Welcome Bonus Value Estimated dollar value of the credit card welcome bonus

Annual Fee The annual fee on a credit card is a fee you pay each year to use the card

Purchase APR The interest Percentage Rate applied to all purchases you make with your credit card.

Cash Advance APR The Annual Percentage Rate applied if you used your card to get funds via ATM.

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Credit Score Recommended credit score range required to be eligible for approval for the credit card

Scotiabank Credit Cards

Scotiabank, also known as The Bank of Nova Scotia, is the third-largest bank in Canada. Founded in 1832 in Nova Scotia, Scotiabank moved its headquarters to Toronto in 1900 and now has over 25 million clients globally. Scotiabank has business in Europe, Asia, the Caribbean, and Latin America, calling themselves “Canada’s most international bank”. Scotiabank trades on both the Toronto Stock Exchange and New York Stock Exchange and has assets that total over $1.1 billion.

How do Scotiabank credit cards compare to other banks?

Credit cards across the big banks are consistent, with some differences that will be appealing to each individual. Scotiabank offers in-house Scotiabank Rewards with their credit cards, instead of partnering with other frequent flyer companies like some big banks do. They have some of the most innovative in-house travel rewards and credit cards. One of the biggest benefits are the eliminated foreign exchange fees on premium credit cards. Offering a wide range of credit cards with unique rewards, interest options and annual fees. Scotiabank offers more diversity in credit card options than credit unions and alternative lenders. In addition, Scotiabank does not have designated cards that may appeal to the entrepreneur or fast-paced business manager.

Scotiabank Credit Cards Overview

Scotiabank’s stand out feature for many of their credit cards is their Scotia Rewards. It is an in-house program which allows clients to redeem electronics, travel, gift cards or use rewards for statement credits. The Scotia Rewards Travel Service offers clients a full-service travel agency experience tied into their reward system thereby giving card holders many connections in travel experiences and benefits.

With cashback, no annual fee and low interest credit cards, Scotiabank meets the needs of nearly everyone. Often waiving the annual fees and offering huge reward bonuses for using new credit cards in the first few months, Scotiabank offers extremely competitive credit cards. Most come with different travel benefits, rental discounts, purchase protection options as further benefits.

Scotiabank Credit Card Benefits

16 different credit cards to choose from
Scotia Rewards program and the Scotia Reward Travel Service
Huge sign up and usage bonuses

Scotiabank Credit Card Drawbacks

Not tied into any frequent flyer programs
Low interest options have higher interest than other big banks

What Are the Types of Scotiabank Credit Cards?

Here is an introduction to each of Scotiabank’s 16 personal use credit cards. Find their annual fees, interest rates, main rewards, and introductory offers below:

Scotia Momentum Visa Infinite Card

This credit card has a $120 annual fee, an interest rate of 20.99% on purchases and 22.99% on cash advances. You will earn 10% cash back on all purchases for the first 3 months, up to $2,000 of total purchases, and they waive the annual fee for the first year. After the introductory 10%, you will earn 4% on groceries and recurring payments, 2% on gas and daily transit, and 1% on everything else.

Scotiabank Passport Visa Infinite Card

This credit card has a $139 annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You can earn 40,000 bonus Scotia Rewards points in the first year. Scotia Rewards can be used towards statement credits and are earned on every dollar at either 2X or 1X depending on the purchase. There are no foreign transaction fees on this credit card.

Scotiabank Gold American Express Card

This credit card has a $120 annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You can earn 40,000 bonus Scotia Rewards points in the first year. Scotia Rewards can be used towards statement credits and are earned on every $1 at either 5X, 3X or 1X depending on the purchase. There are no foreign transaction fees on this credit card.

SCENE Visa Card

This credit card has no annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You can earn 2,500 bonus SCENE points with your first $500 in everyday purchases in the first 3 months. SCENE points can be redeemed for free movies and are earned on every $1.

Scotia Momentum Mastercard Credit Card

This credit card has no annual fee, an interest rate of 20.99% on purchases and 22.99% on cash advances. You will have an introductory interest rate of 7.99% on purchases for the first 6 months. You will earn 1% cash back at groceries, gas stations, drug stores, and for recurring payments; and 0.5% on everything else.

Scotia Momentum Visa Card

This credit card has a $39 annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You will earn 7.5% cash back on all purchases for the first 3 months, up to $2,000 of total purchases, and get a 2.99% interest rate on balance transfers for the first 6 months. After the introductory 7.5% cash back, you will earn 2% cash back on groceries, gas stations, drug stores, and for recurring payments; and 1% on everything else.

Scotia Momentum No-Fee Visa Card

This credit card has no annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You will earn 5% cash back on all purchases for the first 3 months, up to $2,000 of total purchases, and get a 7.99% interest rate on everyday purchases for the first 6 months. After the introductory 5% cash back, you will earn 1% cash back on groceries, gas stations, drug stores, and for recurring payments; and 0.5% on everything else.

