Scotiabank® GM®* Visa* Business Card Review
2.99% introductory interest rate on balance transfers for the first 6 months. Plus, first year annual fee waived.
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$79
Annual Fee
19.99%
Purchase Interest Rate
NA
Min Personal Required
Scotiabank® GM®* Visa* Business Card
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:Scotiabank
Network Type:VISA
Scotiabank® GM®* Visa* Business Card
Welcome Bonus
2.99% introductory interest rate on balance transfers for the first 6 months. Plus, first year annual fee waived.
Annual Fee
$79
Scotiabank® GM®* Visa* Business Card
Card Details

Great reasons to get this card for your everyday business purchases

  • Earn 5% in GM Earnings on the first $10,000 spent annually,and 2% on all other everyday business purchases

  • $1in GM Earnings =$1towards your purchase or lease of a new Chevrolet, Buick, GMC, or Cadillac

  • Earnings do not expire as along as you are a cardholder

  • No earning or redemption caps

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $79
  • Additional Card Fee: $29
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Save on car rentals

As a Scotiabank GM Visa Business Cardholder, you can save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your Scotiabank GM Visa Business Card.


Visa Business Reporting Service

Manage Visa Business card expenses more efficiently with the Visa Business Reporting service, a web-based subscription service from Visa that allows you to track expenses on your business Scotiabank Visa credit card account and helps you stay on budget.


Business Choice Program from GM

With the GM Business Choice program, you'll have access to options that help offset the cost of getting your new Chevrolet or GMC vehicle work-ready.


Visa SavingsEdge

Turn business purchases into business savings with Visa SavingsEdge. It's free to join.

Editor's Review
With a car being an essential albeit expensive purchase for a growing business, the Scotiabank GM Business Visa comes in handy for the entrepreneur seeking to buy or lease a GM car in the near future. At the same time, it offers practical benefits for the pragmatic businessman, including rental car discounts and a decent shopper protection program for a small annual fee that you can waive on the 1st year.

Here are additional advantages that a small business credit card can offer your business to help it grow and be profitable.

Manage business expenses
Earn rewards for your business spend
Build credit for your business
Simplicity of recordkeeping and reporting, especially around tax time
Maintain control over spending

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