Which has the lower annual fee, Scotia Momentum Visa or Visa Cashback?

The Scotia Momentum Visa has a $49 annual fee, while the Visa Cashback charges $65/year.

Which card is better for groceries, Scotia Momentum Visa or Visa Cashback?

The Scotia Momentum Visa earns 2% on groceries, while the Visa Cashback earns 0%. The better choice depends on your grocery spending and the specific merchants you shop at.

Scotia Momentum Visa vs Visa Cashback — Which Is Better? | Churnr

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

Scotia Momentum Visa wins by $459/yr — strongest in groceries

Scotia Momentum Visa earns $256 more on groceries
Scotia Momentum Visa earns $72 more on gas

Groceries: +$256Gas: +$72Bills & Utilities: +$48

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

Visa Cashback: $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

−$95

/first year

-0.2% effective$8/mo

vs 1% no-fee card: −$514

Annual rewards earned+$0

FX costs−$30

Annual fee−$65

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

+$459 more than Visa Cashback

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

Scotia Momentum Visa wins by $459/yr — strongest in groceries

Scotia Momentum Visa earns $256 more on groceries
Scotia Momentum Visa earns $72 more on gas

Groceries: +$256Gas: +$72Bills & Utilities: +$48

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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