You could get up to $150 more in cash back rewards and the annual fee waived for the first year on an eligible Scotiabank®* Momentum credit card account by opening all of the following Scotiabank accounts: a new Scotiabank Momentum® Chequing Account, a new eligible Momentum® Credit Card account and a new Scotiabank MomentumPLUS Savings Account (a “MPSA”) (each of the foregoing, an “eligible account”) and meeting all of these Terms and Conditions. Individuals who are holders of all eligible accounts in accordance with these Terms and Conditions have completed the “Momentum Banking Bundle”.
General Terms
$50 MomentumPLUS Savings Account Offer (the”$50 MPSA Offer”)
First Year Annual Fee Waiver on the eligible Scotiabank Momentum Credit Card plus other promotional rate offers as outlined below (each a “ Scotia Momentum® Credit Card ” offer)
i. We will waive the initial annual fee for the primary card and each additional supplementary card for the first year (the “Offer”) for the Scotiabank Momentum Visa Infinite credit card account (the “Account”). Any additional supplementary cards must be issued by October 31, 2018 (“Offer End Date”), to qualify for the Offer. Offer applies only to new Accounts approved and opened by the Offer End Date. Effective as of July 1, 2018, the preferred annual fees on the Account are: $99 for the primary card and $30 for each additional supplementary card
i. There is an introductory 2.99% interest rate that applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the “Offer”) for the Scotia Momentum Visa credit card account (the “Account”). This Offer applies only if the new Account is opened by October 31, 2018 (the “Offer End Date”) and will continue for 6 months from that date (“the Promotional Period”). This Offer cannot be used to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances(including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) that applies on your Account.
ii. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates are subject to change.
iii. A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions).
i. There is an introductory 7.99% interest rate that applies to purchase only (the “Offer”) on the Scotiabank Momentum No Fee Visa credit card account (the “Account”). This Offer applies only if the new Account is opened by October 31, 2018 the (“Offer End Date”) and will continue for 6 months from that date (“the Promotional Period”). After the Promotional Period, balances at the promotional rate of 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases that applies on your Account.
ii. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates are subject to change.
i. The introductory 7.99% interest rate applies to purchases only. This rate applies when the new Scotiabank credit card account (“Account”) is opened and will then continue for 6 months from that date (“the Promotional Period”). After the Promotional Period, balances that were at 7.99% (including any unpaid balances) will increase to the preferred interest rate for purchases on your Account. Purchases exclude refunds, returns or other similar credits, payments, cash advances, balance transfers, Scotia Credit Card Cheques, interest, fees or other charges.
ii. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). Rates are subject to change.
$100 Momentum® Bundle Bonus Offer (the “$100 Momentum Bonus Offer”)
(i) you have all three eligible accounts and at least one of those eligible accounts was opened within the Offer Period; and
(ii) within 60 days of completing the Momentum Banking Bundle, , you set up the following on your bank account and they clear:
1 pre-authorized payroll deposit; or
2 pre-authorized transactions,
where a “pre-authorized transaction” means a pre-authorized debit or a pre-authorized credit
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