polarb Posted July 17, 2010 Report Share Posted July 17, 2010 To people who've signed a LOC with Scotiabank, did they give you a no fee 1% cash back card or waive the fee on a 2% momentum card? I don't care much for the gold card and would rather have the cash back. But my Scotia rep said that they only do the 1% card with student LOC. However, my friend who also signed with Scotiabank (another branch) was offered the no fee Momentum 2% cash back card. Can anyone confirm which card they got? Link to comment Share on other sites More sharing options...
dr_horrible Posted July 17, 2010 Report Share Posted July 17, 2010 I signed with Scotia as well, and got the Momentum card. But I thought the 1% cash back card and 2% cash back cards were the same thing. My Visa gives me 2% cash back on gas and groceries, and 1% cash back on all other purchases. Maybe it's the same deal for your card? Link to comment Share on other sites More sharing options...
shannn Posted July 17, 2010 Report Share Posted July 17, 2010 Are you guys getting the fee waived each year? Because my friend who is with Scotia and has that card needs to go to the branch each year and make a fuss to get the fee dropped And you also get 2% back when you use it at a pharmacy Link to comment Share on other sites More sharing options...
dr_horrible Posted July 17, 2010 Report Share Posted July 17, 2010 I did get the fee waived yearly. Actually, a few days ago, I saw that they had charged me the annual fee accidentally, but I didn't have to put up much of a fight to reverse it. I just e-mailed my Scotia rep, and it was reversed that day. Are you guys getting the fee waived each year? Because my friend who is with Scotia and has that card needs to go to the branch each year and make a fuss to get the fee dropped And you also get 2% back when you use it at a pharmacy Link to comment Share on other sites More sharing options...
polarb Posted July 17, 2010 Author Report Share Posted July 17, 2010 No the 1% card is separate from the momentum. I don't know why my branch isn't giving it to me even though I cited another branch who could. Maybe I'll just go to the other branch! Link to comment Share on other sites More sharing options...
shannn Posted July 17, 2010 Report Share Posted July 17, 2010 No the 1% card is separate from the momentum. I don't know why my branch isn't giving it to me even though I cited another branch who could. Maybe I'll just go to the other branch! Yea, it all depends on who you talk to Even for me when I was talking to Scotia, there were a lot of differences depending on who I talked to (from the CC I could choose, to the amount of the actual LOC, etc...) Link to comment Share on other sites More sharing options...
liszt Posted July 18, 2010 Report Share Posted July 18, 2010 If you can't get the Momentum for free (and even if you can), consider the MBNA SmartCash: 3% Gas and Groceries, 1% everything else, no fee. Link to comment Share on other sites More sharing options...
naspec Posted July 22, 2010 Report Share Posted July 22, 2010 What did you all have to say to get the fee waived on the Momentum card? I did some quick calculations and found that even with the $39 fee, assuming half your purchases earn the 2% rate, you'll start to break even (compared to the no-fee cash back card) at around $4000. Link to comment Share on other sites More sharing options...
shannn Posted July 22, 2010 Report Share Posted July 22, 2010 What did you all have to say to get the fee waived on the Momentum card? I did some quick calculations and found that even with the $39 fee, assuming half your purchases earn the 2% rate, you'll start to break even (compared to the no-fee cash back card) at around $4000. Threaten to bank elsewhere Link to comment Share on other sites More sharing options...
HBP Posted July 22, 2010 Report Share Posted July 22, 2010 It was mentioned earlier, but the Smart Cash MBNA >>>>>> Momentum. Link to comment Share on other sites More sharing options...
naspec Posted July 22, 2010 Report Share Posted July 22, 2010 That does look good, they've got travel and rental car collision insurance too? Was there any minimum income requirement that you had to get around? Link to comment Share on other sites More sharing options...
shannn Posted July 22, 2010 Report Share Posted July 22, 2010 That does look good, they've got travel and rental car collision insurance too? Was there any minimum income requirement that you had to get around? Yup, all that is included. No minimum income for students (apply online). Use Great Canadian Rebates for a $40 sign up bonus Link to comment Share on other sites More sharing options...
HBP Posted July 22, 2010 Report Share Posted July 22, 2010 Use my referral link to GCR for extra brownie points Link to comment Share on other sites More sharing options...
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