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MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial staff of educated journalists works intently with main private finance specialists in Canada. That will help you discover the perfect monetary merchandise, we evaluate the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Be taught extra about our promoting and trusted companions.
The most effective Scotiabank playing cards by class
Scotiabank affords 17 bank cards tailor-made to numerous monetary wants and objectives. However a handful stand out as the easiest the Large Six financial institution has to supply. Under, we break down our picks for the highest Scotiabank bank cards throughout classes, from journey rewards to money again and low-interest to perks.
| Greatest card by class | Why we find it irresistible |
|---|---|
| Greatest for journey rewards Scotiabank Gold American Specific Annual payment: $120 (waived for the primary 12 months) |
As much as 6 Scene+ factors per $1 on groceries (for a 6% return on spending) and no international transaction charges |
| Greatest for money again Scotia Momentum Visa Infinite Annual payment: $120 (waived for the primary 12 months) |
4% money again in three frequent spending classes, together with recurring payments |
| Greatest for college kids Scotiabank Scene+ Visa Annual payment: $0 |
Tailor-made to movie-going college students, with good earn charges in a number of classes and versatile redemptions |
| Greatest for low curiosity Scotiabank Worth Visa Annual payment: $29 (waived for the primary 12 months) |
The bottom rate of interest the financial institution has to supply |
| Greatest for perks Scotiabank Passport Visa Infinite Annual payment: $150 (waived for the primary 12 months) |
No international transaction charges, six free DragonPass lounge visits per 12 months, and extra |
Greatest for journey rewards
At a look: Whereas the financial institution has a couple of choices in relation to amassing journey rewards, our prime choose is the Scotiabank Gold American Specific. The annual payment is properly value it for the cardboard’s earn price, welcome bonus and perks, together with no international transaction charges. For individuals who cross-border store or journey, the latter is like an computerized 2.5% financial savings on every buy in a international forex. A set of travel-related insurance coverage protection and a reduction on Precedence Go membership sweeten the deal.
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Scotiabank Gold American Specific
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- Annual payment: $120 (waived for the primary 12 months)
- Earn charges: 6 factors per $1 spent on groceries at Sobeys-affiliated shops; 5 factors per $1 on eating, leisure and groceries at different eligible grocery shops; three factors per $1 on fuel, day by day transit and choose streaming companies; 1 level per $1 on every thing else
- Welcome provide: You possibly can earn as much as $650 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors. Should apply by July 1, 2024.
- Annual revenue requirement: $12,000
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Greatest for money again
At a look: Money again playing cards are precisely what they sound like: playing cards that rebate a share of your purchases as money (normally utilized on to your stability). Our Scotiabank choose on this class is the Scotia Momentum Visa Infinite. This card options a wonderful earn price of 4% again on groceries, recurring payments and subscription companies (corresponding to Netflix), 2% again on fuel, public transit and ride-sharing companies (together with Uber), and 1% on all different purchases. Complete journey insurance coverage and concierge service make this a lovely card.
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Scotia Momentum Visa Infinite
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- Annual payment: $120 (waived for the primary 12 months)
- Earn charges: 4% again on groceries, recurring invoice funds and subscription companies, 2% on fuel, public transit, and 1% on every thing else
- Welcome bonus: earn 10% money again on all purchases for the primary three months (as much as $2,000 in whole purchases). No annual payment within the first 12 months, together with on further playing cards. Supply ends October 31, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
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Honourable point out
At a look: Our runner-up on this class is the Scotia Momentum Visa. This card encompasses a stable earn price of two% money again on grocery and drugstore purchases, fuel and recurring invoice funds—classes that cowl the lion’s share of the common Canadian’s spending; all different purchases earn 1%.
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Scotia Momentum Visa Card
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- Annual payment: $39
- Earn price: Earn 2% money again for each $1 spent on groceries, fuel, drug shops and recurring invoice funds; 1% again on every thing else
- Welcome bonus: You possibly can earn a 2.99% introductory rate of interest with 0% payment on stability transfers for the primary 6 months (22.99% after that; annual payment $39). Supply ends October 31, 2024.
- Annual revenue requirement:Â $12,000
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Greatest for college kids
At a look: Scotiabank’s no-annual-fee Scene+ Visa is a superb choose for college kids who don’t wish to pay a payment annually for his or her bank card. Cardholders gather Scene+ rewards on on a regular basis purchases, that are redeemable for films at Cineplex cinemas. Scene+ factors will also be used for reductions at eating places—excellent for a research break or evening out with buddies.
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Scotiabank Scene+ Visa card
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- Annual payment: $0
- Earn charges: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent in every single place else
- Welcome provide: You possibly can earn 5,000 bonus Scene+ factors inside your first 12 months. Should apply by February 29, 2024.
- Annual revenue requirement: $12,000
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Greatest for low curiosity
At a look: At common bank card rates of interest of round 20%, even a small debt can enhance shortly. So, in case you typically carry a stability in your card, think about a low-interest price possibility, just like the Scotiabank Worth Visa. With a low 12.99% rate of interest, this card will help you pay down excellent debt quicker.
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Scotiabank Worth Visa
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- Annual payment: $29 (waived for the primary 12 months)
- Stability switch provide: 0% introductory rate of interest on stability transfers for the primary 10 months. Supply ends 31 October 2024.
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Greatest for perks
At a look: For travellers keen to pay an annual payment, the Scotiabank Passport Visa Infinite card delivers. Just like the Amex above, this card doesn’t cost international transaction charges and features a strong suite of journey insurance coverage. Cardholders gather factors within the Scene+ program at a price of three factors per $1 on eligible grocery shops, 2 factors per $1 on eating places and different grocery shops, leisure and transit, and 1 level per $1 on different eligible purchases. Six free DragonPass airport lounge visits yearly is an additional benefit for this journey card. Plus, you need to use your factors to journey on any airline of your selecting.
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Scotiabank Passport Visa Infinite
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- Annual payment: $150 (waived for the primary 12 months)
- Earn price: three Scene+ factors per $1 spent at Sobeys shops; 2 factors per $1 on groceries, eating, leisure and transit; 1 level per $1 on every thing else. Plus, pay no FX charges
- Welcome provide: earn as much as $1,300 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors and first 12 months annual payment waived. Supply ends July 1, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
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Honourable point out
At a look: The Scotiabank Platinum American Specific bundles many rewards and perks into one standout card. As with different Scotia rewards playing cards, factors may be redeemed for merchandise, reward playing cards and even money, but it surely’s the journey rewards that actually shine with the Platinum. Along with the flexibility to ebook journey with out restrictions, Platinum cardholders can get pleasure from 10 complimentary visits to airport lounges within the Precedence Go program, in addition to membership within the Hertz #1 Membership Gold. Cardholders are eligible for premium occasions by American Specific Invitations and VIP Go. Seven varieties of journey insurance coverage helps members journey safely, and with priceless peace of thoughts.
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Scotiabank Platinum American Specific Card
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- Annual payment: $399
- Earn price: Four factors per $1 on fuel, groceries, eating and leisure; 1 level per $1 on every thing else
- Welcome bonus: You possibly can earn as much as $2,100* in worth in your first 14 months, together with as much as 60,000* bonus Scene+ factors. Supply ends October 31, 2024.
- Annual revenue requirement:Â $40,000
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