Scotiabank is one of the top 30 banks, according to Global Finance magazine's annual ranking of the world's safest banks. The bank has a variety of facilities to suit the needs of over 10 million customers in Canada. These include chequing and savings accounts, and credit cards.
Personal banking customers can choose from 16 Scotiabank credit cards suited to their varying lifestyles and financial goals. Whether you prefer a card with travel rewards, cashback bonuses, or low-interest rates, there's a Scotiabank Credit Card for you.
Admittedly, there's a lot of information on each card, not to mention 'special offers' and details, but we can help you navigate through the information provided and make comparisons based on your credit score, card rewards, and network, whether you prefer VISA, Mastercard or American Express, to choose the right card for you.
Read on to learn more about some of Scotiabank's credit card offers.
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Co-branded credit cards represent a partnership between a credit card network such as American Express, Visa or Mastercard and a consumer goods retailer. This partnership also requires a financial institution that can process payments on behalf of the partners.
These cards usually carry the logo of all three entities and allow users to earn rewards, discounts or earn merchandise from the associated retailer. The great thing is that you can use them anywhere network cards are usually accepted. You accumulate benefits with every purchase.
Scotiabank® GM® Visa Card
If you're in the market for a new vehicle, the Scotiabank® GM® Visa Card may be for you. It allows you to accumulate GM® Earnings when you charge any purchase of goods or services to your GM® card.
You can use them toward the purchase or lease of any General Motors brand of vehicle. This includes Chevrolet, Buick, GMC, or Cadillac.
Note: This card is no longer available.
Scotiabank® GM® Card Features
This card has many features that will help build your credit while allowing you to accumulate earnings. Here are a few of the card's other features:
No annual fee on primary or supplementary cards
A minimum $500 credit limit
Interest Rate of 19.99% on purchases
Interest Rate of 22.99% on cash advances, Scotia Credit Card Cheques, and balance transfers
Additional cards at no extra cost
Quick and easy check out by tapping your card or using your smartphone
You can also opt for financial protection with insurance coverage that offers basic protection in the event of death, critical illness or hospitalization. These are also included in the comprehensive package that also covers disability, work strike or lockout, or job loss.
Scotiabank® GM® Card Rewards
The Scotiabank® GM® Card allows you to accumulate GM® earnings which are easy to calculate and can be used toward the purchase or lease of a GM® vehicle. Here are some more details about rewards available to cardholders:
The first $5,000 spent annually, you earn 5% in GM® Earnings, you earn 2% on anything spent above the $5,000
You get $1 off the lease or purchase price of any new GM® brand of vehicles (GMC, Chevrolet, Cadillac, or Buick) with every $1 in GM® Earnings you acquire
Extended warranty and purchase security with most purchases insured against loss, damage, or theft but within the restrictions, limitations, and exclusions of your insurance coverage
A discount of up to 25% at participating AVIS and Budget car rental sites in Canada and the US.
24/7 customer service that allows you to speak directly to an agent with any concern or query, request additional cards, resolve disputes, report lost or stolen cards, or file a complaint
Once you're a cardholder, there is no cap on your GM® earnings, no expiration dates, and no redemption limits. If your minimum annual income is $12,000 you can qualify for this card. The online application process is secure and easy.
If you're in the market for a new car and would like one of the GM® brands and you're trying to build your credit, this card is for you. However, if you'd prefer more rewards then you might want to take a closer look at the Scotiabank® GM® Visa Infinite Card.
Scotiabank® GM® Visa Infinite Credit Card
The Scotiabank® GM® Visa Infinite Credit Card has a few more perks than the GM® Visa card. One of the major differences is that you can enjoy the benefits of seven types of travel insurance coverage including medical insurance, trip interruption insurance, rental car insurance, and more.
It might be one of the reasons it was the winner of the 2020 Credit Card Genius Best Store Credit Card award.
Note: This card is no longer available.
Scotiabank® GM® Infinite Card Features
The GM® Infinite Card, unlike the GM® Card, has an annual fee, but Scotiabank has a welcome offer that waives this fee for the primary card and any supplementary cards in the first year. Here are some details about the annual fee as well as the card's other features.
Annual fee of $79, waived in the first year
Annual fee of $39 for each supplementary card, waived in the first year
A minimum $5,000 credit limit
Interest Rate of 19.99% on purchases
Interest Rate of 22.99% on cash advances, Scotia Credit Card Cheques (treated as cash advances), and balance transfers
Quick and easy check out by tapping your card or using your smartphone
Optional insurance coverage is also available with the GM® Infinite Card. You can choose either the basic or comprehensive protection bundle to cover you in case of any unforeseen, major life event.
