The Scotia Momentum Business Visa Credit Card is a dynamic asset crafted for small business proprietors aiming to streamline cash flow and garner rewards on daily business outlays. With this card, you can accrue cash back on essentials like office supplies, gas, recurring bills, and dining, presenting a pragmatic avenue to mitigate business expenses and amplify savings.
Beyond its rewarding cash back initiative, the Scotia Momentum Business Visa Credit Card furnishes invaluable perks engineered to bolster business functionalities.
Users gain access to comprehensive business administration utilities, encompassing meticulous expense reports and account management functionalities, facilitating streamlined expense oversight and financial strategizing.
Scotia Momentum for business Visa
Visa SavingsEdge Cash flowBenefits of Scotia Momentum Business Visa Credit Card
- Earning rewards: The Scotia Momentum Visa Card stands as a premier cash-back credit card option in Canada, extending generous rewards across a spectrum of spending categories. Enjoy a lucrative 3% cash back on eligible gas station, restaurant, and office supply store purchases, along with eligible recurring bill payments. Plus, earn a solid 1% cash back on all other everyday business purchases.
- Redeeming rewards: With the Scotia Momentum Business Visa Credit Card, you have the flexibility to redeem your cash back rewards as statement credits. This versatile redemption option enables you to directly offset your business expenses by applying your earned cash back rewards towards your credit card balance.
- Low annual fee: Enjoy the benefits of a low annual fee with the Scotia Momentum Business Visa Credit Card, making it an economical choice for businesses seeking to minimize credit card expenses while still accessing valuable benefits and rewards. With this card, you can tap into essential business features and perks without breaking the bank, allowing you to optimize your finances and maximize savings.
- Extended grace period of 25 days: Benefit from an extended grace period of 25 days, providing you with extra time to manage business expenses before interest kicks in on your purchases. This added flexibility and convenience empower businesses to maintain healthy cash flow and effectively manage payments within the billing cycle.
- Introductory interest rate for only 2.99%: Take advantage of a special introductory interest rate of just 2.99% on balance transfers for the first 6 months, with no balance transfer fee. This promotion enables you to consolidate and manage existing balances more affordably, helping you save on interest charges and streamline your finances effectively.
- Visa SavingsEdge: Access Visa SavingsEdge and unlock discounts on your business purchases. Signing up is quick, easy, and free, offering a convenient way to save money on essential business expenses and further amplify the value and benefits of using the Scotia Momentum Visa Credit Card for your business transactions.
- Business perks: Consolidate all your business spending into one monthly statement with the Scotia Momentum for Business Visa card, simplifying expense tracking. Transactions made by Supplementary Cardholders are clearly identified, ensuring transparency and easy expense management.
- Get supplementary cards: Easily add Supplementary cards for your employees with the Scotia Momentum for Business Visa card, allowing multiple individuals to access the same account. This convenient feature streamlines expense management and maximizes cash back rewards for your business expenditures, all at the same rate as your primary card.
- Travel and luggage insurance: Enjoy peace of mind during business travels with up to $1 million in travel and luggage insurance offered by the Scotia Momentum Business Visa Credit Card. This essential protection shields against unforeseen expenses and emergencies, ensuring a worry-free travel experience for you and your business.
- High credit limit: Benefit from a generous credit limit of up to $150,000 with the Scotia Momentum Business Visa Credit Card, providing flexibility for purchasing office supplies, inventory, and other essential business expenses. This card offers convenient access to credit when needed, empowering businesses to manage cash flow effectively and make necessary purchases to support operations and growth.
Exclusive Program
The Scotia Business Visa card is designed to cater to the unique needs of businesses, offering a rewarding cashback program. Cardholders enjoy a percentage back on office supplies, gas, and daily business expenses, making it an ideal choice for companies looking to maximize their spending efficiency.
Additionally, the card offers special discounts and deals with partner merchants, enhancing the overall value proposition for businesses.
Qualification Requirements
Before applying for the Scotia Momentum Business Visa credit card, ensure you meet the necessary requirements:
- Business Eligibility:
- The applicant must be a registered business entity.
- The business should have a stable financial standing.
- Personal Credit History:
- A good personal credit history is often required for business credit cards.
- Ensure your personal finances are in order before applying.
- Business Documentation:
- Prepare essential business documents, such as tax identification numbers and financial statements.
- Credit Score:
- A credit score within a specified range is typically required for approval.
Step-by-Step Application Process of Scotia Momentum Business Visa
Applying for a Scotia Momentum Business Visa is easier than you think:
- Go to the Scotiabank website and look for Scotia Momentum Business Visa
- Click on Apply Now
- Read Terms and Conditions
- Fill your personal and financial details
- Submit your application
FAQs about Scotia Momentum Business Visa
What are the cash back benefits of the card?
The card offers cash back on office supplies, gas, and other eligible business expenses.
Is there an annual fee for the card?
Yes, there’s an annual fee. Visit the Scotia website for current fee details.
Can the card be used internationally?
Yes, it’s accepted worldwide. However, foreign transaction fees may apply.
How does the cash back redemption work?
Cash back is accumulated and can be redeemed as per the terms and conditions specified by Scotia.
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