ScotiabankNo Annual Fee / Cash Back

Scotia Momentum for business No Fee Visa Card

Our take: a simple, honest no-fee business card — a flat 1% on everything with no categories to track and no cap to hit. It will not beat a category card, but nothing about it costs you anything either.

Welcome bonus10% cash back on up to $1,500 in purchases for your first 3 months, worth up to $150, for accounts opened by February 28, 2027.^*

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Our review

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The Scotia Momentum for business No Fee Visa does one thing: it pays 1% on everything your business buys, with no annual fee, no categories and no spending cap. That makes it a reasonable default card for a business that wants a clean expense record and a little cash back without managing bonus categories — and a poor choice for a business with heavy, concentrated spending that a category card would reward far better.

2.8out of 5

MoneyMint rating

#13 of 15 business cards · How we rate

Rewards value

3/10

Insurance

4/10

Flexibility

10/10

Welcome bonus

2/10

Fee value

10/10

Perks

2/10

≈ $396

estimated first-year value after the annual fee, on a typical $2,050/month budget. Compare all 15 business cards →

At a Glance

Annual fee

supplementary cards also $0

Earn rate

on all eligible purchases, uncapped

Welcome offer

Up to $150^*

10% on up to $1,500 in 3 months

Purchase APR

21.99%

Cash advance APR

23.99%

Annual cap

None

on the 1% base rate

Rates and fees confirmed on Scotiabank’s product page on September 25, 2026.

Pros and Cons

What works

No annual fee on the primary card and no fee for supplementary employee cards.
A flat 1% with no categories to track and no annual cap on earnings.
A welcome offer worth up to $150, which is strong for a no-fee business card.
Cash back rather than points, so there is nothing to learn about redemption.

What to watch

1% is well below what a category card pays on fuel, office supplies or client meals.
The 21.99% purchase APR is higher than several competing business cards, including its own $79 sibling.
Scotiabank does not publish the foreign transaction fee on the product page.
No travel insurance. Coverage is limited to purchase security, extended warranty and mobile device insurance.

What You Earn

1%All eligible purchases, with no categories and no annual cap

10%Introductory rate on up to $1,500 in purchases during the first 3 months

A business spending $5,000 a month would earn about $600 a year at 1%. The same spending on a 3% category card, if it fell in the bonus categories, would earn roughly three times that — which is the trade you are making for the $0 fee.

Who It’s For

A good fit if

You want a business card that costs nothing to hold and needs no management.
Your spending is spread thin across categories no bonus card rewards.
You want employee cards without paying per-card fees.

Look elsewhere if

You spend heavily on fuel, office supplies, telecom or client meals — a category card will pay you materially more.
You carry a balance; at 21.99% the interest will dwarf 1% cash back.
You need travel insurance bundled with the card.

Not Sure? Three Cards People Compare It With

Scotia Momentum for business Visa

Pick this instead if your spending concentrates in fuel, restaurants, office supplies or recurring bills and you can justify a $79 fee.

Fee $793% on five business categories

Read review

BMO CashBack Business Mastercard

Pick this instead if you want no fee but a higher rate on gas, office supplies and telecom specifically.

Fee $01.5% on gas, office supplies and telecom

Read review

2.8

Scotia Momentum for business No Fee Visa Card

Fees and rates confirmed September 25, 2026 · $115 Mint Rebate from MoneyMint

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Jen, founder of MoneyMint

Reviewed by Jen. We verify every rate, fee and offer term against the issuer’s own published material before we publish it, and we re-check on a set schedule.

Fees, rates and offer terms in this review were confirmed on the issuer’s own site on September 25, 2026. MoneyMint earns a commission when you apply through our links. That commission funds the Mint Rebate and doesn’t affect our rating. Credit card terms change without notice — confirm the current terms on the issuer’s application page before you apply. This is general information, not financial advice.

Frequently Asked Questions

Is there really no annual fee?

Yes. Scotiabank lists the card at $0 per year, and supplementary cards are also $0. There is no minimum spending requirement to keep the card open.

Is the 1% cash back capped?

No. Unlike the $79 Scotia Momentum for business Visa, which caps its 3% and 2% tiers at a combined $40,000 a year, the base 1% on this card has no annual cap.

How does it compare to the $79 Scotia Momentum for business Visa?

The $79 card pays 3% on gas and EV charging, restaurants, office supplies and recurring bills, and 2% on shipping and bookkeeping. If roughly $2,650 or more of your annual spending falls in those categories, the paid card comes out ahead even after its fee. Below that, this no-fee card is the better deal.

Does this card charge a foreign transaction fee?

Scotiabank does not state the foreign transaction fee on this card’s product page. We do not publish a figure we have not confirmed — check the cardholder agreement before using it abroad.

Does it come with travel or purchase insurance?

It includes purchase security, extended warranty and mobile device insurance, according to Scotiabank’s product page. There is no travel medical or trip cancellation coverage, so do not assume you are covered when booking business travel on it.

Offer Terms and Conditions

*Terms and conditions apply. See Card Provider’s website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.