Scotiabank® GM® Infinite Card Rewards
You can also accumulate GM® earnings and use them toward the purchase or lease of a GM® vehicle, but at a higher rate. Here are a few other rewards you can enjoy with this card:
The first $10,000 spent annually, you earn 5% in GM® Earnings, you earn 2% on anything spent above the $10,000
You get $1 off the lease or purchase price of any new GM® brand of vehicles (GMC, Chevrolet, Cadillac, or Buick) with every $1 in GM® Earnings you acquire
Extended warranty and purchase security with most purchases insured against loss, damage, or theft but within the restrictions, limitations, and exclusions of your insurance coverage
No redemption limits and no caps on earning
A discount of up to 25% at participating AVIS and Budget car rental sites in Canada and the US.
24/7 customer service that allows you to speak directly to an agent with any concern or query, request additional cards, resolve disputes, report lost or stolen cards, or file a complaint
You get all of this plus travel coverage that includes:
Emergency Medical Insurance
Trip Interruption Insurance
Car Rental Insurance
Flight Delay
Lost or Delayed Baggage
Common Carrier Travel Accident Insurance up to $500,000
Rental Car Collision/Loss Damage Insurance
Flight Delay includes reimbursement for any eligible living expenses (within reason) that you incur during a flight delay. Insured travelers are also eligible for reimbursement of $500 per trip for a missed connection that lasts for four or more hours.
Qualification requirements for this card include a minimum annual income of $60,000 or a household income of $100,000.
Scotiabank® SCENE® Visa Card
If you're a movie lover trying to build your credit, the SCENE Visa Card offers great movie rewards and no annual fee. It's also another of Scotiabank's credit cards that was the winner of the 2020 Credit Card Genius People’s Choice Credit Card award.
Scotiabank® SCENE® Card Features
The SCENE® card's features make it perfect for a student or someone who has recently immigrated and is trying to build their credit.
No Annual fee
No Annual fee for supplementary cards
A minimum $500 credit limit
Interest Rate of 19.99% on purchases
Interest Rate of 22.99% on cash advances, Scotia Credit Card Cheques (treated as cash advances), and balance transfers
Quick and easy check out by tapping your card or using your smartphone
The SCENE® Credit card also offers optional insurance coverage with the basic or comprehensive protection bundle.
Scotiabank® SCENE® Card Rewards
You can start receiving bonus SCENE+ points with the first $750 you spend using your SCENE+ card. SCENE+ points are a part of the Cineplex theatres loyalty program. The points can be used towards movies at Cineplex Theatres as well as their concession, cineplex.com, or for meals at SCENE dining partners.
Here are details of some of the great benefits you can receive with this card:
The first $750 spent in the first three months, you earn 5000 SCENE+ points
Earn 2 SCENE+ points for every $1 charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op
For every $1 you spend at Cineplex theatres or cineplex.com using your credit card, you earn 2 SCENE+ points
Redeem 100 points for $1 towards Cineplex movie tickets
Redeem 500 points for $5 at Harvey’s, Swiss Chalet, East Side Mario’s, Montana’s BBQ & Bar, Bier Markt, Kelsey’s Original Roadhouse
A discount of up to 25% at participating AVIS and Budget car rental sites in Canada and the US.
24/7 customer service that allows you to speak directly to an agent with any concern or query, request additional cards, resolve disputes, report lost or stolen cards, or file a complaint
You can qualify for the SCENE® card without any credit history but you will need to have a minimum annual income of $12,000.
Before You Apply
There are several steps you can take before applying for any credit card. Check your credit score. Research and ask the right questions based on your needs.
Do you want to improve your credit, earn rewards, or save money on interest? Your answer to this will get you one step closer to the card that's right for you. It will allow you to narrow down your options and make the decision less overwhelming.
Choose the card that gives you the best value and then apply for it. Once you get your card, use it responsibly and in a way that ensures you meet the goals you set out while doing your research.
Applying for A Scotiabank Credit Card
These are just three of the 16 credit cards available to Scotiabank customers. You can choose one of these based on your goals and income.
Both GM® Credit cards can help you toward the purchase or lease of one of GM's vehicle brands. Pay no annual fee with the GM Visa card with a lower credit limit or choose the GM® Infinite Visa card for a higher credit limit along with seven types of travel coverage.
Just starting your credit journey? The SCENE Visa card may be the option for you. No annual fees, and great rewards for movie buffs, while building your credit.
You can apply for any of these cards online and get instant approval. Requirements for each include:
Canadian citizenship or permanent residency
The age of majority based on the province or territory where you live
No bankruptcy filings in the past seven years
Understanding of and agreement to Scotiabank's Privacy Agreement as it pertains to information gathering, use and disclosure of same as it pertains to you
Personal income requirements will vary based on the card you are applying for. You will also have to agree to the bank having access to your credit bureau report. If you're unsure about your credit, check it for free before applying.
The Card That's Right For You
Scotiabank credit cards provide you with the features and benefits that give you flexibility, savings and rewards. They offer unique co-branded cards that provide you with rewards from retail partners to suit your lifestyle.
Choosing the card that's right for you is a big decision. Ensure that you're prepared for the responsibility and commitment of a credit card as it can affect your credit score.
