving its annual fee for the first year, including on supplementary cards, which makes for a welcome offer value of $120.

The list of benefits that come with the Momentum Visa Infinite Card is just getting started, though. You’ll also receive access to the Visa Infinite Dining Series, Visa Infinite Music Series, and Wine Country Wonders, making this card truly unique among Canadian credit cards. 

If you travel frequently, you’ll love that the Momentum Visa Infinite Card comes with complimentary concierge services 24/7 and exclusive luxury hotel privileges. On top of that, you’re covered by its comprehensive travel insurance & new mobile device insurance coverage. I go into greater detail on the Momentum Visa Infinite Card later in this post.

#5 Scotiabank®* Gold American Express® Card

Welcome BonusEarn up to 50,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel)
My Favourite FeatureEarn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment establishments
Card TypeRewards
Recommended ForFrequent travelers
Foreign Currency Conversion0.0%
Annual Interest Rate19.99% on purchases
22.99% on cash advances
Offer EndsAugust 31, 2021
Annual Fee$120 (waived for the first year)

The Scotiabank Gold American Express Card is a travel rewards card for frequent travelers. With this card, you’ll earn up to 40,000 bonus Scotia Rewards points in your first year, which is worth up to $400 towards travel.

My favourite feature of the card is that you earn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment establishments. 1 Scotia Rewards point is worth $0.01, which means you’re essentially getting an incredible 5% cash back on those purchases. You also earn 3 Scotia Rewards points for every $1 you spend at eligible gas stations, daily transit, and select streaming services, and 1 point for every $1 you spend on all other eligible everyday purchases. On top of all that, the Gold American Express Card doesn’t charge any foreign currency conversion fees, making it a great choice for frequent travelers.

Scotiabank Gold American Express Card

Like the Momentum Visa Infinite Card, the Gold American Express Card comes with complimentary concierge services 24/7. Unlike the Momentum Visa Infinite Card, though, it also comes with American Express Front of the Line, which grants American Express cardholders advanced access/tickets to concerts, sporting events and shows across Canada. And with the annual fee waived for the first year, it’s hard to go wrong here.

I go into greater detail on the Gold American Express Card below.

Our 3 Favourite Scotiabank Credit Cards

Of the five Scotiabank cards we’ve discussed in this post, there are three that we particularly recommend: the Momentum No-Fee Visa Card, the Momentum Visa Infinite Card, and the Gold American Express Card. Here’s a deeper look into why we recommend these three so highly.

#3 Momentum No-Fee Visa Card

Who It’s Best For

We recommend the Momentum No-Fee Visa Card for working adults, since it offers solid cash back across the board. You’ll earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments, and 0.5% on all other purchases.

Why We Recommend It

With 1% cash back on select spending categories and no annual fee, this is a solid card across the board. Add on its generous welcome offer of 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases), and it’s easy to see why picking up this card makes sense.

#2 Gold American Express Card

Who It’s Best For 

We recommend the Gold American Express Card for frequent travelers, since it doesn’t charge any foreign currency conversion fees. This is a rare benefit for Canadian credit cards, and saves you about 2.5% on every foreign transaction.

Why We Recommend It

The welcome offer on this card (earn up to 40,000 bonus Scotia Rewards points in your first year, worth up to $400 towards travel) is excellent, and the recurring benefits—such as earning 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment establishments—are, too. Many cardholders will also appreciate American Express’ Front of the Line benefit, which gives you advanced access/tickets to concerts, sporting events and shows across Canada.

#1 Momentum Visa Infinite Card

Our favourite of all of Scotiabank’s cards is the Momentum Visa Infinite Card, and it’s not hard to see why. Here’s some more information on our favourite card, and how you can get yours with no annual fee for the first year today.

Who It’s Best For

We recommend the Momentum Infinite Card for professionals, since its power is truly unlocked when you start spending higher amounts. We particularly like the 4% cash back on eligible recurring bill payments and grocery store purchases and that the annual fee is waived for the first year, which is worth hundreds of dollars in the first 90 days alone.

Why We Recommend It

The annual fee is waived for the first year, which makes signing up for this card risk-free. Travel benefits like complimentary 24/7 concierge, luxury hotel privileges, and travel insurance both for yourself and for your devices make this card truly special. Whether you’re spending more than $1,000/month across your credit cards already or not, this limited time welcome offer makes the Momentum Visa Infinite Card a no-brainer in our books.

In Summary

As you can see, Scotiabank’s family of cards has something for just about everyone. Whether you’re looking for a no-fee card (we recommend the Momentum No-Fee Visa Card) or a travel card (we recommend both the Gold American Express Card and the Momentum Visa Infinite Card), you’ll find something that suits your needs with Scotiabank.

Our primary recommendation is the Momentum Visa Infinite Card, which comes with an impressive variety of benefits and offers excellent value for anyone spending more than $1,000/month. While these limited time offers last, we suggest applying for one of Scotiabank’s family of cards with confidence today.

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