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MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial workforce of educated journalists works carefully with main private finance consultants in Canada. That will help you discover the very best monetary merchandise, we evaluate the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Study extra about our promoting and trusted companions.
One of the best Scotiabank playing cards by class
Scotiabank gives 17 bank cards tailor-made to numerous monetary wants and targets. However a handful stand out as the perfect the Huge Six financial institution has to supply. Beneath, we break down our picks for the highest Scotiabank bank cards throughout classes, from journey rewards to money again and low-interest to perks.
| Finest card by class | Why we find it irresistible |
|---|---|
| Finest for journey rewards Scotiabank Gold American Categorical Annual charge: $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 |
| Finest for money again Scotia Momentum Visa Infinite Annual charge: $120 (waived for the primary 12 months) |
4% money again in three frequent spending classes, together with recurring payments |
| Finest for college kids Scotiabank Scene+ Visa Annual charge: $0 |
Tailor-made to movie-going college students, with good earn charges in a number of classes and versatile redemptions |
| Finest for low curiosity Scotiabank Worth Visa Annual charge: $29 (waived for the primary 12 months) |
The bottom rate of interest the financial institution has to supply |
| Finest for perks Scotiabank Passport Visa Infinite Annual charge: $150 (waived for the primary 12 months) |
No international transaction charges, six free DragonPass lounge visits per 12 months, and extra |
Finest for journey rewards
At a look: Whereas the financial institution has a couple of choices with regards to accumulating journey rewards, our prime choose is the Scotiabank Gold American Categorical. The annual charge is effectively price 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 Cross membership sweeten the deal.
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Scotiabank Gold American Categorical
- Annual charge: $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; 3 factors per $1 on gasoline, every day transit and choose streaming companies; 1 level per $1 on all the things else
- Welcome provide: You may 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
Finest 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 steadiness). Our Scotiabank choose on this class is the Scotia Momentum Visa Infinite. This card options a superb earn price of 4% again on groceries, recurring payments and subscription companies (reminiscent of Netflix), 2% again on gasoline, 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 gorgeous card.
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Scotia Momentum Visa Infinite
- Annual charge: $120 (waived for the primary 12 months)
- Earn charges: 4% again on groceries, recurring invoice funds and subscription companies, 2% on gasoline, public transit, and 1% on all the things else
- Welcome bonus: earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual charge within the first 12 months, together with on extra playing cards. Supply ends October 31, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Honourable point out
At a look: Our runner-up on this class is the Scotia Momentum Visa. This card incorporates a stable earn price of two% money again on grocery and drugstore purchases, gasoline 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
- Annual charge: $39
- Earn price: Earn 2% money again for each $1 spent on groceries, gasoline, drug shops and recurring invoice funds; 1% again on all the things else
- Welcome bonus: You may earn a 2.99% introductory rate of interest with 0% charge on steadiness transfers for the primary 6 months (22.99% after that; annual charge $39). Supply ends October 31, 2024.
- Annual revenue requirement: $12,000
Finest 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 charge every year for his or her bank card. Cardholders acquire 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 examine break or evening out with associates.
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Scotiabank Scene+ Visa card
- Annual charge: $0
- Earn charges: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent all over the place else
- Welcome provide: You may earn 5,000 bonus Scene+ factors inside your first 12 months. Should apply by February 29, 2024.
- Annual revenue requirement: $12,000
Finest for low curiosity
At a look: At common bank card rates of interest of round 20%, even a small debt can enhance rapidly. So, if you happen to typically carry a steadiness in your card, contemplate a low-interest price possibility, just like the Scotiabank Worth Visa. With a low 12.99% rate of interest, this card may also help you pay down excellent debt sooner.
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Scotiabank Worth Visa
- Annual charge: $29 (waived for the primary 12 months)
- Stability switch provide: 0% introductory rate of interest on steadiness transfers for the primary 10 months. Supply ends 31 October 2024.
Finest for perks
At a look: For travellers prepared to pay an annual charge, 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 acquire 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 advantage 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
- Annual charge: $150 (waived for the primary 12 months)
- Earn price: 3 Scene+ factors per $1 spent at Sobeys shops; 2 factors per $1 on groceries, eating, leisure and transit; 1 level per $1 on all the things 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 charge waived. Supply ends July 1, 2024.
- Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
Honourable point out
At a look: The Scotiabank Platinum American Categorical bundles many rewards and perks into one standout card. As with different Scotia rewards playing cards, factors will be redeemed for merchandise, present playing cards and even money, however it’s the journey rewards that actually shine with the Platinum. Along with the flexibility to e book journey with out restrictions, Platinum cardholders can get pleasure from 10 complimentary visits to airport lounges within the Precedence Cross program, in addition to membership within the Hertz #1 Membership Gold. Cardholders are eligible for premium occasions via American Categorical Invitations and VIP Cross. Seven forms of journey insurance coverage helps members journey safely, and with priceless peace of thoughts.
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Scotiabank Platinum American Categorical Card
- Annual charge: $399
- Earn price: 4 factors per $1 on gasoline, groceries, eating and leisure; 1 level per $1 on all the things else
- Welcome bonus: You may 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: $40,000
