Scotia Momentum No-Fee Visa for Students

Relevant if: you can benefit from its documented earning categories.

Less suitable if: terms that remain unconfirmed are essential to your decision.

Annual fee: $0
Reward type: Cash back
Welcome offer: Confirmed offer
First-year estimate: $240.63

Data verified on September 6, 2026

Estimate with my spending

Futello estimate

Estimated net value — first year

$240.63

Annual fee thereafter: $0
First-year fee: $0 — no annual fee

View the official page

View calculation details

This estimate combines the card’s ongoing value in a balanced scenario with the portion of its welcome offer earned during the first 12 months.

Ongoing net value in the scenario: $140.63
Recurring annual fee already deducted: $0
Welcome-offer value earned during the first 12 months: $100
First-year fee: $0 — no annual fee

Balanced reference scenario

Value calculated with a balanced spending basket of $36,000 per year.

Everyday purchases$11,250
Gas / charging$4,500
Groceries$11,250
Pre-authorized payments$4,500
Restaurants$4,500

The total amount matches the selected level and is applied entirely to this card. Rewards are projected from the certified balanced scenario; fees are never multiplied. A first-year fee rebate is applied only when confirmed in the published offer. Ordinary rewards on required spending are not counted twice.

First year

Welcome offer

Current offer · not enough history to compare
Offer quality: Fair Futello rating grid

Welcome bonus: 5 $ CAD
Estimated value: $100 first 12 months, per the valuation published by Futello
Last verified: August 30, 2026 · Verified 22 days ago

First observed by Futello — August 19, 2026

Historical context

Futello does not yet have enough verified history to compare this offer.

Facts come from the data published by Futello (official issuer source, verified history). The page does not estimate anything on its own. Are credit-card welcome bonuses worth it? · How offers are evaluated

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Earning

Rewards

Category	Reward	Conditions
Transit, taxis and ridesharing, Drugstores, Electric vehicle charging, Food delivery and food subscriptions, Gas, Groceries, Pre-authorized payments, Streaming subscriptions, and Taxis and ridesharing	1%	Cap not documented
Other purchases	0.5%	Cap not documented

Go further

Evergreen guides with no numbers that go stale, and the full Futello methodology.

Sources and uncertainties

Unconfirmed information remains distinct from an absence. Always review current terms with the issuer.

View source