Scotiabank American Express Card

This credit card has no annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You can earn 5,000 bonus Scotia Rewards points with your first $500 in the first 3 months. Scotia Rewards can be used towards statement credits and are earned on every dollar at 1X. This card has travel benefits through Scotia Rewards Travel Service.

Scotiabank Platinum American Express Card

This credit card has a $399 annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. You earn 30,000 bonus Scotia Rewards points upon your first purchase. Scotia Rewards can be used towards statement credits and are earned on every $1 at either 4X at eligible gas stations, grocery stores, on dining and entertainment or 1X on everything else. This card has some of the best travel benefits, rewards, and privileges.

Scotiabank Value Visa Card

This is a low interest credit card option. It has a $29 annual fee, ann interest rate of 12.99% on purchases and cash advances. You will get a 0.99% interest rate on balance transfers for the first 6 months.

L'earn Visa Card

This credit card has no annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. Designed for students, you can earn up to 1% Moneyback.

SCENE Visa Card-Student

This credit card has no annual fee, an interest rate of 19.99% on purchases and 22.99% on cash advances. Designed for students, you earn 1X SCENE points on every dollar spent and 5X SCENE points on every dollar spent at Cineplex. SCENE points can be used for movies.

How do I choose the right Scotiabank credit card for my needs?

Scotiabank is a big bank with many options, they want to meet your needs. Since everyone’s needs are different, consider your needs around interest rates, sign-up bonuses, realistic use of credit cards, how often you travel and any other benefits that you may want from a credit card.

If you want a low interest rate, you are likely to miss out on the more attractive benefits of higher interest rate cards. If you travel often, a travel card may be best for you, to accumulate points and access the Scotia Rewards Travel Service. Always consider the annual fee and what works best for your budget. Higher annual fees generally mean more and exclusive benefits, which are ideal if they are offers you would use or purchase anyway.

Best Scotiabank Credit Cards in Canada

Best Scotiabank Travel Credit Card: Scotiabank Gold American Express® Card and Scotiabank Passport™ Visa Infinite*Card

Best Scotiabank No Foreign Transaction Fees Credit Card: Scotiabank Gold American Express® Card and Scotiabank Passport™ Visa Infinite* Card

Best Scotiabank No-Fee Travel Credit Card: Scotiabank American Express® Card

Best Scotiabank Cash Back Credit Card: Scotia Momentum® Visa Infinite*Card

Best Scotiabank No-Fee Cash Back Card: Scotia Momentum® No-Fee Visa*Card

Best Scotiabank Low Interest Credit Card: Scotiabank Value® Visa*Card

Best Scotiabank No Annual Fee Credit Card: Scotiabank Value® No-Fee Visa*Card

Best Scotiabank Credit Card for Students: SCENE®* Visa*Card

Best Scotiabank U.S. Dollar Credit Card: Scotiabank® U.S. Dollar VISA* Card

Best Scotiabank Business Credit Card: Scotia Momentum for Business Visa Credit Card and Scotiabank Passport Visa Infinite Business Card

How to get a credit card at Scotiabank?

The best way to get a Scotiabank credit card is to either apply online or at branch. The first step would be to review the credit card options available and choose one that meet your needs. You can review our article on the top Scotiabank credit card by category

If you visit the branch, please bring the following items with your completed application.

Last 3 months pay slips or job letter
If self-employed, 6 months of bank statements, receipts or invoices, and last 2 years of tax returns and financial statements (if available)
Two of the following pieces of identification: passport, driver’s license, or ID card
Two of the following utility bills: telephone (excluding mobile phone bills), electricity.
Confirmation of existing loans, credit card debt, disclosed assets and savings

Does Scotiabank have secured credit card?

The Scotiabank does not have a secure credit card. One great option for a secure credit card is Refresh Financial, read our review here.

What is minimum payment due in credit card Scotiabank?

The minimum payment due for Scotiabank credit card is 3% of your outstanding balance. Please review your online banking account or credit card statement to confirm the amount and payment due date.

Can you go over your credit card limit Scotiabank?

First and foremost, it is not recommended to go over your credit limit since it could impact your credit card utilization rate and your credit score.

If you go over your credit limit, there are 2 potential scenarios:

Your credit card issuer might just decline the transaction.
Some credit card issuers may approve the transactions that exceed your credit limit, however they usually charge an over-limit fee of up to $30 the first time you go over your limit and the same or more if you do it again.

Perhaps it might be worth applying for a credit limit increase.

If you would like to submit a request to increase to your credit limit, you have three options:

Online: Log in to your Scotia OnLine® account to make your request
By Phone: 1-800-367-6466 for (Canada/USA)
In person at your Scotiabank branch

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