Which has the lower annual fee, Scotia Momentum Visa or Tangerine Money-Back World Mastercard?

The Tangerine Money-Back World Mastercard has no annual fee, while the Scotia Momentum Visa charges $49/year.

Which card is better for groceries, Scotia Momentum Visa or Tangerine Money-Back World Mastercard?

The Scotia Momentum Visa earns 2% on groceries, while the Tangerine Money-Back World Mastercard earns 0.5%. The better choice depends on your grocery spending and the specific merchants you shop at.

Scotia Momentum Visa vs Tangerine Money-Back World Mastercard — Which Is Better? | Churnr

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

Scotia Momentum Visa edges ahead by $101/yr

Scotia Momentum Visa earns $192 more on groceries
Scotia Momentum Visa earns $54 more on gas

Groceries: +$192Gas: +$54Bills & Utilities: +$24

Scotia Momentum Visa: $30/yr in foreign transaction fees

Tangerine Money-Back World Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$364

/first year

0.9% effective$30/mo

vs 1% no-fee card: −$55

Annual rewards earned+$443

FX costs−$30

Annual fee−$49

$263

/first year

0.6% effective$22/mo

vs 1% no-fee card: −$155

Annual rewards earned+$173

Welcome bonus+$120

FX costs−$30

Annual fee−$0

Best for your spendingScotia Momentum Visa—$364Year 1 value

+$101 more than Tangerine Money-Back World Mastercard

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Earn Rates by Category

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The Bottom Line

Scotia Momentum Visa edges ahead by $101/yr

Scotia Momentum Visa earns $192 more on groceries
Scotia Momentum Visa earns $54 more on gas

Groceries: +$192Gas: +$54Bills & Utilities: +$24

Showing Year 1 analysis

Scotia Momentum Visa wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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