Which card is better for groceries, Scotia Momentum No-Fee Visa or TD Business Cash Back Visa?

The Scotia Momentum No-Fee Visa earns 1% on groceries, while the TD Business Cash Back Visa earns base rate. The better choice depends on your grocery spending and the specific merchants you shop at.

Scotia Momentum No-Fee Visa vs TD Business Cash Back Visa — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

TD Business Cash Back Visa edges ahead by $54/yr

Scotia Momentum No-Fee Visa earns $128 more on groceries
TD Business Cash Back Visa earns $50 more on dining & restaurants
$195 welcome bonus advantage

Groceries: +$128Dining & Restaurants: +$50Bills & Utilities: +$48

Scotia Momentum No-Fee Visa: $30/yr in foreign transaction fees

TD Business Cash Back Visa: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$254

/first year

0.6% effective$21/mo

vs 1% no-fee card: −$164

Annual rewards earned+$279

Welcome bonus+$5

FX costs−$30

Annual fee−$0

Winner

$308

/first year

0.7% effective$26/mo

vs 1% no-fee card: −$111

Annual rewards earned+$138

Welcome bonus+$200

FX costs−$30

Annual fee−$0

Best for your spendingTD Business Cash Back Visa—$308Year 1 value

+$54 more than Scotia Momentum No-Fee Visa

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

TD Business Cash Back Visa edges ahead by $54/yr

Scotia Momentum No-Fee Visa earns $128 more on groceries
TD Business Cash Back Visa earns $50 more on dining & restaurants
$195 welcome bonus advantage

Groceries: +$128Dining & Restaurants: +$50Bills & Utilities: +$48

Showing Year 1 analysis

Year-over-Year

Year 1

TD Business Cash Back Visa

by $54 — welcome bonus advantage

Year 2+

Scotia Momentum No-Fee Visa

by $141 — ongoing earn advantage

TD Business Cash Back Visa wins Year 1 thanks to a better welcome bonus, but Scotia Momentum No-Fee Visa earns more ongoing. Consider how long you plan to hold the card.

Data Sources

Issuer terms & conditions (verified Mar 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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