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Better late than never. Scotiabank has announced positive updates across its Momentum card lineup. The earn rates introduce new categories for like food delivery and transit, but the bigger story here is that cardholders can now use their cash back anytime, removing one of the long-standing friction points of the Momentum Visa cards.
For existing cardholders and those considering the card, these updates make the Momentum Visa cards easier to integrate into everyday spending without waiting months to access earned cashback.
New Bonus Categories
The Scotia Momentum cards now earn 2% cash back on new categories like food delivery, transit, and rideshare on select personal Momentum cards, and 2% cash back on Shipping, Accounting and Bookkeeping Services on the business version of the card.
- Scotia Momentum® Visa Infinite credit card
- 4% on Groceries (incl. Supermarket), Recurring Bills, and Subscription payments ($25k annual limit)
- 2% on Food Delivery, Gas, Daily Transit ($25k annual limit)
- 1% on all other eligible everyday purchases
- Scotia Momentum® Visa credit card
- 2% Cash Back on Gas, Transit, Rideshare, Food Delivery, Groceries, Food subscription services, Recurring bill payments, Recurring subscription services, and drugstore purchases
- 1% on all other eligible everyday purchases
- Scotia Momentum® No-Fee Visa credit card
- 1% Cash Back on Gas, Transit, Rideshare, Food Delivery, Groceries, Food subscription services, Recurring bill payments, Recurring subscription services, and drugstore purchases
- 0.5% on all other eligible everyday purchases
- Scotia Momentum® for business Visa credit card
- 3% on Gas Stations, Restaurants and Office Supply Stores
- 3% on Recurring Bill Payments
- 2% on Shipping, Accounting, and Bookkeeping Services
- 1% on all other eligible purchases for Business
Scotiabank Cash Back Anytime – Long Overdue Change
The most important update to the Momentum card lineup is the introduction of the Cash Back Anytime feature. Historically, Momentum cardholders had to wait until November each year to receive their accumulated cash back as a statement credit. While predictable, that structure limited flexibility, especially for those who preferred to offset expenses earlier in the year.
Now, with Cash Back Anytime, cardholders can redeem their accumulated cash back at any time, as long as they meet the $25 minimum redemption threshold. Redemptions are applied as statement credits, allowing users to offset balances on demand rather than on Scotiabank’s calendar.
This change significantly improves the card’s usability, as it allows cash back to function more like a real-time rebate rather than a once-a-year bonus, particularly helpful for those who use the card for recurring or high-frequency spending.
Take Away
The latest updates to the Scotiabank Momentum card lineup reflect modern spending patterns, while Cash Back Anytime removes one of the card’s most common pain points. Cardholders still earn simple, predictable cash back, but now with control over when that value is realized. One of the best Cashback Cards in Canada, the Scotiabank Momentum Visa Infinite Card, just became even more attractive!
